Message from the President

I would like to express my sincere gratitude to all of our company’s shareholders and investors for your understanding and support of the NYK Group’s activities.

Through the first nine months of the current fiscal year, the consolidated financial results were revenue of JPY2,050.1 billion, operating profit of JPY249.4 billion, recurring profit of JPY1,005.9 billion and profit attributable to owners of parent of JPY920.3 billion. These strong results exceeded the same period last year.

As announced at the end of last year, I will retire as President and Representative Director effective March 31, 2023, and from April 1, Takaya Soga (Director and Senior Managing Executive Officer) will take over as the new President of NYK Line. Since being appointed President in June 2019, based on my aspiration to “create a sustainable company”, I have focused my efforts on achieving the business targets set forth in the medium-term management plan of restructuring the dry bulk business, securing stable-freight-rate business and ensuring the newly created container shipping line ONE succeeds. In addition, with the aim of incorporating ESG into the management strategy, I designated ESG management as a growth strategy of the company, established an organization for ESG promotion reporting directly to the President, strove to grasp the related issues and set forth practical measures. As a result, although we have benefitted from market conditions, we were able to achieve high profitability and significantly improve our financial foundation thanks to improved profitability in container shipping and other divisions, the deep support of shareholders, and the hard work of all Group companies.

We plan to announce the new medium-term management plan that will begin from FY2023 on March 10. We will demonstrate the new path that the NYK Group should take and will also incorporate capital policies, so we hope we could have your attention to this. Although I am approaching the end of my term, I will continue to fulfill my duties as President.

Going forward, I ask all of the shareholders and investors for your continued understanding and support for the NYK Group.

*For the detailed financial results through the first nine months of the fiscal year ending March 31, 2023, including the dividend forecast and full-year outlook, please refer to the Fiscal Statement and Presentation Meeting sections in the IR Library.

February 3, 2023
Hitoshi Nagasawa