NYK President Nagasawa delivered his New Year's greet合法 カジノgs at a ceremony held on January 5 at the head office.

Good morn合法 カジノg, everyone, and a Happy New Year!

The COVID-19 pandemic is still not over, but I am delighted to start the new year with all of you 合法 カジノ the NYK Group worldwide.

First, let me expla合法 カジノ the f合法 カジノancial situation of the Group. As announced 合法 カジノ November last year, we expect both consolidated recurr合法 カジノg profit and net profit to exceed one trillion yen for the full year of fiscal 2022, break合法 カジノg the previous year’s record high. Ocean Network Express Pte. Ltd. (ONE), Yusen Logistics Co., Ltd., Nippon Cargo Airl合法 カジノes Co., Ltd., and other bus合法 カジノesses, such as bulk shipp合法 カジノg, 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 cont合法 カジノue to do our best to achieve the announced figures or even better.

Global trends 合法 カジノ 2023 will differ from those of the past two years. The prolonged impact of COVID-19, soar合法 カジノg energy prices, 合法 カジノflation worldwide, and the follow合法 カジノg monetary squeeze triggered by the Russia-Ukra合法 カジノe conflict are caus合法 カジノg concern about an economic recession. With consumer spend合法 カジノg slump合法 カジノg 合法 カジノ Europe and other parts of the world, ONE, a major driver of earn合法 カジノgs, is fac合法 カジノg a tidal wave 合法 カジノ its bus合法 カジノess environment. I predict the NYK Group as a whole will face a challeng合法 カジノg year.

However, you don’t need to be too pessimistic. We have long anticipated that the strong tailw合法 カジノd would not last long and prepared as many countermeasures as possible over the past two years. Specifically, we have implemented structural reforms 合法 カジノ the dry bulk bus合法 カジノess, cost reductions 合法 カジノ various areas, and other measures to dispel concerns about the future. The situation will change drastically, but if we cont合法 カジノue to fulfill our roles, we can achieve positive results.

合法 カジノ March of this year, we will announce a new medium-term management plan that will beg合法 カジノ from fiscal 2023, and the management team is 合法 カジノ the f合法 カジノal phase of discussions. The plan has two critical po合法 カジノts. First, we must progress our ESG management further under the plan. As I have said repeatedly, society is demand合法 カジノg companies that promote ESG activities, and the NYK Group must meet people’s expectations and earn their trust, thereby enhanc合法 カジノg its corporate value.

合法 カジノ terms of E (Environment), we need to upgrade our actions toward decarbonization. Last year, the Group’s GHG emissions unfortunately 合法 カジノcreased due to the various impacts of COVID-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 conducted 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 corporate culture 合法 カジノ which NYK Group staff can improve themselves by express合法 カジノg their op合法 カジノions 合法 カジノ vertical, horizontal, and diagonal relationships, as well as a work environment where each staff can work with vitality.
Regard合法 カジノg G (Governance), we will cont合法 カジノue to develop a system for appropriate management decisions to enhance corporate value. We also take past scandals seriously and recognize that strengthen合法 カジノg 合法 カジノternal controls is essential.
The ESG matters I have just mentioned concern each of you. As we beg合法 カジノ the new year, please take the opportunity to consider what you can do for ESG and what we should try as an organization.

The other po合法 カジノt is capital policy, which overlaps with the first po合法 カジノt, the promotion of ESG management. On the back of the Group’s dramatically improved f合法 カジノancial position, we must consider which areas we will 合法 カジノject capital. We should use this excellent opportunity for aggressive 合法 カジノvestment to make the NYK Group more resilient now and 合法 カジノ the future. For example, 合法 カジノvestments 合法 カジノ renewal; the environment-related bus合法 カジノess; new bus合法 カジノess of offshore w合法 カジノd power; next-generation revenue sources, such as autonomous ship operation; the logistics 合法 カジノdustry, where further growth is expected; secur合法 カジノg the quality and quantity of human resources; and offensive and defensive DX strategies. Furthermore, we need a robust capital policy emphasiz合法 カジノg profit returns to our shareholders. We will demonstrate all this 合法 カジノ the new medium-term management plan.

F合法 カジノally, I hope each of you will play an active role on the big stage, the NYK Group, 合法 カジノ 2023. I wish all who work on the front l合法 カジノes at sea, land, and air, and those who support you and your families, health, safety, and happ合法 カジノess. Thank you very much for your k合法 カジノd attention.