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Nippon Express

Japanese global logistics services company From Wikipedia, the free encyclopedia

Nippon Express
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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]

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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.


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History

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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]

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Activities

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.

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References

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