Nishio integrates subsidiaries, prepares for market consolidation

Nishio Holdings, the owner of Japanese rental company Nishio Rent All, announced that it will integrate the general rentals business of its subsidiary Sacos Corp into Nishio Rental-All.

The remainder of Sacos will focus on specialized rental activities including power rentals, railway track construction equipment, and used equipment sales.

Sacos will also now be the parent of Nishio’s Singapore-based power and temperature control rental business United Power & Resources Pte Ltd, which is active throughout Asia Pacific.

Nishio said the restructuring would help it grow its business in metropolitan Tokyo, with the aim of increasing revenues from Yen50 billion (€305 million) in its 2023 financial year to Yen70 billion €428 million) within five years.

The company added that the integration of Sacon in Japan would give it “know how” on rental consolidation.

It said future growth in Japan’s rental market would require industry restructuring and that the Sacos transaction would act as a “demonstration of possible future industry reorganisation”.