TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL), under the leadership of President & CEO Takeshi Hashimoto, has announced that Daibiru Corporation, a MOL group company led by President & CEO Takashi Maruyama and headquartered in Kita-ku, Osaka, will participate in a logistics real estate development project in Minato-ku, Nagoya. This strategic move aligns with Daibiru Group’s domestic business strategy, which aims to diversify asset types as outlined in its medium- to long-term management plan, “BUILD NEXT,” projected through 2035.
Daibiru’s entry into this project underscores the group’s commitment to creating synergies within the broader MOL Group, particularly in the logistics sector, which traditionally centers on ocean transport. The Nagoya project is particularly noteworthy for its focus on developing a state-of-the-art frozen warehouse. This facility is designed to address the burgeoning demand for frozen warehouse space, driven by the 2030 Fluorocarbon Emissions Control Act and the shifting demographics in Japan, where an increase in dual-income and single-person households is boosting frozen food sales.
The warehouse will feature advanced automation technology, optimizing space utilization, increasing operational efficiency, and reducing labor costs. This technological edge not only meets current market needs but also positions Daibiru and the MOL Group at the forefront of logistics innovation.
This initiative is part of MOL Group’s “BLUE ACTION 2035” management plan, launched in fiscal year 2023. The plan emphasizes business portfolio reform, highlighting the shift towards non-shipping and stable-profit businesses to mitigate the inherent volatility of the shipping market. By broadening their business base, the MOL Group aims to secure profitability even during downturns in shipping, thereby ensuring long-term stability and growth.
This move into logistics real estate development in Nagoya is more than just an expansion; it represents a strategic alignment with broader industry trends and regulatory requirements. It also reflects a proactive approach to evolving market demands, showcasing Daibiru’s commitment to innovation and efficiency. As the MOL Group continues to diversify and strengthen its portfolio, this project stands as a testament to their forward-thinking strategy and dedication to sustainable growth.
