Namura Shipbuilding Co.,Ltd.

The Group consists of Namura Shipbuilding Co.,Ltd. (the Company), 13 subsidiaries and 3 affiliates. Its principal businesses are the manufacture and sale of ships, machinery and steel structures, ship repair, and related operations. Its segments comprise New Shipbuilding, Ship Repair, Steel Structures and Machinery, and Other, with operations covering shipbuilding and repair, the manufacture and sale of steel structures and marine machinery, software development and information-equipment sales, facility maintenance and security services, tugboat operations and other businesses for customers in Japan and overseas. The Group has begun large-scale capital investment supported by government assistance for the development and introduction of production facilities for zero-emission ships and other equipment using GX Economic Transition Bonds. It aims to achieve zero emissions by around 2050 to reduce GHG emissions and establish a production structure in which zero-emission ships account for 100% of construction. Global newbuilding orders remain at high levels, and the Group plans to continue supporting domestic shipyards and marine-equipment manufacturers in adopting alternative-fuel vessels and related technologies. In Ship Repair, it is strengthening facilities and technologies by leveraging strategically important locations, while in Steel Structures and Machinery it is seeking to expand orders for large projects and improve productivity. Financially, it is considering stable funding and optimization of its capital structure to support future growth investment and prepare for economic downturns.