Our Value The NYK Group Continues to Grow While Supporting the Overcoming of Challenges in Society and Industry Based on Its Basic Philosophy of “Bringing value to life.” Highlights of the NYK Group’s History 1885 — 1945 — 1985 — Born of the merger of Mitsubishi Mail Steamship During World War II, NYK tragically lost its two key The yen appreciation stemming from the Plaza Accord in Company and Kyodo Unyu Kaisha, NYK resultantly assets—ships and crew members. Following the war 1985 had a major impact on the cost structure of shipping expanded its business from the seas of Asia to the oceans and throughout a period of high economic growth, the companies. We responded by shifting to a multinational of the world under a “nibiki” flag featuring two thick red Company embarked on the development and leveraging mix of our seafaring workforce and beginning a structural lines on a white background to symbolize the union of the of the specialized carrier business to support Japan’s transformation, to become a comprehensive global logis tics two companies from which NYK arose. economic growth. enterprise centered on our maritime shipping industry. Akagi Maru II with the Japanese flag flying as the ship enters New York Harbor 1968 Japan’s first fully container ship, Hakone Maru II, launched Started the North America west coast container shipping service Consumer goods and equipment 1970 Group’s first Pure car carrier, Jintsu Maru, launched Automobiles 1964 World’s first wood-chip carrier, Kure Maru, launched Bulk 1959 1962 1983 Group’s first crude oil tanker, World's first large LPG carrier, LNG shipments from Indonesia to Japan Tamba Maru, launched Bridgestone Maru, launched began 1960 1993 Group’s first iron ore dry bulker, Japan's first double-hull tanker, Tobata Maru, launched Takamine Maru, launched Energy 38 NIPPON YUSEN KABUSHIKI KAISHA NYK REPORT 2020 Our Approach Our Value Our Progress Corporate Culture of the NYK Group Our Basic Philosophy of “Bringing value to life.” Bringing value to life. The NYK Group’s basic philosophy, “Bringing value to life,” expresses the purpose and reason for the Group’s existence— The History of NYK Group i.e., the value the Group brings to all living things and the https://www.nyk.com/english/profile/history/ environment while realizing prosperous lives and daily fulfill- ment for people around the world. — Value in items is created when they are with the people 2010 who need them and are in the necessary places. In the future, In addition to expanding into new business fields, such as the shuttle tanker and offshore businesses, we continue to take on the challenge of new fields that go beyond the conven- the Group will play a central role in contributing to a sustain- tional framework of a comprehensive global logistics enterprise, such as introducing ships able society and environment, in addition to delivering the powered by LNG fuel to decouple the Company’s environmental impact and entering the green business field. essential items and services to the people that need them and to the desired places. Based on this basic philosophy, the Group is working every day toward its goal of co-creating sustainable value with all of its stakeholders while flexibly adapting its business models to changes in this current era and in society. Spreading of Our Basic Philosophy: “Bringing value to life.” 2016 2017 14,000 TEU container ship, Ocean Network Express Pte. Ltd. The NYK Group traces its origins back to the maritime ship- NYK Blue Jay, launched (ONE) established ping industry started by Yataro Iwasaki, the founder of the Mitsubishi Group. He believed that the shipping industry would not only expand our business but also benefit society as a whole. 2003 All employees are convinced that the Group’s operations • Invested in finished vehicle logistics terminal in Dalian form a social infrastructure and a business that support • Commenced inland transportation service industry. In 2020, with the COVID-19 pandemic continuing of finished vehicles in China, Australia, Southeast Asia, etc. unabated, the Group will fulfill its mission to “keep the logistics lifeline open” so that people can live comfortably and with peace of mind. 2013 Formulated in 2018, our basic philosophy inherits the mis- NYK Bulk & Projects Carriers sion and spirit that have been passed down through the gen- Ltd. formed erations since the Company’s founding. This philosophy has permeated throughout the Group and down to its roots as words that express the true ambitions of all our employees. 1996 2019 LNG shipments from Qatar to Japan commenced Participated in the 3D geophysical “If we launch a ship, the benefits will be survey business widespread, and the resulting prosperity 2010 will be felt by many.” Became first Japanese company to enter shuttle tanker business by acquiring a stake Yataro Iwasaki in Knutsen Offshore Tankers AS Mitsubishi Group Founder Source: Iwasaki Yataro Den (Volume 2) (Photo : Mitsubishi Archives) NIPPON YUSEN KABUSHIKI KAISHA NYK REPORT 2020 39 Our Value Ultra-Long Perspective Participating in Offshore Business and LNG Projects 2012 2014 on History of Enhancing Decided to participate in Resolved to participate in Wheatstone LNG project Cameron LNG project Participated in upstream Participated in midstream Corporate Value operations of LNG value chain operations of LNG value chain 2010 —Integration of Management and Sustainability— Entered shuttle tanker business, a first for a Japanese shipping company 2011 Participated in FPSO business / 2009 Developed FPSO business off Brazil Decided to participate in 2014 drillship business Completed construction of Aries Leader, a pure car 2009 and truck carrier incorpo- Announced NYK rating the latest energy- SUPER ECO SHIP saving technologies 2004 2030 as a concept 2008 Established MTI ship Established in-house Offshore Co., Ltd. Business Group Initiatives to Reduce Environmental Strengthened original R&D 2014 1997 Impact 2008 Initiated Big Data Founded NYK Logistics 2001 2002 Launched NYK Cool Utilization Project Technology Institute Obtained ISO 14001 Earth Project as a Created Safety and certification special environmental 1990 Environmental program in business Management Acquired world’s first 1985 Created Global certification to include management Committee Established Japan Environment chartered vessels Marine Science Inc. Committee 1986 2005 2011 NYK21 New Horizon 2007 More Than Shipping 2013 NYK’s first medium-term management vision to Accelerated strong growth strategy and Maritime shipping industry + α develop into a comprehensive global-logistics reinforced corporate foundation 1989 company Established NYK-Fil Ship management Inc. Founded manning company for educating, training, 1998 Initiatives for Ensuring Safe and deploying seafarers in the Philippines • NAV9000 original Operations at Sea 1983 1993 unified safety standard Founded JIT Corporation Opened NYK Maritime • Launched Remember 2002 Naka-no-Se campaign Established forwarder to Museum Established Yusen Childcare (in-house substantially manage Promoted awareness to nursery room) in Marunouchi, Tokyo NYK’s business policies never forget tanker oil spill at Naka-no-Se shoal in Tokyo Bay 2006 2007 Started in-house seafarer- Opened NYK-TDG Maritime 1985 training program for Academy (NTMA) Established Centennial 2004 Japanese graduates of Established maritime academy in Express Company Established NYK Logistics non-maritime colleges and the Philippines to bolster training Railway company estab- (Japan) Co., Ltd. universities, a first for a of seafarers lished in the U.S., a first Integrated the logistics Japanese shipping company for a Japanese shipping 2009 business brands of NYK and 2014 company Launched in-house vessel JIT Corporation Launched Symphony Project operator certification Provided next-generation solutions for system 1986 2005 finished vehicle logistics Opened logistics Turned Nippon Cargo Aimed to enhance abilities of onshore vessel operators centers Airlines Co., Ltd. (NCA) 2017 into a consolidated • Established Ocean Network 2019 subsidiary Express Pte. Ltd. (ONE) with integration of • Merged two tugboat subsid- iaries to form Shin-Nippon 2010 Japanese liner business companies Kaiyosha Corporation Founded Yusen Logistics • Finished vehicle logistics Co., Ltd. • Turned Yusen Logistics Co., Ltd. into a wholly owned terminal in Belgium. Merged Yusen Air & Sea Service subsidiary Features 300 EV charging Co., Ltd. and NYK Logistics stations, ahead of the (Japan) Co., Ltd. 2018 industry. Installed solar Integrated management of panels, LED lighting, harbor transportation unmanned security gate businesses in Japan system, etc. as of August 31, 2020 40 NIPPON YUSEN KABUSHIKI KAISHA NYK REPORT 2020 Our Approach Our Value Our Progress Initiatives in 2019 Energy Value Chain 2020 Decided to participate in 3D AHEAD started world’s first geophysical survey business international demonstration to Participated in highest upstream transport hydrogen operations in energy value chain 2018 • Announced NYK SUPER ECO SHIP 2050 as a Digitalization and concept ship Green Initiatives 2015 • Issued green bonds, a first for the oceangoing Commenced “Kirari shipping industry MarCoPay Guideline Dojo” (Creative Solutions Logo Type 2019 3#)0/#4$56'6 Workshops) as program MarCoPay のシンボルは、船の窓モチーフと、 • Formed Japan Marine Science世界の７つの海から構成されたマークです。 to develop innovation 窓から次の景色を見わたすという意味、またコ インのイメージでお金を送金するという意味合 Inc. from merger of threeいも込められています。 leaders technology subsidiaries 2018 • Established MarCoPay Inc. as provider