Maruken Lease Co., Ltd.
9763・Standard Market・Wholesale Trade
Heavy Temporary Steel
Maruken Lease's core segment centered on the leasing and sale of heavy temporary steel construction materials
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year) | ¥19,425 million | ¥17,249 million | ↑ |
| Segment profit (full year) | ¥1,935 million | ¥2,100 million | ↓ |
| Segment profit margin (full year) | 9.9% | 12.2% | ↓ |
| Segment assets (fiscal year-end) | ¥28,594 million | ¥26,355 million | ↑ |
| Depreciation and amortization (full year) | ¥137 million | ¥124 million | ↑ |
| Capital expenditures (increase in tangible and intangible fixed assets, full year) | ¥284 million | ¥148 million | ↑ |
Business Details
This segment conducts the leasing, sale, repair, and processing of heavy temporary steel construction materials such as steel sheet piles, H-beams, steel earth-retaining materials, road decking plates, and steel plates. In addition to the parent company, the segment is operated by Tohoku Kogyo Co., Ltd., Tobankogyo Co., Ltd., Kyushu Repro Co., Ltd., Kyoyu Lease Co., Ltd., Thai Maruken Kensetsu Co., Ltd., and Ruima Maruken (Anhui) Engineering Support Technology Co., Ltd., among others. As the core segment accounting for approximately 73% of consolidated net sales, it supports the development of social infrastructure by supplying construction equipment for public works and urban redevelopment projects.
Recent Overview
Net sales expanded 12.6%, but segment profit declined 7.9% due to rising costs
In the Heavy Temporary Steel segment for FY2026 (ending March 2026), leasing utilization volume of heavy temporary steel materials increased due to progress on order-received projects, expanding net sales to ¥19,425 million (up ¥2,176 million, or 12.6%, year on year). On the other hand, rising costs of materials, equipment, and transportation pressured profit, with segment profit remaining at ¥1,935 million (down ¥165 million, or 7.9%, year on year). Inventory (construction equipment) increased due to continued investment in expanding the inventory range and holdings of steel materials based on the medium-term management plan.
Key Products
Growth Drivers
- Increased leasing utilization volume of heavy temporary steel materials driven by steady progress in public works and large-scale urban redevelopment projects
- Expansion of the inventory range and holdings of steel materials based on the medium-term management plan "Building Together, Creating the Infrastructure Cities of the Future"
- Continued certain demand from redevelopment projects, private-sector capital investment, and infrastructure renewal needs
- Signs of partial recovery in overseas operations (Thailand and China)
- Stable order base through ongoing business relationships with major general contractors
Risks
- Rising procurement costs due to elevated prices of materials and equipment, including steel
- Decline in segment profit margin due to sustained high transportation costs and increased logistics costs
- Impact on construction costs and schedule management due to shortage of workers with specialized skills
- Sluggish business environment and receivables collection risk in overseas operations (Thailand and China)
- Risk of spillover to the domestic economy due to fluctuations in financial and foreign exchange conditions
- Expansion of working capital burden due to increased inventory associated with expanding steel material holdings
Last updated: June 19, 2026