Marubeni & ASICS Agree to Transfer ASICS’ Domestic Logistics Operations to Marubeni

Marubeni Corporation (Marubeni) and ASICS Corporation (ASICS) have agreed that ASICS will transfer all stocks of ASICS Physical Distribution Corp. (APDC), a 100%-owned subsidiary of ASICS, to Marubeni Logistics Corporation (MLOGI), a 100%-owned subsidiary of Marubeni which carries out 3PL (Third Party Logistics) business with ASICS’ domestics logistics operations, on October 1, 2015.

MLOGI is boosting expansion of its international and domestic logistics business by taking advantage of logistic solution functions. By affiliating with APDC, MLOGI will provide a more efficient logistics center operation and delivery system, utilizing the experience and know-how of current employees.

MLOGI has positioned 3PL (Third Party Logistics; taking over customer’s supply chain functions) business as one of its core businesses. Upon this transaction, MLOGI will carry out packaged logistics solutions; 1) transfer of logistics operation, 2) succession of existing assets (warehouse and equipment), and 3) provision of a state-of-the-art logistics center and logistics system. By providing multiple functions and services, MLOGI will continuously enhance sports and apparel goods logistics, and continuously expand 3PL business in both the international and domestic markets.