As always, I would like to start by thanking you all for your continued support.
The NX Group has been implementing various strategies and measures based on its Business Plan 2023 to realize its long-term vision of becoming “a logistics company with a strong presence in the global market" by 2037, the 100th anniversary of the Group’s founding.
Among our accomplishments in this regard have been transitioning to a holding company structure, introducing a Group brand, switching to international accounting standards, promoting new work styles, spinning off our security transport business, and reorganizing the Group’s other businesses, but there are still many issues that need to be addressed if we are to realize our long-term vision.
Perspectives on global supply chains have also changed dramatically with the emergence of geopolitical risks and the experience of the COVID pandemic. One of our key missions as a logistics service provider is contributing to the realization of safe, secure, and sustainable societies, and I feel that the roles required of us grow with each passing year.
Against this backdrop, the NX Group launched a new business plan this year. We will continue pursuing our long-term vision of where we want to be in 2037, and we will be even more strongly committed to achieving this vision.
The three key points in this respect will be accelerating our growth in global markets, restructuring our Japan business, and pursuing sustainability management.
To accelerate the growth of our global business, the first point, we will be supporting our customers' logistics operations on a Group-wide basis using an even more customer-oriented approach. We aim to expand our business domains by providing high-value end-to-end solutions for our customers' supply chains.
We will also accelerate growth by solidifying cooperation with cargo-partner, which joined our Group through M&A.
On the second point, "restructuring our Japan business," we are aiming to become a highly profitable company by appropriately allocating management resources in our mother market of Japan. The emphasis here will be on reviewing our business structures and organizations from a market-oriented approach.
The third point, "sustainability," is the starting point and the base for everything we do. Helping resolve social issues through our business is a role that the NX Group has always played and will continue playing more proactively than ever.
However, the world has already changed to a point where simply continuing to do things the conventional way will not bring about solutions to social issues. Decarbonization and labor shortages are two of the most important social issues for the logistics business.
To resolve these problems, we as logistics providers need to change our own awareness and behavior. Automation, DX and other technologies will be the key to the future, and we will focus our energies on these even as we maintain steady low-key efforts.
Through these endeavors, we will move forward as a Group to contribute to society and create a prosperous future.
We appreciate your continued support and encouragement.
March 2024
President,
Chief Executive Officer and Representative Director
Satoshi Horikiri
