Holdings Co., Ltd., Sagawa Express Co., Ltd., Sumitomo Corporation and Dexterity Inc. Announce Partnership to Leverage Ai-Powered Robots to Load Parcel Trucks in Japan
SG Holdings Co., Ltd. (SG Holdings), Sagawa Express Co., Ltd. (Sagawa Express), Sumitomo Corporation (Sumitomo), and Dexterity Inc. (Dexterity) announced a partnership to leverage AI-powered robots to load parcel trucks in Japan. As part of the partnership, Sagawa Express, one of Japan's leading logistics and delivery service providers, will begin harnessing Dexterity's AI technology to power robots capable of loading trucks with randomized boxes. Before scaling deployment, Dexterity's AI will learn from Sagawa Express's logistics operations, ensuring that Dexterity's dual-arm robot - the DexR - will fit seamlessly into Sagawa's existing logistics infrastructure.
Working together with Sumitomo, an exclusive distributor of Dexterity in Japan, the truck loading partnership will start in 2024 with a plan to integrate into Sagawa's newest distribution center following a successful first pilot. Dexterity previously announced its DexR mobile truck loading robot in September. The robot's unique dual-arm design and onboard AI enable it to match operational loading speeds and packing requirements without knowing the size, weight, or shape of boxes before they arrive at the robot - a process described as "playing 3D Tetris with up to 50lb boxes." The partnership builds upon Dexterity and Sumitomo's previously announced partnership to deploy 1,500 robots in Japanese warehouses by 2026.
SG Holdings Co Ltd provides delivery business, logistics business and real estate business. The Company operates in three business segments. The Delivery segment provides hikyaku express courier, hikyaku large size courier service, mail service, specified letter service, art transport, delivery agent and food delivery. The Logistics segment provides distribution processing, logistics system construction, inventory storage and delivery management, international courier service and international air and sea transportation. The Real Estate segment provides real estate leasing and management, real estate development, asset management. The Company is also engaged in the transportation non-life insurance agency business, the sale of truck fuel, maintenance and sale of transportation vehicles, development and operation of logistics systems, provision of cash-on-delivery services for courier services, and the provision of human resources centered on work outsourcing in logistics facilities.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
Holdings Co., Ltd., Sagawa Express Co., Ltd., Sumitomo Corporation and Dexterity Inc. Announce Partnership to Leverage Ai-Powered Robots to Load Parcel Trucks in Japan