Fiscal Year Ending October 31, 2023
Second Quarter Operating Results Briefing Materials
June 6, 2023

Stock Code: 9678
(Tokyo Stock Exchange, Prime Market/Sapporo Securities Exchange)
President and CEO
Executive Division Manager,
Business Coordination Headquarters

Tetsuo Kanamoto
Director and Corporate Officer
Division Manager, Accounting Division
General Manager, Public Relations Office

Shun Hirose
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

1

Content

01

Consolidated Second Quarter Operating Results
for the Fiscal Year Ending October 31, 2023

02

Projected Consolidated Operating Results
for the Fiscal Year Ending October 31, 2023

03 Future Expansion: Creative 60
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

2

Content

01

Consolidated Second Quarter Operating Results
for the Fiscal Year Ending October 31, 2023

02

Projected Consolidated Operating Results
for the Fiscal Year Ending October 31, 2023

03 Future Expansion: Creative 60
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

3

Notification Concerning Revision of Projected Operating Results for
the Six-Month Period of the Fiscal Year Ending October 31, 2023
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 profit

Ordinary profit

Profit attributable toowners of parent

EPS

projection

96,700

6,200

6,200

3,600

￥98.78

Revised projection

97,260

5,320

5,480

2,920

￥80.11

Increase/decrease

560

−880

−720

−680

―

0.6%

−14.2%−11.6%−18.9%―Prior

P e r c e n t

c h a n g e

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

ProfitOrdinary profit

EPS

projection

56,600

2,700

1,800

￥49.39

Revised projection

57,460

2,030

1,220

￥33.47

Increase/decrease

860

−670

−580

―

1.5%

−24.8%−32.2%―Prior

P e r c e n t

c h a n g e※May 30, 2023「Notification Concerning Revision of Projected Operating Results for the Six-Month Period of the Fiscal Year Ending October 31, 2023」

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

4

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

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

% change from prior year
Consolidated second quarter operating results forthe fiscal year ending October 31, 2022

EPS

Ordinary profit

97,268

5,327

5,488

2,924

￥80.233.8％−24.9％−26.4％−35.6％−

93,715

7,098

7,457

4,540

￥121.54−−11.9％−13.5％−8.2％−

95,225

8,061

8,626

4,945

￥130.81% change from prior year
Consolidated second quarter operating results forfiscal year ended October 31, 2021

Quarterly profit
attributable toowners of parent

Operating profit

100,000

16,00016,00016,000Quarterly profit attributableto owners of parent and EPS
200.0075,00012,00012,00012,000150.008,000

100.00Down

Net sales

Up 3.8%Operating profit

Ordinary profit

Down 26.4%

Down 24.9%
8,000

8,000

50,00035.6%
25,000

4,000

4,000

4,000

50.00

0

0

0

0

0.00

FY21

FY22

FY23

FY21

FY22

FY23

FY21

FY22

FY23

FY21

FY22

FY23

※As the Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of the fiscal year ended October 31, 2022, thepercentage of change for net sales from the results for the six months ended April 30, 2021, which was prior to the application of the said accounting standard, etc. is not shown.

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

5

Consolidated Second Quarter Results by Segment
The Construction Equipment Rental Business makes up 90.7% of total sales
while Other Businesses contributed 9.3%.
Construction Equipment
Rental Business

Other Businesses(Steel Product Sales Business, Information-related
Business, Welfare-related Business, etc.)

90.7%

9.3%

¥88,248 million yen¥9,019 million yen(Up 3.3% from prior year)(Up 8.7% from prior year)

Operating Profit

Operating Profit¥564 million yen￥4,507 million yen

Net sales: ¥97,268 million yen（Up 3.8% from prior year)
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

6

Changes in Consolidated Second Quarter Net Sales from
Construction Equipment Rental by Region% change from prior year by region

Hokkaido Region

Up 0.2%

Tohoku Region

Up 4.5%

Kanto & Koushinetsu
RegionUp 4.6%

West Japan Region

Up 1.0%Kyushu & Okinawa
RegionUp 11.1%

Consolidated total net sales of
construction equipment rentals

Up 4.1%

FY19

FY20

FY21

FY22

FY23

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

7

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

FY2022_2Q

FY2023_2Q

Overseas
3.7％

Overseas
3.7％

Kyushu &Okinawa Region
15.0％West Japan Region
14.3％
Kanto &
Koushinetsu Region
23.0％

Hokkaido
Region21.0％

Tohoku Region
23.0％

Kyushu &Okinawa Region
16.0％

Hokkaido
Region20.2％

West Japan
Region13.9％
Kanto &
Koushinetsu Region
23.1％

TohokuRegion23.1％

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

8

Changes in market share by region
Promote the improvement of group synergy and the expansion of market share by
expanding and strengthening the base network
FY2022FY2019Kanto &
Koushinetsu

Hokkaido
FY2022FY20197.9%West Japan
FY20198.4%
FY2022

52.8%

54.4%

TohokuFY2022

4.3%

FY2019

4.7%

KyushuFY2022FY2019

17.4%

26.6%

30.6%

17.7%

Source: Calculated uniformly at 2.5% according to the volume base in the Ministry of Land, Infrastructure, Transport and Tourism Construction Statistics Guidebook.
Note: These figures fluctuate with retroactive revisions of the Construction Statistics Guidebook.

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

9Assets Balance Sheet(Millions of yen)

FY2022_4Q

FY2023_2Q

ChangeAssetsCurrent assets

118,066

124,3716,304

Cash and deposits

47,56554,614

7,049

Other current assets

70,50169,756−744

Non-current assets

187,253

187,138−115

161,728

166,145

4,417

282,605

294,838

12,232−181,989−190,717−8,728

Rental equipment, net

100,616

104,121

3,504

Other property, plant andequipment

61,111

62,023912

Intangible assets

6,717

6,208

−508

Investments and other assets

18,80814,784−4,023

305,320

311,509

6,189

Property, plant and equipment
Rental equipment
Accumulated depreciation

Total assets

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

10

Liabilities and Net Assets(Millions of yen)

FY2022_4Q

FY2023_2Q

ChangeLiabilities
Current liabilities

82,46590,371

7,905

Notes and accounts payable - trade

33,71440,183

6,469

Other current liabilities

48,75150,187

1,436

82,24281,505−737

Long-term borrowings

34,65935,073414

Long-term accounts payable - other41,12139,452−1,669Other non-current liabilities

6,462

6,979

517

164,708

171,877

7,168

127,616

126,670

−945

4,342

4,067

−275

8,652

8,894

242

Total net assets

140,611

139,632−978Total liabilities and net assets

305,320

311,509

6,189

Non-current liabilities

Total liabilities
Net assets
Total shareholders’ equity
Accumulated other comprehensive
incomeNon-controlling interests

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

11

Cash Flows(Millions of yen)
Cash and cash equivalents were 54,096 million yen, up 7,049 million yen
Cash flow from operating activities
compared to the previous consolidated fiscal year.

FY2022_2Q

FY2023_2Q

Cash flow from investing activities
Cash flow from financing activities

Change30,000Cash flow fromoperating activities

20,913

26,192

FY2022_2Q

FY2023_2Q
26,192

5,278
25,00020,913

Cash flow frominvesting activities−2,276−2,560−284

20,00015,000Cash flow fromfinancing activities
Net increase (decrease)in cash and cash
equivalents−18,5211,287
10,000

308

6,317

6,009

5,000

0

Cash and cash
equivalents at beginningof period

55,557

Increase in cash and cash
equivalents resulting from
inclusion of subsidiaries in
consolidation−

Cash and cash
equivalents carried overat end of second quarter−17,234

47,047−8,510△5,000731

731△2,276△2,560△10,000△15,000

55,86654,096−1,769△20,000△18,521△17,234

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

12

Changes in Quarterly Financial Results(Millions of yen)
Net sales
50,00045,00047,73046,87044,12646,09245,431 45,982

41,967

Operating profit
47,660 47,565

47,96046,22949,199 49,508
46,730 46,984

47,75910,00045,1139,000

41,54740,0008,000

35,0007,000

30,0006,000

25,0005,000

20,0004,000

15,0003,000

10,000

2,000

5,000

1,000

0

0

FY20191Q

2Q

3Q

FY2020
4Q

1Q

2Q

3Q

FY2021
4Q

1Q

2Q

3Q

FY2022
4Q

1Q

2Q

3Q

FY2023
4Q

1Q

2Q

Net sales

44,126 47,730 41,967 46,870 45,431 45,982 41,547 46,092 47,660 47,565 46,229 47,960 46,730 46,984 45,113 49,199 49,508 47,759

Operatingprofit

3,913

7,352

1,963

4,612

4,266

4,973

1,418

3,592

3,953

4,107

2,749

3,813

3,311

3,786

2,064

4,067

3,096

2,231

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

13

Content

01

Consolidated Second Quarter Operating Results
for the Fiscal Year Ending October 31, 2023

02

Projected Consolidated Operating Results
for the Fiscal Year Ending October 31, 2023

03 Future Expansion: Creative 60
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

14

Nominal Investment Trends in Domestic Construction
Gradual increase in investment after hitting bottom at 42 trillion yen in fiscal 2010 Approx
In FY2023, construction investment as a whole is expected to increase slightly from the previous
year to approximately ¥68 trillion yen(Expectation)(Expectation)(Forecast) (Trillions of yen)
80
70
Public construction
investment
Private residentialbuilding
Private nonresidential building
Private building RR
investment

60
50
40
30

14.2

20

13.0

6.5

8.4

9.4

8.1

9.0

6.2

6.0

16.3

17.0

17.0

17.3

17.7

19.0

19.2

14.6

15.3

15.7

16.5

16.9

16.7

16.3

15.3

16.1

16.2

16.3

24.4

23.4

23.4

23.9

11.0
18.4

6.5

6.3

19.0

18.0

20.2

21.0

21.8

21.6

22.5

Fiscal year

2005

2010

2015

2016

2017

2018

2019

Total construction

51.6

41.9

56.6

58.7

61.3

61.8

Change from prior fiscal year(-2.4%)(-2.4%)(19.3%)(3.7%)(4.4%)

Public construction

19.0

18.0

20.2

21.0

Change from prior fiscal year(-8.9%)(0.3%)(8.6%)

Private residential building

18.4

13.0

Change from prior fiscal year

(0.3%)

Private non-residential building

10
0

2020

2021

2022

2023

(Estim.)(Estim.)(F’cast.)(F’cast.)

62.3

65.4

66.6

66.7

68.4

(0.8%)(0.8%)(4.9%)(1.9%)(0.1%)(2.6%)

21.8

21.6

22.5

24.4

23.4

23.4

23.9

(3.9%)(3.8%)(-0.9%)(4.1%)(8.7%)(-4.3%)(0.1%)(2.3%)

15.7

16.5

16.9

16.7

16.3

15.3

16.1

16.2

16.3

(1.1%)(5.5%)(4.9%)(2.9%)(-1.2%)(-2.5%)(-6.4%)(5.6%)(0.2%)(1.1%)

14.2

11.0

14.6

15.3

16.3

17.0

17.0

17.3

17.7

19.0

19.2

Change from prior fiscal year

(4.0%)(-10.0%)(3.9%)(5.0%)(6.8%)(4.1%)(0.4%)(1.3%)(2.7%)(7.2%)(0.9%)

Private building renovation

―

―

6.2

6.0

6.3

6.5

6.5

8.4

9.4

8.1

9.0

Change from prior fiscal year

―

―

―

(-2.9%)(4.5%)(3.7%)(-0.5%)(29.4%)(11.4%)(-13.2%)(10.6%)

Substantive construction investment

57.5

44.9

56.6

58.6

60.0

58.6

57.7

60.5

58.9

55.5

55.8

Change from prior fiscal year(-3.4%)(-2.6%)(19.0%)(3.4%)(2.4%)(-2.3%)(-1.5%)(5.0%)(-2.7%)(-5.8%)(0.5%)

Source: Prepared based on the Construction Economy Model Forecast of Construction Investment (April 2023) published by the Research Institute of Construction and Economy (RICE)

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

15

Corporate Service Price Index (Construction Rental Equipment)
The construction equipment rental index shows a stable trend.
110

100

90

80
2010/1 2010/7 2011/1 2011/7 2012/1 2012/7 2013/1 2013/7 2014/1 2014/7 2015/1 2015/7 2016/1 2016/7 2017/1 2017/7 2018/1 2018/7 2019/1 2019/7 2020/1 2020/7 2021/1 2021/7 2022/1 2022/7 2023/1
Source: Bank of Japan Corporate Service Price Index (CSPI) on the 2015 Year Base (Construction Rental Equipment)

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

16

Projected Consolidated Operating Results
for the Fiscal Year Ending October 31, 2023
While the economic outlook remains uncertain, public investment continues to be firm,and private capital investment is also expected to continue its trend of gradual recovery (Millions of yen)
Operating profit

Ordinary profit

Profit attributable toowners of parent

198,000

14,00014,1008,400¥230.45

5.3％

5.8％

2.3％

0.7％

−

188,028

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

Net sales
Projected consolidated results for the
fiscal year ending October 31, 2023
% change from prior year
Consolidated results for fiscal year
ended October 31, 2022
% change from prior year

Net sales
250,000

Operating profit
Up 5.3%25,000200,000

20,000150,000

15,000Ordinary profit
25,00025,000Up 5.8%20,000Up 2.3%EPS

Profit attributable toowners of parent and EPS

20,000400.00300.0015,00015,000Up 0.7% 200.00
100,000

10,00010,00010,00050,000

5,000

5,000

5,000

0

0

0

0

FY21

FY22

FY23/E

100.00

FY21

FY22

FY23/E

FY21

FY22

Y23/E

0.00

FY21

FY22

FY23/E※As the Company will apply the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ending October 31, 2022, the above projected consolidated operating
results are after the application of the said accounting standard. As a result, the percentages for net sales for the previous fiscal year and the same period of the previous year are not shown.

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

17

Content

01

Consolidated Second Quarter Operating Results
for the Fiscal Year Ending October 31, 2023

02

Projected Consolidated Operating Results
for the Fiscal Year Ending October 31, 2023

03 Future Expansion: Creative 60
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

18

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
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

19

Expansion of the Kanamoto Domestic Base of Operations
Wind Power Generation

Major Projects Primarily Driving Business
Expansion throughout Japan

Building a semiconductor plantLinear Chuo Shinkansen

Geothermal Power Generation.
Hokkaido Shinkansen

Hokuriku Shinkansen

Solar Power Generation

Large-scale Refurbishments ofThree NEXCO Companies

Construction of a Self-Defense
Forces base2025 Osaka Expo
Kyushu Shinkansen:
Takeo to Nagasaki

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

20

Overseas Expansion
The ratio of overseas rental sales by region in the Construction Equipment Rental Business expanded from 0.5%
in fiscal year ended October 31, 2019 to 3.9%in fiscal year ended October 31, 2022.
We aim for further development in the medium- to long-term.
【TOPICS】2020 October％

Overseas
Kyushu &Okinawa Region
14.2％

West Japan
Region13.2％

Established KANAMOTO AUSTRALIA HOLDINGS PTY LTD in Australia
Made Porter Plant Group (Australia) a subsidiary company

Hokkaido
Region22.2％

Kanto &
Koushinetsu
Region22.5％

Kyushu &Okinawa Region
14.5％

West Japan
Region13.6％

FY2019
TohokuRegion27.4％％

Overseas

Hokkaido
Region23.5％

FY2022

Kanto &
Koushinetsu
Region22.3％

TohokuRegion22.2％

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

21

Optimize Internal Operational Processes
Amountof assets

Rentalunit price

Utilization
rate

Rentalsales

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

22

Optimize Internal Operational Processes

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

23

Revision of the Medium-Term Corporate Management Plan
Numerical Targets
Medium-term Corporate Management Plan - “Creative 60” - (FY2020 - FY2024)
Numeric targets(Millions of yen)
FY2019Net sales

FY2020

FY2021

FY2022

FY2023/E

FY2024/E

1,806

1,790

1,894

1,880

1,980

2,030

178

142

146

132

140

146

Equity ratio

43.1%

39.6%

41.8%

43.2%

43.8%

44.9％

EPS (yen)295.30221.45235.55224.64231.87250.82

BPS (yen)

2,981.68

3,150.30

3,357.10

3,571.98

3,752.40

3,973.96

ROA

4.5%

3.0%

3.0%

2.7%

2.7%

2.9%

ROE

10.8%

7.2%

7.2%

6.4%

6.3%

6.5%

563

537

570

562

597

612

Operating profit

EBITDA+

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

242030 Vision
TOP5 in the global construction equipment rental industry

Positioning of the Medium-term
Corporate Management Plan
2020

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

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

2030

2030
Vision Realization

2020 – 2024
Medium-Term Corporate Management Plan “Creative 60”

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 threepriority measures.

2030 Vision
While aiming to build a foundation for sustainable growth, we will contribute to the realizationof 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¥

ROE
Total return
ratio

Over
Over

8%

50%

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

25

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

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

26

Main Comparative Index: EBITDA+ (Consolidated)
EBITDA+ is one major indicator for the amount of new capital investments in rental equipment andother assets.

(Millions of yen)

60,00040,00020,0000FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021
2Q

FY2021

FY20222Q

FY2022

FY20232Q

FY2023/
E

Operating profit

11,392

16,454

16,27015,134

16,665

17,59917,842

14,2508,061

14,624

7,098

13,2295,327

14,000Depreciation

14,767

17,486

19,752

22,45824,57025,722

27,70529,073

15,93431,712

16,08432,52817,17434,300E B I T D A

26,15933,94036,02237,592

41,23543,32145,54743,32423,99546,33623,18345,75822,502

48,300Property, plantand equipment
equivalents

7,695

7,563

7,306

8,938

10,310

10,542

10,775

10,461

5,166

10,694

5,096

10,483

5,313

11,500E B I T D A +33,85441,50343,32846,53051,54553,86356,32253,78529,161

57,031

28,27956,241

27,81559,800Property, plantand equipment
investment

37,61142,40037,36738,29437,674

46,99252,09351,567

20,72537,26623,35742,786

22,41153,300Free cash flow

△3,757

△894

5,960

8,235

13,871

6,871

4,229

2,218

8,436

19,764

4,921

13,454

5,403

6,500

EBITDA+ refers to EBITDA (operating profit and depreciation) plus property, plant and equipment equivalents.

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

27

Dividend Policy
Year-end dividend of 75 yen for the fiscal year ended October 31, 2022 (35 yen interim dividend)Year-end dividend of 75 yen for the fiscal year ending October 31, 2023 (35 yen interim dividend)
Treasury shares will also be acquired flexibly■Regular dividend（Yen）■ Bonus dividend
75

75

70
65

65

FY19

FY20

60
50
45

20

20

20

20

20

20

FY08

FY09

FY10

FY11

FY12

FY13

35

35

FY14

FY15

FY16

FY17

FY18

FY21

FY22 FY23/E

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

28

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/[Disclaimer]
Certain information other than historical facts set forth in this briefing and the briefing materials contain forwardlooking 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.

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

29

Reference: 15-year Management Index (Consolidated)(Millions of yen)
FY2009FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023/E

Net sales

63,86370,17371,086

86,106

110,831

125,555

133,292

144,870

158,428

168,188

180,694

179,053 189,416

188,028

198,000

Operatingprofit

137

2,648

2,905

6,430

11,392

16,454

16,27015,134

16,665

17,59917,842

14,25014,624

13,22914,000Ordinary
profit

-222

2,083

2,239

5,932

11,073

16,07816,164

14,405

17,193

17,925

18,277

14,26815,391

13,78014,100

Profit attributableto owners of parent-1,158

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

8,400

Net assets

36,54137,02537,592

41,39956,19265,513

71,99881,434

91,788102,031

121,779

126,188 134,917

140,611-

Total assets

96,435

108,509

115,120

137,343

169,250

188,082

202,578

220,540

227,155

241,374

268,182

301,533 303,754

305,320-

Net sales

Operating profit

200,000

30,000160,000

24,000120,000

18,00080,00012,00040,0006,000

00FY2009FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023/E

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

30

Reference: Share price 2013.6〜2023.6

2,000

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

31

Reference: Company Profile (As of October 31, 2022)
Company Name

Listing Exchanges

Kanamoto Co., Ltd.

Tokyo Stock Exchange, Prime Market／Sapporo Securities Exchange

Head Office

Stock Code

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

¥188,028 million (Fiscal year ended October 31, 2022)

Capitalization

Number of Consolidated Employees¥17,829 million (Paid-in capital)

3,832 (As of October 31, 2022)(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
Headquarters

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

32

Reference: Company Overview
Ranks No. 2 in Japan and No. 8 globally in net sales
Selected as a constituent issue of the JPX-Nikkei Mid and Small Cap Index for seven consecutive years since 2016
INTERNATIONAL rental NEWS

Stock index developed jointly by the Tokyo Stock Exchange of Japan Exchange Group, Inc. and Nihon Keizai Shimbun Inc.
200 issues other than large-cap stocks that have been selected from among companies that are highly attractive toinvestors and that have fulfilled global investment criteria such as a management viewpoint that considers efficient
capital use and investors.
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

33

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)
October
2022 April

Converted Porter Plant Group. into a subsidiary(Australia)
Transitioned to Tokyo Stock Exchange Prime Market
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

34

Reference: M&A trajectory
Main expansion and enlargement of domestic and overseas base of operations to-date
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.

2017 TOYU ENGINEERING CO., LTD
MEIGI ENGINEERING CO., LTD.
2016 NISHIKEN CO., LTD.

2015 KNK MACHINERY&EQUIPMENT CORPORATION
2014 SHANGHAI KG MACHINERY CO., LTD.

2014 ASAHI RENTAX CO., LTD.
2012 UNITE CO., LTD.
2008 TOYO INDUSTRY CO., LTD.

KG FLOWTECHNO CO., LTD.

2004 KANKI CO., LTD.
2001 DAIICHI KIKAISANGYO CO., LTD.
2000 KANATECH CO., LTD.
1999 ASSIST CO., LTD.
1972 Company changes name to Kanamoto Co., Ltd.
1964 Kanamoto Shoten Co., Ltd. established

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

35

Reference: Branch Network / Alliance Group
Kanamoto Group has 575 bases
Kanamoto itself has 231 branches, and is developing operations in sevenforeign countries
Breakdown （As of April 30, 2023）
231 Branches：Kanamoto
344 Branches：Alliance companies

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

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 © 2023 Kanamoto Co., Ltd. All Rights Reserved.

37

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

Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

38