The Technology Succession Organization has acquired Advance Co., Ltd., a used forklift company based in Osaka, to bolster its presence in the manufacturing support sector.

Target Company Information

The target of this acquisition is Advance Co., Ltd., a company based in Osaka, Japan. Advance specializes in the purchase, sale, rental, and maintenance of used forklifts. For the fiscal year ending March 2025, Advance reported sales of ¥953 million, an operating profit of ¥26 million, and net assets amounting to ¥720 million.

This acquisition forms part of the initiative by the Technology Succession Organization to consolidate small and medium-sized manufacturing firms and provide operational support through strategic acquisitions.

Industry Overview

In Japan, the used forklift market has shown significant growth, driven by the rising demand for efficient material handling solutions in various sectors, including log

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技術承継機構

invested in

アドバンス

in 2025

in a Buyout deal

Disclosed details

Revenue: $8M

EBIT: $0M

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