Notification Concerning Revision of Projected Operating
Results for the Business Period Ending October 20142014/05/29 in Japan | Page 1/2

Thursday, May 29, 2014

For Immediate Release
Kanamoto Company, Limited
Stock Code 9678
Tokyo Stock Exchange 1st Section; Sapporo Stock Exchange
Kanchu Kanamoto
President and CEO< Contact for inquiries concerning this material >Yuichi Takayama
Manager, Investor and Public Relations, Office of the President
Telephone: + 81–11–209–1631

Notification Concerning Revision of Projected Operating Results
for the Business Period Ending October 2014
Kanamoto Company, Limited, Japan’s leading construction equipment rental company, has made the following
revisions to its projected consolidated and non-consolidated operating results for the fiscal year ending October 31,
2014 (November 1, 2013 - October 31, 2014) released on December 11, 2013, to reflect its latest operating results
trend. Details are provided below.

1. Revised projection of consolidated operating results for the Business Period ending October 2014
Interim period (November 1, 2013 - April 30, 2014)(Unit: Millions of yen except net income per share, which is in yen)
OperatingOrdinary
incomeNet sales
Net income Netincomeincomeper share
Prior projection(A)

59,600

7,390

7,030

3,820

105.99

Revised projection(B)

64,212

10,072

9,860

5,651

156.80

Increase/decrease

(B－A)

4,612

2,682

2,830

1,831

―

(%)

7.7%

36.3%

40.3%

47.9%

―

54,733

6,751

6,714

3,716

11 3 . 2 0

Percent change(Reference) Prior fiscal year interim period(Fiscal year ended October 31, 2013)

2. Revised projection of consolidated operating results for the Business Period ending October 2014
(Unit: Millions of yen except net income per share, which is in yen)
(November 1, 2013 - October 31, 2014)
Operating
Ordinary
incomeNet sales
Net income Net
incomeincomeper share
Prior projection(A)

11 7 , 5 0 0

12,53012,0906,050

167.87

Revised projection(B)

122,600

16,01015,5407,770

215.59

Increase/decrease

(B－A)

5,100

3,480

3,450

1,720

―

(%)

4.3%

27.8%

28.5%

28.4%

―

11 0 , 8 3 1

11 , 3 9 2

11 , 0 7 35,809

175.50Percent change(Reference) Prior fiscal year
(Fiscal year ended October 31, 2013)

Notification Concerning Revision of Projected Operating
Results for the Business Period Ending October 20142014/05/29 in Japan | Page 2/2

3. Revised projection of non-consolidated operating results for the Business Period ending October 2014
(Unit: Millions of yen except net income per share, which is in yen)Interim period (November 1, 2013 - April 30, 2014)
Ordinary
incomeNet sales
Net income Netincome
per share
Prior projection(A)

42,700

5,040

3,010

90.93

Revised projection(B)

46,866

7,714

4,809

133.43

Increase/decrease

(B－A)

4,166

2,674

1,799

―

(%)

9.8%

53.1%

59.8%

―

39,210

4,801

2,907

88.57

Percent change(Reference) Prior fiscal year interim period(Fiscal year ended October 31, 2013)

4. Revised projection of non-consolidated operating results for the Business Period ending October 2014
(Unit: Millions of yen except net income per share, which is in yen)）(November 1, 2013 - October 31, 2014)
Ordinary
incomeNet sales
Net income Net
incomeper share
Prior projection(A)

86,200

9,840

5,090

153.77

Revised projection(B)

91,30012,9306,710

186.18

Increase/decrease

(B－A)

5,100

3,090

1,620

―

(%)

5.9%

31.4%

31.8%

―

81,360

8,861

4,916

148.53

Percent change(Reference) Prior fiscal year
(Fiscal year ended October 31, 2013)

5. Reasons for the revision of projected operating results
The Company has revised its consolidated operating results projection for the interim period because net sales
for the Kanamoto Group are expected to exceed the Company’s prior estimate released on December 11, 2013. In
addition to the acceleration of works related to restoration in the disaster-stricken area, construction equipment
rental equipment demand is being driven by factors such as an increase in public works as the result of economic
policy measures. From an earnings perspective as well, operating income, ordinary income and net income haveincreased with the growth in net sales and as the result of company actions, including steps to restrain selling,
general and administrative expenses, and are expected to substantially exceed Kanamoto’s previously released
estimates.
The Company also has revised its full-year earnings projection because future construction equipment rental
demand is expected to remain strong generally against the backdrop of a nationwide public works andreconstruction effort and a sense of anticipation toward infrastructure maintenance in the Tokyo metropolitan area.
On the other hand, however, the Company has examined the future market trend carefully because areas ofconcern, including uncompleted tenders because of a shortage of skill workers and delayed construction starts,
have not been eliminated.
6. Dividends and expected date for release of Interim Financial Report
For the interim dividend, the Board of Directors plans to discuss implementing a dividend of ¥15 per share,
consisting of the normal dividend of ¥10 per share and a commemorative dividend of ¥5 per share to celebrate the50th anniversary of Kanamoto’s establishment, as set out in the Company’s initial plan.
The Company plans to announce its operating results for the interim period of the business period ending
October 30, 2014 on June 6, 2014.
(Note) The Company’s earnings forecasts were prepared based on information available to the Company as of thedate this material was released.
Actual operating results may differ from the forecast figures as a result of various future factors.
End