Performance Targets
* The time span from deciding on an investment through delivery of a ship is rather long. Therefore, we have set out a numerical target for fiscal 2013 while setting out a numerical goal for fiscal 2016 that represents the corporate profile we seek.
* Businesses with stable freight rates refers to areas of the logistics business and the bulk shipping business (excluding short-term contracts of affreightment (COAs) and spot contracts) in which the NYK Group can take advantage of strengths. We aim to generate 10% of recurring profit from these businesses annually.
* The effects of the Great East Japan Earthquake are not reflected in these numbers. An adjustment will be made when the impact of the quake can be quantified.
Financial targets
Fiscal year 2013 target: JPY2,300 billion in revenues and JPY130 billion in recurring profit
Revenues plan

Recurring profit plan

Financial targets: Breakdown by region and business segment
Expand franchise in Asia and stable freight rate business
Revenues breakdown by region
Recurring profit breakdown by segment
Fleet in operation
Expand operational fleet with a focus on car carriers, small/mid-size bulkers and LNG/off-shore business segments
* KNOT
Knutsen NYK Offshore Tankers
The NYK Group became the first Japanese shipping company to participate in shuttle tanker operations by taking a 50% stake in a major shuttle tanker operator, Knutsen Offshore Tankers ASA of Norway.
Investment plan
Focus of strategic investments will be on car carriers, small/mid-size bulkers and LNG/off-shore business segments
Investment plan (Fiscal year 2011 - Fiscal year 2016 Completion)
Consolidated subsidiaries only (excluding investment by equity-method affiliates)
Total investment amount is indicated at time of completion
Figures include only chartered/leased vessels of over 5 years
Breakdown of investment plan (Fiscal year 2011 - Fiscal year 2016 Completion) (Fiscal year 2011 - Fiscal year 2016 Completion)
Shuttle Tanker (KNOT) investment = ¥50 billion+
Financial targets (Earnings and financial targets)
Achieve average ROE of 10% (Fiscal year 2011-2013) and payout stable dividends
* The effects of the Great East Japan Earthquake are not reflected in the numbers for fiscal 2011.

