Teikoku Databank announced on August 30 that two companies, Nippon Logistics and its affiliated company Nihon Logistics Support, have applied for the application of the Civil Rehabilitation Law to the Tokyo District Court.
The company was established in December 2017. In April 2018, we took over the business other than the group management business from the former Nippon Logistics (now Nippon Logistics Holdings), which was founded in October 1959. With a focus on warehousing, the company was engaged in comprehensive logistics services such as customs clearance, freight forwarding, sales of packing materials, real estate leasing, and industrial waste collection and transportation.
We have a long history of business since the days of the former Japan Logistics Tech, and as a comprehensive logistics company that concentrates in the Tokyo metropolitan area, we have particular strengths in the logistics of general consumer goods, distribution processing technology, and the construction of logistics information systems. During the period, orders related to major telecommunications carriers increased, and annual revenue of regarding 40,569 million yen was recorded.
Nippon Logistic Support was established in June 1990. Engaged in general truck transportation of electric products, food, clothing, etc., and recorded annual revenue of regarding 855 million yen in the fiscal year ending March 2022, but it became a chain to Japan Logistics. .
However, in recent years, the above-mentioned large-scale orders, which have been the mainstay of business expansion, have slowed down, and this measure was taken as a reactionary decline. As of the end of March 2022, Nippon Logistics has regarding 7.573 billion yen in liabilities. Nippon Logistic Support was regarding 457 million yen at the end of the same period, and the total of the two companies was regarding 8.03 billion yen.
It will be the largest bankruptcy in the transportation and warehousing industry this year.
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