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Medium-Term Management Plan

Nippon Yusen Kabushiki Kaisha (hereafter, “NYK” ) hereby announces that it will withdraw its earnings and financial targets of fiscal 2018 from its medium-term management plan "More than Shipping 2018 -Stage 2 leveraged by Creative Solutions-" launched in 2014 to cover the 5 years from fiscal 2014 onward. This is in response to the changes in the operating environment as well as the planned merger of its container business with Kawasaki Kisen Kaisha, Ltd. and Mitsui O.S.K. Lines Ltd. Revised targets will be presented at a later date upon review. Key strategies of the medium-term management plan remain unchanged and will be further pursued.