Q2 2021 Nippon Yusen KK Earnings Presentation Transcript
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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