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Nippon Express

Nippon Express

Nippon Express Co., Ltd. (日本通運株式会社, Nippon Tsūun Kabushiki-gaisha, Nittsu) (TYO: 9062 [10] ) 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]

Nippon Express
Type
Public (K.K)
Traded asTYO: 9062 [8]
IndustryLogistics
Founded1937
Headquarters,
Websitewww.nipponexpress.com [9]

History

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

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

[1]
Citation Linkwww.bloomberg.comKathleen Chu & Katsuyo Kuwako, "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus," Bloomberg (Nov 26, 2013)
Oct 1, 2019, 5:42 AM
[2]
Citation Linkwww.nipponexpress.com"History," Nippon Express website.
Oct 1, 2019, 5:42 AM
[3]
Citation Linkwww.bloomberg.comMariko Yasu & Grace Huang, "Panasonic Says Ready to Spend $1 Billion on New Deals," Bloomberg (November 11, 2013).
Oct 1, 2019, 5:42 AM
[4]
Citation Linkwww.reuters.com"EU mergers and takeovers (Nov 21)," Reuters (November 21, 2013).
Oct 1, 2019, 5:42 AM
[5]
Citation Linkwww.nipponexpress.comOfficial website
Oct 1, 2019, 5:42 AM
[6]
Citation Linkwww.nipponexpressusa.com[1]
Oct 1, 2019, 5:42 AM
[7]
Citation Linkwww.bloomberg.com"Snapshot for Nippon Express Co Ltd (9062),"
Oct 1, 2019, 5:42 AM
[8]
Citation Linkwww2.tse.or.jp9062
Oct 1, 2019, 5:42 AM
[9]
Citation Linkwww.nipponexpress.comwww.nipponexpress.com
Oct 1, 2019, 5:42 AM
[10]
Citation Linkwww2.tse.or.jp9062
Oct 1, 2019, 5:42 AM
[11]
Citation Linkwww.bloomberg.com"Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus,"
Oct 1, 2019, 5:42 AM
[12]
Citation Linkwww.nipponexpress.com"History,"
Oct 1, 2019, 5:42 AM
[13]
Citation Linkwww.bloomberg.com"Panasonic Says Ready to Spend $1 Billion on New Deals,"
Oct 1, 2019, 5:42 AM
[14]
Citation Linkwww.reuters.com"EU mergers and takeovers (Nov 21),"
Oct 1, 2019, 5:42 AM
[15]
Citation Linkwww.nipponexpress.comOfficial website
Oct 1, 2019, 5:42 AM
[16]
Citation Linkwww.nipponexpressusa.com[1]
Oct 1, 2019, 5:42 AM
[17]
Citation Linkwww.bloomberg.com"Snapshot for Nippon Express Co Ltd (9062),"
Oct 1, 2019, 5:42 AM
[18]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Oct 1, 2019, 5:42 AM