Code No. 9101 TSE Prime Market

The 137th NYK Group

Interim Report Fiscal Year 2023

From April 1, 2023 to September 30, 2023

Greetings from the President

I would like to thank all of our company's shareholders and investors for your continued support.

During the first half of the current fiscal year, the consolidated recurring profit amounted to ¥159.2 billion, exceeding the forecast at the beginning of this fiscal year by ¥46.7 billion. Although there was a large year-on- year decrease in profit of the Liner Trade Business, which was due to easing of supply chain disruptions caused by the COVID-19 pandemic and a decrease in cargo movements, strong performance was maintained in the Automotive Business, backed by a recovery in production volumes for completed vehicles and solid sales demand in every country, and solid market conditions in the Energy Business.

The NYK Group is conducting its corporate activities based on a framework of five transformations (ABCDE-X), comprising our business strategies based

on the opportunities and risks in each business, namely, Ambidextrous Management (AX) and Business Transformation (BX), our Corporate Transformation encompassing talent, organization, and group management (CX), our Digital Transformation (DX), and our Energy Transformation to achieve net zero (EX) set in our medium-term management plan "Sail Green, Drive Transformations 2026 - A Passion for Planetary Wellbeing", a four-year action plan through to fiscal year 2026, aimed at realizing the Group Vision, "We go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones."

Our financial strategy is to make business investments on approx. ¥1.2 trillion by fiscal year 2026, and at the same time, implement shareholder returns focused on improving capital efficiency. In August 2023, as part of the shareholder returns, we decided to acquire treasury stock of ¥200 billion (upper limit) within the acquisition period until April 30, 2024.

Through steady implementation of these measures in our medium-term management plan, we will further evolve our ESG strategy and aim to become a group that contributes to society, is needed by society, and achieves sustainable growth.

November 2023

Takaya Soga

President, Representative Director

Major financial highlights (Consolidated)

(1) Revenues

(2) Recurring profit (loss)

(3) Profit (loss) attributable to owners of parent

(In 100 million yen)

Interim

Full-year

30,000

22,800

24,000

(forecast)

18,000

12,000

11,683

6,000

0

The 134th term

The 135th term

The 136th term The 137th term

FY2020

FY2021

FY2022

(current term)

FY2023

(4) Total assets

(In 100 million yen)

Six months-end

Year-end

45,000

40,189

36,000

27,000

18,000

9,000

0

The 134th term

The 135th term

The 136th term The 137th term

FY2020

FY2021

FY2022

(current term)

FY2023

(In 100 million yen)

Interim

Full-year

13,000

10,400

7,800

5,200

2,350

2,600

(forecast)

0

1,592

The 134th term

The 135th term

The 136th term The 137th term

FY2020

FY2021

FY2022

(current term)

FY2023

(5) Shareholders' capital/Equity ratio

(In 100 million yen)

Six months-end

Year-end

Equity ratio

(%)

25,000

21,661

100

20,000

65.9%

80

15,000

60

10,000

40

5,000

20

0

The 134th term

The 135th term

The 136th term The 137th term

0

FY2020

FY2021

FY2022

(current term)

FY2023

(In 100 million yen)

Interim

Full-year

13,000

10,400

7,800

5,200

2,200

2,600

(forecast)

1,133

0

The 134th term

The 135th term

The 136th term The 137th term

FY2020

FY2021

FY2022

(current term)

FY2023

(6) D/E Ratio

3.0

2.5

2.0

  1. 0.27
  • The 134th term The 135th term The 136th term The 137th term (current term)

FY2023FY2020 FY2021 FY2022

Notes: 1. Fractions of amounts are rounded down.

2. The full-year forecasts for the current term are indicated only for items (1) to (3).

Segment results (April 1, 2023 to September 30, 2023)

(In 100 million yen)

Liner & Logistics

Bulk Shipping

Others

Liner Trade

Air Cargo Transportation

Logistics

Bulk Shipping

Real Estate

Other

The 135th

Revenues

940

897

3,773

4,569

24

717

Interim term

Recurring profit (loss)

2,903

330

284

477

12

(17)

The 136th

Revenues

1,012

1,239

4,744

6,164

17

1,252

Interim term

Recurring profit (loss)

5,666

439

371

1,185

8

14

The 137th

Revenues

1,117

778

3,386

5,928

15

1,067

Interim term

Recurring profit (loss)

467

3

137

1,031

7

1

Ratio of revenues

9.1%

6.3%

27.5%

48.3%

0.1%

8.7%

(current interim term)

42.9%

48.3%

8.8%

Notes: 1. The above segment results show figures before elimination of internal transactions between segments.

  1. General and administrative expenses and non-operating expenses not attributable to specific segments are recorded as corporate expenses and not included in the above figures.
  2. Starting from the 137th term, the calculation methods for the amounts of interest, etc. attributable to each segment were changed in order to more appropriately reflect the operating results of each segment. This has no impact on revenues of each segment. For the interim term of the 136th term, the figures presented for recurring profit (loss) were revised based on the calculation method after the change.

Summary of consolidated balance sheet

(as of September 30, 2023)

(In million yen)

Summary of consolidated

statement of income

(In million yen)

Assets

Current assets

686,899

Non-current assets

3,331,787

Vessels, property, plant

1,252,265

and equipment

Intangible assets

44,402

Investments and other

2,035,119

assets

Deferred assets

273

Total assets

4,018,960

Liabilities

Current liabilities

544,358

Non-current liabilities

785,887

Total liabilities

1,330,246

Equity

Shareholders' capital

2,166,133

Accumulated other

481,053

comprehensive income (loss)

Non-controlling interests

41,527

Total equity

2,688,714

Total liabilities and equity

4,018,960

Revenues

1,168,335

Operating profit

98,786

Recurring profit

159,297

Extraordinary income

20,117

Extraordinary losses

1,771

Profit attributable to owners of parent

113,390

Summary of consolidated

statement of cash flows

(In million yen)

Net cash provided by (used in) operating activities

254,256

Net cash provided by (used in) investing activities

(134,572)

Net cash provided by (used in) financing activities

(173,472)

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Nippon Yusen KK published this content on 27 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2023 08:48:35 UTC.