Building resilience to market conditions and nurturing the core businesses of the next generation through a portfolio strategy shift
First written in FY2017. 13 of 20 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-05-22.
1 other company's latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「November 2024: The liquefied CO2 carrier NORTHERN PIONEER for Northern Lights was completed.」
For liquefied CO2 transportation, identified as a new business area, progress was made through the completion of the Northern Lights vessel NORTHERN PIONEER. - FY2024AdvancedAnnual report
「February 2024 Signed a charter contract for a third liquefied CO2 vessel for Northern Lights, the world's first full-scale CCS project.」
For liquefied CO2 transportation, which had been identified as a new business area, we signed a charter contract for a third liquefied CO2 vessel for Northern Lights. - FY2023AdvancedAnnual report
「We will concentrate management resources on the steel raw materials, car carrier and LNG carrier businesses, which are businesses that drive growth, with the aim of achieving growth by treating environmental initiatives as an opportunity and making these businesses core pillars of company-wide earnings.」
We gave concrete form to a policy of managing the portfolio by business role and concentrating resource allocation on the steel raw materials, car carrier and LNG carrier businesses as growth-driving businesses. We also set out the expansion of new business areas, such as liquefied CO2 transportation and offshore wind power support vessels. - FY2023-Q2AdvancedAnnual report
「During the three-month consolidated accounting period under review, K LINE OFFSHORE AS, which had been a consolidated subsidiary, completed its liquidation and was therefore excluded from the scope of consolidation.」
Regarding the sale of the vessels and liquidation of K LINE OFFSHORE AS, decided in the previous quarter as part of the portfolio review, liquidation was completed during the quarter under review and the company was excluded from the scope of consolidation. - FY2022ReframedAnnual report
「Under the new business portfolio framework, we classified the roles of our businesses and clarified the strategic direction appropriate to each role. For bulk carriers, we will promote an asset-light model by owning vessels according to the contract period, thereby enhancing the resilience of the businesses concerned to market conditions and securing stable earnings. We will continue to consider strategic replacements of business assets across these 3 portfolios.」
We reorganized the previous framework of expanding stable-earnings businesses and scaling back businesses exposed to market conditions into portfolios categorized by role, including driving growth, supporting the energy transition and strengthening our earnings capacity. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 December 2021, the Company decided to sell all vessels owned by its consolidated subsidiary K LINE OFFSHORE AS and liquidate the company.」
As a specific measure in the portfolio review, we decided to sell all vessels owned by K LINE OFFSHORE AS and liquidate the company. We further advanced the disposal of businesses and assets exposed to market conditions. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 30 April 2021, as part of the portfolio review pursued to date, we decided to transfer all shares of CENTURY DISTRIBUTION SYSTEMS, INC. held by us, a consolidated subsidiary, to an investment fund managed by Sun Capital Partners, Inc. (hereinafter, “SUN”), and entered into a share transfer agreement. Under the agreement, all shares were transferred on 1 June 2021.」
Following the transfer of ITS, all shares of CDS, in the product logistics segment, were transferred on 1 June 2021. We advanced the portfolio review to the sale of businesses including buyers' consolidation, NVOCC operations, inland transportation and warehousing. - FY2021-Q3AchievedAnnual report
「During the three-month consolidated accounting period under review, we transferred all shares of INTERNATIONAL TRANSPORTATION SERVICE, INC. (hereinafter, “ITS”), a container terminal company on the US West Coast and a consolidated subsidiary, and excluded it from the scope of consolidation.」
As part of the portfolio strategy pursued to date, we gave concrete form to a review of the group company strategy accompanying the transfer of the containership business to ONE and completed the transfer of all ITS shares. - FY2021-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 5 August 2020, we decided, as part of the integration of the containership business, to transfer all shares of INTERNATIONAL TRANSPORTATION SERVICE, INC., a container terminal company on the US West Coast and a consolidated subsidiary, to MIP V BidCo, LLC, subject to approval by the relevant authorities.」
As part of the review of the asset composition accompanying the portfolio shift and the integration of the containership business, we restated the decision to transfer all shares of a container terminal company on the US West Coast. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 5 August 2020, we decided, as part of the integration of the containership business, to transfer all shares of INTERNATIONAL TRANSPORTATION SERVICE, INC., a container terminal company on the US West Coast and a consolidated subsidiary, to MIP V BidCo, LLC, subject to approval by the relevant authorities.」
As a specific measure to review the asset and business composition of businesses exposed to market conditions, we decided to transfer all shares of a container terminal company on the US West Coast in connection with the integration of the containership business. - FY2020-Q3RestatedAnnual report
「In the dry bulk segment, although there are concerns about the impact of the slowdown in the Chinese economy on cargo movements, we will continue efforts to improve operating efficiency, reduce costs and reduce exposure to market conditions.」
As part of the portfolio shift, we stated that we would continue improving operating efficiency, reducing costs and reducing exposure to market conditions in order to mitigate their impact. - FY2019AdvancedAnnual report
「In fiscal 2018, as part of a shift in our business portfolio strategy, we announced the establishment of a joint holding company by our 3 domestic port transportation subsidiaries and the transfer of part of the shares to Kamigumi Co.,Ltd. The transfer was completed on 1 April 2019. We also decided to commercialize Japan's first LNG bunkering business for vessels, with the aim of developing a next-generation core business to drive growth.」
As part of the portfolio shift, we proceeded with the establishment of a joint holding company for our domestic port transportation business, the partial transfer of shares, and the commercialization of an LNG bunkering business for vessels. - FY2019-Q1ReframedAnnual report
「This resulted from restructuring the Group's business portfolio to build a new business model closely aligned with its customer base following the integration of the container shipping business into OCEAN NETWORK EXPRESS PTE. LTD.」
Following the integration of the container shipping business, the Company changed its reporting segments to Dry Bulk, Energy Resources, Product Logistics and Other, and restructured its portfolio to align with a new business model closely connected to its customer base. - FY2018AdvancedAnnual report
「In fiscal 2017, while selling the heavy-lift shipping business, the Company pursued initiatives to achieve its targets, including launching finished-vehicle logistics services in the Philippines and Chile, participating in the FPSO business off Ghana, and expanding its stable earnings base by securing a coal COA for power generation in Malaysia from Tenaga.」
The Company gave concrete form to its portfolio shift by selling the heavy-lift shipping business, launching finished-vehicle logistics services in the Philippines and Chile, participating in the FPSO business off Ghana and securing a coal COA in Malaysia. - FY2018-Q3RestatedAnnual report
「As stated in the notice titled "Notice Regarding the Transfer of Equity Interests Involving a Change in a Consolidated Subsidiary" announced in July 2017, the Company transferred all equity interests in SAL Heavy Lift GmbH, which operates the relevant business, to SALTO Holding GmbH & Co. KG.」
The transfer of all equity interests in SAL Heavy Lift GmbH was restated as a measure to reduce businesses exposed to market conditions. There was no new change in the implementation status of the business withdrawal confirmed through the second quarter. - FY2018-Q2AdvancedAnnual report
「As stated in the notice titled "Notice Regarding the Transfer of Equity Interests Involving a Change in a Consolidated Subsidiary" announced on 26 July, the Company transferred all equity interests in SAL Heavy Lift GmbH, which operates the relevant business, to SALTO Holding GmbH & Co. KG.」
As part of the portfolio shift to reduce businesses exposed to market conditions, the Company transferred all equity interests in SAL Heavy Lift GmbH, which operates the heavy-lift shipping business, giving concrete form to its withdrawal from the business. - FY2018-Q1AdvancedAnnual report
「As stated in the notice titled "Notice Regarding the Transfer of Equity Interests Involving a Change in a Consolidated Subsidiary" announced on 26 July, the Company decided to transfer all equity interests in SAL Heavy Lift GmbH, which operates the relevant business, to SALTO Holding GmbH & Co. KG.」
As a specific measure in the portfolio shift to reduce businesses exposed to market conditions, the Company decided to transfer and completed the transfer of all equity interests in SAL Heavy Lift GmbH, which operates the heavy-lift shipping business. - FY2017First statedAnnual report
「During the 3 years from fiscal 2017 through fiscal 2019, the Company intended to pursue the following important themes. ① Portfolio strategy shift: The key pillars of the portfolio strategy shift were to thoroughly strengthen and expand stable-earnings businesses and develop the next core businesses for growth, while reducing businesses exposed to market conditions, enhancing and expanding medium- to long-term contracts, completing the integration of the container shipping business and thoroughly implementing cost reductions.」
The Company first explicitly identified the company-wide portfolio shift of expanding stable-earnings businesses and reducing businesses exposed to market conditions as an important theme for fiscal 2017 through fiscal 2019.