ENVALITH
コーユーレンティア株式会社 logo

Koyou Rentia Co.,Ltd.

7081・Standard Market・Services

Official website
コーユーレンティア株式会社 logo
Koyou Rentia Co.,Ltd.7081

Business

Koyo Rentia Corporation, founded in 1970, is a comprehensive rental group that has expanded its business starting from rentals for construction site offices. It currently consists of the company and 7 consolidated subsidiaries, operating four segments: the Rental-related Business centered on FF&E Rental, the Space Design Business offering one-stop services for condominium galleries, the Merchandise Sales Business handling office furniture and other products for government agencies, Japan Post, and private-sector clients, and the ICT Business covering rental, sales, and construction of ICT equipment. Through 29 sales locations and 11 distribution centers nationwide, the company provides uniform services with construction sites, event venues, and corporate offices as its main customer base. Consolidated net sales for FY2025 (ending December 2025) were ¥34,702 million.

Business Model

The company owns approximately 2,000 items and over 1 million units of FF&E inventory in-house, and continuously captures temporary demand from construction sites, events, and offices by offering flexible rentals available from one-day units with free returns. In addition to rental revenue, it also generates revenue from reuse sales of used products and ancillary services such as ICT construction and interior fit-out work. The logistics subsidiary Koyo Logix handles storage and delivery, adopting a vertically integrated model in which the group completes services as a unified entity.

Company Strengths

The company operates 29 sales branches and 11 distribution centers nationwide, holding approximately 2,000 items and over 1 million units of FF&E. It has established a system enabling customers to receive uniform service nationwide, and has demonstrated supply capacity to absorb demand exceeding initial expectations at large-scale events such as the Osaka-Kansai Expo and the Tokyo 2025 World Athletics Championships.

Consolidated net sales for FY2025 (ending December 2025) were ¥34,702 million (up 8.9% year on year), operating profit was ¥3,006 million (up 44.4% year on year), and net income attributable to owners of parent was ¥1,937 million (up 25.0% year on year), with all metrics reaching record highs. The company achieved the final-year targets of its medium-term management plan (net sales of ¥32,900 million and operating profit of ¥3,000 million) one year ahead of schedule.

As of the end of FY2025 (ending December 2025), the equity ratio stood at 61.2% and ROE at 16.4%, substantially exceeding the medium-term management plan target (ROE of 12% or higher). The company has secured liquidity of ¥7,308 million, combining an unused credit facility of ¥3,750 million and cash of ¥3,558 million, and maintains a sound financial structure with low dependence on interest-bearing debt.

ENVALITH's Perspective

Operating profit for Q1 FY2026 (ending December 2026) was ¥869 million, up 23.6% year on year, a strong result, but the full-year forecast of ¥2,500 million (down 16.8% year on year) was left unchanged. Against the cumulative H1 forecast of ¥1,200 million, ¥869 million was already achieved in Q1 alone, implying that Q2 alone would come to just ¥331 million. Careful monitoring is needed of second-half earnings trends, as the rebound decline from Expo-related and large-scale projects is expected to affect the Merchandise Sales Business and Space Design Business.

Segment profit for the Rental-related Business doubled to ¥457 million (up 98.9% year on year), with profit margin also improving significantly. The main drivers were increased shipments of high value-added products and higher order unit prices, tailwinds from the external environment of growing adoption of wellness offices at construction site offices. It is important to assess whether this rise in unit prices will become structurally entrenched or is merely a temporary boost from concentration in specific projects. Expansion of the event-related market (an external factor) has also served as a tailwind, but this means performance remains susceptible to changes in market conditions—a point requiring attention.

The Merchandise Sales Business saw a sharp decline due to the rebound from large-scale projects for the Japan Patent Office and the Supreme Court, as well as the Toranomon redevelopment project, recorded in the prior fiscal year: Q1 sales fell to ¥1,171 million (down 28.0% year on year), and segment profit fell to ¥89 million (down 54.5% year on year). The ICT Business also saw a profit decline, with segment profit of ¥133 million (down 16.8% year on year) due to a decrease in large-scale BPO projects. The pace of recovery in these two segments is a key variable determining whether the full-year target can be achieved, and increased advertising expenses associated with strengthened marketing efforts are expected to continue as a factor pressuring profits.

Growth Strategy

Under the medium-term management plan 'Next Evolution 26', the company is building a growth foundation around four pillars: DX, permanent offices, ICT, and human capital

As the conversion of construction site offices into wellness offices spreads nationwide, the company has achieved increased shipments of high-value-added product groups and higher order unit prices. In the first quarter of FY2026 (ending March 2026), segment profit in the Rental-related Business rose 98.9% year on year, a notable achievement, and efforts continue to establish this rise in unit prices on a lasting basis.

The company has rolled out its total solution 'Office DoReMo' for permanent offices, resulting in a substantial increase in new orders for facility management services. Through synergies with reuse sales, the business renewed its highest-ever first-quarter revenue, and customer retention through combined services continues to progress.

Amid a challenging market environment, with the number of new condominium units supplied in the Tokyo metropolitan area down 7.4% year on year, the company secured multiple large-scale model room coordination projects with major developers with which it had no prior business relationship. Segment profit improved substantially, up 73.2% year on year. Expansion into new business areas such as hotels and commercial facilities also continues.

The company is pursuing expansion into new fields, including e-sports-related equipment and supplies for the Winter Olympics. However, due to the reversal effect of a large-scale project in the previous period, the first quarter of FY2026 (ending March 2026) saw revenue decline 28.0% and segment profit decline 54.5%, reflecting difficult conditions. Increased advertising expenses associated with strengthened marketing are putting short-term pressure on profit.

Despite the impact of a decline in large-scale BPO projects, revenue was maintained at roughly the same level as the previous year, supported by strengthened sales to existing clients and alliance effects with partner companies. The company continues to promote the expansion of external construction work such as security and signage, along with cost ratio improvement through greater in-house handling of construction projects.

Last updated: July 17, 2026