| Nippon Express | |
| Type: | Subsidiary |
| Industry: | Logistics |
| Predecessors: | --> |
| Successors: | --> |
| Founders: | --> |
| Hq Location City: | Tokyo |
| Hq Location Country: | Japan |
| Areas Served: | --> |
| Profit: | --> |
| Profit Year: | --> |
| Owner: | Nippon Express Holdings |
is a global logistics services company. It is based in Tokyo, Japan and is owned by Nippon Express Holdings .[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.
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]
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, its plan to raise 100 billion yen[5] 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.