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Maruken Lease (9763) · FactAdvanced

Higher Sales and Lower Rental Earnings in the Heavy Temporary Steel Structure Business

First written in FY2017-Q2. 16 of 34 entries say "Advanced", first in FY2017. Latest entry: FY2026.

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ProgressHeldSoftenedWorseRestatedFY2020-Q1 – FY2022AdvancedFY2023-Q3 – FY20262016: 12017: 420172018: 420182019: 320192020: 420202021: 320212022: 420222023: 320232024: 320242025: 220252026: 32026
Same theme, other companies
Profit pressure from higher sales and lower rental revenue in the heavy temporary construction businessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

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  1. FY2026AdvancedAnnual report

    「Rental utilization of heavy temporary steel materials increased as orders received progressed, resulting in revenue of ¥19,425 million, up ¥2,176 million, or 12.6%, year on year.」

    In the heavy temporary structures business, increased rental utilization drove revenue up 12.6%. However, segment profit fell 7.9% due to higher costs for equipment, materials and transportation.
  2. FY2026-H1AdvancedAnnual report

    「Domestic performance was broadly in line with the plan due to increased operating volume as projects progressed. Revenue was ¥9,500 million, up ¥1,265 million, or 15.4%, year on year, and segment profit was ¥1,057 million, up ¥150 million, or 16.5%.」

    In the heavy temporary structures business, higher utilization as projects progressed drove revenue up 15.4% and segment profit up 16.5%.
  3. FY2025AdvancedAnnual report

    「Rental utilization of heavy temporary steel materials increased as orders received progressed, resulting in revenue of ¥17,249 million, up ¥950 million, or 5.8%, year on year.」

    Rental utilization increased in the heavy temporary structures business, driving revenue up 5.8% and segment profit up 16.3%.
  4. FY2025-H1AdvancedAnnual report

    「① Heavy temporary structures business: Domestic operations generally progressed as planned due to project execution and improved cost efficiency. Revenue was ¥8,234 million, up ¥803 million, or 10.8%, year on year, and segment profit was ¥907 million, up ¥167 million, or 22.6%.」

    The heavy temporary structures business generated higher revenue and profit as projects progressed and cost efficiency improved, with segment profit up 22.6% year on year.
  5. FY2024AdvancedAnnual report

    「Rental utilization of heavy temporary steel materials improved year on year, partly due to progress on orders received, and revenue was ¥16,299 million, up ¥543 million, or 3.5%, year on year. As a result of continued efforts to improve profitability, segment profit was ¥1,806 million, up ¥9 million, or 0.5%.」

    The heavy temporary structures business generated higher revenue as rental utilization improved, and segment profit also increased as profitability improved.
  6. FY2024-Q3AdvancedAnnual report

    「① Heavy temporary works business: Despite a challenging order environment, continued efforts to improve profitability resulted in revenue of ¥11,937 million, up ¥914 million, or 8.3%, year on year, and segment profit of ¥1,427 million, up ¥40 million, or 2.9%.」

    Despite a challenging order environment, revenue in the heavy temporary structures business rose 8.3% and segment profit rose 2.9%, improving performance across rental and sales operations.
  7. FY2024-Q1AdvancedAnnual report

    「Driven by increased demand for heavy temporary steel materials, revenue was ¥3,812 million, up ¥538 million, or 16.4%, year on year, and segment profit was ¥418 million, up ¥17 million, or 4.2%.」

    In the heavy temporary structures business, increased demand drove revenue up 16.4% and segment profit up 4.2%, continuing the previous fiscal year's improvement in rental utilization and profitability.
  8. FY2023AdvancedAnnual report

    「Rental utilization of heavy temporary steel materials improved year on year, and, partly because delayed projects progressed, revenue was ¥15,755 million, up ¥919 million, or 6.2%, year on year. As a result of rigorous profitability management and efforts to reduce costs, segment profit was ¥1,796 million, up ¥221 million, or 14.0%.」

    The heavy temporary structures business generated higher revenue as rental utilization improved and delayed projects progressed, while segment profit rose 14.0% through profitability management and cost reductions.
  9. FY2023-Q3AdvancedAnnual report

    「Despite a challenging order environment, the company continued to work to improve profitability, and progress was made on delayed projects. Revenue increased ¥276 million, or 2.6%, year on year to ¥11,022 million, and segment profit increased ¥126 million, or 10.0%, to ¥1,387 million.」

    In the heavy temporary structures business, revenue rose 2.6% and segment profit rose 10.0% as delayed projects progressed and profitability improved.
  10. FY2023-Q2Higher revenue, but lower profit due to some projects being delayedAnnual report

    「Revenue was ¥6,675 million, up ¥88 million, or 1.3%, year on year, but segment profit fell to ¥701 million, down ¥96 million, or 12.1%, partly because some projects were delayed.」

    Although revenue in the heavy temporary structures business increased, segment profit fell 12.1% year on year because some projects were delayed.
  11. FY2023-Q1AdvancedAnnual report

    「As a result of efforts to improve the rental operating volume and profitability of heavy temporary works steel, revenue increased ¥17 million, or 0.5%, year on year to ¥3,274 million, and segment profit increased ¥31 million, or 8.5%, to ¥401 million.」

    The heavy temporary structures business generated higher revenue as rental utilization improved, and segment profit increased 8.5% year on year due to improved profitability.
  12. FY2022RestatedAnnual report

    「Although rental utilization of heavy temporary steel materials improved year on year, lower sales volumes resulted in revenue of ¥14,835 million, down ¥1,412 million, or 8.7%, year on year. However, through rigorous profitability management and efforts to reduce costs, segment profit rose to ¥1,575 million, up ¥205 million, or 15.0%.」

    Lower revenue from improved rental utilization but reduced sales volumes coexisted with continued profit growth driven by profitability management and cost reductions.
  13. FY2022-Q3RestatedAnnual report

    「Rental operating volume and sales volume for heavy temporary works steel declined year on year, resulting in revenue of ¥10,745 million, down ¥1,325 million, or 11.0%, from the same period of the previous year. However, as a result of continued efforts to reduce costs and improve profitability, segment profit increased ¥138 million, or 12.4%, to ¥1,260 million.」

    In the heavy temporary structures business, lower rental utilization and sales volumes continue to reduce revenue, while cost-cutting and improved profitability continue to drive profit growth.
  14. FY2022-Q1RestatedAnnual report

    「Rental operating volume and sales volume for heavy temporary works steel declined year on year, resulting in revenue of ¥3,256 million, down ¥563 million, or 14.7%, from the same period of the previous year. However, as a result of efforts to reduce costs and improve profitability, segment profit increased ¥57 million, or 18.3%, to ¥369 million.」

    In the heavy temporary structures business, lower rental utilization and sales volumes continue to reduce revenue, while cost-cutting and improved profitability continue to drive profit growth.
  15. FY2021Higher profit through lower revenue and profitability managementAnnual report

    「Rental utilization and sales volume of heavy temporary steel materials declined year on year, resulting in revenue of ¥16,248 million, down ¥919 million, or 5.4%. However, rigorous profitability management and cost-reduction efforts resulted in segment profit of ¥1,369 million, up ¥211 million, or 18.2%.」

    The heavy temporary structures business continued to experience lower revenue due to declining volume, while profitability management and cost reductions increased segment profit by 18.2%.
  16. FY2021-Q3RestatedAnnual report

    「Both rental utilization and sales volume declined year on year, resulting in revenue of ¥12,070 million, down ¥268 million, or 2.2%. However, efforts to reduce costs and improve profitability resulted in segment profit of ¥1,121 million, up ¥227 million, or 25.4%.」

    In the heavy temporary structures business, rental utilization and sales volume continued to decline, while cost reductions and improved profitability continued to drive higher profit.
  17. FY2021-Q2RestatedAnnual report

    「Both rental utilization and sales volume declined year on year, resulting in revenue of ¥7,270 million, down ¥660 million, or 8.3%. However, efforts to reduce costs and improve profitability resulted in segment profit of ¥571 million, up ¥168 million, or 42.0%.」

    In the heavy temporary structures business, lower rental utilization and sales volume and higher profit from cost reductions and improved profitability continued from the previous quarter.
  18. FY2021-Q1Higher profit through lower revenue and cost reductionsAnnual report

    「Rental operating volume and sales volume declined slightly year on year, resulting in revenue of ¥3,819 million, down ¥64 million, or 1.6%, from the same period of the previous year. However, as a result of efforts to reduce costs and improve profitability, segment profit increased ¥101 million, or 48.3%, to ¥312 million.」

    In the heavy temporary structures business, lower rental utilization and sales volume resulted in lower revenue, while cost reductions and improved profitability increased segment profit.
  19. FY2020Full-year decline in revenue and profit; inventory disposal loss recordedAnnual report

    「Dispatch volume of heavy temporary steel materials remained sluggish, particularly in the Tokyo metropolitan area, resulting in year-on-year declines in rental utilization and sales volume. Revenue was ¥17,167 million, down ¥707 million, or 4.0%, while segment profit was ¥1,158 million, down ¥311 million, or 21.2%, due to margin pressure from higher costs and the advance recognition of losses on the disposal of some factory inventories.」

    In the heavy temporary structures business, lower rental utilization and sales volume, higher costs, and losses on the disposal of some factory inventories resulted in lower revenue and profit for the full year.
  20. FY2020-Q3RestatedAnnual report

    「Rental utilization and sales volume declined year on year, resulting in revenue of ¥12,339 million, down ¥668 million, or 5.1%. Segment profit was ¥894 million, down ¥281 million, or 23.9%, due to margin pressure from higher costs.」

    In the heavy temporary structures business, lower rental utilization and sales volume and continued margin pressure from higher costs resulted in lower revenue and profit.
  21. FY2020-Q2Lower revenue and profit due to sluggish dispatch volume and higher costsAnnual report

    「Dispatch volume of heavy temporary steel materials remained sluggish, particularly in the Tokyo metropolitan area, resulting in year-on-year declines in rental utilization and sales volume. Revenue was ¥7,930 million, down ¥591 million, or 6.9%, and segment profit was ¥402 million, down ¥334 million, or 45.4%, due to margin pressure from higher costs.」

    In the heavy temporary structures business, the trend shifted from rising rental utilization and sales volume to sluggish dispatch volume and declines in both measures, while higher costs also resulted in lower revenue and profit.
  22. FY2020-Q1Lower profit due to slight declines in rental and sales volume and higher costsAnnual report

    「Rental utilization and sales volume both declined slightly year on year, particularly in the Tokyo metropolitan area, resulting in revenue of ¥3,883 million, down ¥29 million, or 0.8%. Segment profit was ¥210 million, down ¥187 million, or 47.1%, due to margin pressure from higher costs.」

    Following higher revenue and profit in the same period of the previous year due to increased rental utilization and sales volume, both declined slightly this quarter, and higher costs also reduced segment profit.
  23. FY2019-Q3AdvancedAnnual report

    「Higher rental utilization and sales volume, particularly in the Tokyo metropolitan area, resulted in revenue of ¥13,008 million, up ¥719 million, or 5.9%, year on year, and segment profit of ¥1,175 million, up ¥266 million, or 29.4%.」

    In the heavy temporary structures business, cumulative revenue and segment profit increased year on year due to higher rental utilization and sales volume.
  24. FY2019-Q2AdvancedAnnual report

    「Higher rental utilization and sales volume, particularly in the Tokyo metropolitan area, resulted in revenue of ¥8,522 million, up ¥799 million, or 10.3%, year on year, and segment profit of ¥736 million, up ¥229 million, or 45.3%.」

    In the heavy temporary structures business, higher rental utilization and sales volume increased revenue and segment profit year on year.
  25. FY2019-Q1AdvancedAnnual report

    「Higher rental utilization and sales volume, particularly in the Tokyo metropolitan area, resulted in revenue of ¥3,913 million, up ¥60 million, or 1.6%, year on year, and segment profit of ¥398 million, up ¥88 million, or 28.5%.」

    In the heavy temporary structures business, both rental utilization and sales volume increased, resulting in higher revenue and segment profit year on year.
  26. FY2018Higher utilization and rental volume, but lower profit due to lower rates and sales profitAnnual report

    「Rental utilization and volume were both strong, but sluggish rental rates, lower profit from sales projects, and higher selling, general and administrative expenses resulted in revenue of ¥17,177 million, down ¥34 million, or 0.2%, from the previous period, and segment profit of ¥1,275 million, down ¥220 million, or 14.7%.」

    Rental utilization and volume were strong, but sluggish rental rates and other factors resulted in lower revenue and profit for the full year.
  27. FY2018-Q3Higher rental utilization but lower profit due to sluggish rental rates and other factorsAnnual report

    「Revenue was ¥12,288 million, up ¥81 million, or 0.7%, year on year, due to higher rental utilization. However, sluggish rental rates and lower profit from sales projects resulted in segment profit of ¥908 million, down ¥200 million, or 18.1%.」

    In the heavy temporary structures business, higher rental utilization increased revenue, while sluggish rental rates and lower profit from sales projects reduced profit.
  28. FY2018-Q2Lower revenue and profit due to fewer sales projectsAnnual report

    「Although rental utilization increased, fewer sales projects resulted in revenue of ¥7,722 million, down ¥122 million, or 1.6%, year on year, and segment profit of ¥506 million, down ¥106 million, or 17.4%.」

    In the heavy temporary structures business, rental utilization increased, but fewer sales projects resulted in lower revenue and profit.
  29. FY2018-Q1Higher rental utilization but lower profit due to lower rental earningsAnnual report

    「Higher sales volume and rental utilization, particularly in the Tokyo metropolitan area, resulted in revenue of ¥3,853 million, up ¥83 million, or 2.2%, year on year. However, lower rental earnings resulted in segment profit of ¥310 million, down ¥17 million, or 5.3%.」

    Sales volume and rental utilization increased, but lower rental earnings reduced segment profit year on year.
  30. FY2017AdvancedAnnual report

    「Higher sales volume, particularly in the Tokyo metropolitan and Tohoku regions, resulted in revenue of ¥17,212 million, up ¥929 million, or 5.7%, from the previous period, and segment profit of ¥1,496 million, up ¥122 million, or 8.9%.」

    In the heavy temporary structures business, higher sales volume resulted in higher revenue and profit for the full year.
  31. FY2017-Q3Shifted from a decline in profit to an increase in profitAnnual report

    「Rental utilization remained at approximately the same level as in the same period of the previous year, while higher sales volume, particularly in the Tokyo metropolitan area, resulted in revenue of ¥12,206 million, up ¥444 million, or 3.8%, year on year, and segment profit of ¥1,109 million, up ¥40 million, or 3.8%.」

    Rental utilization was at approximately the same level as in the same period of the previous year, marking a change from the declines in rental utilization and rental rates reported in the previous quarter. Higher sales volume resulted in higher revenue and profit.
  32. FY2017-Q2First statedAnnual report

    「Sales increased, particularly in the Tokyo metropolitan area, resulting in revenue of ¥7,845 million, up ¥484 million, or 6.6%, year on year. However, lower rental utilization and rental rates resulted in segment profit of ¥613 million, down ¥40 million, or 6.2%.」

    In the heavy temporary structures business, higher sales volume increased revenue, while lower rental utilization and rental rates reduced segment profit.
Moved together

"Revenue Growth, Profit Growth and Earnings Improvement" moved the same way as this thread, in the same document, in 14 of its 34 moves.

1412111187★123456
  1. ★This thread
  2. 1Revenue Growth, Profit Growth and Earnings Improvement14×
  3. 2Strengthening the Earnings Base of the Core Business12×
  4. 3Project Progress and Lower Margins on Large Projects in the Heavy Temporary Construction Business11×
  5. 4Dividend Payout Ratio of Approximately 25% and Annual Dividend of ¥811×
  6. 5Containing Increases in Steel Prices8×
  7. 6Improving the Equity Ratio and Reducing Net Interest-Bearing Debt7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Maruken Lease's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the General Meetings of Shareholders of 2026-05-28: "Advanced".
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