Takamiya Co.,Ltd.

Business Details

A segment centered on transactions related to "Takamiya Platform." Through its core service "OPE-MANE," the company centrally manages temporary scaffolding equipment held by customers, reducing equipment holding risk, streamlining operations, and optimizing costs. The segment offers a wide range of services including shortage material rental, 3D drawing support utilizing BIM/CIM, and integrated materials-and-labor temporary construction orders. It is the strategic core segment driving the shift to a recurring revenue model and leading the transformation of the Group's overall revenue structure.

Recent Overview

Both revenue and operating profit increased significantly, with recurring revenue performing well

In the full year of FY2026 (ending March 2026), the segment achieved revenue of ¥6,788 million (up 30.9% year on year) and operating profit of ¥1,655 million (up 37.4% year on year). The number of OPE-MANE user accounts increased steadily from the end of the previous fiscal year, albeit at a more moderate pace than planned, and recurring revenue from additional equipment rental and purchases, in proportion to the increase in deposited equipment volume, performed well. In November 2025, the company held the DX promotion event "TAKAMIYA FAIR 2025 - Advancing DX Together," promoting awareness and penetration within the construction industry. Depreciation and amortization increased to ¥799 million (up ¥252 million year on year) due to progress in upfront investments.

Key Products

Growth Drivers

• Expansion of recurring revenue driven by increases in equipment deposit volume among existing OPE-MANE users
• Rising demand for equipment management outsourcing amid chronic labor shortages and delayed DX adoption in the construction industry
• Increased equipment demand from the start of operations at large-scale sites such as the Hokkaido Shinkansen extension construction
• Promotion of measures to expand OPE-MANE users based on the Medium-Term Management Plan 2024-2026
• Development and expansion of management and logistics functions through Lab and Base investments
• Reduction of SG&A expenses and improved profit margins through internal efficiency measures such as the coin system
• Promotion of awareness and penetration in the construction industry through DX promotion events

Risks

• Sluggish increase in the number of new OPE-MANE accounts, falling below initial-period expectations
• Risk that awareness and penetration within the industry remain insufficient, requiring time to promote adoption
• Increased depreciation and amortization due to upfront investment for Platform Business expansion (rental assets, Lab/Base, DX), with FY2026 (ending March 2026) depreciation significantly higher at ¥799 million compared to the prior period
• Increased funding costs due to rising interest rates (an investment phase in which interest-bearing debt is expected to increase)
• Risk of declining equipment utilization rates due to delayed construction starts and extended construction periods in the construction industry
• Structural decline in Rental Business revenue accompanying expansion of Platform Business revenue (cannibalization between segments)
• Risk of downside in construction investment stemming from US tariff policy and geopolitical risks