MonotaRO
 | This article needs additional citations for verification. (January 2014) |
| TYO: 3064 | |
| Industry | Internet, online retailing |
| Founded | October 19, 2000 |
| Headquarters | , 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 |
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
[edit]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
[edit]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
- Nauru
- Nepal
- Pakistan
- Palau
- Papua New Guinea
- Philippines
- Samoa
- Singapore
- Solomon Islands
- Sri Lanka
- Taiwan
- Thailand
- Tonga
- Tuvalu
- Vanuatu
- Vietnam
- India
History
[edit]- 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
[edit]- ^ a b c d e "Consolidated Financial Results for the Fiscal Year Ended December 31)" (PDF). MonotaRO Co., Ltd. 2014-01-29. Archived from the original (PDF) on 2014-02-21. Retrieved 2013-02-15.
- ^ "W.W. Grainger, Inc. - Home".
- ^ "Monotaro | Online Tool Shop - Best Price and Quality".
- ^ "W.W. Grainger, Inc. - Home".