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Nippon Express

From Wikipedia, the free encyclopedia
Nippon Express Co., Ltd.
Native name
日本通運株式会社
Nippon Tsūun Kabushiki-gaisha
TypeSubsidiary
TYO: 9062
IndustryLogistics
FoundedJune 1872; 154 years ago (1872-06)
HeadquartersIzumichō,
Chiyoda, Tokyo
,
Japan
OwnerNippon Express Holdings [ja]
Websitewww.nittsu.co.jp

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 a wholly owned subsidiary of Nippon Express Holdings [ja].[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]
Logo used until 2022

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]
  1. ↑ Kathleen Chu & Katsuyo Kuwako, "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus," Bloomberg (November 26, 2013)
  2. ↑ "History," Archived 2016-03-05 at the Wayback Machine Nippon Express website.
  3. ↑ "Sharp increase in Nippon Express profits". Business Times (Singapore). Cargonews Asia. May 16, 1989.
  4. ↑ "Notification of Implementation of New Group Branding". Nippon Express. July 16, 2021.
  5. ↑ Mariko Yasu & Grace Huang, "Panasonic Says Ready to Spend $1 Billion on New Deals," Bloomberg (November 11, 2013).
  6. ↑ "EU mergers and takeovers (Nov 21)," Reuters (November 21, 2013).
  7. ↑ "Nippon Express plans to raise 100 bln Yen in debt capital over two years". Reuters. September 5, 2017.
[edit]
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