Monotaro
| Traded as | TYO: 3064 |
|---|---|
| Industry | Internet, online retailing |
| Founded | October 19, 2000 |
| Headquarters | Amagasaki, Hyogo, Japan |
Key people | Masaya Suzuki (President) |
| Revenue | ¥34.556 billion (FY2013) [1] |
| ¥3.885 billion (FY2013) [1] | |
| ¥2.289 billion (FY2013) [1] | |
| Total assets | ¥14.505 billion (FY2013) [1] |
| Total equity | ¥7.282 billion (FY2013) [1] |
| Parent | W. W. Grainger, Inc. |
| Website |
www ihc www |
MonotaRO Co., Ltd., is a Japanese e-Commerce company of industrial supply products based in Hyogo, Japan. The company was named to Forbes Asia "Best Under A Billion" list in 2013.[2]
Overview
MonotaRO sells Maintenance, repair, and operations products through internet and catalogs, targeting small and mid-sized manufacturing companies. MonotaRO sells various product categories such as Personal protective equipment, hand tools, fasteners, and lab supplies. It has more than 1 million customers in Japan.
The company name MonotaRO is an acronym for Maintenance, Repair & Operations. It also means to have sufficient number of products in Japanese. It is also a play on the name of the Japanese hero Momotaro.
Global expansion
In 2013, MonotaRO began web-based sales in Singapore. In 2014 web-based sales expanded to Malaysia, Thailand, and Australia.
Now they ship to following countries. (countries names are arranged alphabetically)[3]
Bangladesh / Bhutan / Brunei Darussalam / Cambodia / Cook Islands / East Timor / Fiji / Indonesia / Kiribati / Lao People's Democratic Republic / Malaysia / Maldives / Marshall Islands / Micronesia, Federated States of / Mongolia / Myanmar (Burma) / Nauru / Nepal / Pakistan / Palau / Papua New Guinea / Philippines / Samoa / Singapore / Solomon Islands / Sri Lanka / Taiwan / Thailand / Tonga / Tuvalu / Vanuatu / Vietnam
History
- 2000 - Sumitomo and W. W. Grainger, Inc. founded a company as joint venture in Japan
- 2001 - Website launch, which began and nationwide sales
- 2004 - Start selling private label (MonotaRO, Otokomae-MonotaRO, and Osaka-Spirit)
- 2006 - Launch IHC MonotaRO, targeting private use customers
- 2006 - Listed on the Tokyo Stock Exchange
- 2009 - W. W. Grainger, Inc. acquired a majority ownership of the company [4]
- 2013 - Started service in Singapore
- 2014 - Started service in Malaysia, Thailand, and Australia
References
- 1 2 3 4 5 "Consolidated Financial Results for the Fiscal Year Ended December 31)" (PDF). MonotaRO Co.,Ltd. 2014-01-29. Retrieved 2013-02-15.
- ↑ http://pressroom.grainger.com/phoenix.zhtml?c=194987&p=irol-newsArticle&ID=1884586&highlight=
- ↑ http://www.monotaro.sg/pages/customer_services/faq/#shipping_and_delivery
- ↑ http://pressroom.grainger.com/phoenix.zhtml?c=194987&p=irol-newsArticle&ID=1331507&highlight=