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Nippon Express
TypeSubsidiary
IndustryLogistics
Founded1937; 85 years ago (1937)
Headquarters,
OwnerNippon Express Holdings
Websitewww.nipponexpress.com

Nippon Express Co., Ltd. (日本通運株式会社, Nippon Tsūun Kabushiki-gaisha, Nittsu) is a Japanese global logistics services company. It is based in Tokyo and is owned by Nippon Express Holdings (TYO: 9147).[1]

Its shareholding is dominated by banks and financial institutions mostly related to the Mizuho (Mizuho Financial Group) and Sumitomo Mitsui (SMFG) Keiretsus.

In Japan it is commonly known as 'Nittsu', and some of Nippon Express subsidiaries include 'Nittsu' in their names.

logo until 2022
logo until 2022

History

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 then a decade of operation the company was fully privatized in the 1950s.[2]

Activities

In 2017, Nippon Express annual revenues exceeded US$16 billion, making it one of the top five global logistics services providers. Nippon Express has a strong global network that spans over 40 countries, with company direct operations in 33 nations.

At 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 to plan to raise 100 billion yen ($912 million) in debt capital over two years to consolidate several warehouses in the Tokyo, Osaka and Nagoya regions and install labor-saving equipment, and to build transit warehouses in overseas locations, such as Thailand, Malaysia and Indonesia, taking advantage of low interest rates to cope with a deepening shortage of workers (source: Nikkei and Reuters).

References

  1. ^ Kathleen Chu & Katsuyo Kuwako, "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus," Bloomberg (November 26, 2013)
  2. ^ "History," Nippon Express website.
  3. ^ Mariko Yasu & Grace Huang, "Panasonic Says Ready to Spend $1 Billion on New Deals," Bloomberg (November 11, 2013).
  4. ^ "EU mergers and takeovers (Nov 21)," Reuters (November 21, 2013).