This transaction is a change of the shareholder from our point of view and our company will continue to exist as Japanese airline as before. have reached a basic agreement on the transfer of all shares of our company held by Nippon Yusen Kabushiki Kaisha, a 100% shareholder of our company, to ANA HOLDINGS INC. On March 7, 2023, it was announced that Nippon Yusen Kabushiki Kaisha and ANA HOLDINGS INC. All executives and employees will strive to comply with laws, regulations, and rules, and to reinforce safety awareness. We formulated and implemented various measures to prevent reoccurrences and to enhance our safety management. NCA received the Business Improvement Order and the Operations Improvement Order from the MLIT due to the violations of Civil Aeronautics Law of Japan on July 2018.

During that time, we have received the continual support of our customers, stockholders, and clients, and we have been able to remain accident-free. I would like to express my sincere gratitude to everyone for your continual assistance and cooperation.įlight operations to the United States began in 1985, and over the years Nippon Cargo Airlines (NCA) has been the only international cargo airline based in Japan.