To our valued shareholders and investors, we hope this message finds you in good health and prosperity. We would like to express our sincere gratitude for your continued support and patronage of our group’s business activities.

Our group operates as a comprehensive logistics company centered on port transportation services at the Port of Nagoya, boasting one of the port’s largest warehouse storage capacities and transportation capabilities, with an impressive track record in cargo handling. Our business network extends from our Tokyo Branch to throughout Japan, from Hokkaido to Kyushu, and internationally across the U.S.A., Europe, and Asia, providing global-scale logistics services.

In today’s global economy, logistics has become part of the essential infrastructure for society. Our group provides sophisticated and diverse logistics services by leveraging not only our extensive hardware infrastructure but also our human resources and IT systems as valuable software assets.

While pursuing our public mission in logistics, our management and all employees are committed to further developing our business to meet your expectations. We respectfully ask for your continued understanding and support.

Hiroshi Takahashi, President, Legal Representative, and Managing Executive Officer

From the perspective of ensuring sound management, transparency, and efficiency, we strive to establish and develop optimal corporate governance structures to respond to the trust of our shareholders. We maintain a management system capable of making prompt decisions to respond nimbly to changes in the business environment, while also focusing on timely and appropriate disclosure.

We maintain and strengthen management soundness through enhanced auditor functions, including external auditors, while reinforcing the supervisory function of the Board of Directors by increasing the ratio of outside directors, thereby enriching our corporate governance structure. Additionally, we have established a managing executive officer system with delegated authority to clearly define responsibilities and roles related to business operations, strengthening our operational execution system and enabling agile decision-making.

(1) Board of Directors
The Board of Directors meets once a month, as a rule, and deliberates and resolves matters stipulated by laws, regulations, articles of incorporation, and board rules. To enhance management transparency and further strengthen the corporate constitution, we have appointed two outside directors who provide advice from a broad perspective not limited to our industry, leveraging their extensive knowledge and insight in corporate management to strengthen the supervisory functioning for operations.

(2) Board of Auditors
We have adopted an auditor system with four auditors, three of whom are external, to enhance audit impartiality. These auditors attend important meetings including board meetings to audit operations, legal compliance, decision-making, and internal controls, and actively investigate group companies.

(3) Management Review Council
The Management Review Council, composed of senior managing executive officers and standing auditors, meets twice a month, as a rule, to conduct preliminary reviews of important matters to be submitted to the Board of Directors and Regular Executive Meetings.

(4) Regular Executive Meetings
Regular Executive Meetings, comprising standing directors, executive officers, and standing auditors, are held twice a month, as a rule, to deliberate important matters delegated by the Board of Directors, ensuring accurate and prompt management decisions.

(5) Group Management Conference
The Group Management Conference, consisting of standing directors, senior managing executive officers, standing auditors, and the top management of group companies, meets once a month in principle to share information on group organization management, business conditions, and investment plans.

(6) Nomination and Compensation Advisory Committee
The Nomination and Compensation Advisory Committee consists of three directors selected by Board resolution, with a majority being independent outside directors. It deliberates important matters concerning the nomination and compensation of directors and executive officers in response to Board inquiries, and reports or makes recommendations to the Board.

＞　Corporate Governance Report