Affiliates
| Ace Creation Co., Ltd. (Tokyo, Japan) Trading Proportion of Voting Rights: 100% https://acedisco.co.jp/index_e.html |
| Toritec Co., Ltd. (Tokyo, Japan) Shipmanagement Proportion of Voting Rights: 60% http://www.toritec.co.jp/ |
| Pacific Line Trading Inc. (Panama, Republic of Panama) Shipowner Proportion of Voting Rights: 100% |
| Kyowa Tienyang Shipping Co., Ltd. (Tianjin, People's Republic of China) Shipping agency Proportion of Voting Rights: 100% |
| Kyowa-Korea Maritime Agency Co., Ltd. (Seoul, Republic of Korea) Shipping agency Proportion of Voting Rights: 100% |
| Marianas Steamship Agencies Inc. (Guam, U.S.A.) Shipping agency, Forwarding Proportion of Voting Rights: 43% http://www.msa-guam.com/ |
| FSM Line Ltd. (Pohnpei, Federated States of Micronesia) Shipping Proportion of Voting Rights: 50% |
| Wespac-Kyowa Shipping Co., Ltd. (Koror, Republic of Palau) Shipping, Shipping agency Proportion of Voting Rights: 50% |
