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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]
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Logistics |
| Founded | 1937 |
| Headquarters | , |
| Owner | Nippon Express Holdings |
| Website | www |
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
editThe 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]
Activities
editAt the end of 2013, Nippon Express Co., Ltd. bought 67 percent of Panasonic Logistics, which is owned by Japanese electronics group Panasonic Corp.[3][4]
Nippon Express indicated in September, 2017, its plan to raise 100 billion yen[5] 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.
- ^ 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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