NYK plans to issue transition bonds in mid-June 2026, with detailed issuance conditions to be announced at a later date. This marks NYK’s sixth issuance of such bonds.

Transition bonds are designed to facilitate the transition to a low-carbon society. The funds raised will be allocated to projects aligned with our medium-term management plan, Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing . These projects emphasize long-term transition strategies that contribute to decarbonization, including investments in LNG-fueled vessels.

Since issuing the shipping industry’s first green bonds in 2018 and subsequently Japan's first transition bonds in 2021, we have been at the forefront of sustainable finance. Through the issuance of these transition bonds, NYK aims to accelerate our growth strategy anchored in sustainable management and further enhance recognition among a broad range of stakeholders.

• Name: NYK Unsecured Corporate Bond No. TBA (Transition Bonds)
• Issuing Entity: NYK (Nippon Yusen Kaisha)
• Maturity: TBD
• Issue Amount: TBD
• Issue Date: Early June 2026
• Use of Proceeds: New and existing projects referenced in "Vessel fuel conversion scenario towards 2050" from NYK's medium-term management plan, LNG-fueled vessels, etc.
• Second-Party Opinion: DNV Business Assurance Japan K.K
• Structuring Agent: Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.

• NYK Line Green/Transition Finance Framework
• Second-Party Opinion on Our Issued Framework