Notification Concerning Revision of Projected Full-Year Operating
Results for the Fiscal Year Ended October 31, 2023
2023/12/01 on Japan | Page. 1/2

Friday, December 1, 2023

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 Ended October 31, 2023
Kanamoto Co., Ltd. has made the following revisions to its projected operating results for the fiscal year ended
October 31, 2023 (November 1, 2022 - October 31, 2023) released on December 9, 2022, based on recent market
trends and currently available information.

1. Revised projected figures for full-year consolidated operating results for the fiscal year ended October 31, 2023
(November 1, 2022 - October 31, 2023)(Unit: Millions of yen except earnings per share, which is in yen)

Net Sales

Operating
ProfitOrdinary
ProfitProfitAttributableto Owners ofParentEarningsper SharePrior projection(A)198,000

14,00014,1008,400

231.28

Revised projection(B)

197,400

11 , 9 0 0

12,4006,700

184.81

Increase/decrease

(B–A)

-600

-2,100-1,700-1,700―Percent change

(%)

-0.3%

-15.0%-12.1%-20.2%―

188,028

13,22913,7808,345

224.64(Reference)

Actual results for theprevious fiscal year
(Fiscal year endedOctober 31, 2022)

2. Revised projected figures for full-year non-consolidated operating results for the fiscal year ended October 31,2023 (November 1, 2022 - October 31, 2023)(Unit: Millions of yen except earnings per share, which is in yen)

Net Sales

Ordinary
ProfitProfitEarnings
per Share

Prior projection(A)

11 8 , 9 0 0

7,900

5,300

146.30

Revised projection(B)

11 9 , 4 0 0

6,700

3,500

96.54

Increase/decrease

(B–A)

500

-1,200-1,800―Percent change

(%)

0.4%

-15.2%-34.0%―

11 5 , 7 1 4

7,454

4,959

133.50(Reference)

Actual results for theprevious fiscal year
(Fiscal year ended
October 31, 2022)

Notification Concerning Revision of Projected Full-Year Operating
Results for the Fiscal Year Ended October 31, 2023
Page. 2/2

3. Reasons for the revision
In the construction industry in which the Group is involved, although public sector investment remained firm, and gradual
recovery in private sector construction investment continued, the situation remained unpredictable as there were concerns
about rising construction costs and delays in equipment supply due to semiconductor supply shortages.
In such circumstances, while the Group made upfront investments into rental equipment, where demand is expected, tostrengthen its ability to respond to various types of construction projects, etc., the Group also worked to achieve the initial planby building an organizational structure for the optimization of rental unit price and engaging in other efforts.
However, although the business plans were formulated under the assumption that strong demand would continue in thesecond half of the fiscal year onward, the Group revised the projected figures as shown above because they are projected to
be lower than initially planned due to delays in orders for public works and other factors and the operating results have notrecovered from the weak performance consolidated and non-consolidated in the first half of the fiscal year.
There is no revision to the dividend projection in conjunction with this revision to projected operating results.
(Note) The projected operating results are based on information available to the Company as of the date of this document’s
release.
Actual results may differ from the projected figures due to various factors arising in the future.

End