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Our company has been selected as one of the grant recipients for the "Promotion of SAF Utilization in Air Cargo Transport for Corporate Scope 3 Response" project implemented by Tokyo Metropolitan Government, continuing from last year. This project, which aims to reduce CO₂ emissions across the entire supply chain, will be carried out by the Tokyo Metropolitan Government starting in the fiscal year 2024. It provides grants to cover the additional costs incurred when shippers use SAF in air cargo transport. The SAF usage in air cargo transport, implemented through selected freight forwarding agents, will be eligible for the grant. Our company will utilize this grant system until the end of March 2026 to promote air cargo transport using SAF, aiming to expand the use of SAF and contribute to the realization of a decarbonized society on a global scale. For more details regarding this matter, please contact our company.

"K" Line Logistics (UK) Ltd. has obtained AEO certification from HM Revenue & Customs (UK Customs and Revenue) as of October 17, 2024. This AEO certification, known as AEO-F, allows for both simplified customs procedures and preferential treatment for security and safety management, and it follows the certifications of EN9120 and ISO9001 already obtained from BSI (British Standards Institution). Moving forward, "K" Line Logistics (UK) Ltd. will continue to provide safe, secure, reliable, and high-quality transportation services to our customers.

We have signed a contract with All Nippon Airways Co., Ltd. (hereinafter referred to as ANA) for the "SAF Flight Initiative," which aims to reduce CO₂ emissions in air transportation through the use of SAF. SAF is a new alternative fuel that contributes to achieving carbon neutrality in air transportation. The "SAF Flight Initiative" is a partnership program aimed at contributing to sustainable future air transportation by promoting the procurement and use of SAF, with the goal of further spreading SAF. Our company has made efforts to address decarbonization and environmental issues a key management priority. As a forwarder providing international transportation services, aircraft are an essential means of transport, and we believe that this contract will contribute to the decarbonization of aviation. We will continue to provide international transportation services that can help reduce greenhouse gas emissions and contribute to the preservation of the global environment. ?? What is SAF ?? It stands for Sustainable Aviation Fuel, a sustainable aviation fuel made from raw materials such as used cooking oil and biomass.

We are pleased to announce that our company has been selected as a recipient of the subsidy for the "Promotion of the Use of SAF in Air Cargo Transportation for Companies' Scope 3 Response" project implemented by Tokyo Metropolitan Government. To promote the reduction of CO2 emissions across the entire supply chain, the Tokyo Metropolitan Government has launched a subsidy program to support local companies that are working on decarbonization by utilizing SAF in air cargo transportation, and has publicly solicited freight forwarding companies to become subsidy recipients. Our company applied for this subsidy program and, after a rigorous review process, was selected as a recipient. Moving forward, we will leverage the Tokyo Metropolitan Government's subsidy until the end of March 2025 to further advance air cargo transportation using SAF, contributing to the expansion of SAF usage and the decarbonization of the planet. For more details, please contact our sales representative. SAF stands for Sustainable Aviation Fuel, which is a sustainable aviation fuel made from raw materials such as waste cooking oil and biomass.

An interview article about our company's use of the "Trade Compass" system from Deloitte Tohmatsu Tax Co. has been published. It includes details on how our company implemented the system and examples of its application within our organization. If you are facing challenges with the numerous FTA options or tariff rate investigations, we utilize this system to provide proposals to our clients. Please take a look at the interview article. https://www2.deloitte.com/jp/ja/pages/tax/articles/tax-finance/dtgtb-interview1.html