is a Japanese global

logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

services company. It is based in

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.46 ...

and is owned by Nippon Express Holdings (). Its shareholding is dominated by banks and financial institutions mostly related to the Mizuho (

Mizuho Financial Group , abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name "" literally means "abundant rice" in Japanese and "harvest" in the figurative sense. Upo ...

) and Sumitomo Mitsui ( SMFG)

Keiretsu A is a set of companies with interlocking business relationships and shareholdings. In the legal sense, it is a type of informal business group that are loosely organized alliances within the social world of Japan's business community. The '' ...

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

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 Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

in the 1950s.

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 formerly between 1935 and 2008 and the first incarnation of between 2008 and 2022, is a major Japanese multinational conglomerate corporation, headquartered in Kadoma, Osaka. It was founded by Kōnosuke Matsushita in 1918 as a lightbulb s ...

."EU mergers and takeovers (Nov 21),"
Reuters (November 21, 2013). 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

External links

*
Official Website
(Japanese)
Nippon Express USA

"Snapshot for Nippon Express Co Ltd (9062),"
Bloomberg. Transport companies based in Tokyo Logistics companies of Japan Service companies based in Tokyo Transport companies established in 1937 Japanese brands Business services companies established in 1937 1937 establishments in Japan Companies listed on the Tokyo Stock Exchange {{Japan-company-stub