On March 30, 2022, MarCoPay Inc.*, which is operated by NYK, theTransnational Diversified Group (TDG), and Marubeni Corporation (President and CEO : Masumi Kakinoki), entered into a new investment with MUFG Bank, Ltd. (President and CEO : Junichi Hanzawa, hereinafter "MUFG Bank"), and agreed to aim for joint business creation through the strategic partnerships among the four companies in the future.

MarCoPay Inc. was established in July 2019 with the aim of solving the problems that seafarers, their families and stakeholders face and supporting and enriching their lives. Currently, MarCoPay Inc. is mainly targeting seafarers of Philippines, where most crew members call home. MarCoPay Inc. is developing the "MarCoPay", a financial platform for seafarers that introduces various types of loans and insurances with favorable conditions, as well as the provision of eMoney salaries and remittance and exchange functions via mobile apps. MarCoPay Inc. continues to expand and evolve its capability as a platform for supporting seafarers' life stages by providing services that match their economic potential under better conditions.

With the investment participation of MUFG Bank, a leading global financial institution in Japan, which also operates a banking business in the Philippines, MarCoPay Inc. aims to build and expand new services such as savings and investment in addition to expanding existing services by strategically utilizing its know-how such as credit scoring** and collaborating with financial services in the Philippines. Over the medium to long term, by further improving the quality and expanding the functions of the financial platform, MarCoPay Inc. aims to circulate the value of the seafarers' community throughout the maritime industry and realize sustainable maritime transport. At the same time, MarCoPay Inc. will work to resolve social issues such as access to financial services in Southeast Asia, including the Philippines.

On February 3, 2021, NYK released the “NYK Group ESG Story,” which aims to further integrate ESG into the company’s management strategy and promotes activities that contribute to the achievement of the SDGs through business activities. On March 24, 2022, NYK released the updated “NYK Group ESG Story 2022,” which introduces initiatives for integrating ESG into the Group’s management strategies set forth in the "NYK Group ESG Story" and provides a partial explanation of the Group’s sustainable growth strategy from a long-term perspective. To strongly promote ESG management, NYK will continue to create new value as a Sustainable Solution Provider.

<The NYK Group ESG Story>
A guideline detailing concrete efforts to integrate ESG into management strategies of the NYK Group.
Details: https://www.nyk.com/english/news/2021/esg-story_01.html

<The NYK Group ESG Story 2022>
Details: https://www.nyk.com/english/news/2022/20220324_01.html

*MarCoPay Inc.
A venture company established in Manila, Philippines, in 2019 with the aim of solving the financial challenges faced by seafarers and related parties by building a platform that will lead to the stability and continued growth of seafarers who support the shipping industry. The fintech company now provides financial services, including electronic currency, through a mobile app, and is funded by NYK, TDG, and Marubeni Corporation. Website: https://www.marcopayinc.com

**Credit scoring
A system for scoring credit risks of companies and individuals by evaluating their financial and attribute information.