NS United Kaiun Kaisha : REPORT 2023 （FOR PRINTING）

For the fiscal year ended March 31, 2023

NS United Kaiun Group has built the U Brand, a symbol of security and trust, which is added value that we offer through engaging in long-term business relationships with various customers.

Recognizing that enhancing the U Brand that connects us with all stakeholders will help increase our corporate value and achieve sustainable growth, we are committed to sustainability management through promoting initiatives to address material issues.

We constantly review and update what brings competitiveness and differentiating factors for future growth in response to changes in the business environment, with a particular focus on boosting investments in human resources and other intangibles while expanding cooperation with stakeholders to attain shared goals.

The Group will continuously enhance its strength with the aim of contributing to the development of society and ever-higher living standards of people today and the future.

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Purpose

Through Marine

Transportation, We Will

Work Together to Shape the

World Today and

Create a Sustainable Future.

Basic Philosophy

The NS United Kaiun Group will contribute to the development of society by providing trusted and high-quality marine transportation services.

Brand: a symbol of security and trust

Assured

safe navigation

Environmentally friendly marine transportation

Fine-tuned customer service

		Basic Sustainability Policy
E				S		G
Environm	al Policy	Human	Policy	Basic Anti-	Policy
D&I Action Guideline	Basic Internal Controls Policy
			Materiality
Safe navigation			Environmental conservation		Customer satisfaction
Technological innovation		Securing and developing		Corporate governance
	human resources

NS UNITED REPORT 2023

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INDEX

Contents

PART 1	NS United Kaiunʼs Value Creation Story	05
	Message from the President	06
	History of the Company	10
	Value Creation Process	12
	Sustainability Priority Issues	14
	Value Creation Strategies	16
	Financial Strategy	18
	At a Glance The NS United Kaiun Group in Numbers	20
PART 2	NS United Kaiunʼs Value Creation -Materiality Topics-	21
	Topic 1	Safe navigation	22
		Maximizing the Potential of a Diverse Workforce to Build Sustainable Safety Management Systems
	Topic 2	Environmental conservation	26
		Advancing toward High Goals of Achieving Carbon Neutral Marine Transportation Services
	Topic 3	Technological innovation	28
		Innovating Future Ship Technologies Together with Stakeholders
	Topic 4 Securing and developing human resources	30
		Promoting Personnel System Reform in the Time of Changes
	Topic 5	Corporate Governance	32
		Pursuing the Diversity of Core Personnel
PART 3	NS United Kaiunʼs Value Creation -Business, ESG, Finance-	35
	Business Overview and Strategies	36
	Sustainability	42
	Environment	44
	Social		49
	Corporate Governance	54
	Directors, Audit & Supervisory Board Members and Executive Officers	59
	Financial & Non-financial Data	60
	Glossary		62
	Corporate Profile	63

Editorial Policy

This report explains to all stakeholders, using both financial and non-financial information, how the NS United Kaiun Group fulfills its social responsibilities, including ESG commitments, as well as pursuing corporate profits by providing marine transportation services.

In editing this report, we have referred to the Guidance for Integrated Corporate Disclosure and Company-InvestorDialogues for Collaborative Value Creation of the Ministry of Economy, Trade and Industry. Our goal is to provide a deeper understanding of the Group's strategy for sustainable growth. In addition to this report, other information is available on our website.

• Media for information disclosure
  General Website

Financial		Integrated repor		Corporate
information			profile
results			report
	Securities repor
	Quarterly	Materials for
		general	Corporate
	Financial	shareholder
	meetings	governance
		disclosures

Detail

Non-financial

• Period Covered

April 1, 2022 through March 31, 2023

Please note that some matters that fall outside this period are also reported. Fiscal years referred to in this report cover the period from April 1 to March 31. Fiscal 2022 refers to the fiscal year ended March 31, 2023.

• Organizations Covered

NS United Kaiun Group, and related affiliates

Forward-Looking

Statements

The forward-looking statements in this report, including performance forecasts, plans, and business strate- gies, are based on information available at the time and are subject to risks and uncertainties. Please note that actual business results could differ substantially due to several fac-

NS United Kaiun Website

https://www.nsuship.co.jp/en/

tors, including changes in the business environment.

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PART 1

VALUE CREATION STORY

NS United Kaiunʼs Value Creation Story

NS UNITED REPORT 2023

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