Nippon Express
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| Company type | Subsidiary |
|---|---|
| Industry | Logistics |
| Founded | 1937 |
| Headquarters | , |
| Owner | Nippon Express Holdings |
| Website | www |
Nippon Express Co., Ltd. (日本通運株式会社, Nippon Tsūun Kabushiki-gaisha, Nittsu) is a global logistics services company. It is based in Tokyo, Japan and is owned by Nippon Express Holdings (TYO: 9147).[1]
As of December 31, 2023, its major shareholders include The Master Trust Bank of Japan (14.5%), Custody Bank Of Japan (7.4%), Asahi Mutual Life Insurance (6.4%), Sompo Japan Insurance (4.1%), and Nippon Express Employees' Shareholding Association (4.6%).
In Japan it is commonly known as 'Nittsu', and some of Nippon Express subsidiaries include 'Nittsu' in their names.
History
[edit]The company was established in 1937 in line with the Nippon Tsu-un Kaisha Law as a semi-government transportation service by pooling the assets of Kokusai Tsu-un KK (International Express Co., Ltd.), which consolidated many of the nation's small-scale rail transport companies, and six other competitors, with additional funding from the Japanese government. After more than a decade of operation the company was fully privatized in the 1950s.[2]
In 1989, Nippon Express had 45,000 employees.[3]
Nippon Express began using its current corporate identity on January 4, 2022.[4]
Activities
[edit]At the end of 2013, Nippon Express Co., Ltd. bought 67 percent of Panasonic Logistics, which is owned by Japanese electronics group Panasonic Corp.[5][6]
Nippon Express indicated in September, 2017, its plan to raise 100 billion yen[7] in debt capital over two years to consolidate several warehouses in the Tokyo, Osaka, and Nagoya regions. The company also planned to install labor-saving equipment, and to build transit warehouses in overseas locations, such as Thailand, Malaysia, and Indonesia.
On January 4, 2022, the company implemented a new brand identity, in accordance with the transition to a holding company structure in the same month. The company has used "NX," the shortened form of NIPPON EXPRESS, as the group brand.
References
[edit]- ^ Kathleen Chu & Katsuyo Kuwako, "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus," Bloomberg (November 26, 2013)
- ^ "History," Nippon Express website.
- ^ "Sharp increase in Nippon Express profits". Business Times (Singapore). Cargonews Asia. May 16, 1989.
- ^ "Notification of Implementation of New Group Branding". Nippon Express. July 16, 2021.
- ^ Mariko Yasu & Grace Huang, "Panasonic Says Ready to Spend $1 Billion on New Deals," Bloomberg (November 11, 2013).
- ^ "EU mergers and takeovers (Nov 21)," Reuters (November 21, 2013).
- ^ "Nippon Express plans to raise 100 bln Yen in debt capital over two years". Reuters. September 5, 2017.
External links
[edit]- Official website
- Official Website (Japanese)
- Nippon Express USA
- "Snapshot for Nippon Express Co Ltd (9062)," Bloomberg.
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