Notification Concerning Revision of Projected Full-Year Operating
Results for the Fiscal Year Ending October 31, 2022
2022/09/02 on Japan | Page. 1/1

Friday, September 2, 2022

FOR IMMEDIATE RELEASE
Kanamoto Co., Ltd.
Stock Code 9678
Tokyo Stock Exchange Prime Market, Sapporo Stock Exchange

TetsuoKanamoto

President and CEO<Contact Information>

Director and Corporate Officer, Division
Manager, Accounting Division andGeneral Manager, Public Relations Office

Shun Hirose

Telephone: +81-11-209-1631

Notification Concerning Revision of Projected Full-Year Operating
Results for the Fiscal Year Ending October 31, 2022
Kanamoto Co., Ltd. has made the following revisions to its projected operating results for the fiscal year ending
October 31, 2022 (November 1, 2021 - October 31, 2022) released on December 10, 2021, based on recent market
trends and currently available information.

1. Revised projected figures for full-year consolidated operating results for the fiscal year ending October 31, 2022
(November 1, 2021 – October 31, 2022)(Unit: Millions of yen except earnings per share, which is in yen)

Net Sales

Operating
ProfitOrdinary
ProfitProfitAttributableto Owners ofParentEarningsper SharePrior projection(A)191,100

15,60015,8009,700

259.65

Revised projection(B)

186,900

13,50014,0008,600

231.07

Increase/decrease(B–A)-4,200-2,100-1,800-1,100―Percent change

(%)

-2.2%

-13.5%- 11 . 4 %- 11 . 3 %―189,416

14,624

15,391

8,907

235.55(Reference)

Prior fiscal year
(Fiscal year endedOctober 31, 2021)(Note) As the Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations fromthe beginning of the fiscal year ending October 31, 2022, the results for the prior fiscal year are presented using the results prior to the application of the accounting
standard and relevant ASBJ regulations.

Notification Concerning Revision of Projected Full-Year Operating
Results for the Fiscal Year Ending October 31, 2022
Page. 2/2

2. Revised projected figures for full-year non-consolidated operating results for the fiscal year ending October 31,2022(November 1, 2021 – October 31, 2022)(Unit: Millions of yen except earnings per share, which is in yen)

Net Sales

Ordinary
ProfitProfitEarningsper SharePrior projection(A)

11 7 , 2 0 0

9,600

6,500

175.70

Revised projection(B)

11 4 , 8 0 0

7,800

5,300

142.40

Increase/decrease(B–A)-2,400-1,800-1,200―Percent change

(%)

-2.0%

-18.8%-18.5%―

11 7 , 6 8 7

8,471

5,392

142.61(Reference)

Prior fiscal year
(Fiscal year ended
October 31, 2021)(Note) As the Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations fromthe beginning of the fiscal year ending October 31, 2022, the results for the prior fiscal year are presented using the results prior to the application of the accounting
standard and relevant ASBJ regulations.

3. Reasons for the revision
In the construction industry related to the Kanamoto Group, the trend in public works spending is expected to remain
steady and the trend in private sector construction investment is expected to show signs of recovery for the balance of thefiscal year ending October 31, 2022 amid the impact of global inflation for society as a whole as well as COVID-19. A
full-scale recovery of construction equipment rental demand, however, is expected to take somewhat longer due to factors
such as variations by region.
Furthermore, operating profit, ordinary profit, and profit attributable to owners of parent are projected to be lower thaninitially planned as well, reflecting the trend for rental demand in addition to the effect of the increase of investment into thehuman resources who will be responsible for future growth. In light of these factors, the Company decided to revise its
projected full-year consolidated operating results.

End