TOKYO, Mar 13 (Pulse News Wire) – Asnova CO.,LTD. (9223.T) announced plans to establish ASNOVA Singapore Pte.
Ltd. in April 2026 to accelerate M&A activities in the ASEAN region. The subsidiary will focus on investment execution support and post-merger integration management, with a capital of SGD ¥10 million (approximately ¥150 million). The move aims to enhance operational efficiency and strengthen management oversight within the group's rental business expansion strategy.
Additionally, ASNOVA Vietnam Co., Ltd. will remain a wholly-owned subsidiary despite its similar operations in Vietnam. The company expects minimal impact on consolidated earnings from this initiative. Looking ahead, ASNOVA envisions optimizing its regional presence through this hub, targeting revenue of ¥150 billion and operating profit of ¥50 billion by 2030.
The establishment of the Singapore entity underscores the firm’s commitment to leveraging its expertise in expanding into new rental markets across Southeast Asia.
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