Expansion of the Construction Equipment Business in Tochigi through the Acquisition of 日東レンタル as a Subsidiary and Synergies with Existing Locations
First written in FY2025-H1. 1 of 2 entries say "Advanced", first in 2026-04-09. Latest entry: 2026-04-09.
- 2026-04-09AdvancedFinancial results presentation
「Construction equipment rentals: revenue and profit increased as the effects of higher utilization and price pass-through began to emerge; Nitto Rental’s results also contributed for the full fiscal year」
Nitto Rental’s contribution progressed from results for part of the period after its acquisition to a full-year contribution for the fiscal year ending February 2026. - FY2025-H1First statedAnnual report
「Nitto Rental Co., Ltd. is headquartered in Oyama, Tochigi Prefecture, and is engaged in the sale and rental of civil engineering and construction equipment. The group, meanwhile, operates nationwide, with the sale and rental of civil engineering and construction equipment as its principal businesses. The company decided to acquire the shares because making Nitto Rental a consolidated subsidiary was expected to generate synergies with existing construction equipment business locations in the region. Acquired voting rights: 90%.」
The company completed the acquisition of Nitto Rental shares on 30 September 2024 and acquired a 90% interest. The acquisition was intended to generate synergies with existing construction equipment business locations in the Tochigi region. The acquisition cost was ¥2.439 billion, while goodwill and other items remain undetermined at this time.