NYK needs more focus, not differentiation – and not keeping its investors in the dark

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Dateline: 16 April: “Good morning. I’m Tadaaki Naito, and I have been appointed as the new president of NYK Line as of today. I’d like to take this opportunity to share with you my thoughts as I step up to this new position.”

However, Mr Naito didn’t get off to the greatest of starts – at least on the evidence of NYK’s share performance since he took office. Enthusiasm was shortlived – after a four-week rise, during which NYK stock almost ...