Announcement of the Appointment of New President

December 25, 2003

Nippon Yusen Kaisha (NYK) has unofficially appointed as its new president current senior managing director Koji Miyahara, 58, who will assume the president on April 1, 2004.

In conjunction with senior managing director Miyahara's promotion, incumbent president Takao Kusakari will become chairman, although he will retain his representative rights.

Both appointments will be official on January 29, when NYK convenes a meeting of its board of directors.

Incoming President Koji Miyahara's Personal History

Name

Koji Miyahara

Date of Birth

3rd December 1945

Education

Graduated from University of Tokyo in March 1970 Majored in law

Business Career

April	1970	Joined Nippon Yusen Kabushiki Kaisha (NYK Line)
April	1996	Appointed General Manager, Management Coordination Group
June	1999	Appointed General Manager, Container Trade Coordination Group
June	2000	Appointed Director
June	2002	Appointed Managing Director
June	2003	Appointed Senior Managing Director
June	2004	Appointed President

The news on this website is as of the date announced and may change without notice.