Creating New Businesses in Response to Dependence on a Single Business
First written in FY2022. 8 of 10 entries say "Advanced", first in FY2023. Latest entry: 2026-08-18.
88 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Qool, which joined the Group in April 2025, operates a temporary toilet rental business in Singapore and has a stable customer base centered on long-term rental contracts. It has continued to operate steadily since joining the Group and contributes to the Group’s consolidated results.」
The response to dependence on a single business has progressed through Qool’s contribution from its temporary toilet rental business to consolidated results. - 2026-05-14AdvancedEarnings presentation
「We are promoting M&A in new rental business fields, mainly in the growing ASEAN region, leveraging the expertise we have developed to date.」
To address dependence on a single business, the company has specified expansion into new rental fields through M&A focused on ASEAN. - FY2026-H1AdvancedAnnual report
「During the interim consolidated accounting period, Qool Enviro Pte. Ltd. became a consolidated subsidiary after we acquired all of its shares in April 2025, contributing to higher revenue. Revenue for the interim consolidated accounting period was ¥258 million and segment profit was ¥19 million.」
The response to dependence on a single business materialized through Qool’s overseas other-rental business involving temporary toilets and sanitation, which generated revenue of ¥258 million and segment profit of ¥19 million. - FY2025AdvancedAnnual report
「We expect demand for our core scaffolding rental business to remain strong from the next consolidated fiscal year onward. However, continuing to operate and deepen only one business entails risks from a medium- to long-term perspective. We therefore recognize that achieving “nonlinear growth” by entering adjacent businesses and new markets while maintaining scaffolding rental as a stable business base is essential to sustainably increasing corporate value.」
The response to dependence on a single business developed into a clear policy of pursuing “nonlinear growth” by entering adjacent businesses and new markets, which became a specific rationale for acquiring Qool. - FY2024-Q2AdvancedAnnual report
「In May 2023, we launched the e-commerce site “ASNOVA Market” to contribute to a circular economy by purchasing and selling temporary equipment that would otherwise have been discarded.」
As a specific new-business initiative, the company launched “ASNOVA Market” in May 2023 to purchase and sell temporary equipment scheduled for disposal. - FY2023AdvancedAnnual report
「Temporary equipment rental and sales are our principal businesses. However, because we depend on a single business, an unforeseen event in the industries we serve could have a significant impact on our results, so we are working to create new businesses. In October 2022, we established ASNOVA VIETNAM CO., LTD in the Socialist Republic of Vietnam and launched ASNOVA STATION, which provides services nationwide in Japan with partner companies. We also launched a “new scaffolding rental service” that anyone can use immediately and easily, offering dispatch as soon as the following day.」
The abstract goal of creating new businesses became concrete through the launch of ASNOVA STATION and a new scaffolding rental service offering dispatch as soon as the following day. - FY2022First statedAnnual report
「Temporary equipment rental and sales are our principal businesses. However, because we depend on a single business, an unforeseen event in the industries we serve could have a significant impact on our results. We are therefore working to create new businesses.」
The company recognizes its dependence on a single business and identifies the creation of new businesses as a key issue, although no specific business or timetable has yet been provided.