Fiscal Year Ending October 31, 2023
Operating Results Briefing Materials
December 11,2023

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

Corporate Officer
Division Manager, Corporate Planning
Division
Nobuyuki Sato
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

1

Content

01

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

02

Projected Consolidated Operating Results for the
Fiscal Year Ending October 31, 2024

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

2

Content

01

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

02

Projected Consolidated Operating Results for the
Fiscal Year Ending October 31, 2024

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

3

Notification Concerning Revision of Projected Full-Year Operating
Results for the Fiscal Year Ended October 31, 2023
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 profit

Ordinary profit

Profit Attributable to
Owners of Parent

EPS

projection

198,000

14,00014,1008,400￥231.28

Revised projection

197,400

11,90012,4006,700￥184.81

Increase/decrease−600−2,100−1,700−1,700―−0.3%−15.0%−12.1%−20.2%―Prior

P e r c e n t

c h a n g e

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

ProfitOrdinary profit

EPS

projection

118,900

7,900

5,300

￥146.30

Revised projection

119,400

6,700

3,500

￥96.54

Increase/decrease500−1,200−1,800―0.4%−15.2%−34.0%―Prior

P e r c e n t

c h a n g e※Dec 1, 2023「Notification Concerning Revision of Projected Full-Year Operating Results for the Fiscal Year Ended October 31, 2023」

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

4

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

Net sales

Profit attributable toowners of parent

EPS

Operating profit

Ordinary profit

197,481

11,95812,4886,721￥185.40

5.0％

−9.6％

−9.4％

−19.5％−

Consolidated operating results for the
fiscal year ending October 31, 2022

188,028

13,22913,7808,345￥224.64% change from prior year−

− 9.5％− 10.5％− 6.3％−

Consolidated operating results for fiscal
year ended October 31, 2021

189,416

14,624

15,3918,907￥235.55

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

% change from prior year

Net sales
250,000

Operating profit
Up 5.0%200,000

25,00025,00025,00020,00020,00020,000

Down 9.6%
150,000

Profit attributable to ownersof parent and EPS

Ordinary profit

15,00015,00015,00010,00010,00010,00050,000

5,000

5,000

5,000

0

0

0

0

FY22

FY23

FY21

FY22

FY23

300.00

Down 9.4%

100,000

FY21

400.00

FY21

FY22

FY23

200.00Down

19.5%
100.00

0.00

FY21

FY22

FY23

※The Company has 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, the percentage of change for net sales from the results for the fiscal year ended October 31, 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 Results by Segment
The Construction Equipment Rental Business makes up 90.2% of total sales
while Other Businesses contributed 9.8%.
Construction Equipment
Rental Business

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

90.2%

9.8%

¥178,087 million yen¥19,393 million yen(Up 4.5% from prior year)(Up 10.2% from prior year)

Operating Profit

Operating Profit¥1,144 million yen￥10,309 million yen

Net sales: ¥197,481 million yen（Up 5.0% from prior year)
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

6

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

Hokkaido Region

Up 2.4%

Tohoku Region

Up 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

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

7

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

FY2023

FY2022
Overseas
3.9％
Kyushu &Okinawa Region
14.5％

West Japan
Region13.6％
Kanto &
Koushinetsu
Region22.3％

Overseas
3.7％
Hokkaido
Region23.5％

TohokuRegion22.2％

Kyushu &Okinawa Region
15.3％

West Japan
Region13.1％
Kanto &
Koushinetsu
Region22.3％

Hokkaido
Region23.0％

TohokuRegion22.6％

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
Kanto &
Koushinetsu

FY2023

Hokkaido
FY2023

West Japan
FY2023

8.0%
49.9%
4.4%

Kyushu*Excluding Okinawa
prefecture

TohokuFY2023

FY202330.7%
17.0%
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

FY2023

ChangeAssetsCurrent assets

118,066

120,298

2,232

Cash and deposits

47,56545,611−1,954

Other current assets

70,501

74,687

4,186

Non-current assets

187,253

196,141

8,888

161,728

173,977

12,249282,605

308,318

25,712−181,989−197,632−15,643

100,616

110,685

10,06961,111

63,291

2,180

Intangible assets

6,717

5,778

−938

Investments and other assets

18,80816,386−2,422

305,320

316,440

11,120Property, plant and equipment
Rental equipment
Accumulated depreciation
Rental equipment, net
Other property, plant and equipment

Total assets

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

10

Liabilities and Net Assets(Millions of yen)

FY2022

FY2023

ChangeLiabilities

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

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

11

Cash Flows(Millions of yen)

Cash and cash equivalents were 45,093 million yen,a decrese of 1,953 million yen compared to the previous
consolidated fiscal year.
FY2022
Cash flow fromoperating activities

33,158FY2023

Change37,9604,802Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
50,000

FY2022

FY202337,96040,00033,15830,000Cash flow frominvesting activities−11,331

Cash flow fromfinancing activities−30,893

Net increase (decrease)in cash and cash
equivalents
Cash and cash
equivalents at beginningof period
Cash and cash
equivalents carried overat end of second quarter−6,6994,631
20,000−33,995−3,101

10,0000−8,790−2,685

6,104-6,699-10,000-11,33155,55747,047−8,510-20,000-30,000

47,04745,093-30,893−1,953-40,000-33,995

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

12

Changes in Quarterly Financial Results(Millions of yen)
Net sales

Operating profit

EBITDA

18,00060,00050,00046,09245,431 45,982

47,660 47,565

46,22947,960 46,730 46,984

49,199 49,508
45,11352,32547,759 47,887

15,00041,54740,00012,00030,0009,000

20,000

6,000

10,000

3,000

0

0

FY2020
1Q

2Q

3Q

FY2021
4Q

1Q

2Q

3Q

FY2022
4Q

1Q

2Q

3Q

FY2023
4Q

1Q

2Q

3Q

4Q

Net sales

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 47,887 52,325

Operatingprofit

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

2,427

4,202

Depreciation

7,188

7,195

7,329

7,359

8,244

7,878

7,701

7,887

7,990

8,094

8,176

8,266

8,581

8,592

8,764

8,952

EBITDA

11,454 12,169

8,747 10,952 12,197 11,986 10,451 11,701 11,302 11,881 10,241 12,333 11,678 10,824 11,192 13,155
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

13

Content

01

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

02

Projected Consolidated Operating Results for the
Fiscal Year Ending October 31, 2024

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 FY2024, construction investment as a whole is expected to increase slightly from the previous
year to approximately ¥72 trillion yen(Expectation)(Expectation)(Forecast) (Trillions of yen)
80
70
Public construction
investment
Private residentialbuilding

60

40
Private nonresidential building
Private building RR
investment

30

14.2
18.4

9.5

9.8

6.5

16.3

17.0

17.0

17.5

18.2

18.7

19.2

19.2

16.7

16.3

15.7

16.8

16.9

17.3

17.5

15.7

16.9

24.0

24.3

25.6

25.7

14.6
13.0

8.9

6.5

11.0

20

8.9

6.3

6.2

50

8.2

19.0

18.0

20.2

21.8

21.6

22.5

25.1

Fiscal year

2005

2010

2015

2017

2018

2019

2020

Total construction

51.6

41.9

56.6

61.3

61.8

62.3

Change from prior fiscal year(-2.4%)(-2.4%)(19.3%)(4.4%)(0.8%)

Public construction

19.0

18.0

20.2

21.8

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

2021

2022

2023

2024

(Estim.)(Estim.)(F’cast.)(F’cast.)

66.4

67.8

68.8

71.5

72.2

(0.8%)(6.6%)(2.0%)(1.5%)(3.9%)(1.1%)

21.6

22.5

25.1

24.0

24.3

25.6

25.7

(3.8%)(-0.9%)(4.1%)(11.8%)(-4.4%)(0.9%)(5.5%)(0.4%)

15.7

16.9

16.7

16.3

15.7

16.8

16.9

17.3

17.5

(1.1%)(5.5%)(2.9%)(-1.2%)(-2.5%)(-3.9%)(6.8%)(1.0%)(2.1%)(1.4%)

14.2

11.0

14.6

16.3

17.0

17.0

17.5

18.2

18.7

19.2

19.2

Change from prior fiscal year

(4.0%)(-10.0%)(3.9%)(6.8%)(4.1%)(0.4%)(2.4%)(4.0%)(2.9%)(2.5%)(0.4%)

Private building renovation

―

―

6.2

6.3

6.5

6.5

8.2

8.9

8.9

9.5

9.8

Change from prior fiscal year

―

―

―

(4.5%)(3.7%)(-0.5%)(25.9%)(8.5%)(0.9%)(6.0%)(3.5%)

Substantive construction investment

57.5

44.9

56.6

60.0

58.6

57.7

61.5

59.9

57.4

58.5

59.0

Change from prior fiscal year(-3.4%)(-2.6%)(19.0%)(2.4%)(-2.4%)(-1.5%)(6.7%)(-2.6%)(-4.3%)(2.0%)(0.9%)

Source: Prepared based on the Construction Economy Model Forecast of Construction Investment (Oct 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)
Construction equipment rental price index trends until September 2023
110

100

90

80
2010/1

2011/1

2012/1

2013/1

2014/1

2015/1

2016/1

2017/1

2018/1

2019/1

2020/12021/12022/12023/1

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, 2024
There is a concern that increase in construction costs may slow down the recovery of demand, but we expect thatpublic investment will remain strong and private capital investment will continue to recover.
(Millions of yen)
Operating profit

Ordinary profit

Profit attributable toowners of parent

205,300

14,10014,3008,300¥234.34

4.0％

17.9％

14.5％

23.5％

−

197,481

11,95812,4886,721￥185.40

5.0％− 9.6％− 9.4％− 19.5％−Net sales
Projected consolidated results for the
fiscal year ending October 31, 2024
% change from prior year
Consolidated results for fiscal year
ended October 31, 2023
% change from prior year

Net sales
250,000

Operating profit
Up 4.0%25,000200,000

20,000150,000

15,000Ordinary profit
25,000Up 17.9%

25,00020,000Up 14.5%

15,000EPS

Profit attributable toowners of parent and EPS

20,000400.00300.0015,000Up 23.5% 200.00

100,000

10,00010,00010,00050,000

5,000

5,000

5,000

0

0

0

0

FY22

FY23

FY24/E

100.00

FY22

FY23

FY24/E

FY22

FY23

FY24/E

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.

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

17

Content

01

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

02

Projected Consolidated Operating Results for the
Fiscal Year Ending October 31, 2024

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 3.7% in fiscal year ended October 31, 2023.
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
15.3％

West Japan
Region13.1％

FY2019
TohokuRegion27.4％％

Overseas

Hokkaido
Region23.0％

FY2023

Kanto &
Koushinetsu
Region22.3％

TohokuRegion22.6％

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

FY2024/E

FY2024/E

Before change

After change

1,806

1,790

1,894

1,880

1,974

2,030

2,053

178

142

146

132

119

146

141

Equity ratio

43.1%

39.6%

41.8%

43.2%

42.5%

44.9％

42.5％

EPS (yen)295.30221.45235.55224.64

185.40250.82234.34

BPS (yen)

2,981.68

3,150.30

3,357.10

3,571.98

3,729.73

3,973.96

3,919.96

ROA

4.5%

3.0%

3.0%

2.7%

2.2％

2.9％

2.6％

ROE

10.8%

7.2%

7.2%

6.4%

5.0%

6.5%

6.1％

563

537

570

562

578

612

617

Operating profit

EBITDA+

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

24

Action to Implement Management That is Consciousof 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
Copyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

25

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 payout
ratio

Over
Over

8%

50%

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

26

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.

27

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)

70,00060,00050,00040,00030,00020,00010,0000FY2014FY2015FY2016FY2017FY2018FY2019FY2020

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

36,000EA33,94036,02237,592

41,23543,32145,54743,324

46,33645,75846,84950,100Property, plant ande q u i p m e n t
e q u i v a l e n t s

7,563

7,306

8,938

10,310

10,542

10,775

10,461

10,694

10,483

11,044

11,600E B I T D A +41,50343,32846,53051,54553,86356,32253,78557,03056,241

57,89461,700Property, plant ande q u i p m e n t
i n v e s t m e n t

42,40037,36738,29437,674

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

ー894

5,960

8,235

13,871

6,871

4,229

2,218

19,764

13,454

5,732

7,900

B

I

T

D

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

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

28

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)
Treasury shares will also be acquired flexibly■Regular dividend（Yen）■ Bonus dividend
75

75 75

FY22

FY23 FY24/E

70
65

65

FY19

FY20

60
50
45

20

20

20

20

20

FY09

FY10

FY11

FY12

FY13

35

35

FY14

FY15

FY16

FY17

FY18

FY21

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

29

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.

30

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

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

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

Capitalization

Number of Consolidated Employees¥17,829 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
Headquarters

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

31

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.

32

Reference: Company Overview
Ranks No. 2 in Japan and No. 8 globally in net sales

INTERNATIONAL rental NEWSCopyright © 2023 Kanamoto Co., Ltd. All Rights Reserved.

33

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.

34

Reference: Branch Network / Alliance Group
Kanamoto Group has 578 bases
Kanamoto itself has 230 branches, and is developing operations in sevenforeign countries
Breakdown （As of Oct 31, 2023）
230 Branches：Kanamoto
348 Branches：Alliance companies

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

35

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.

36

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.

37

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 attributableto owners 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

126,188 134,917

140,611

143,677-

Total assets 108,509 115,120 137,343 169,250 188,082 202,578 220,540 227,155 241,374 268,182 301,533 303,754 305,320 316,440-

Net sales

Operating profit

250,000

30,000200,000

24,000150,000

18,000100,000

12,00050,0006,000

00FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024/E

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

38

Reference: Share price 2013.12〜2023.12

2,000

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

39