Monotaro

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MonotaRO Co.,Ltd.
Traded as TYO: 3064
Industry Internet, online retailing
Founded October 19, 2000 (2000-10-19)
Headquarters Amagasaki, Hyogo, Japan
Key people Masaya Suzuki (President)
Revenue ¥34.556 billion (FY2013) [1]
Operating income ¥3.885 billion (FY2013) [1]
Net income ¥2.289 billion (FY2013) [1]
Total assets ¥14.505 billion (FY2013) [1]
Total equity ¥7.282 billion (FY2013) [1]
Parent W. W. Grainger, Inc.
Website www.monotaro.com
ihc.monotaro.com
www.monotaro.sg

MonotaRO Co., Ltd., is a Japanese e-Commerce company of industrial supply products based in Hyogo, Japan. The company was named to Forbes Asia "Best Under A Billion" list in 2013.[2]

Overview[edit]

MonotaRO sells Maintenance, repair, and operations products through internet and catalogs, targeting small and mid-sized manufacturing companies. MonotaRO sells various product categories such as Personal protective equipment, hand tools, fasteners, and lab supplies. It has more than 1 million customers in Japan.

The company name MonotaRO is an acronym for Maintenance, Repair & Operations. It also means to have sufficient number of products in Japanese. It is also a play on the name of the Japanese hero Momotaro.

Global expansion[edit]

In 2013, MonotaRO began web-based sales in Singapore. In 2014 web-based sales expanded to Malaysia, Thailand, and Australia.

History[edit]

  • 2000 - Sumitomo and W. W. Grainger, Inc. founded a company as joint venture in Japan
  • 2001 - Website launch, which began and nationwide sales
  • 2004 - Start selling private label (MonotaRO, Otokomae-MonotaRO, and Osaka-Spirit)
  • 2006 - Launch IHC MonotaRO, targeting private use customers
  • 2006 - Listed on the Tokyo Stock Exchange
  • 2009 - W. W. Grainger, Inc. acquired a majority ownership of the company [3]
  • 2013 - Started service in Singapore
  • 2014 - Started service in Malaysia, Thailand, and Australia

References[edit]

External links[edit]