Japan Shipbuilding: Japan Growth Strategy Council: Reaffirms shipbuilding importance from an economic security perspective

研报英文原文证据摘录

Japan Shipbuilding: Japan Growth Strategy Council: Reaffirms shipbuilding importance from an economic security perspective

Equity Research

26 June 2026 | 12:01AM JST

Japan Shipbuilding: Japan Growth Strategy Council: Reaffirms

shipbuilding importance from an economic security perspective

Materials from the fifth meeting of the Japan Growth Strategy Council, held on June Norihiro Miyazaki

+81(3)4587-9842 |

24, were disclosed (link, Japanese only). We summarize the Japanese government’s norihiro.miyazaki@gs.com

Goldman Sachs Japan Co., Ltd.

view of current conditions as presented in its draft of a Public-Private Investment

Ryohei Kurita

Roadmap, government targets and specific policy proposals, and the implications for +81(3)4587-1799 |

our Japanese shipbuilding coverage (Namura Shipbuilding, Mitsui E&S, and Tokyo ryohei.kurita@gs.comGoldman Sachs Japan Co., Ltd.

Keiki). All three companies operate businesses that are important from the

perspective of Japan’s economic security in our view, and we will be watching their

business development leveraging future policies. We maintain our Buy rating on all

three companies.

n Next-generation vessels: The shipbuilding industry is vital to ensuring a stable

supply of commercial vessels for maritime transport of food and other goods, as

well as vessels for defense. However, current domestic shipbuilding volume is

below demand from Japanese shipowners and operators. Demand for

next-generation vessels (e.g., zero-emission ships) is poised to increase in the

medium to long term, presenting a potentially game-changing opportunity in the

shipbuilding market. Leveraging technologies related to next-generation vessels,

the government aims to double shipbuilding volume by 2035 compared to 2024