Mitsui O.S.K. Lines (9104) Status update summary

Leadership transition and management structure

• A new CEO, Jotaro Tamura, will assume office on April 1, with a collaborative management structure involving CEO, COO, and CFO roles to address the growing scale and complexity of the organization.

• Outgoing President Hashimoto will remain as Chairperson and board member, supporting the transition and execution of ongoing strategies.

• The transition period from April to June will see Hashimoto as Representative Director while Tamura becomes President, before Tamura formally assumes full directorship.

Strategic direction and business plan

• The company is moving from Phase 1 to Phase 2 of its long-term BLUE ACTION 2035 plan, focusing on converting large-scale investments into tangible earnings.

• Emphasis will be placed on executing strategies across all business units and regions, balancing financial discipline, shareholder returns, and new investment cycles.

• Key strategies include business portfolio transformation, environmental initiatives (especially vessel decarbonization), and global business expansion through regional revitalization.

Organizational and cultural transformation

• A significant internal mindset shift from risk-avoidance to growth and offense has been achieved, with changes in compensation, HR systems, and organizational structure.

• The company now values open discussion, motivation, and teamwork, with a focus on nurturing human capital for sustainable growth.