Monotaro

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]

MonotaRO Co.,Ltd.
TYO: 3064
IndustryInternet, online retailing
FoundedOctober 19, 2000 (2000-10-19)
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]
ParentW. W. Grainger, Inc.
Websitewww.monotaro.com
ihc.monotaro.com
www.monotaro.sg

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. "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.
  2. http://pressroom.grainger.com/phoenix.zhtml?c=194987&p=irol-newsArticle&ID=1884586&highlight=
  3. http://www.monotaro.sg/pages/customer_services/faq/#shipping_and_delivery
  4. http://pressroom.grainger.com/phoenix.zhtml?c=194987&p=irol-newsArticle&ID=1331507&highlight=
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