Presentation Material
FY2024 1Q
March, 2024
Stock Code: 9678

(Tokyo Stock Exchange Prime Market/Sapporo Securities Exchange)

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Content

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Consolidated Operating Results for the
Fiscal Year Ending October 31, 2023
(Millions of yen)

Operating profit

Ordinary profit

Profit attributable toowners of parent

197,481

11,95812,4886,721¥185.40

5.0％- 9.6％- 9.4％- 19.5％－

188,028

13,22913,7808,345¥224.64－- 9.5％- 10.5％- 6.3％－

189,416

14,624

15,3918,907¥235.55

Net sales
Consolidated operating results for the
fiscal year ending October 31, 2023

% change from prior year
Consolidated operating results for the
fiscal year ended October 31, 2022
% change from prior year
Consolidated operating results for the
fiscal year ended October 31, 2021

250,000

Net salesUp

5.0%

200,000

25,000Operating profit

20,000Down
150,000

9.6%

15,00025,000Ordinary profit

20,000Down

9.4%

25,000EPS

Profit attributable to ownersof parent and EPS

20,000400.00300.0015,00015,000200.00100,000

10,00010,00010,00050,000

5,000

5,000

5,000

0

0

0

0

FY21

FY22

FY23

FY21

FY22

FY23

FY21

FY22

FY23

Down

19.5%

100.00

0.00

FY21

FY22

FY23

※The Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the fiscal year ended October 31, 2022, and the figures for the fiscal year ended October 31,
2022 are figures after the application of the said accounting standard.

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Consolidated Results by Segment
The Construction Equipment Rental Business makes up 90.2% of total sales
while Other Businesses contributed 9.8%.
Other Businesses

Construction Equipment
Rental Business(Steel Product Sales Business, Information-related
Business, Welfare-related Business, etc.)

90.2%

9.8%

178,087million yen（ Up 4.5% from prior year ）Operating profit
10,309 million yen

19,393million yen（ Up 10.2% from prior year ）Operating profit
1,144 million yen

Net sales: 197,481million yen
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Changes in Consolidated Net Sales from
Construction Equipment Rental by Region% change from prior year by region

Hokkaido Region

Up 2.4％

Tohoku Region

Down 6.1％

Kanto & Koushinetsu
RegionUp 4.6％

West Japan Region

Up 0.6％

Kyushu & Okinawa
RegionUp 10.7％

Consolidated total net
sales of construction
equipment rentals Up 4.5％

FY19

FY20

FY21

FY22

FY23

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Construction Equipment Rental Business:
Sales Ratio of Equipment Rentals by Region

FY2022

FY2023

Overseas
3.9％
Kyushu &Okinawa Region
Hokkaido Region
14.5%
23.5％

Overseas
3.7％
Kyushu &Okinawa Region
Hokkaido Region
15.3％
23.0％

West Japan Region
13.6％
Kanto &
Koushinetsu Region
22.3％

West Japan Region
13.1％
Tohoku Region
22.2％

Kanto &
Koushinetsu Region
22.3％

Tohoku Region
22.6％

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Assets Balance Sheet(Millions of yen)

FY2022

ChangeFY2023

AssetsCurrent assets

118,066

120,298

2,232

Cash and deposits

47,56545,611- 1,954

Other current assets

70,501

74,687

4,186

187,253

196,141

8,888

161,728

173,977

12,249282,605

308,318

25,712

Accumulated depreciation- 181,989- 197,632- 15,643

Rental equipment, net

100,616

110,685

10,06961,111

63,291

2,180

Intangible assets

6,717

5,778

- 938

Investments and other assets

18,80816,386- 2,422305,320

316,440

11,120Non-current assets
Property, plant and equipment
Rental equipment

Other property, plant and equipment

Total assets

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Liabilities and Net Assets(Millions of yen)

FY2022

ChangeFY2023Liabilities

82,46587,624

5,158

Notes and accounts payable - trade

33,71436,0772,362

Accounts payable - other

24,85326,075

1,221

Other current liabilities

23,89825,472

1,574

82,242

85,1392,896Long-term borrowings

34,65935,796

1,137

Long-term accounts payable - other41,12142,324

1,203

Other non-current liabilities

6,462

7,018

555

164,708

172,763

8,054

127,616

129,198

1,582

Accumulated other comprehensive income

4,342

5,296

953

Non-controlling interests

8,652

9,181

528

Total net assets

140,611

143,677

3,065

Total liabilities and net assets

305,320

316,440

11,120Current liabilities

Non-current liabilities

Total liabilities
Net assets
Total shareholders’ equity

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Cash Flows(Millions of yen)

Cash and cash equivalents were 45,093million yen,a decrease of 1,953 million yen compared to the previous
consolidated fiscal year.

Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities

50,000

FY2022

FY2023

FY2022

FY2023

Change37,96040,000Cash flow from operating
activities

33,15837,9604,802Cash flow from investing
activities- 11,331- 6,699

4,631

Cash flow from financing
activities- 30,893- 33,995- 3,101

33,15830,00020,00010,0000

Net increase (decrease) incash and cash equivalents
Cash and cash
equivalents at beginningof period
Cash and cash equivalents
carried over at end of
second quarter- 8,790- 2,6856,104-6,699-10,000-11,33155,55747,04747,04745,093- 8,510- 1,953-20,000-30,000-30,893-40,000-33,995

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Copyright © 2024 Kanamoto Co., Ltd. All Rights Reserved.
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Change in Construction Investment in Japan
Gradual increase in investment after hitting bottom at Approx 42 trillion yen in fiscal 2010.
Overall construction investment in FY2024 is expected to increase from the previous year to about 72 trillion yen
80
Private building RR
investment(Expectation)

8.2

8.9

8.9

9.9

10.2

70
60

Private nonresidential building50

Private residentialbuilding

40

6.3

6.5

6.5

16.3

17.0

17.0

17.5

18.2

18.7

19.0

19.0

15.7

16.9

16.7

16.3

15.7

16.8

16.9

17.2

17.2

6.2
14.2
11.0

(Forecast)(Trillions of yen)

(Expectation)

14.6

Public construction 30
investment

18.4

10

19.0

18.0

20.2

21.8

21.6

22.5

25.1

24.0

24.3

25.6

26.0

Fiscal year

2005

2010

2015

2017

2018

2019

2020

2021 (Estim.)

2022 (Estim.)

2023(F’cast.)

2024(F’cast.)

Total construction

51.6

41.9

56.6

61.3

61.8

62.3

66.4

67.8

68.8

71.9

72.4

Change from prior fiscal year(-2.4%)(-2.4%)(19.3%)(4.4%)(0.8%)(0.8%)(6.6%)(2.0%)(1.5%)(4.6%)(0.7%)

Public construction

19.0

18.0

20.2

21.8

21.6

22.5

25.1

24.0

24.3

25.8

26.0

Change from prior fiscal year(-8.9%)(0.3%)(8.6%)(3.8%)(-0.9%)(4.1%)(11.8%)(-4.4%)(0.9%)(6.4%)(0.7%)

Private residential

18.4

13.0

15.7

16.9

16.7

16.3

15.7

16.8

16.9

17.2

17.2

Change from prior fiscal year

(0.3%)(1.1%)(5.5%)(2.9%)(-1.2%)(-2.5%)(-3.9%)(6.8%)(1.0%)(1.5%)(0.2%)

Private non-residential

14.2

11.0

14.6

16.3

17.0

17.0

17.5

18.2

18.7

19.0

19.0

Change from prior fiscal year

(4.0%)(-10.0%)(3.9%)(6.8%)(4.1%)(0.4%)(2.4%)(4.0%)(2.9%)(1.7%)(0.1%)

Private building

―

―

6.2

6.3

6.5

6.5

8.2

8.9

8.9

9.9

10.2

Change from prior fiscal year

―

―

―

(4.5%)(3.7%)(-0.5%)(25.9%)(8.5%)(0.9%)(11.2%)(2.7%)

Substantive construction

57.5

44.9

56.6

60.0

58.6

57.7

61.5

59.9

57.4

58.6

58.6

(-3.4%)(-2.6%)(19.0%)(2.4%)(-2.4%)(-1.5%)(6.7%)(-2.6%)(-4.3%)(2.1%)(0.1%)

20

13.0

0

buildingbuilding

renovation

investment
Change from prior fiscal year

Source: Prepared based on the Construction Economy Model Forecast of Construction Investment (Jan. 2024) published by the Research Institute of Construction and Economy (RICE)

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Corporate Service Price Index (Construction Rental Equipment)
110

The construction equipment rental index shows a stable trend.

100

90

80
2010/122011/122012/122013/12
2014/122015/122016/122017/12Source: Bank of Japan Corporate Service Price Index (CSPI) on the 2015 Year Base (Construction Rental Equipment)

2018/122019/122020/122021/122022/122023/12

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Projected Consolidated Operating Results
for the Fiscal Year Ending October 31, 2024
There is a concern that increase in construction costs may slow down the recovery of demand,
but we expect public investment will remain strong and private capital investment will continue(Millions of yen)
to recover.

Net sales

Operating profit

Ordinary profit

Profit attributable toowners of parent

205,300

14,10014,3008,300¥234.34% change from prior year

4.0％

17.9％

14.5％

23.5％

－

Consolidated results for fiscal year
ended October 31, 2023

197,481

11,95812,4886,721¥185.40

5.0％- 9.6％- 9.4％- 19.5％－

Projected consolidated results for the
fiscal year ending October 31, 2024

% change from prior year

250,000

Net salesUp

4.0%

25,000Operating profit

25,00020,000200,000

Up

17.9%

15,000150,000

Ordinary profit

25,00020,000Up

14.5%

15,000EPS

Profit attributable to owners ofparent and EPS

20,000300.0015,000Up
100,000

10,00010,00010,00050,000

5,000

5,000

5,000

0

0

0

0

FY22

FY23

FY24/E

FY22

FY23

FY24/E

400.00

FY22

FY23

FY24/E

23.5%200.00
100.00

0.00

FY22

FY23

FY24/E※At a meeting of the Board of Directors held on December 8, 2023, the Company resolved to acquire its own shares, and the “Earnings per Share” in the projected consolidated operating results for the fiscal year ending October 31, 2024

takes into account the impact of this acquisition of own shares.

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Highlights (November 1, 2023 - January 31, 2024)
Although net sales remained strong, in terms of profit, operating profit slightly
declined due to slow starts of the overseas business and other businesses.

(Millions of yen)

Net sales

Operating profit

Ordinary profit

Profit attributable toowners of parent

FY ending October 2024 Q1 actual

50,118

2,985

3,200

1,778

¥49.47

Change from same period of prior year

1.2％

- 3.6％- 2.1％

2.3％－

FY ending October 2023 Q1 actual

49,508

3,096

3,267

1,738

¥47.31

5.9%- 6.5％- 6.9％- 16.1％－

46,730

3,311

3,509

2,072

¥55.04

Change from same period of prior year
FY ending October 2022 Q1 actual

Net sales
60,000Operating profit
Up

1.2%

45,000Ordinary profit

6,000

6,000

6,000

4,500

4,500

4,500

Down

3.6%

Down

EPS

Profit attributable to owners ofparent and EPS

2.1%

Up

2.3%

120.0090.00

30,000

3,000

3,000

3,000

60.00

15,000

1,500

1,500

1,500

30.00

0

0

0

0

0.00

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

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Changes in Consolidated Net Sales from
Construction Equipment Rental by Region（1Q）% change from prior year by region

Hokkaido Region

Up 5.1％

Tohoku Region

Down 0.4％

Kanto & Koushinetsu Up 4.7％
RegionWest Japan Region

Up 1.9％Kyushu & Okinawa
RegionUp 1.2％

Consolidated total net
sales of construction
equipment rentals
Up 2.5％

FY20

FY21

FY22

FY23

FY24

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Construction Equipment Rental Business:
Sales Ratio of Equipment Rentals by Region（1Q）

FY2023_1Q

Overseas
3.3％

Overseas
3.5％

Kyushu &Okinawa Region
15.5％

Hokkaido Region
22.6％

West Japan Region
13.5％
Kanto &
Koushinetsu Region
21.9％

FY2024_1Q
Kyushu &Okinawa Region
15.3％

Hokkaido Region
23.2％

West Japan Region
13.4％
Tohoku Region
23.0％

Kanto &
Koushinetsu Region
22.3％

Tohoku Region
22.4％

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Changes in Quarterly Financial Results
Net sales

60,00050,00047,66047,56546,22947,96046,730Operating profit

46,984(Millions of yen)

EBITDA

49,19949,50845,11318,00052,32547,75947,887

50,11815,00040,00012,00030,0009,000

20,000

6,000

10,000

3,000

0

0

FY2021

FY2022

FY2023

FY2024

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

Net sales

47,66047,56546,22947,96046,73046,984

45,11349,19949,50847,75947,88752,325

50,118Operating
Profit

3,953

4,107

2,749

3,813

3,311

3,786

2,064

4,067

3,096

2,231

2,427

4,202

2,985

Depreciation

8,244

7,878

7,701

7,887

7,990

8,094

8,176

8,266

8,581

8,592

8,764

8,952

9,016

EBITDA

12,197

11,986

10,451

11,701

11,302

11,881

10,241

12,333

11,678

10,824

11,192

13,15512,002

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Medium-Term Corporate Management Plan Progress Status
Priority Measures of the Creative 60 Medium-Term Corporate Management Plan

1

Expansion of the Kanamoto Domestic Base of Operations－ Concentrate the Collective Group Capabilities

・Deeply mine existing areas
・Enter new areas and develop areas where Kanamoto has low market share
・Expand into non-construction sectors

2Overseas Expansion － Upgrade to Overseas Strategy 2.0 (Next Generation)
・Optimize a global portfolio
・Establish a Kanamoto global platform
・Inorganic strategy: Overseas M&A initiatives
・Lay the groundwork to raise overseas sales to 10% of total net sales

3

Optimize Internal Operational Processes － Increase Rental Business Profitability
・Integrate marketing and sales strategies with IT・Invest resources in product planning and research and development to develop the technology and systems
needed at construction sites
i.e.: Kana Robo Naccident AX Q-een ICT construction equipment
・Improve operational efficiency
・Build an environment to promote Group logistics i.e.: Cost control, stable long-term operations
・Place emphasis on recruiting and developing human resources
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Expansion of the Kanamoto Domestic Base of Operations
Wind Power Generation

Major Projects Primarily Driving Business Expansion throughout Japan
Constructions ofsemiconductor plants

Linear Chuo Shinkansen.
Geothermal Power Generation

Hokkaido Shinkansen

Hokuriku Shinkansen

Solar Power Generation

Large-scale Refurbishments ofThree NEXCO Companies

Constructions of
Self-Defense Forces Bases

2025 Osaka Expo

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21

Overseas Expansion
The ratio of overseas rental sales by region in the Construction Equipment Rental Business expandedfrom 0.5% in fiscal year ended October 31, 2019 to 3.7% in fiscal year ended October 31, 2023.
We aim for further development in the medium- to long-term.
[TOPICS] 2020 October Established KANAMOTO AUSTRALIA HOLDINGS PTY LTD in Australia
Made Porter Plant Group (Australia) a subsidiary company

Kyushu &Okinawa Region
14.2％
West Japan
Region13.2％

Hokkaido
Region22.2％

Kanto & Koushinetsu
Region22.5％

Kyushu &Okinawa Region
15.3％
West Japan
Region13.1％

FY2019
TohokuRegion27.4％％

Overseas％

Overseas

Hokkaido
Region23.0％

FY2023

Kanto & Koushinetsu
Region22.3％

TohokuRegion22.6％

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Optimize Internal Operational Processes
Amount ofassetsRental unit
price

Utilization
rate

Rental sales

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Optimize Internal Operational Processes

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Numerical Targets
Medium-term Corporate Management Plan - “Creative 60” - (FY2020 - FY2024)
Numeric targets(100 millions of yen)

FY2019Net sales

FY2020

FY2021

FY2022

FY2023

FY2024/E

1,806

1,790

1,894

1,880

1,974

2,053

178

142

146

132

119

141

Equity ratio

43.1%

39.6%

41.8%

43.2%

42.5%

42.5％

EPS (yen)295.30221.45235.55224.64

185.40234.34

BPS (yen)

2,981.68

3,150.30

3,357.10

3,571.98

3729.73

3,919.96

ROA

4.5%

3.0%

3.0%

2.7%

2.2%

2.6%

ROE

10.8%

7.2%

7.2%

6.4%

5.0%

6.1%

563

537

570

562

578

617

Operating profit

EBITDA+

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25

Measures to Implement Managementthat is Conscious of Cost of Capital and Share Price
Analysis of current circumstances

・Improving PBR is an important management issue－To improve the current status of ROE (return on equity) below 8% and PBR (price-to-book ratio) below 1x, we are taking
measures to implement management that is conscious of costs of capital and share price in conjunction with setting a2030 Vision target.
－With the aim of achieving higher capital efficiency that exceeds the current cost of capital of approximately 7% (CAPM:
Capital Asset Pricing Model), we will prioritize efficiency and increase both the utilization and unit price of our rental
assets. Our immediate goal is to quickly recover to an ROE of 8% or higher, and then in the mid to long term, raisethat to 10% or higher. At the same time, we will meet our shareholders’ expectations by continuing our stable dividend
policy and a total payout ratio 50% or higher.
－In addition, with the aim of elevating its position in the global industry from its current ranking of eighth to become one of
the global top five through initiatives such as the continued investment in rental assets and human capital, and domestic
and global M&A, the Company will strive to achieve sustained growth.

Initiatives
１、Increasing profitability
２、Strengthening the policy for shareholder returns
３、Continuing to carry out proactive IR activities
Measures

Specific measures for increasing profitability
１、Improving the utilization rate of rental assets
２、Implementing consolidation, closing or merging of business offices
３、Adjustment of rental unit prices to appropriate prices
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26

2030 Vision
Positioning of the Medium-term
Corporate Management Plan

2020

TOP5 in the global construction equipment rental industry
Emissions from use of fuel/emissions from purchased or acquired
electricity, steam, heat, and cooling
50% reduction by 2030 compared to 2013

Five years of “strengthening the foundation” for 2030

2024

2020 – 2024

Medium-Term Corporate Management Plan “Creative 60”

Sales, profit, ROE, total payout ratio, human resources, etc.

2030

2030
Vision Realization

We will improve corporate value by further strengthen the resilience of our business by developing our business with anawareness of sustainability and by actively responding to various changes in the social environment under the three priority
measures.

2030 Vision

While aiming to build a foundation for sustainable growth, we will contribute to therealization of a sustainable society as a good corporate citizen that coexists with society.
2030 Numerical Targets
Net sales(Consolidated)
Operating profit(Consolidated)¥

225 billion¥20 billion

8%
Total return
Over 50%
ratio
ROE

Over

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27

Investment Strategy Cash Allocation
Promote flexible investment strategy that meet actual demand
Cash Allocation
・ In addition to capital investment in rental assets based on demand trends, we will invest resources in growthinvestments from a medium to long-term perspective
・ In order to improve capital efficiency, we will implement proactive and continuous shareholder returns
・ We strive to balance operating cash flow and investment cash flow to maintain financial soundness
・ For growth investment opportunities such as M&A, we will use financial leverage while monitoring financial
soundness

Rental equipment
investment, etc.

Ascertain demand trends, make strategic
investments to achieve sustainable growth andimprove productivity in core domestic
businesses, and strengthen overseas businesses.

M&A, etc.

Aggressive investment in acquisition of growth
foundation such as new businesses and M&A inorder to improve group value.

Dividend payout andacquisition of treasury
shares, etc.

Continue to pay stable dividends with a target ofa total payout ratio of 50% or more.

Cash flows
EBITDA

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28

Main Comparative Index: EBITDA+ (Consolidated)
EBITDA+ is one major indicator for the amount of new capital investments in rental equipment and other assets.
70,000(Millions of yen)

60,00050,00040,00030,00020,00010,0000FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024/E

Operating profit

16,454

16,27015,134

16,665

17,59917,842

14,25014,624

13,22911,958

14,100Depreciation

17,486

19,752

22,45824,57025,722

27,70529,07331,71232,52834,891

36,000EBITDA

33,94036,02237,592

41,23543,32145,54743,324

46,33645,75846,84950,100Property, plant andequipment
equivalents

7,563

7,306

8,938

10,310

10,542

10,775

10,461

10,694

10,483

11,044

11,600EBITDA+

41,50343,32846,53051,54553,86356,32253,78557,03056,241

57,89461,700Property, plant andequipment
investment

42,40037,36738,29437,674

46,99252,09351,56737,26642,78652,16153,800Free cash flow

- 894

5,960

8,235

13,871

6,871

4,229

2,218

19,764

13,454

5,732

7,900

EBITDA+ refers to EBITDA (operating profit and depreciation) plus property, plant and equipment equivalents.
29
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Dividend Policy
Year-end dividend of 75 yen for the fiscal year ended October 31, 2023 (35 yen interim dividend)Year-end dividend of 75 yen for the fiscal year ending October 31, 2024 (35 yen interim dividend)Continue to pay stable dividends, acquire treasury stock in a flexible manner■ Regular dividend■ Bonus dividend

60
45

20

20

20

20

20

FY09

FY10

FY11

FY12

FY13

35

35

FY14

FY15

FY16

65

65

FY19

FY20

（Yen）

70

75

75

75

FY22

FY23 FY24/E

50

FY17

FY18

FY21

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30

[Disclaimer]

Certain information other than historical facts set forth in this briefing and the briefing materials contain forward-looking
information.
These forward-looking statements are determined based on currently available information and include elements which may differ
substantially from original forecasts.
Therefore, we ask that you refrain from fully rely on these forecasts.
Please be aware actual performance may differ from these forecasts due to changes in a variety of circumstances.

Contact

Kanamoto Public Relations Office

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido 060-0041 Japan
Tel: +81-11-209-1631 (8:30 a.m. to 5:00 p.m. except on weekends and holidays)
Company website: https://www.kanamoto.co.jp/en/
IR Information: https://www.kanamoto.ne.jp/en/
Copyright © 2024 Kanamoto Co., Ltd. All Rights Reserved.
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31

Reference: Company Profile (As of October 31, 2023)
Company Name

Listing Exchanges

Kanamoto Co., Ltd.

Tokyo Stock Exchange, Prime Market
Sapporo Securities Exchange

Head Office

Number of shares issued

1-19, Odori Higashi 3-chome Chuo-ku,
Sapporo, Hokkaido 060-0041 Japan

9678

Business Coordination Headquarters

Number of shares issued

1-7-7, Shiba Daimon, Minato-ku, Tokyo 105-0012 Japan

38,742 thousand

Established

Consolidated Net Sales

October 28, 1964

¥197,481 million (Fiscal year ended October 31, 2023)

Capitalization

Number of Consolidated Employees¥178,290 million (Paid-in capital)

3,910 (As of October 31, 2023)(Excluding directors and temporary or part-time workers)

Principal Businesses
Rental of construction equipment
Sale of steel products
Rental of engineering workstations and computer peripherals

Head OfficeBusiness Coordination
32
Headquarters Copyright © 2024 Kanamoto Co., Ltd. All Rights Reserved.
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Reference: Our History
1964 OctoberKanamoto Shoten Co., Ltd. established (Reorganization in Muroran, Hokkaido)

1972 December

Company name changed to Kanamoto Co., Ltd.

1983 September

Launched Computer and Peripheral Equipment Division

1985 November

Completed online computer system network linking all branches

1991 June

Listed stock on the Sapporo Stock Exchange

1996 March

Listed stock on the Second Section of the Tokyo Stock Exchange

June

Relocated head office functions to Sapporo,Chuo-ku

1998 April

Stock elevated to the First Section of the Tokyo Stock Exchange

2012 June

Converted Unite Co., Ltd. into a subsidiary(Tokyo)

2014 January

Changed stock trading unit size from 1,000 shares to 100 shares2016 March

Converted Nishiken Co., Ltd. into a subsidiary(Fukuoka)

2020 September

Converted SOOKI HOLDINGS Co., Ltd. into a subsidiary(Osaka)

2020 October

Converted Porter Plant Group. into a subsidiary(Australia)

2022 April

Transitioned to Tokyo Stock Exchange Prime Market

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33

Reference: International ranking, etc.
Ranks No. 2 in Japan and No. 8 globally in net sales

INTERNATIONAL rental NEWSCopyright © 2024 Kanamoto Co., Ltd. All Rights Reserved.
Copyright © 2022 Kanamoto Co., Ltd. All Rights Reserved.

34

Reference: History of M&As
Main expansion and enlargement of domestic and overseas base of operations to-dateHistory of M&As

Consolidated SubsidiaryNon-consolidated Subsidiary

Affiliate company

2020 KANAMOTO AUSTRALIA HOLDINGS PTY LTD
MADICA PTY LTD
PORTER EXCAVATIONS PTY.LTD.
PORTER GROUP NOMINEES PTY LTD
PORTER UTILITIES HOLDINGS PTY LTD
PORTER UTILITIES PTY LTD

2022 Central Co., Ltd.
2020 SOOKI HOLDINGS CO., LTD.
SOOKI Co., Ltd.
2020 SOOKI SALES CO., LTD.

2018 KANAMOTO & JP NELSONEQUIPMENT (M) SDN. BHD.

2019 KOMATSU DOBOKU TSUSHO CO., LTD.
SAFETY ISHIKAWA CO., LTD.
2018 CAREWELL ANSHIN CO., LTD.

2017 KANAMOTO (CHINA) INVESTMETN CO., LTD.
2015 PT KANAMOTO INDONESIA
KANAMOTO FECON HASSYU CONSTRUCTION EQUIPMENT RENTAL JSC
SIAM KANAMOTO CO., LTD.
20152017 TOYU ENGINEERING CO., LTD
MEIGI ENGINEERING CO., LTD.
2016 NISHIKEN CO., LTD.

KNK MACHINERY&EQUIPMENT CORPORATION

2014 SHANGHAI KG MACHINERY CO., LTD.
2012 UNITE CO., LTD.
2008 TOYO INDUSTRY CO., LTD.

KG FLOWTECHNO CO., LTD.

2004 KANKI CO., LTD.

2000 KANATECH CO., LTD.
1999 ASSIST CO., LTD.
1972 Company changes name to Kanamoto Co., Ltd.
1964 Kanamoto Shoten Co., Ltd. established

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35

Reference: Branch Network / Alliance Group
Kanamoto Group has 565 bases
Kanamoto itself has 228 branches, and is developing operations in seven foreign countries
Breakdown （As of January 31, 2024）
228 Branches：Kanamoto
337 Branches：Alliance companies

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36

Reference: Overseas Business2014

SHANGHAI KG MACHINERY CO., LTD.

Non-consolidated subsidiary

2015

PT KANAMOTO INDONESIA

Non-consolidated subsidiary

KANAMOTO FECON HASSYU CONSTRUCTION
EQUIPMENT RENTAL JSC

Non-consolidated subsidiary

SIAM KANAMOTO CO.,LTD.

Non-consolidated subsidiaryKNK MACHINERY & EQUIPMENT CORPORATION

Associated company

2017

KANAMOTO (CHINA) INVESTMENT CO., LTD.

Consolidated subsidiary

2018

KANAMOTO & JP NELSON EQUIPMENT (M) SDN. BHD.

Non-consolidated subsidiary

2020

KANAMOTO AUSTRALIA HOLDINGS PTY LTD

Consolidated subsidiary

MADICA PTY LTD

Consolidated subsidiary

PORTER EXCAVATIONS PTY.LTD.

Consolidated subsidiary

PORTER GROUP NOMINEES PTY LTD

Consolidated subsidiary

PORTER UTILITIES HOLDINGS PTY LTD

Consolidated subsidiary

PORTER UTILITIES PTY LTD

Consolidated subsidiary
Copyright © 2024 Kanamoto Co., Ltd. All Rights Reserved.
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37

Reference: Products Provided in Main BusinessApproximately 620,000 units of equipment (1,100 items),
with a movable asset value of 250 billion yen

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38

Reference: 15-year Management Index (Consolidated)(Millions of yen)
FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024/E

Net sales

70,17371,086

86,106

110,831

125,555

133,292

144,870

158,428

168,188

180,694

179,053

189,416

188,028

197,481205,300

Operatingprofit

2,648

2,905

6,430

11,392

16,454

16,27015,134

16,665

17,59917,842

14,25014,624

13,22911,958

14,100Ordinary profit

2,083

2,239

5,932

11,073

16,07816,164

14,405

17,193

17,925

18,277

14,26815,391

13,78012,48814,300

Profit attributable toowners of parent

1,041

1,165

3,575

5,809

9,299

9,557

8,098

10,744

11,857

11,430

8,466

8,907

8,345

6,721

8,300

Net assets

37,02537,592

41,39956,19265,513

71,99881,434

91,788102,031

121,779

126,188

134,917140,611

143,677-

Total assets

108,509

115,120

137,343

169,250

188,082

202,578

220,540

227,155

241,374

268,182

301,533

303,754305,320

316,440-

Net sales

250,000

Operating profit

30,000200,000

24,000150,000

18,000100,000

12,00050,0006,000

00FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024/E

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39

Reference: Share price 2014.4～2024.3

2,000

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40