NS United Kaiun Kaisha : Revision of Operating Performance Forecasts

(Translation only)

News

September 24, 2020

Revision of Operating Performance Forecasts

Listed Company Name : NS UNITED KAIUN KAISHA, LTD.

Code Number :9110 URL: http://www.nsuship.co.jp

Company Representative : Kazuo Tanimizu, President

Contact for Inquiry :Kentaro Seki, Group Leader, Project Group (Phone) 81-3-6895-6411

This is to report that we have revised our forecast announced on July 31st, 2020 on consolidated operating performance of the fiscal year ending March 2021 accumulating up to the 2nd quarter.

1. Revision of Operating Performance Forecasts

Revision of consolidated operating performance forecast up to the 2nd quarter of the fiscal year ending March, 2021

(April 1, 2020 through September 30, 2020)

				Profit(loss)	Net
		Operating	Ordinary	attributable
	Revenue	income(loss)
	income(loss)	income(loss)	to owners of
	(Million Yen)	per share
	(Million Yen)	(Million Yen)	parent
		(Yen)
				(Million Yen)
Previous forecast (A)	68,000	1,200	500	2,700	114.57
(as announced on July 31st, 2020)
Revised forecast (B)	68,000	1,800	800	2,800	118.81
Change (B - A)	0	600	300	100
Percentage change (%)	0.0	50.0	60.0	3.7
Reference: Result of previous 2nd	71,943	2,904	1,888	3,731	158.32
quarter (for the year ended March 2020)

(Note 1) The above forecast is based on available information as of the release date of this report. The actual results of operating performance could be substantially different from this forecast, depending on various factors.

- 1 -

(Translation only)

2. Reason for Forecast Revision

Although the affection of the spread of COVID-19 is still under unpredictable, we revised our operating performance forecast as described above which we expect the higher than our previous forecast, reflecting the sign of economic recovery. The full year forecast is currently under close examine, we will disclose it as soon as it becomes necessary to revise.

- 2 -