JP:9223Stock Price

Market cap
¥6.3B
P/E ratio
-43.1x
ASNOVA rents and sells temporary construction equipment like wedge-lock scaffolding to contractors across Japan and Vietnam through nationwide equipment centers.

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Business Overview

ASNOVA is a company whose primary business is the rental and sale of temporary construction equipment. The ASNOVA Group consists of two companies: ASNOVA and ASNOVA VIETNAM CO., LTD, its consolidated subsidiary. The company primarily handles temporary construction equipment centered on wedge-lock scaffolding and meets the needs of construction contractors through equipment centers nationwide.

ASNOVA's temporary equipment rental business focuses on wedge-lock scaffolding for single-family homes and low-to-mid-rise apartment buildings. Demand is growing because the service reduces inventory burdens for scaffolding contractors and allows equipment adjustments based on seasonal fluctuations. In 2022, the company established a subsidiary in Vietnam and provides services across a wider region through ASNOVA STATION.

The temporary equipment sales business complements the rental service by selling new and used temporary construction equipment. The company maintains a product lineup tailored to customer replacement and investment needs and serves customers nationwide through its e-commerce site. Sales are positioned as complementary to rental operations, and the company maintains a business strategy centered on rental as its core focus.

Management Policy

ASNOVA aims for growth in the construction temporary equipment rental and sales industry. The company's purpose is to contribute to society through the power of "temporary construction solutions," with a management philosophy of providing peace of mind and happiness to employees, customers, and shareholders. ASNOVA seeks to offer diverse temporary construction services on a one-stop basis and improve the industry's image.

ASNOVA's growth strategy focuses on deepening relationships with existing customers and acquiring new ones. The company expands its customer base through unique marketing methods and active sales initiatives. It is also developing bases domestically and internationally, with particular emphasis on strengthening operations in Vietnam and Singapore.

The company prioritizes strengthening its service offerings and product lineup. It provides original products that emphasize functionality and safety, such as the newly developed "Wedge-Lock Next-Generation Sheet Asagao SpeeK." This approach meets customer needs while contributing to industry revitalization.

ASNOVA is committed to revitalizing the construction temporary equipment industry. Through its owned media platform "Kakeruба" and YouTube channel "Asunoba Channel," the company aims to generate interest in the industry and develop young talent. This supports sustainable growth across the entire sector.

ASNOVA prioritizes strengthening its rental-related business, providing equipment tailored to customer needs. The company proposes optimal ratios between rental and sales to support customers' business expansion. It also eyes overseas market entry, with plans to strengthen operations in ASEAN countries.

Human resource development and management system strengthening are key priorities. ASNOVA improves employee skills through evaluation system reforms and support for external training programs. The company also promotes digitalization to achieve efficient operations and sustained corporate value enhancement.