Please note that JavaScript and style sheet are used in this website,
Due to unadaptability of the style sheet with the browser used in your computer, pages may not look as original.
Even in such a case, however, the contents can be used safely.
NEC Logistics becomes a joint venture between NEC and Nippon Express
*** For immediate use December 2, 2013
Tokyo, December 2, 2013 - NEC Corporation ("NEC"; TSE: 6701) and Nippon Express Co., Ltd. ("Nippon Express"; TSE: 9062), reached an agreement in March 2013 to form a strategic business alliance in order to strengthen their global logistics business. As part of this alliance, NEC transferred a portion of its shares in NEC Logistics, Ltd. ("NECL"), to Nippon Express on December 1, 2013.
Following the transfer of shares, NECL became a joint venture between NEC and Nippon Express and NECL's company name was changed to Nittsu NEC Logistics, Ltd.
NEC is a leading provider of solutions in the information and communication technology (ICT) field, Nippon Express boasts a sophisticated global logistics network and Nittsu NEC Logistics possesses advanced know-how of logistics in the ICT field. Together, the three companies aim to unify their broad range of strengths in order to promote the growth of Nittsu NEC Logistics into one of the ICT world's leading logistics companies.
Nittsu NEC Logistics' logistics network is reinforced through its business relationship with Nippon Express, enabling NEC to position Nittsu NEC Logistics as a logistics partner for expanding the base of the NEC Group's global supply chain.
Moreover, the creation of a logistics platform for the ICT field will strengthen the management base of Nippon Express and expand the reach of its high-quality services.
Investment Ratio in Nittsu NEC Logistics (investment by stages)
| Previous | Current (December 1, 2013) | Future (December 2014*) |
|
|---|---|---|---|
| NEC | 100.0% | 51.0% | 49.0% |
| Nippon Express | 0.0% | 49.0% | 51.0% |
Profile of Nittsu NEC Logistics, Ltd.
| (1) Name | Nittsu NEC Logistics, Ltd. |
|---|---|
| (2) Address | STM Building, 1-403, Kosugi-cho, Nakahara-ku, Kawasaki-shi, Kanagawa, Japan |
| (3) Representative | Naoki Yoshimura, President |
| (4) Business | - Third-party logistics services - Logistics consulting services - Transportation and delivery services - International transportation services (by air and sea) - Customs clearance services - Air cargo sales agency services - Warehousing services - Other related services |
| (5) Capital | 380 million JPY (51% NEC, 49% Nippon Express) |
| (6) Date established | February 28, 1972 |
| (7) Employees | 2,119 as of March 2013 (consolidated) |
| (8) Sales | 59.6 billion JPY (consolidated fiscal year ended March 31, 2013) |
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. (C)2013 NEC Corporation.
