The purpose of this study was to determine the relationship between endurance running performance and aerobic capacity (maximal oxygen uptake: VO2max, velocity at ventilatory threshold: vVT, running economy: RE) in elementary school boys, in relation to their development and height growth. Ninety-three healthy elementary school boys participated. Endurance running performance was evaluated in terms of running velocity at VO2max (vVO2max), which was measured by an incremental running test on a treadmill. VO2max, vVT and RE were also measured in the same way. It was found that vVO2max was significantly related to VO2max, vVT and RE. Chronological age was significantly related to absolute VO2max (L·min−1), vVT and RE but not relative VO2max (mL·kg−1·min−1). Among developmental factors, chronological age was significantly related to VO2max, vVT and RE, but not VO2max. Therefore, we conclude that the factors contributing to improved endurance performance of elementary school boys are VO2max, vVT and RE. With regard to development and related height growth, endurance performance could be attributable to vVT and RE (i.e. qualitative changes) rather than VO2max (i.e. a quantitative change).