Meiji Shipping Group Co.,Ltd.

The Group operates primarily in the ocean-going shipping business. Its organizational structure comprises 16 consolidated subsidiaries and 15 affiliates, and it seeks to stabilize its management by operating hotel-related and real estate leasing businesses alongside its core ocean-going shipping business. Its 3 segments are Ocean-going Shipping, Hotel-related Business, and Real Estate Leasing, for which it discloses trends in revenue and profit by segment. Its principal businesses are as follows. The Ocean-going Shipping segment is centered on ship chartering, under which the Group, as a shipowner with tramp vessels including tankers, car carriers and bulk carriers, earns charter hire, and it also provides ship management services. The Hotel-related Business segment owns and operates hotels and golf courses at locations throughout Japan. The Real Estate Leasing segment is primarily engaged in leasing buildings it owns to tenants as office premises, as well as real estate sourcing and brokerage services and comprehensive building operations and management conducted through an equity-method affiliate. Segment information is disclosed together with information by geographic region and by customer. Organizational restructurings have also taken place, including changes in the market segment of the listing, a change in the corporate name, and the addition and removal of consolidated subsidiaries.