MOL Selected as "Digital Transformation Stock (DX Stock) 2022"

June 08, 2022

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that the company was selected as one of the "Digital Transformation Stocks (DX Stocks) 2022" in a joint program by Japan's Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE).

METI and TSE have teamed up on the "DX Stocks" program, which recognizes companies that have established internal systems to promote digital transformation (DX) leading to increased corporate value and competitiveness over the medium to long term, as well as outstanding achievements in digital initiatives. From the 401 companies that participated in the program this year, 33 were chosen as "DX Stocks 2022."

MOL has engaged in various internal cross-divisional initiatives using ICT and digital technology (Note 1). In particular, its enthusiastic efforts to address new projects using digital technologies to advance safe vessel operation, including the "FOCUS project" (Note 2), and a business to export secondhand agricultural machinery to Africa using its cross-border e-commerce service, "KiliMOL" (Note 3), and other initiatives to enhance in-house digital literacy, were key factors in the selection.

In the FY2022 management plan "Rolling Plan 2022" (Note 4), MOL positions DX as the foundation to support the improvement of its three business strategies (portfolio strategy, environmental strategy, and regional strategy), organizational strength, and workstyle reforms, and lists it as a priority item. (Fig. 1) It continually pushes ahead to advance initiatives on DX toward the realization of MOL Group Vision.

(Fig. 1)

Ministry of Economy, Trade and Industry (METI) press release (Japanese)
https://www.meti.go.jp/press/2022/06/20220607001/20220607001.html

The Tokyo Stock Exchange (TSE) press release (Japanese)
https://www.jpx.co.jp/news/1120/20220607-01.html

(Note 1)
Please refer to the following press release and MOL ICT strategy pages.
April 16, 2022: "MOL Designated as ‘Digital Transformation Certified Business Operator’"
"ICT Strategy"(MOL website link)

(Note 2)
Please refer to the following press releases about initiatives on advancement of safe operation.
April 20, 2022: MOL Unveils New Technology Slogan: 'One mile ahead' - Aiming to Lead the Way in Maritime Technology and Innovation -

[FOCUS Project]

October 15, 2018: Launching of the "FOCUS" Project - Collaborative Innovation Transcending Business Categories; ICT-based, Data-driven Project Aims at Safer Operation and Cleaner Environment -

May 21, 2019: MOL Announces Release of FOCUS Project PartⅠ: 'Fleet Viewer' Application Aimed at Enhancing Ship Management - Stress-free Operation with Big Data Analysis -

December 24, 2019: MOL Starts Joint Study of Next-generation Engine Diagnostic Application - Developing 'Fleet Guardian' Targeting Eradication of Vessel Downtime -

February 21, 2020: Release of FOCUS Project Part Ⅱ 'Fleet Performance' Application Aimed at Monitoring Fleet Performance in Actual Operation -Stress-free Operation with Big Data Analysis-

August 4, 2020: MOL Introduces FOCUS Project Part Ⅲ: Virtual Ship Visit Application 'Fleet Tour' - Reinforcing Use/Application of ICT under COVID-19 Pandemic -

[Autonomous operation technology/advanced safe operation technology]

March 8, 2021: MOL Enhances Function of AR Navigation System to support Vessel Navigation-Enhancement Helps Navigators Avoid Dangerous Shallow Areas-

January 25, 2022: World's First Successful Sea Trial of Autonomous Sailing on a Commercial Container Ship Voyage

February 7, 2022: MOL and Partners Set World Records for Time and Distance in Autonomous Navigation with Sea Trial Using Large Commercial Car Ferry - Follows Successful Trial of Coastal Containership in Autonomous Sailing -

January 26, 2022: NAPA and MOL have rolled out digital Navigational Risk Monitoring Solution on over MOL's 700+ ships

(Note 3)
Please refer to the establishment of KiliMOL.
April 27, 2021: MOL to Establish "KiliMOL" a Cross-Border e-Commerce Service to deliver Used Agriculture Machinery to Africa

(Note 4)
Please refer to FY2022 MOL Management Plan "Rolling Plan"
Outline of Management Plan (Rolling Plan)