ALINCO INCORPORATED
5933・Prime Market・Metal Products
Construction Materials & Equipment Business
Core business segment manufacturing and selling temporary construction equipment and logistics storage equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (full year, FY2026 (ending March 2026)) | ¥24,674 million | ¥24,565 million | ↑ |
| Segment profit (full year, FY2026 (ending March 2026)) | ¥1,972 million | ¥2,213 million | ↓ |
| Segment sales YoY change | +0.4% | — | ↑ |
| Segment profit YoY change | -10.9% | — | ↓ |
| Segment assets (end of FY2026 (ending March 2026)) | ¥29,889 million | ¥29,079 million | ↑ |
| Increase in tangible and intangible fixed assets (FY2026 (ending March 2026)) | ¥1,545 million | ¥2,256 million | ↓ |
| Depreciation expense (FY2026 (ending March 2026)) | ¥719 million | ¥707 million | ↑ |
Business Details
Alinco Co., Ltd. mainly manufactures, sells, and procures products for domestic customers, while Oriental Kizai Co., Ltd., Sofuku Steel Co., Ltd., Uekin Co., Ltd., Suzhou Alinco Metal Products Co., Ltd., ALINCO (THAILAND) CO., LTD. and others participate in manufacturing and sales. Main products are temporary construction equipment, led by the New Scaffolding "Albatross," and logistics storage equipment for distribution warehouses and semiconductor plants. Against a backdrop of steady domestic construction demand, this is the core segment, accounting for approximately 39% of Group sales.
Recent Overview
Sales grew slightly, but profit declined 10.9% YoY due to lower margins
In FY2026 (ending March 2026), sales rose 0.4% YoY to ¥24,674 million, maintaining steady growth. Construction demand remained at a high level, and as signs emerged of planned procurement in preparation for future construction plans, sales increased, led mainly by "Albatross." On the other hand, an increased sales mix of relatively lower-margin products such as highly consumable scaffolding boards, combined with rising overseas procurement costs due to the continued yen depreciation, squeezed profits, resulting in segment profit of only ¥1,972 million, down 10.9% YoY. In the fourth quarter, cautious behavior was also observed, with some customers postponing orders for temporary equipment amid uncertainty over the economic outlook.
Key Products
Growth Drivers
- Sustained high level of construction demand driven by domestic infrastructure renewal and urban redevelopment projects
- Increased sales centered on "Albatross" due to signs of planned procurement in preparation for future construction plans
- Emergence of scaffolding board purchasing needs at large-scale sites amid the "from purchasing to rental" trend
- Market share expansion of value-added products such as "Albatross" through stronger coordination between sales and rental operations
- Expansion of sales channels in the logistics field for next-generation distribution warehouses and semiconductor manufacturing plants
- Evolution of core businesses and reconstruction of the business portfolio based on the "Medium-Term Management Plan 2027"
Risks
- Decline in segment profit margin due to a rising sales mix of lower-margin products such as scaffolding boards
- Increased manufacturing costs due to continued yen depreciation (higher procurement costs from overseas manufacturing subsidiaries)
- Structural risk of shrinking sales opportunities due to the continuing "from purchasing to rental" trend
- Risk of postponed or more cautious ordering of temporary equipment due to uncertainty over the economic outlook
- Risk of delayed or scaled-back construction plans due to soaring construction material costs and labor shortages
- Risk of reduced investment by major customers, namely companies renting temporary construction equipment
Last updated: June 17, 2026