New Horizon 2010 Medium-term NYK Group management plan running from fiscal 2008 to fiscal 2010 (April 1, 2008 to March 31, 2011) Revised on April 27 2009
Seeking to maintain growth as a global monohakobi (transport) enterprise
Revised on April 27 2009
The NYK Group announced on March 27 2008 its new medium-term management plan, "New Horizon 2010," which will consolidate strategies from the previous plan to enhance growth, increase stability and further protect the environment.

The new plan, which will run from April 2008 to March 2011, replaces "New Horizon 2007," which ran from April 2005 to March 2008. Under "New Horizon 2007," the NYK Group strengthened its corporate power as a comprehensive logistics company by focusing on three key strategies: 1) Expand shipping segment, 2) Evolve into a logistics integrator, and 3) Enhance our corporate fundamentals. In this last fiscal year for the plan, the NYK Group forecasts that it will reap the biggest profits of any year in its history. Under "New Horizon 2007," it expanded transportation businesses covering the sea, land, and air and recorded about 60% growth by increasing revenue from roughly 1.6 trillion yen to 2.6 trillion yen. Under "New Horizon 2010," it will build on this work, while also pursuing the three strategies outlined below, and in so doing will continue to evolve into a global monohakobi (transport) company that achieves regular increases in revenue and profits.
New Horizon 2010: Key Strategies
Fleet and Nonfleet Investment Plans
As the global logistics market continues to grow, the NYK Group will expand its fleet of ships with the aim of having 850 vessels in service by the end of the 2010 fiscal year. It will also proactively invest in other sectors such as logistics and air freight business.
1Number of Vessels in Fleet and Fleet Expansion/Procurement Amounts
(including leased and long-term chartered vessels)
    March 2005   April 2005 - March 2008   April 2008 - March 2011   April 2011 - March 2014
    Actual size of fleet as of March 31, 2005   Newly acquired vessels
Procurement total		 Anticipated size of fleet on March 31, 2008   Newly acquired vessels
Procurement total		 Anticipated size of fleet on March 31, 2011   Newly acquired vessels
Procurement total		 Anticipated size of fleet on March 31, 2014
Mainly bulk
carriers and
LNG carriers		   371ships   110ships
¥520 billion		 492ships   126ships
¥724 billion		 555ships   90ships
¥600 billion		 580ships+
α
Car carriers 98ships   24ships
¥120 billion		 113ships   36ships
¥230 billion		 120ships   10ships
¥70 billion		 130ships+
α
Mainly liners   177ships   41ships
¥260 billion		 201ships   41ships
¥283 billion		 175ships   10ships
¥100 billion		 180ships+
α
Total   646ships   175ships
¥900 billion		 806ships   203ships
¥1,237 billion		 850ships   110ships
¥770 billion		 890ships+
α
1Nonfleet Investment (Logistics, Air Cargo Transportation, Other)
April 2005 - March 2008
  
April 2008 - March 2011
¥290 billion
  
¥215 billion

The procurement of ships will be achieved through a well-balanced combination of vessel ownership, leasing and long-term chartering.
Performance Targets
1Performance Targets
(Billions of yen)
Years ended
/
ending March31		   2008
(Result)		   2009
(Planned)		 2010
(Planned)
Revenues   2,429.9   1,880.0 2,000.0
Ordinary income   140.8   40.0 100.0
Net income   56.1   18.0 60.0

Assumed forecasting variables *2008 is results.
    2008   2009   2010
Exchange rates
(yen to U.S. dollar)		   ¥100.82/$   ¥95.00/$   ¥90.00/$
Bunker oil price
(per metric ton)		   $503.21/MT   $275.00/MT   $300.00/MT
Seeking to Be an Environmentally Progressive Enterprise: New Project Launched under NYK President’s Watch
1Special Environment Project: NYK Cool Earth Project
Starts in April 2008
NYK Group expects to achieve growth and stability as a genuine global company. At the same time, it will strive to score far ahead of other companies as an environmentally progressive corporate group by making environmental issues a central plank in its management focus.

To that end, this April NYK president Koji Miyahara has set in motion the NYK Cool Earth Project, which will involve the entire NYK Group in the development of environmentally-friendly technology and other schemes that promote environmental sustainability.
NYK's CO2 Reduction Targets
NYK will earmark ¥70 billion over six years to this project, with a focus on the development of innovative, environment-oriented equipment and technologies that curb greenhouse gas emissions.
NYK will take the lead in international environmental policy discussions as they regard shipping operations.
NYK will reshape existing business models.
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