Hamakyorex

What Hamakyorex does

Hamakyorex Co., Ltd. (株式会社ハマキョウレックス) is a Japanese third-party logistics (3PL) provider founded in 1971 in Hamamatsu, Shizuoka Prefecture, and listed on the Tokyo Stock Exchange Prime Market under ticker 9037. The company operates 194 consolidated logistics centers across Japan with a workforce of 16,691 employees (6,010 regular plus 10,681 temporary/part-time), complemented by international operations in India, Hong Kong, Shanghai, and Bangladesh. Hamakyorex generates revenue primarily through managed-service 3PL contracts, with logistics center business accounting for 97.1% of activity and general freight trucking accounting for the remaining 2.9%. Its FY2026 consolidated operating revenue was ¥155.5 billion (~$1.04B USD), up from ¥146.7B in FY2025.

The company serves enterprise and mid-market customers across six specialized verticals: apparel logistics (with overseas inspection in China and Bangladesh), medical device logistics (supported by dual pharmaceutical affairs law licenses for manufacturing and sales/rental), cosmetics and daily goods logistics, e-commerce fulfillment, food logistics, and home center/drugstore logistics. Its underlying technology includes a proprietary Warehouse Management System (WMS) configurable to client specifications, alongside robotics and AI integration for warehouse automation. The go-to-market is sales-led and direct to enterprise clients, with a medium-term plan targeting 15 new 3PL clients per year. Growth has been pursued through a sustained M&A program — over 25 acquisitions since 2002 — along with strategic joint ventures including a 2019 India automotive logistics JV with Samvardhana Motherson and a 2025 expanded JV with SMRC Automotive Holdings Netherlands.

The business model is asset-heavy and operationally complex, with revenue tied to long-tail enterprise contracts, custom negotiated pricing, and continuous integration of acquired regional transport operators. Hamakyorex holds ISO 9001 certification (since 2000) and G Mark superior safety certification (since 2006), and received the 2024 Japan Open Innovation Award — Environment Minister's Prize jointly with Kao, Lion, Ito-Yokado, and Welcia Pharmacy. The medium-term plan targets 10%+ ROE and 9.5–9.7% operating margin, with profitability targets driven by automation, M&A consolidation synergies, and vertical-specific expertise as core differentiators.

Name

Hamakyorex

Legal name

株式会社ハマキョウレックス

Website

https://hamakyorex.co.jp

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hamakyorex is a Japan-listed 3PL logistics provider operating 194 nationwide distribution centers, serving enterprise clients across apparel, medical device, cosmetics, EC, food, and home center verticals with proprietary WMS technology and vertically specialized logistics services.

Ownership category

akta.pro rank

Product category

Logistics Services (Third Party Logistics)

NAICS

General Warehousing and Storage (493110), General Warehousing and Storage (49311), Other Warehousing and Storage (493190), General Freight Trucking (4841), Transportation and Warehousing (48-49)

SIC

Public Warehousing & Storage (4220), Arrangement Of Transportation Of Freight & Cargo (4731), Trucking (No Local) (4213)

akta.pro primary industry

Warehousing Operations & Contract Storage (Dedicated/Shared) (TLAIAAAC)

akta.pro secondary industries

E-commerce Fulfillment & Omnichannel Logistics (Pick/Pack/Returns) (TLAIAAAD), Secure / High-Value Warehousing (Cage/Vault/Controlled Access) (TLAIACAG), Automated Warehousing & AS/RS Operations (Robotics-Enabled) (TLAIACAL), Cold Chain Asset-Based Logistics (Reefer Fleet & Temp-Control Facilities) (TLAIAMAF)

Keywords

• Third party logistics
• Logistics outsourcing services
• Warehouse management systems
• Freight transportation services
• Supply chain fulfillment

Headquarters

HQ city

Hamamatsu

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Logistics Center Business (3PL): Comprehensive logistics outsourcing services including warehousing, distribution, fulfillment, and value-added logistics services. Accounts for 97.1% of business activities. Services span apparel, medical devices, cosmetics, EC, food, and home center/drugstore logistics.
2. General Freight Trucking Business: General freight trucking services, accounting for 2.9% of business activities. Operates trucking operations through own fleet and subsidiary companies.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Hamakyorex is a 3PL (Third Party Logistics) provider offering comprehensive logistics outsourcing services including warehousing, inventory management, distribution processing, fulfillment, and logistics consulting across six industry verticals (apparel, medical devices, cosmetics/daily goods, e-commerce, food, and home center/drugstore). Logistics center business accounts for 97.1% of activities, complemented by a general freight trucking business (2.9%) operated through its own fleet and subsidiaries.

Product overview

Hamakyorex is a 3PL (Third Party Logistics) company offering comprehensive logistics outsourcing services. The core offering is 3PL Services that includes inventory management, warehousing, distribution, and logistics consulting. The company operates six specialized logistics service verticals: Apparel Logistics (with overseas inspection facilities in China and Bangladesh), Medical Equipment Logistics (with pharmaceutical/medical device licenses), Cosmetics and Daily Goods Logistics, EC (E-commerce) Logistics, Food Logistics, and Home Center and Drugstore Logistics. The company also provides proprietary technology including a customizable Warehouse Management System (WMS). The business model centers on serving as a strategic logistics partner for clients across multiple industries, combining domestic centers with overseas inspection factories for apparel, and maintaining specialized facilities for medical and temperature-controlled logistics.

Differentiator

Problem solved

Functional benefit

Products and services

• 3PL Services (Third Party Logistics) Core 3PL (Third Party Logistics) service providing comprehensive logistics outsourcing including inventory management, warehousing, distribution, and logistics consulting for enterprise clients across multiple industry verticals. Accounts for 97.1% of business activities.
• Apparel Logistics Specialized logistics service for the apparel industry featuring inspection, needle detection, price tagging, store-level sorting, and combined domestic and overseas (China/Shanghai, Bangladesh) quality control operations for major Japanese apparel retailers.
• Medical Equipment Logistics Specialized logistics for medical devices and equipment, offering both manufacturing (packaging, labeling, storage) and sales/rental licenses for highly controlled medical devices, with strict quality management and traceability through lot and serial number management.
• Cosmetics and Daily Goods Logistics Logistics service for cosmetics and daily goods emphasizing 'quality first' principles, with shrink packaging, assembly, traceability through lot/serial management, and 24-hour climate-controlled facilities.
• EC (E-commerce) Logistics E-commerce focused logistics service supporting both large-scale and small-to-medium businesses, including fulfillment operations, gift wrapping, promotional inserts, product photography, and return processing with same-day shipping capabilities.
• Food Logistics Logistics service for the food industry providing just-in-time delivery, freshness management, consumer-oriented product display, and efficient backroom operations for supermarkets, convenience stores, and restaurants.
• Home Center and Drugstore Logistics Comprehensive logistics for home centers and drugstores handling products ranging from small items (screws, pencils) to large goods (4m+ PVC pipes, sofas), with category/department management and optimized delivery routes.
• General Freight Trucking Services General freight trucking services operated through own fleet and subsidiary companies. Accounts for 2.9% of business activities and complements the core 3PL logistics center business.

Quantifiable outcome

• Customer reports achieving significant logistics cost reduction through Hamakyorex 3PL services
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered flagship, core and minor.

• Samvardhana Motherson International / SMRC Automotive Holdings NetherlandsflagshipStrategic or Co-development Partner · 4 February 2025Joint venture agreement between SMRC Automotive Holdings Netherlands (subsidiary of Samvardhana Motherson International) and Japan's Hamakyorex for automotive logistics and engineering services in India. The partnership was announced in February 2025 and contributed to positive market sentiment for both companies.
• Kao Corporation, Lion Corporation, Ito-Yokado, Welcia PharmacycoreStrategic or Co-development Partner · 21 February 2024Joint recipients of the 6th Japan Open Innovation Award - Environment Minister's Prize for collaborative sustainability initiatives in packaging and logistics optimization.
• HMK Nexus Co., Ltd.coreStrategic or Co-development Partner · 1 December 2021Joint venture company established with 近物レックス株式会社 and 株式会社シティーライン to capture last-mile logistics market demand. Located in Osaka, Japan.
• Samvardhana Motherson Hamakyorex Engineered Logistics LimitedcoreStrategic or Co-development Partner · 1 April 2019Joint venture in India for automotive finished vehicle land transportation. Established April 2019 with Hamakyorex and Motherson group companies.
• Shanghai Hamashin (Shanghai Binqian) Logistics Co., Ltd.minorStrategic or Co-development Partner · 1 February 2002Joint venture inspection and processing factory in Shanghai, China established February 2002 for apparel product inspection services for Japan-bound products. Renamed Shanghai Binyan Logistics Co., Ltd. in July 2016.
• ITOCHU CorporationflagshipStrategic or Co-development Partner · 1 April 1993Joint venture establishment of 株式会社スーパーレックス (Superex) in 1993 with ITOCHU Corporation for handling business with major volume retailers. Superex is now a consolidated subsidiary.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Kintetsu World Express: Japanese logistics company providing international freight forwarding, contract logistics, and 3PL. Comparable as a Japanese 3PL/contract logistics provider with both domestic and international capabilities, though more focused on forwarding.
• Sagawa Express (SG Holdings): Major Japanese logistics and delivery company offering parcel delivery, B2B logistics, and 3PL services. Comparable as a large-scale domestic Japanese logistics operator with overlapping 3PL and freight offerings, though stronger in last-mile delivery.
• Nippon Express Holdings: Japan's largest logistics company with global forwarding, warehousing, and 3PL capabilities. Comparable as a major Japanese 3PL/contract logistics provider, though significantly larger and more international in scope.
• Yamato Holdings: Parent of Yamato Transport (Kuroneko), Japan's largest door-to-door delivery network. Comparable as a full-service Japanese logistics provider with parcel, B2B distribution, and supply chain solutions competing for similar enterprise customers.

Regional players

• Sankyu: Japanese logistics company specializing in logistics center operations, freight forwarding, and supply chain solutions. Comparable as a Japanese 3PL/contract logistics provider with similar vertical expertise in warehousing and distribution.

Direct peers

• Senko Group Holdings: Japanese logistics conglomerate providing 3PL, warehousing, and distribution services across multiple verticals. Closely comparable in business model and customer base, with overlapping presence in apparel, retail, and manufacturing logistics.
• Hitachi Transport System (LOGISTEED): Major Japanese 3PL provider with extensive warehousing, distribution, and supply chain services. Comparable as a domestic Japanese 3PL serving enterprise retail, manufacturing, and healthcare customers with similar vertical specialization.
• Alps Logistics: Japanese logistics company providing 3PL, warehousing, and international forwarding services. Comparable as a mid-sized Japanese 3PL serving electronics, automotive, and general merchandise customers with similar operational footprint.
• Konoike Transport: Japanese mid-sized 3PL and logistics company providing warehousing, distribution, and supply chain services. Comparable as a similar-sized Japanese 3PL competing for mid-market and enterprise retail/manufacturing contracts.

Emerging players

• ASKUL Logistics (formerly Alpha Logistics): Japanese logistics subsidiary focused on office supply e-commerce fulfillment and B2B distribution. Comparable in EC fulfillment and home center/drugstore logistics, though smaller in scope and focused on parent company needs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• Xx.com/hamakyorex_
• Instagraminstagram.com/hamakyorex

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries28 records

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 Hamakyorex