NYK's Japan Logistics Subsidiaries to Merge
March 16, 2007
On October 1, 2007, NYK will consolidate its two Japan logistics subsidiaries, JIT Corporation (President: Takashi Kobayashi) and NYK Logistics Japan Co. Ltd. (President: Masahiko Fukatsu), under the sole name of NYK Logistics Japan Co. Ltd., which will remain headquartered in Tokyo.
JIT Corporation was founded in 1983 as an NVOCC (Nonvessel Operating Common Carrier), and the company attained sales of about 12.4 billion yen in fiscal 2005. NYK Logistics Japan was founded in 2004 to provide third-party logistics services by linking the services offered by NYK Group logistics companies around the world. This merger will allow the two companies to unite NYK Logistics Japan's advanced know-how of supply-chain solutions with the long-term customer relationships established by JIT, thus building on years of strong sales performances and giving the united company the capacity to offer competitive and more customer-centric services.
Current Profiles
| Name | JIT Corporation | NYK Logistics Japan Co. Ltd. |
| Services | International forwarding(NVOCC) | Forwarding; 3PL |
| Founded | December 1983 | April 2004 |
| Headquarters | 6-16-12 Ginza, Chuo-ku, Tokyo | 6-16-12 Ginza, Chuo-ku, Tokyo |
| Representatives | Takashi Kobayashi | Masahiko Fukatsu |
| Capital | 490 million yen | 100 million yen |
| Employees | 177 | 25 |
| Revenue (Mar 2006) | 12.465 billion yen | 2.045 billion yen |
Profile of New Company
| Name | NYK Logistics Japan Co. Ltd. |
| Services | International forwarding (NVOCC); 3PL |
| Headquarters | 6-16-12 Ginza, Chuo-ku, Tokyo |
| Capital | 490 million yen |
| Employees | 202 |
| Revenue (Mar 2008) | 16.5 billion yen (estimated) |