NYK REVIEWS BUSINESS PROCESSES AND ORGANIZATION

   The NYK group has completed the initial stage of a large-scale corporate program to review business processes and organization.
    The program, named "breakthrough 21," aims to "build a resilient corporate structure by overcoming our weaknesses and further developing our strong points," a spokesman for NYK said.
    The plan calls for innovation and concerted efforts of all personnel.
NYK said that it will implement the program on a full scale.
    The NYK group has formed eight working groups and two ad hoc committees to review processes and set targets.
    The working groups are named: non-liner business reinforcement; "black-ink" liner business; logistics strategy; group management; personnel and education policy; safe operation management; finance reinforcement; and technical group.
    "We are now entering a stage where we are being tested as to whether or not we can really bring about the changes we are committed to making" said Jiro Nemoto, chairman of NYK.