Neha Patil (Editor)

Monotaro

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Covid-19
Traded as  TYO: 3064
Founder  Kinya Seto
Headquarters  Japan
Founded  19 October 2000
Monotaro httpsjpimagesmonotarocomcommonimglogostr
Industry  Internet, online retailing
Key people  Masaya Suzuki (President)
Revenue  ¥34.556 billion (FY2013)
Operating income  ¥3.885 billion (FY2013)
Net income  ¥2.289 billion (FY2013)
Stock price  3064 (TYO) JP¥ 3,340 -50.00 (-1.47%)16 Mar, 3:00 PM GMT+9 - Disclaimer
CEO  Masaya Suzuki (22 Mar 2012–)
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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.

Contents

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)
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
  • 2013 - Started service in Singapore
  • 2014 - Started service in Malaysia, Thailand, and Australia
  • References

    Monotaro Wikipedia


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