We would like to express our sincere gratitude to you for your continued support of our operations and business.
The NS United Kaiun Group incorporates into our activities, every single day, our fundamental principle of contributing to the development of society by providing trusted and high-quality marine transportation services. In fiscal 2022, the outlook for the global economy became increasingly uncertain owing to soaring resource and energy prices and a shift in monetary policy in various countries in response to ongoing global inflation. The dry bulk market experienced a significant decline temporarily in the latter half of the fiscal year, as the shipping tonnage supplydemand balance eased owing to the slowdown of the global economy and the elimination of demurrage, reflecting the relaxation of quarantine control concerning COVID-19 at ports. In these circumstances, the Company was able to achieve record profit for the second consecutive year, supported by stable earnings from long-term contracts and the progressive depreciation of the yen during the year.
In accordance with the “Basic Sustainability Policy” and our Purpose (corporate mission statement), “Through Marine Transportation, We Will Work Together to Shape the World Today and Create a Sustainable Future,” formulated in 2021, we are promoting environmental, social and governance (ESG) initiatives. As well as promoting research for implementation of vessels that use next-generation fuels, we are pursuing initiatives to strengthen internal resources, including the revision of our personnel system with the aim of enhancing employee engagement. Basing our management on the value model of sustainability, we will continue our efforts to enhance our corporate value from the ESG perspective.
It is our hope that all shareholders will provide even more support, encouragement and cooperation.
President and Representative Director