Rental Plus Co.,Ltd.

Rental Plus Co., Ltd., a for-profit corporate entity headquartered in Yokosuka, Japan, supplies base support vehicle and equipment rental services to the U.S. Department of the Navy as a prime contractor, operating entirely in full-and-open competition with no set-aside designations. The vendor delivers aerial work platforms, construction machinery, forklifts, loaders, and transportation equipment on a rental and operator-services basis to support naval operations, ship maintenance, and infrastructure projects at U.S. Fleet Activities in Japan.

Rental Plus holds a dominant position with a single Navy customer. The Department of the Navy accounts for 99% of recent awards and combined potential value across the vendor's portfolio, with Naval Sea Systems Command (219 awards, $32.4 million combined potential value) and Naval Facilities Engineering Command (58 awards, $40.1 million combined potential value) splitting the workload. NAVSEA places frequent, lower-dollar delivery orders for equipment rentals spanning multiple option periods and ELINs; NAVFAC anchors the relationship with a larger-ceiling IDIQ renewed in January 2025. The remaining Navy sub-components—Navy Installations Command (four awards, $106 thousand) and Naval Supply Systems Command (three awards, $265 thousand)—place occasional orders. This concentration reflects Rental Plus's local positioning as a foreign equipment-rental vendor serving U.S. military facilities in the Kanto Plains region.

The vendor operates under two primary parent contract vehicles. A single-award IDIQ (N4008420D0411) issued by NAVSEA and NAVFAC carried a $3.635 million ceiling through June 2025 and generated 53 task orders totaling $1.2 million in combined potential value. A successor IDIQ (N4008425D0407, or internally cited as covering BSVE services) renewed by NAVFAC on January 16, 2025, carries a ceiling of $3.703 million through January 2030 and has already generated five task orders worth $329 thousand. Representative recent work includes a $230,971 delivery order (March 14, 2025) for 20-meter and 37-meter aerial work basket rentals to support naval operations, a $168,461 purchase order (September 24, 2024) for a front-end loader scoop, and a $96,666 purchase order (September 19, 2023) for another loader scoop. A $38,978 delivery order (October 20, 2025) from Navy Installations Command covered jack lifts for ship cleaning during a VIP visit at Yokosuka. Most delivery orders are firm fixed price, ranging from under $1,000 to roughly $230,000 per task order.

Award volume has been highly variable. The vendor logged 13 awards in 2022, peaked at 21 in 2023, dropped to 14 in 2024, and has slowed to six in 2025 and one through early 2026. Combined potential value across all 346 prime awards is $73.6 million, with only $9.6 million obligated (13% realization rate), reflecting the indefinite-delivery structure and the fact that many delivery orders represent small incremental calls against large IDIQ ceilings. The recompete exposure is minimal—only one award ($91 thousand combined potential value) completes within the next twenty-four months. The January 2025 renewal of the NAVFAC IDIQ through January 2030 substantially de-risks the vendor's near-term runway, though the sharp drop in 2025 and 2026 award counts suggests either reduced Navy activity in Japan or possible consolidation of task-order issuance patterns that the portfolio data has not yet captured.

Rental Plus operates exclusively as a prime contractor (100% of awards); no subcontractor relationships appear in the source. The vendor's NAICS footprint centers on Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (168 awards) and Lessors of Nonresidential Buildings (54 awards), with a minor presence in Facilities Support Services (41 awards). PSC coding reflects equipment-lease work: Lease or Rental of Equipment—Construction, Mining, Excavating, and Highway Maintenance Equipment dominates (135 awards), followed by R&D Defense Other Construction (68 awards) and Materials Handling Equipment rental (17 awards). The vendor has no federal contract vehicles, no GSA Schedule seat, and no participation in government-wide IDIQs or GWACs; all work flows through Navy-specific single-award vehicles.