MOL's ferry and domestic transport network links major consumer markets and industrial zones nationwide. We are strengthening our business base while strategically boosting group-wide power and competitiveness by proactive consolidation and restructuring of group companies. Thus, our Group plays an important role in Japan's domestic logistics. Amid growing concern about the environment, the Group also cotributes to environmental protection in respect of both people and cargo movements, by promoting the modal shift and providing an environmentaly superb transportation method with its confortable and graceful onboard service.

<Business Performance during FY2008>
In the ferry and domestic transport business, as part of our core business strategy, we have proactively consolidated and restructured group companies to enhance competitiveness, creating group-wide strength and synergy. Earnings in this sector were flat during the second half of the fiscal year, but skyrocketing bunker prices in the first half reduced profits and the slowdown of the global economy had a huge impact on the physical distribution business in Japan. Our group companies were acutely affected by these factors....more