Q2 2021 Nippon Yusen KK Earnings Presentation Transcript

Nov 05, 2020 / 06:00AM GMT

Transcript

Hitoshi Nagasawa

Nippon Yusen Kabushiki Kaisha - President, Executive Chief of ESG Management, CEO & Representative Director

Thank you for joining us for today's explanation of the second quarter results fiscal year 2020.

Before starting my detailed explanation, I would like to reflect briefly on the first half. At the beginning of the year, the COVID-19 pandemic was expected to have a huge impact on the bottom line in the container and car transportation businesses and our goal was to do whatever it took to just secure a profit.

However, as it turned out, in the container business, although cargo volumes declined as forecast, capacity was adjusted in line with the demand. And as a result, it was possible to maintain the freight rate levels. In Air Cargo Transportation,

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