I would like to extend my warmest appreciation to you all for your continued support.
For over 90 years since our predecessor, Nakano Kaisou-ten, was established in Kushiro, Hokkai Transportation Co., Ltd. has woven a fabric of history in which we have overcome a myriad of hardships. We became the company we are today in 1964, when Hokkai Transportation was established as a core group company of Kawasaki Kisen Kaisha Ltd. We now have a fleet of some 1,000 trailers, and with our linchpin of marine transport based on domestic RO/RO ships that place a low burden on the environment and lighten labor needs of crews, we pick up and deliver cargo nationwide, from Hokkaido to Kyushu. Moreover, our business is multifaceted, operating in diverse domains, from import and export customs clearance, to container shipping , air cargo transportation, cargo warehousing, port services, shipping agency services, NVOCC and others. Although not the largest in the industry, as a comprehensive logistics company we play our part in providing the logistics that supports Japan.
In recent years, a falling birth rate in Japan has been the cause of a declining, yet aging population. This is a social issue of deep concern, but we in the logistics industry are of no exception. Against the backdrop of strict adherence to compliance, the overall volume of shipping is in decline, the number of crew members is insufficient, and on-site capabilities are diminishing, among other problems, and it is becoming extremely difficult to meet the needs of customers. Given this situation, in order to safely and securely, steadily and swiftly provide services, together with deploying an even more sophisticated IT logistics system, we are taking the initiative to construct an educational system that will enable each and every employee to take action as professionals that have built up a broad range of knowledge and a high degree of expertise. We are making efforts to open up new demand by creating new business models and expanding to overseas locations.
Hokkai Transportation may have a long history, but we have the freedom and vigor that is the hallmark of a company with a young average age. While passionately speaking our minds, we have the courage not to fear new things and change, and possess the wisdom and orderliness that will enable us to together confront difficulties and lead us into our next 90 years.