#Japan #Digital Transformation #logistics #Tokyo #Ascend

LTS Invests in Ascend to Propel Logistics Digital Transformation

In a significant move, LTS Inc., headquartered in Minato, Tokyo, has successfully completed its investment in Ascend Inc., a startup focused on logistics digital transformation. Ascend, established in March 2020 and based in Shinjuku, Tokyo, has a mission to ‘unlock the true value of logistics and support all industries.’ They specialize in enhancing the management and operational efficiency of transportation companies through their cloud-based ERP, 'Logics'. Additionally, Ascend offers consulting services to various stakeholders, including government entities and industry associations.

The investment aims to foster collaboration between LTS and Ascend in several initiatives, particularly in the consulting realm. This partnership will allow the two companies to jointly propose solutions for logistics consulting projects, targeting government and major corporate clients. There will also be an emphasis on personnel exchange between LTS and Ascend to better integrate LTS's capabilities in the logistics sector.

As commented by Asaki Kitagawa, Head of LTS's Venture Capital Division, the opportunity to invest in Ascend, a company in the forefront of logistics industry transformation, is very gratifying. He expressed pride in collaborating with a talented team that maintains high operational intensity while combining a strategic perspective. With this funding, Ascend is set to expand its operations from the vertical SaaS 'Logics' to include BPaaS (Business Process as a Service) for 3PLs and transportation companies. This expansion is part of their commitment to addressing the structural challenges facing the logistics sector. LTS resonates deeply with Ascend's approach to tackling essential transformations within the logistics industry. They are not just providing capital but are committed to supporting Ascend’s growth through diverse collaborations. The focus will include conducting consultancy services in the logistics domain, combining Ascend's insights and approaches with LTS's consulting capabilities to drive industry-wide changes.

Mizuki Kusaka, CEO of Ascend, expressed gratitude for LTS's investment decision. He emphasized that Ascend’s mission extends beyond being a mere SaaS provider. To enhance the essential blood flow of logistics in corporate activities, advanced consulting capabilities are indispensable alongside their ERP systems. Ascend has been offering consulting services to major clients and government departments, but they recognize the pressing need for stronger partnerships to confront the logistics crisis that is intensifying in Japan. This partnership with LTS is regarded as a crucial strategy, allowing Ascend to integrate their software development strengths and industry knowledge with LTS's consulting expertise, bringing them closer to realizing their mission of unlocking the true value of logistics for all industries.

LTS’s venture capital division, known as LTS Value Creation, is actively pursuing a dual strategy of business creation consulting and startup support. They assist clients across various domains, from business conception and strategy formulation to operational planning and implementation. Notable past projects include supporting Tokyu Construction Co. in new business creation and business commercialization, as well as aiding a major trading company’s subsidiary in their business planning functions.

In conclusion, the investment signifies a promising partnership between two forward-thinking companies dedicated to revolutionizing the logistics industry through innovation and collaboration. As both LTS and Ascend embark on this journey, they aim to collectively enhance the efficacy of logistics services in Japan, proving that strong alliances are key to overcoming industry-wide challenges.

Company Information:

• - LTS Inc.: Tokyo Stock Exchange Prime Market (Securities Code: 6560) - LTS Website
• - Contact: Public Relations Office at LTS, Email: [email protected]