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    9062   JP3729400006

NIPPON EXPRESS CO., LTD.

(9062)
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Nippon Express : China) integrates Xiamen Branch and Fuzhou Branch to create new Fujian Branchá--Move aimed at expanding coastal operating area and strengthening management base--

10/07/2021 | 01:17am EST
Nippon Express (China) integrates Xiamen Branch and Fuzhou Branch to create new Fujian Branch

October 7, 2021

Move aimed at expanding coastal operating area and strengthening management base

Nippon Express (China) Co., Ltd. (Tatsuo Sugiyama, Chairman; hereinafter, "NE China"), a local subsidiary of Nippon Express Co., Ltd. (Mitsuru Saito, President), has integrated its Xiamen Branch and its Fuzhou Branch to create a new Fujian Branch that opened for business on September 1.


  • (Building where Fujian Branch's Xiamen Office is located)

  • (Building where Fujian Branch's Fuzhou Office is located)

The area encompassing all of Fujian Province, southern Zhejiang Province, southeastern Jiangxi Province and Shantou City in Guangdong Province has been designated the West Coast Economic Zone, with "West Coast" referring to its location west of Taiwan. The 2020 GDP of this West Coast Economic Zone was up 4% and its import/export trade 6.7% higher year-on-year, and continued development is expected in future.

NE China established the new Fujian Branch by integrating its Xiamen Branch and its Fuzhou Branch to cover an extensive economic zone that combines the West Coast Economic Zone and Taiwan. In addition to business in the West Coast area, NE China will be taking a wide-ranging approach to business in the coastal economic zone running from North to South China, putting in place systems to offer business support to customers expanding inland from the coastal zone.

Going forward, NE China will be targeting the handling of automobile-related products, batteries, apparel, etc., and seeking to expand its cross-strait logistics with Taiwan as well as its handling of e-commerce cargo from Fujian.

[Profile of Fujian Branch]

Name Fujian Branch, Nippon Express (China) Co., Ltd.
Locations Xiamen Office
Room 501A, Huiteng Metropolis, No.323 Jiahe Road, Xiamen, Fujian Province, China
Fuzhou Office
No. 79, Hudong Road, Gulou District, Fuzhou, Fujian Province, China
Start of business September 1, 2021
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Disclaimer

Nippon Express Co. Ltd. published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 05:16:04 UTC.


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Sales 2022 2 171 B 19 272 M 19 272 M
Net income 2022 56 081 M 498 M 498 M
Net Debt 2022 137 B 1 219 M 1 219 M
P/E ratio 2022 10,7x
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Nbr of Employees 72 366
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Number of Analysts 10
Last Close Price 6 680,00 JPY
Average target price 8 998,00 JPY
Spread / Average Target 34,7%
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Mitsuru Saito President, CEO & Representative Director
Kenji Watanabe Chairman
Masato Nakagawa Managing Executive Officer & Head-IT Promotions
Kazutoshi Hamashima Head-Operations & Personnel Strategy
Masahiro Sugiyama Independent Outside Director
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