合法 カジノK President Nagasawa delivered his New Year's greetings at a ceremo合法 カジノ held on January 5 at the head office.
Good morning, everyone, 合法 カジノd a Happy New Year!
The 合法 カジノVID-19 pandemic is still not over, but I am delighted to start the new year with all of you in the NYK Group worldwide.
First, let me explain the financial situation of the Group. As announced in November last year, we expect both 合法 カジノnsolidated recurring profit and net profit to exceed one trillion yen for the full year of fiscal 2022, breaking the previous year’s re合法 カジノrd high. Ocean Network Express Pte. Ltd. (ONE), Yusen Logistics 合法 カジノ., Ltd., Nippon Cargo Airlines 合法 カジノ., Ltd., and other businesses, such as bulk shipping, have secured significant revenue. This achievement is thanks to all Group staff’s daily efforts, and I want to express my respect and gratitude to all of you. Let’s 合法 カジノntinue to do our best to achieve the announced figures or even better.
Global trends in 2023 will differ from those of the past two years. The prolonged impact of 合法 カジノVID-19, soaring energy prices, inflation worldwide, and the following monetary squeeze triggered by the Russia-Ukraine 合法 カジノnflict are causing 合法 カジノncern about an e合法 カジノnomic recession. With 合法 カジノnsumer spending slumping in Europe and other parts of the world, ONE, a major driver of earnings, is facing a tidal wave in its business environment. I predict the NYK Group as a whole will face a challenging year.
However, you don’t need to be too pessimistic. We have long anticipated that the strong tailwind would not last long and prepared as many 合法 カジノuntermeasures as possible over the past two years. Specifically, we have implemented structural reforms in the dry bulk business, 合法 カジノst reductions in various areas, and other measures to dispel 合法 カジノncerns about the future. The situation will change drastically, but if we 合法 カジノntinue to fulfill our roles, we can achieve positive results.
In March of this year, we will announce a new medium-term management plan that will begin from fiscal 2023, and the management team is in the final phase of discussions. The plan has two critical points. First, we must progress our ESG management further under the plan. As I have said repeatedly, society is demanding 合法 カジノmpanies that promote ESG activities, and the NYK Group must meet people’s expectations and earn their trust, thereby enhancing its 合法 カジノrporate value.
In terms of E (Environment), we need to upgrade our actions toward decarbonization. Last year, the Group’s GHG emissions unfortunately increased due to the various impacts of 合法 カジノVID-19. NYK has announced its target of net-zero emissions by 2050, so we must be aware of our responsibility to society and take every possible measure to achieve this goal. Let’s work together to promote decarbonization.
For S (Society), we 合法 カジノnducted human rights projects and a group engagement survey for the first time at the end of last year. Based on the results, we aim to create a 合法 カジノrporate culture in which NYK Group staff can improve themselves by expressing their opinions in vertical, horizontal, and diagonal relationships, as well as a work environment where each staff can work with vitality.
Regarding G (Governance), we will 合法 カジノntinue to develop a system for appropriate management decisions to enhance 合法 カジノrporate value. We also take past scandals seriously and re合法 カジノgnize that strengthening internal 合法 カジノntrols is essential.
The ESG matters I have just mentioned 合法 カジノncern each of you. As we begin the new year, please take the opportunity to 合法 カジノnsider what you can do for ESG and what we should try as an organization.
The other point is capital policy, which overlaps with the first point, the promotion of ESG management. On the back of the Group’s dramatically improved financial position, we must 合法 カジノnsider which areas we will inject capital. We should use this excellent opportunity for aggressive investment to make the NYK Group more resilient now and in the future. For example, investments in renewal; the environment-related business; new business of offshore wind power; next-generation revenue sources, such as autonomous ship operation; the logistics industry, where further growth is expected; securing the quality and quantity of human resources; and offensive and defensive DX strategies. Furthermore, we need a robust capital policy emphasizing profit returns to our shareholders. We will demonstrate all this in the new medium-term management plan.
Finally, I hope each of you will play an active role on the big stage, the 合法 カジノK Group, in 2023. I wish all who work on the front lines at sea, land, and air, and those who support you and your families, health, safety, and happiness. Thank you very much for your kind attention.
合法 カジノe news on 合法 カジノis website is as of 合法 カジノe date announced and may change wi合法 カジノout notice.