Notification Concerning Revision of Projected Operating Results for theSix-Month Period of the Fiscal Year Ending October 31, 2023
2023/05/30 on Japan | Page. 1/2

Tuesday, May 30, 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 Operating Results for
the Six-Month Period of the Fiscal Year Ending October 31, 2023
Kanamoto Co., Ltd. has made the following revisions to its projected operating results for the six-month period of thefiscal year ending October 31, 2023 (November 1, 2022 - April 30, 2023) released on December 9, 2022, based onrecent market trends and currently available information.

1. Revised projected figures for consolidated operating results for the six-month period of the fiscal year ending
October 31, 2023 (November 1, 2022 - April 30, 2023)(Unit: Millions of yen except earnings per share, which is in yen)

Net Sales

Operating
ProfitOrdinary
ProfitProfitAttributableto Owners ofParent

Earnings
per Share

Prior projection(A)

96,700

6,200

6,200

3,600

98.78

Revised projection(B)

97,260

5,320

5,480

2,920

8 0 . 11

Increase/decrease

(B–A)

560

-880

-720

-680

―

Percent change

(%)

0.6%

-14.2%- 11 . 6 %-18.9%―

Actual results for thesix-month period in theprevious fiscal year
(Fiscal year endedOctober 31, 2022)

93,715

7,098

7,457

4,540

121.54(Reference)Notification Concerning Revision of Projected Operating Results for theSix-Month Period of the Fiscal Year Ending October 31, 2023Page. 2/2

2. Revised projected figures for non-consolidated operating results for the six-month period of the fiscal year ending
October 31, 2023 (November 1, 2022 - April 30, 2023)(Unit: Millions of yen except earnings per share, which is in yen)

Net Sales

Ordinary
ProfitProfitEarnings
per Share

Prior projection(A)

56,600

2,700

1,800

49.39

Revised projection(B)

57,460

2,030

1,220

33.47

Increase/decrease

(B–A)

860

-670

-580

―

Percent change(%)

1.5%-24.8%-32.2%―

Actual results for thesix-month period in theprevious fiscal year
(Fiscal year ended
October 31, 2022)

57,348

3,781

2,550

68.27

(Reference)

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, the Group worked to create a system to strengthen its ability to respond to various types ofconstruction projects, etc., such as by making upfront investments into rental equipment, where demand is expected, andnewly establishing sales bases.
However, as earnings are expected to fall below the initial plan due to investment in human resources in preparation for thefuture in addition to an increase in depreciation and selling, general and administrative expenses due to absorption-typemerger within the Group, the Company decided to revise make the revisions stated above.
With regard to the full-year projected operating results, demand is expected to recover due to the continuation ofredevelopment construction in urban areas, extension projects for bullet trains and renewable energy-related construction.
The Group is working together to achieve the initial plan by proceeding with various large-scale projects, such as theconstruction of semiconductor plants and security-related construction, primarily in Hokkaido and Kyushu, in addition tobuilding an organizational structure for the optimization of rental unit price and other efforts.
The Company will promptly disclose any necessary revisions to its projected operating results in the future.
4. Scheduled date for announcing dividends and financial results
In accordance with the initial plan, an interim dividend of ¥35 per share will be proposed to the Board of Directors.
Furthermore, the Six-Month Consolidated Financial Report for the Fiscal Year Ending October 31, 2023 (Japan GAAP) is
scheduled to be announced on June 2, 2023 (Friday).
(Note) The projected operating results are based on information available to the Company as of the date of this document’srelease.
Actual results may differ from the projected figures due to various factors arising in the future.

End