Exing

What Exing does

Exing (株式会社エクシング, EXING Co., Ltd.) is a privately held Japanese logistics company founded in August 1960 (originally as 菱大運輸, renamed to エクシング in 1986) and headquartered in Amagasaki, Hyogo Prefecture. The company's core business is the transportation and warehousing of dangerous goods (hazardous materials) — specifically chemicals, paints, coatings, and industrial substances — operating a fleet of 382 vehicles across 42 nationwide locations with a 738-employee workforce as of FY2025. Exing is differentiated by G Mark safety certification from the Ministry of Land, Infrastructure, Transport and Tourism, 60+ years of operating history, and proprietary safety programs including the King's Club driver recognition system (350 drivers logging 30M+ km annually), KYT hazard prediction training, and a 4-stage new driver education curriculum. The company also operates the Keihin-jima bonded warehouse — described as Tokyo's only bonded dangerous goods facility.

Beyond core hazmat logistics, Exing runs three adjacent businesses: Fantac Services (vehicle marking, wrapping, and reflective film installation across 9 centers with 10,000+ vehicle applications per year), Exsoluce solar power generation (7 mega-solar sites, 16,410 kW combined output, ~18M kWh annually), and Town Services (direct-from-producer gift and agricultural product sales). The company also provides on-site intra-facility logistics embedded inside customer plants, with offices located within facilities operated by Kansai Paint, Logistics Development Chemical, Dai-Nippon Kasei Chemical, Japan Special Coatings, Daiichi Seiko Kogyo, Tokyo Yuso, Toyoda Chemical, and others.

The revenue model is primarily transaction-based transportation and warehousing fees plus a recurring component from the solar energy business, sold through direct enterprise field sales with customized, quote-based pricing. End customers are enterprise chemical and paint manufacturers; the go-to-market relies on direct sales representatives, dedicated service inquiry forms on the company website, and embedded on-site relationships. The company has completed two historical capital increases tied to mergers (Utsunomiya Logistics in 1984 and Cross Line in 2011), with current stated capital of ¥334 million and no subsequent external equity fundraising events on record. FY2025 revenue stands at ¥13,665,550,000 (~USD 90M).

Name

Exing

Legal name

株式会社エクシング

Website

https://exing.co.jp

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Exing is a privately held Japanese logistics company founded in 1960 that specializes in nationwide dangerous goods (hazmat) transportation and warehousing for chemical and paint manufacturers, operating 382 vehicles across 42 locations and complementing core logistics with vehicle marking (Fantac), solar power (Exsoluce), and gift (Town Service) businesses.

Ownership category

akta.pro rank

Product category

Hazardous Materials Logistics

NAICS

Transportation and Warehousing (48-49), Warehousing and Storage (493), Other Warehousing and Storage (493190), Hazardous Waste Collection (562112)

SIC

Hazardous Waste Management (4955), Trucking & Courier Services (No Air) (4210), Trucking (No Local) (4213), Public Warehousing & Storage (4220)

akta.pro primary industry

Hazmat Emergency Response, Spill Control & Incident Management (TLACANAM)

akta.pro secondary industries

Lithium Batteries & Energy Storage DG Logistics (UN38.3, Class 9) (TLAIAJAG), Hazardous/Restricted Goods Returns (Batteries, Chemicals, DG) (TLAAALAO)

Keywords

• Dangerous goods transportation
• Hazardous materials warehousing
• Vehicle marking services
• Solar power generation
• Chemical logistics services

Headquarters

HQ city

Amagasaki

HQ country

Japan

HQ region

Asia

Offices32 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Dangerous Goods Transportation (危険物輸送): Core business of Exing since 1960. Provides specialized transportation of hazardous materials using a fleet of 382 vehicles across Japan. The company operates with professional dangerous goods handling certifications and a nationwide logistics network.
2. Dangerous Goods Warehousing (危険物倉庫): Warehouse storage services for dangerous goods at nationwide locations. The company maintains dangerous goods warehouses, temperature-controlled dangerous goods warehouses, and general warehouses. Key facilities include bonded warehouses at Keihin-jima serving Tokyo area.
3. Fantac Services (ファンタックサービス): Vehicle marking and advertising services including planning, design, cutting, and installation for trucks, buses, and signs. The company operates 9 centers nationwide and handles over 10,000 vehicle applications per year.
4. Solar Power Generation (ソーラーサービス): Solar power generation business started in 2012 with 7 mega-solar installations across Japan. Total output capacity of 16,410kW generating approximately 18 million kWh annually. The Exsoluce brand represents Exing's solar operations.
5. Town Services (タウンサービス): Direct-to-consumer sales of gift products including regional specialty foods, fresh produce, rice, flower gifts, and promotional items. Products are sourced directly from producers across Japan.
6. Intra-facility Logistics (構内物流): On-site logistics and material handling services within customer facilities.
7. Industrial Services: Includes coating sales and painting services, adhesive sheet processing and installation, advertising sign planning and installation, and worker dispatch services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Exing specializes in the transportation and warehousing of dangerous goods (hazardous materials) across Japan using a fleet of 382 vehicles and a network of 42 business locations. The company provides integrated logistics services including dangerous goods transportation, specialized warehouse storage (including bonded and temperature-controlled warehouses), on-site intra-facility logistics, vehicle marking and graphics services (Fantac), solar power generation (Exsoluce), and direct-from-origin gift product sales (Town Service).

Product overview

Exing operates as a logistics and warehousing company with a diversified service portfolio centered on dangerous goods transportation. The core offerings include Transportation Service (危険物輸送) for hazardous materials transport across a nationwide network of 42 offices with 382 vehicles, and Dangerous Goods Warehousing (危険物倉庫) providing specialized storage at major locations. The company extends its services through Fantac Service (ファンタックサービス) for vehicle graphics and marking, Exsoluce (エクソルーチェ) for solar power generation, and Town Service (タウンサービス) for agricultural product sales. Quality and Safety Management systems support core logistics operations with G Mark certification and proprietary safety programs including the King Club initiative.

Differentiator

Problem solved

Functional benefit

Products and services

• Transportation Service (運輸サービス / 危険物輸送) Specialized transportation of hazardous materials including chemicals, flammable materials, and other regulated dangerous goods across Japan. Operates with professional dangerous goods handling certifications and a nationwide logistics network of 382 vehicles. Targets chemical and paint manufacturers requiring compliant transport of regulated materials.
• Dangerous Goods Warehousing (危険物倉庫) Hazardous materials storage services at nationwide locations with qualified personnel. Includes dangerous goods warehouses, temperature-controlled dangerous goods warehouses, and general warehouses. Key facility is the Tokyo area's only bonded warehouse handling dangerous goods at Keihin-jima, serving import/export trade.
• Fantac Service (ファンタックサービス) Vehicle marking and wrapping service offering planning, design, cutting, and installation for trucks, buses, and signs. Operates 9 centers nationwide with 47-prefecture coverage and handles over 10,000 vehicle applications per year. Includes high-visibility reflective film products.
• Exsoluce Solar Service (エクソルーチェ) Solar power generation business under the Exsoluce brand. Seven mega-solar installations across Japan with combined output of 16,410kW, generating approximately 18 million kWh annually. Total area spans approximately 290,000 square meters.
• Town Service (タウンサービス) Direct-to-consumer sales of regional gift products including specialty foods, fresh produce, rice, flower gifts, and promotional merchandise sourced directly from producers across Japan.
• On-site Intra-facility Logistics (構内物流) On-site logistics and material handling services within customer manufacturing facilities, supporting integrated supply chain operations at customer sites. Includes coating services, adhesive sheet processing and installation, and worker dispatch services.
• Quality and Safety Management System (品質・安全 管理) Comprehensive safety management system including KYT (Kiken Yochi Training) hazard prediction training, accident prevention programs, King's Club driver recognition (for 500,000km/5-years accident-free drivers), and G Mark safety excellence certification. Underpins all dangerous goods transportation operations.

Quantifiable outcome

• Zero product accidents and vehicle accidents
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered key account, partner and technology partner.

• Kansai Paint (関西ペイント)key accountStrategic or Co-development PartnerMajor customer for dangerous goods transportation and warehousing services. Paint and coating manufacturer requiring specialized logistics for hazardous materials.
• Logistics Development Chemical (ロジスティードケミカル)key accountStrategic or Co-development PartnerChemical logistics company that is a major customer. Exing operates a branch office within their Komaki facility for integrated logistics services.
• Dai-Nippon Kasei Chemical (大伸化学)key accountStrategic or Co-development PartnerChemical manufacturer and key customer requiring dangerous goods transportation and storage services.
• Japan Special Coatings (日本特殊塗料)key accountStrategic or Co-development PartnerSpecialty coatings manufacturer. Exing operates an intra-facility logistics office within their Hiratsuka facility (Nittoku Office).
• NRSkey accountStrategic or Co-development PartnerChemical company and key customer for dangerous goods logistics services.
• Daiichi Seiko Kogyo (大日精化工業)partnerStrategic or Co-development PartnerChemical manufacturer hosting Exing's Sakura Office within their manufacturing facility in Sakura, Chiba.
• Tokyo Yuso (東京油槽)partnerStrategic or Co-development PartnerOil storage company hosting Exing's Kawasaki Office within their facility in Kawasaki.
• Sojitz Chemical Trading (双日ケミカルトレーディング)partnerStrategic or Co-development PartnerChemical trading company hosting Exing's Hokko Office within their facility in Osaka.
• Japan Mati (日本マタイ)partnerStrategic or Co-development PartnerCompany hosting Exing's Moriyama Office within their facility in Shiga Prefecture.
• Toyoda Chemical Industries (豊田化学工業)partnerStrategic or Co-development PartnerChemical manufacturer hosting Exing's Fujioka Office within their facility in Toyota City.
• DIC Kyushu Polymer (DIC九州ポリマ)partnerStrategic or Co-development PartnerChemical company hosting Exing's Nakatsu Office within their facility in Oita Prefecture.
• Orafol Reflective Solutions (オラフォルリフレクティブソリューションズ)technology partnerTechnology or IntegrationProvider of high-visibility reflective film products (Reflexite) used in fantac vehicle marking services. Exing sells and installs their reflective tape products for safety applications.

Scale indicators13 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Kintetsu World Express (KWE): Major Japanese-origin freight forwarder specializing in international logistics, including chemical and dangerous goods forwarding. Provides comparable specialized handling services to Exing but with global airfreight and ocean freight forwarding capabilities.
• Seino Holdings: Major Japanese trucking and logistics group with nationwide LTL and trucking operations. Comparable to Exing in offering trucking services across Japan for commercial customers, though Seino's portfolio is more diversified across general freight and less specialized in hazardous materials.
• Nippon Express Holdings: Japan's largest logistics company offering domestic and international freight forwarding, warehousing, and specialized chemical/hazmat transport. Comparable to Exing in service breadth but with global footprint, significantly more resources, and integrated air/sea forwarding capabilities.
• Sankyu: Long-established Japanese logistics company providing specialized freight, warehousing, and chemical logistics services. Comparable to Exing in addressing industrial customers with hazardous materials and bulk transport needs, with a similarly broad footprint in Japan.
• Senko Group Holdings: One of Japan's largest logistics groups providing 3PL, warehousing, and hazmat transportation nationwide. Senko operates a similarly broad network and dangerous goods handling capabilities, but at much larger scale than Exing across multiple verticals including chemicals, consumer goods, and environmental services.
• Kamigumi: Japanese port logistics specialist providing warehousing, harbor transportation, and dangerous goods handling at major ports. Comparable to Exing in dangerous goods warehousing and bonded facility operations, with stronger presence at port-adjacent industrial zones.
• Hitachi Transport System (LOGISTEED): Major Japanese 3PL providing domestic logistics, warehousing, and chemical logistics services including dangerous goods handling. Operates a comparable enterprise-grade logistics network with parent-supported technology and broader geographic coverage.

Regional players

• Sakai Heavy Industries (Sakai Chemical Logistics Division): Chemical manufacturer with integrated in-house logistics operations for hazardous materials; conceptually comparable to Exing's intra-facility logistics services for chemical majors. Represents both a potential customer and a vertically-integrated competitor in chemical logistics.

Emerging players

• Maruyama Kogyo / Maruyama Logistics: Mid-sized Japanese hazardous materials transport and warehousing specialists similar in scale to Exing. Comparable as a regional/mid-market dangerous goods logistics peer with a similar 60+ year operating history and enterprise-focused service model.

Direct peers

• Konoike Transport: Japanese logistics company providing specialized freight forwarding, warehousing, and chemical logistics services. Operates as a direct competitor to Exing in the Japanese dangerous goods and industrial chemicals logistics space, with similar enterprise customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Exing