Tokyo, Japan - April 11th, 2018
Fukuyama Transporting Co., Ltd. (Headquarter: Fukuyama City, Hiroshima Prefecture; President: Shigehiro Komaru; shortened as Fukuyama Transporting) and Kitazawa Co., Ltd. (Headquarter: Koto-Ku, Tokyo; President: Toshiya Kitazawa; shortened as Kitazawa) signed a capital alliance agreement creating a business partnership for moving services. Furthermore, Fukuyama Transporting acquires 51% of Kitazawa's shares, and the capital alliance agreement was signed with both presidents present at the event.
Although the main venture of Fukuyama Transporting is freight forwarding, the expansion of their moving business has always been an objective of the company. Since the establishment in April 1957, Kitazawa was also in the freight forwarding business. In April 1998, Kitazawa Moving Center Co., Ltd. was established, which as since continuously expanded in the Greater Tokyo Area.
Given this business partnership, Fukuyama Transporting aims to increase profit and fortify the business model by absorbing the Kitazawa's intelligence of the ever growing moving business. As a company primarily based in Tokyo, Kitazawa is planning a business expansion utilizing the nationwide network of Fukuyama Transporting. Moreover, both parties are expecting a reduction in cost through joint-ownership of vehicles, and group purchasing for moving materials.
Furthermore, the acquisition of 51% of Kitazawa's shares by Fukuyama Transporting will reinforce the tightly knit bond between the two companies.
About Fukuyama Transporting Co., Ltd.
Address: 4-20-1 Higashi Fukatsu-cho, Fukuyama City, Hiroshima Prefecture
Founded: September, 1948
Capital: 30.31 Billion JPY
Representative: Shigehiro Komaru
Business detail: Freight trucking operation, etc.
Sales: 255.677 Billion JPY (2017 Quarter)
About Kitazawa Co., Ltd.
Address: 2-10-6 Miyoshi, Koto-Ku, Tokyo Prefecture
Founded: April, 1957
Capital: 30 Million JPY
Representative: Toshiya Kitazawa
Business detail: Freight trucking operation, Moving Business, etc.
Sales: 1.188 Billion JPY (2017 Quarter) *Includes Kitazawa Moving Center Co., Ltd.
(Right) Shigehiro Komaru, President and C.E.O. of Fukuyama Transporting Co., Ltd.
(Left) Toshiya Kitazawa, President and C.E.O. of Kitazawa Co., Ltd.
Contact regarding this event:
Fukuyama Transporting Co., Ltd.
Public Relations IR Office : Kojima/Doi (Japanese Only)
Tel: (03)3643-0292
Kitazawa Co., Ltd.
President and C.E.O. : Toshiya Kitazawa (Japanese Only)
Tel: (03)3989-5677