News Releases in 2008

April 28, 2008

NYK to Nominate Two Outside Directors


At a meeting held on April 25, 2008, NYK board members agreed to recommend that the two below individuals from outside the company be nominated at the 121^st annual shareholders' meeting, to be held near the end of June 2008, to serve as outside directors on the NYK board. The board also agreed to the new members of director and corporate officer to be nominated and approved in the annual shareholders' meeting and board meeting after that.

The addition of two outside directors will allow for appropriate transparency of company management, and it is expected that the outside directors will strengthen the role of board meetings and thus positively impact the long-term prosperity of the company.

Each profile of these two individuals is as follows.

Name	Career Summary
Yukio Okamoto	23 November 1945 Born April 1968 Joined Ministry of Foreign Affairs January 1991 Retired from the Ministry of Foreign Affairs March 1991 Became representative director of Okamoto Associates, Inc. (incumbent) November 1996 Became special advisor to the prime minister March 1998 Retired from position as special advisor to the prime minister September 2001 Became special advisor to the Cabinet April 2003 Retired from position as special advisor to the Cabinet and became special advisor to the prime minister March 2004 Retired from position as special advisor to the prime minister
Yuri Okina	25 March 1960 Born April 1984 Joined the Bank of Japan April 1992 Joined The Japan Research Institute, Limited April 1994 Became senior researcher at The Japan Research Institute, Limited April 2000 Became chief researcher at The Japan Research Institute, Limited September 2001 Became guest professor at Keio University graduate school May 2003 Became director of the Industrial Revitalization Corporation of Japan (part-time position) June 2006 Became research director and chief senior economist at The Japan Research Institute, Limited (incumbent)

ref: Positions, Duties and Responsibilities of Directors and Corporate Officers (As of late June 2008)