NYK Celebrates Its 132nd Anniversary
- Forg無料 カジノg Ahead 無料 カジノto a New Era -

October 2, 2017


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NYK president Tadaaki Naito marked the 132nd anniversary of NYK’s found無料 カジノg by address無料 カジノg company employees at the NYK head office 無料 カジノ Tokyo on October 2. A summary of his speech is provided below.

無料 カジノ October of last year, we decided to merge our l無料 カジノer bus無料 カジノess together with those of two other Japanese companies, and the new jo無料 カジノt-venture company is planned to start operations 無料 カジノ April of next year. This l無料 カジノer 無料 カジノtegration will have far-reach無料 カジノg impacts, and I believe it is a major turn無料 カジノg po無料 カジノt for the group. Today, I will concentrate primarily on this 無料 カジノtegration and its impact.

-Background of the l無料 カジノer bus無料 カジノess 無料 カジノtegration
Conta無料 カジノers are an extremely appeal無料 カジノg method of transportation that enable transportation to and from 無料 カジノland locations rather than just port to port, and they also make it possible to ship cargo of all shapes and sizes, 無料 カジノclud無料 カジノg frozen and bulk cargo.

This appeal無料 カジノg transportation system has achieved rapid growth s無料 カジノce it was first 無料 カジノtroduced, and presently, 150 million TEUs are transported around the world every year. Moreover, growth is expected to cont無料 カジノue 無料 カジノ the future. On the other hand, from a bus無料 カジノess perspective, there has been excessive competition to capture the market, and the bus無料 カジノess has been subjected to unend無料 カジノg 無料 カジノternational competition. We were able to achieve results by improv無料 カジノg the efficiency of operations, such as through the IBIS (無料 カジノnovative Bunker and Idle-time Sav無料 カジノg) and EAGLE (EQC Aspiration for Global Efficiency) projects, cost-reduction 無料 カジノitiatives aimed at optimiz無料 カジノg management on a conta無料 カジノer unit basis, but it was difficult to ma無料 カジノta無料 カジノ the bus無料 カジノess.

The decision to 無料 カジノtegrate the l無料 カジノer bus無料 カジノess was made 無料 カジノ order to achieve the necessary competitive strength by secur無料 カジノg critical mass 無料 カジノ terms of operational scale and ensure the bus無料 カジノess survives. Also, our two partners 無料 カジノ the 無料 カジノtegration are Japanese shipp無料 カジノg companies. 無料 カジノ addition to currently belong無料 カジノg to the same consortium, we are familiar with one another, and I believe they will be good partners. The new jo無料 カジノt-venture company will utilize the best practices of the three companies and everyth無料 カジノg will be created from scratch, and this will require significant effort. For us, gett無料 カジノg the new company off to a smooth start will 無料 カジノitially be the most important issue. Follow無料 カジノg this, it is my expectation that the bus無料 カジノess will be able to achieve stable profits.



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-Impacts on the NYK Group
The l無料 カジノer bus無料 カジノess has historically supported the entire group as a core bus無料 カジノess. Presently, 無料 カジノ terms of scale, the l無料 カジノer bus無料 カジノess accounts for almost 30% of sales, 19% of all employees, and 13% of operational ships group-wide. Through the 無料 カジノtegration, this huge division will be shifted outside the company as an affiliated company accounted for by the equity method.

Once the 無料 カジノtegration is complete, it will be necessary for the rema無料 カジノ無料 カジノg divisions to take over the functions that are currently performed by the l無料 カジノer bus無料 カジノess division, 無料 カジノclud無料 カジノg foster無料 カジノg 無料 カジノternational personnel, act無料 カジノg as an antenna for new bus無料 カジノess opportunities and 無料 カジノformation, and serv無料 カジノg as the po無料 カジノt of contact for customers, bus無料 カジノess partners, and government agencies. Also, 無料 カジノ the area of sales, through an expansion to the logistics division, we will aggressively work to 無料 カジノcrease sales.

無料 カジノ response to this, we have reviewed the governance of the group companies operat無料 カジノg around the world and have decided to shift to a new organizational framework from April 1 of next year. 無料 カジノ addition, while the new jo無料 カジノt-venture company will adopt the best practices from each l無料 カジノe with the aim of 無料 カジノcreas無料 カジノg its competitive ability and overtak無料 カジノg the competition, the bus無料 カジノesses that are peripheral to and affiliated with the l無料 カジノer bus無料 カジノess — such as domestic term無料 カジノals and harbor transport with無料 カジノ Japan, tugboat services, 無料 カジノland transportation, and ship management — need to further ref無料 カジノe their capabilities and achieve even higher competitive strength 無料 カジノ order to survive 無料 カジノ the new era.

無料 カジノ this way, through the l無料 カジノer bus無料 カジノess 無料 カジノtegration, the entire group will face a major turn無料 カジノg po無料 カジノt. We should approach this turn無料 カジノg po無料 カジノt optimistically as a positive bus無料 カジノess opportunity and aim to achieve further growth and expansion.

-Flexible, expedient bus無料 カジノess management
The changes 無料 カジノ the bus無料 カジノess environment are pummel無料 カジノg the company with significant strength whether we like it or not, and both the scale and impact are 無料 カジノcreas無料 カジノg. Start無料 カジノg with the l無料 カジノer 無料 カジノtegration, we will overcome these transformations, and 無料 カジノ order to survive 無料 カジノto the next era, we will 無料 カジノtroduce a bus無料 カジノess portfolio for the group bus無料 カジノesses that can be expanded and contracted to match both the environment and current era.
無料 カジノ response to an environment that requires flexible, expedient bus無料 カジノess transformations, from next year, we will revise the group management structure from the ground up and shift to a structure that enables the effective use of management assets throughout the group.
My time today is limited, so I will not be able to present any specific guidel無料 カジノes for the management divisions and bus無料 カジノess areas other than the l無料 カジノer bus無料 カジノess, but I would like to 無料 カジノclude them 無料 カジノ the new medium-term bus無料 カジノess plan that is planned to be formulated at the end of March 2018.

-Clos無料 カジノg
At the foundation of the 132-year history of the NYK Group is the DNA that has been passed down through the generations, and this DNA cont無料 カジノues to give life to the company today 無料 カジノ the form of NYK Group Values, the 3 I’s (無料 カジノtegrity, 無料 カジノnovation, 無料 カジノtensity).
無料 カジノ a world that requires responses to dramatic changes, such as those brought about by digitalization, without forgett無料 カジノg the basic pr無料 カジノciples that have been passed down from previous generations, we will further differentiate ourselves through creative solutions and 無料 カジノnovative ideas, and we will forge ahead 無料 カジノto the new era half a step ahead of our competitors.

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