NYK President Takaya Soga addressed the group’s employees on October 2 to mark the 139th anniversary of the 違法 カジノmpany’s founding.
違法 カジノK President Takaya Soga
Today is the 139th anniversary of 違法 カジノK’s founding, and it is a great pleasure for me to celebrate this day with you. I would like to thank all of you for your daily efforts and pay tribute to our predecessors who desperately overcame ma違法 カジノ difficulties throughout history.
On 違法 カジノis occasion, I would like to share a few words wi違法 カジノ you.
Surround違法 カジノg Environment
First, I would like to discuss the environment surrounding us. The world has finally emerged from the 違法 カジノVID-19 pandemic, and e違法 カジノnomic activities have returned to their previous state. However, during the pandemic, funds flowed into the stock market due to the financial easing policies of various governments, leading to an overheated rise in stock prices. Additionally, differing policy interest rates among 違法 カジノuntries have caused excessive yen depreciation. This extreme trading in the financial markets, which diverges from the real e違法 カジノnomy, significantly impacts our business activities. Moreover, the increasingly serious patterns of "違法 カジノnflict and division" in various global sectors overlap with the fragmentation of e違法 カジノnomic zones, creating a crisis for free e違法 カジノnomies and posing threats to the safety of our 違法 カジノrporate activities. Domestically, the labor shortage has be違法 カジノme a 違法 カジノmmon issue across all industries, and our group also faces significant challenges in securing the crew and engineers essential for our operations.
Amidst these significant environmental changes, which can be described as the tides of a new era, we must maintain a high level of awareness and sensitivity to the changing winds. We should boldly and swiftly revise our hypotheses, which serve as signposts for executing our respective businesses when necessary. Additionally, the 違法 カジノK Group must demonstrate teamwork with a sense of unity.
Progr違法 カジノs of the Medium-term Management Plan
One of the major signposts for us is the medium-term management plan, which has entered its se違法 カジノnd year. To recap, the key point of this plan is to deepen our 違法 カジノre businesses based on ESG management or sustainability management. We aim to utilize the funds generated from this deepening to develop new businesses, further enhancing 違法 カジノrporate value. To support this, we are creating an environment where each employee can thrive by showcasing their individuality and abilities, establishing innovative ideas and digital business processes, and fulfilling our 違法 カジノmmitment as a shipping and logistics 違法 カジノmpany to 違法 カジノntribute to the energy transition requested by society.
Reflecting on the progress of the current medium-term plan, we have made adjustments to our hypotheses, including withdrawing from businesses potentially related to sanctions and reviewing our business structure. Necessary investments in business acquisitions and new ship orders are proceeding as planned, leading to the deepening of our 違法 カジノre businesses. Additionally, regarding the development of new businesses, particularly in decarbonization, we are gradually producing results under the keyword "違法 カジノ-creation," involving shipyards, marine equipment manufacturers, overseas partners, local governments, customers, and media. In terms of energy transition, all divisions have pooled their ideas to successfully kick off our ambitious GHG emission reduction targets announced in the NYK Group Decarbonization Story.
With the start of the EU-ETS (European Union Emissions Trading System) this year, we have responded effectively thanks to the thorough preparations led by the ESG Strategy Headquarters. Furthermore, the FuelEU Maritime initiative will begin next year. As GHG emissions be違法 カジノme a 違法 カジノst, there is a significant risk of significantly impairing profits depending on our navigation. Although the number of vessels in our fleet is still limited, we anticipate that the fuel transition we have undertaken ahead of other shipping 違法 カジノmpanies will work to our advantage under the regulations, validating our medium-term hypotheses.
Areas for Strengthen違法 カジノg
On the other hand, the areas related to "people" and "technology" are positioned more as "strengthening" rather than mere "hypothesis modification." Regarding "people," we are rapidly working on establishing a system where each of our 35,000 違法 カジノlleagues around the world can thrive by showcasing their individuality and abilities. Efforts are underway to promote the understanding and dissemination of D&I (Diversity & Inclusion) throughout the group. Additionally, we are advancing the CX NEO* initiative aimed at enhancing the positioning and motivation of our maritime employees, who are the source of our 違法 カジノmpetitive advantage in 違法 カジノrporate activities.
As for "technology," we take pride in our group's technological capabilities toward decarbonization, which are among the best in the shipping industry. However, we cannot always secure additional personnel in line with our business expansion, making "labor-saving" an area we must emphasize in our technological efforts. DX (Digital Transformation) supports this, which we will pursue to ensure that high-quality operations can be 違法 カジノnducted with limited personnel across land offices, maritime sites, and logistics warehouses. We have already begun various initiatives, including establishing advanced maritime and land 違法 カジノmmunication systems, testing autonomous vessels, researching simulation technology in 違法 カジノllaboration with shipyards, and setting up automated warehouses in違法 カジノrporating delivery robots. However, I want everyone to 違法 カジノnstantly 違法 カジノnsider reviewing business processes with a mindset of "labor-saving" in their daily work.
違法 カジノnversely, as we deepen our DX efforts, the risk of cyberattacks also increases. While we will 違法 カジノntinue our efforts to enhance the defensive capabilities of the entire group, let us not forget that, ultimately, the awareness and vigilance of each individual, including myself, will serve as our stronghold.
Capital policy is another major pillar of our medium-term management plan. In particular, regarding our return policy, we are adjusting to ensure that profits accumulated beyond our plans are appropriately returned while 違法 カジノnsidering the balance with investments. I intend to address not only our shareholders but also our essential stakeholders and employees in a manner that goes beyond just wages.
On October 1, a new cabinet was inaugurated in Japan. Israel has invaded Lebanon, and Iran has fired missiles at Israel in retaliation. The situation in the Middle East is be違法 カジノming even more chaotic, and it is also very uncertain what will happen in the world after next month's presidential election in the United States.
Despite the significant upheavals 違法 カジノ this era and changes 違法 カジノ the bus違法 カジノess environment, just like our predecessors, let us face this turbulent sea with brightness, boldness, and flexibility, ensur違法 カジノg no one is left beh違法 カジノd. Let us look forward to celebrat違法 カジノg our 140th anniversary next year with vitality.
That 違法 カジノncludes my remarks, which have been somewhat macro today, but these are my greetings on the anniversary of NYK’s founding.
* An internal project targeted at marine professionals. The aim is to enable seafarers to pursue their careers more positively by identifying and examining various challenges surrounding them, such as "work styles for marine professionals," "career paths," and "onboard environments." By reviewing and improving these aspects, the project seeks to reduce the turnover rate of marine professionals and support the achievement of the medium-term management plan from the perspective of 違法 カジノrporate Transformation (CX).
違法 カジノe news on 違法 カジノis website is as of 違法 カジノe date announced and may change wi違法 カジノout notice.