ASNOVA（9223 NSE Next）
＋English Summary on This Page
Main Business is Leasing Wedge Scaffolding
ASNOVA is engaged in three services, which are the temporary structure equipment rental service, which mainly leases wedge lock scaffolding, the temporary structure equipment sales service, which sells equipment for temporary structures, and other service, which receives orders for scaffolding construction and dismantling work. The temporary structure equipment rental service accounted for 85.1% of net sales in the fiscal year ended March 2021, the temporary structure equipment sales service for 11.7% and other services for 3.2%
1) Temporary Structure Equipment Rental Service
Wedge scaffolding is easy to construct even in narrow spaces or for buildings with complicated shapes by changing the way it is combined, and as it can be easily built with just a hammer, construction and dismantling can be done in a short period of time. In addition, it is easy to store and transport as there are a variety of light-weighted and compact specifications, leading to advantages of shorter construction periods and reductions in costs.
The company’s customers are centered on scaffolding construction companies and local building contractors with annual sales of 100 million yen to 300 million yen. Furthermore, the needs for renting equipment for temporary structures is high because it enables customers to cut initial costs as they can start scaffolding construction work with a relatively small number of employees and on a small scale as well as save management fees as customers can use equipment for temporary structures depending on the busyness of the construction work. The company conducts business with over 2,200 scaffolding construction companies, building contractors, etc.
2) Temporary Structure Equipment Sales Service
The company also sells equipment for temporary structures. However, it has no plans to largely expand temporary structure equipment sales including sales of used equipment, and the intention is to stick to focusing its business on temporary structure equipment rental.
The company has set a policy to sell depreciated equipment, which were purchased as for-rent equipment more than six years ago, as used equipment starting from the fiscal year ended March 2021, and the sales amount is to be posted as non-operating income. In the fiscal year ended March 2021, 157 million yen of gain on sales of scaffolding material is posted as non-operating income.
3) Other Services
The company also receives orders for scaffolding construction and dismantling work at construction sites of customers. After contracting the work, it outsources the work to external contractors.