Nippon Express

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Nippon Express
Public company
Traded as (TYO: 9062)
Industry Logistics
Founded 1937
Headquarters Tokyo, Japan
Website www.nipponexpress.com

Nippon Express Co., Ltd. (日本通運株式会社, Nippon Tsūun Kabushiki-gaisha, Nittsu) (TYO: 9062) is a Japanese global logistics services company. Its head office is based in Tokyo, Japan and it is listed on the Tokyo Stock Exchange under the ticker TKS(9062). [1]

History[edit]

The company was established in 1937 in line with the Nippon Tsu-un Kaisha Law as a semi-government transportation service. The Company was established 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.[2]

In Japan it is commonly known as 'Nittsu'.

Activities[edit]

In 2017, Nippon Express annual revenues exceeded $16 billion USD, 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[edit]

  1. ^ Kathleen Chu & Katsuyo Kuwako, "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus," Bloomberg (Nov 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).

External links[edit]