Page 51 - Forbes - Asia (April 2019)

18.
Yusaku Maezawa (middle) poses MASAHIRO NODA
with his employees wearing outfits $2.35 BILLION S
measured by the Zozosuits. OBIC
AGE: 80

19.
KATSUMI TADA
$2.2 BILLION S
DAISHO GROUP
AGE: 73

20.
KINOSHITA FAMILY
$2.05 BILLION T
ACOM

21.
KAZUO OKADA
$2.04 BILLION T
UNIVERSAL ENTERTAINMENT
AGE:76

22.
YUSAKU MAEZAWA
$2 BILLION T
ZOZO
AGE:43

23.
MASATERU UNO
$1.9 BILLION T
COSMOS PHARMACEUTICAL
AGE:72
EIICHI KURIWADA: DELIVERING THE GOODS

This could be the year that SG Holdings and Hitachi Transport 24.
System finally come together. When SG and Hitachi announced CHIZUKO & MICHIO
a tieup in 2016, the companies said that a full merger might MATSUI
occur in three years if there were enough synergies between $1.8 BILLION S
them. SG owns a 29% stake in Hitachi, while Hitachi owns 20% MATSUI SECURITIES
of SG’s door-to-door package delivery unit Sagawa Express.
The combined entity by revenue would overtake Yamato 25.
Holdings, Japan’s largest delivery company, and close the gap EIICHI KURIWADA
with the nation’s biggest corporate logistics company Nippon $1.75 BILLION S
Express. Such a move would also help SG further improve its SG HOLDINGS
margins by focusing on B2B services. AGE: 72
The chairman of SG, Eiichi Kuriwada, joined the 2018 Japan
rich list after an IPO of his firm on the Tokyo exchange in
December 2017. Its shares have climbed more than 40% since 26.
that debut, boosting Kuriwada’s ranking to No. 25 this year from YOSHIKO MORI
No. 40 last year. $1.73 BILLION T
Sagawa Express, known for the blue-striped shirts of its hustling delivery drivers, competes MORI BUILDING
KIYOSHI OTA/BLOOMBERG $9.5 billion in the fiscal year through March 2018 is two-thirds of Yamato’s nearly $14 billion in sales ÌNEW TO LIST 3RETURNEE
AGE: 78
with rival Yamato, which pioneered Japan’s consumer-focused delivery services. SG’s revenue of
and half of Nippon Express’ over $18 billion revenue, putting SG at a distant third.
The son of the Sagawa Express founder Kiyoshi Sagawa, Kuriwada joined his father’s firm in
1977. (He took his mother’s maiden name after his parents split.) In 1993, Kuriwada took the helm of
SUP TDOWN WXFLAT
Tokyo Sagawa Kyubin, which later became a key subsidiary for SG. —James Simms

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