Three-month Consolidated Financial Report for the
Fiscal Year ending October 31, 2012 [Japan GAAP]
March 9, 2012
Listed Company Name
Kanamoto Company, Ltd.
Company Code Number 9678
Listing Exchanges
Tokyo Stock Exchange, Sapporo Stock Exchange(URL
http://www.kanamoto.co.jp)
Representative
Kanchu Kanamoto President
Inquiries
Nobuhito Utatsu
Director & Corporate Officer, Division Manager, Accounting Division
TEL 81-11-209-1600
Please send inquiries in English to takayama@kanamoto.co.jp.
Scheduled date for submission of Quarterly Report
March 15, 2012
Scheduled date for commencement of dividend payments–
Preparation of Quarterly Settlement Supplementary
Explanatory Materials
No
Quarterly Earnings Briefings
No
1. Operating Results for the Three-Month Period of the Fiscal Year Ending October 31, 2012
(November 1, 2011 – January 31, 2012)(1) Consolidated Operating Results (Cumulative) (Numbers less than one million yen have been rounded down)(Percentages shown are the percent increase or decrease compared to the same period of the prior consolidated fiscal year)

Operating
IncomeRevenues
Millions of yen％

Ordinary
IncomeMillions of yen％

Millions of yen

Net Income％

Millions of yen％

Fiscal Year ending October 31,
20,91514.4
2,316 107.9
2,176 122.1
1,165 228.7
2012: First quarter
Fiscal Year ended October 31,
18,280 －2.2
1,114 －33.2
979 －38.6
354 －58.4
2011: First quarter
Note: Comprehensive income
Fiscal Year Ending October 31, 2012 First Quarter:¥1,251 million (118.2%)
Fiscal Year Ended October 31, 2011 First Quarter:¥ 573 million (–%)
Diluted Net
Income per
Share

Net Income
per Share
Yen

Fiscal Year ending October 31,
2012: First quarter
Fiscal Year ended October 31,
2011: First quarter

Yen

35.51

―

10.80

―

Total Assets

Net Assets(2) Consolidated Financial Position

Millions of yen

Shareholders’Equity Ratio

Millions of yen

Fiscal Year ending October 31,
123,542
2012: First quarter
Fiscal Year ended October 31,
115,120
2011(Reference) Shareholders’ equity

1％

38,47330.7

37,592

32.2

Fiscal Year Ending October 31, 2012 First Quarter:
Fiscal Year Ended October 31, 2011:¥37,969 million¥37,085 million

2. Dividends
End of 1Q

Dividend per Share
End of 2Q End of 3Q Year-end

Yen

Yen

Yen

Yen

Fiscal year ended October 31, 2011
10.00
Fiscal year ending October 31, 2012
Fiscal Year ending October 31, 2012
10.00
(Projected)(Note) Has the Company revised its projected dividends during this quarter?

Full year
Yen

10.00

20.00

10.00

20.00

No

3. Projected Consolidated Operating Results for the Fiscal Year Ending October 2012
(November 1, 2011 - October 31, 2012)(Percentages indicate percent change from prior fiscal year)

Operating
IncomeRevenues
Millions of yen％

Millions of yen

Ordinary
Income％Millions of yen

Net Income
per Share

Net Income％

Millions of yen

Interim(Year-to-date)

36,330

2.9

2,250

30.5

1,900

34.9

830

Full year

72,610

2.1

3,780

30.1

3,040

35.7

1,350

％

Yen

25.28
15.8

41.12

(Note) Has the Company revised its most recently released projected consolidated operating
results during the quarter?
No2

4. Other(1) Were there changes to material subsidiaries during the period under review?: No
Note: Transfer of specified subsidiaries in conjunction with revisions to the scope of
consolidation during the quarterly accounting period.
)
Company newly included (Company name:Company newly excluded (Company name:)(2) Application of special accounting method in the preparation of quarterly consolidated
financial statements: Yes(3) Changes in accounting principles, changes in accounting estimates and retrospective
restatements(a) Changes in accounting principles in conjunction with a revision to accounting
standards: No(b) Changes other than the above: No(c) Changes in accounting estimates: No(d) Retrospective restatements: No(4) Number of shares issued (common stock)(a) Number of shares outstanding at the end of the period (including treasury stock)
Fiscal year ending October 31, 2012 First Quarter:
32,872,241 shares
32,872,241 sharesFiscal year ended October 31, 2011:(b) Number of shares of treasury stock at the end of the period
Fiscal year ending October 31, 2012 First Quarter:
37,285 shares
37,712 sharesFiscal year ended October 31, 2011:(c) Average number of shares during the period (consolidated year-to-date)
32,834,534 sharesFiscal year ending October 31, 2012 First Quarter:
32,835,326 sharesFiscal year ended October 31, 2011 First Quarter:
Note: Disclosure concerning status of implementation of quarterly review procedure
This quarterly earnings report is exempt from the quarterly review procedure based on the
Financial Instruments and Exchange Act. At the time of disclosure of this quarterly earnings
report, the Company has not completed the quarterly review procedure for financial statements.
Note: Explanation concerning appropriate use of the projected operating results and other items
to noteNote Concerning Forward-Looking Statements
The above projections were prepared based upon information available to the Company at thetime the projections were announced as well as various assumptions concerning the future
economic and business environment. Actual operating results may differ from the projected
figures depending upon various factors in the future. Please refer to the Qualitative Information
Concerning Projected Operating Results on Page 3 of the Attachments for the conditions used asassumptions for the projected operating results and matters to note before using the projected
operating results.

3

Attachments Table of Contents
I. Qualitative Information Concerning Quarterly Consolidated Operating Results .......................... 2
1. Qualitative Information Concerning Consolidated Operating Results.................................... 2
2. Qualitative Information Concerning Consolidated Financial Position .................................... 3
3. Qualitative Information Concerning Projected Consolidated Operating Results ...................... 3
II. Matters Concerning Summary Information (Other).............................................................. 3
1. Changes to Material Subsidiaries during the Consolidated Period under Review ................... 3
2. Application of Special Accounting Method in the Preparation of Quarterly Consolidated
Financial Statements ................................................................................................... 3
3. Supplemental Information ............................................................................................ 3
III. Quarterly Consolidated Financial Statements ................................................................... 5
1. Quarterly Consolidated Balance Sheets .......................................................................... 5
2. Quarterly Consolidated Consolidated Statements of Income and Quarterly Consolidated
Statements of Comprehensive Income ........................................................................... 7
Quarterly Consolidated Consolidated Statements of Income
Three-Month Period Ended January 31, 2012............................................................. 7
Quarterly Consolidated Statements of Comprehensive Income
Three-Month Period Ended January 31, 2012............................................................. 8
3. Notes Relating to the Going Concern Assumption ............................................................. 9
4. Business Segment Information .................................................................................... 9
5. Notes on Significant Changes to Shareholders’ Equity..................................................... 10

4

I. Qualitative Information Concerning Quarterly Consolidated Operating Results
1. Qualitative Information Concerning Consolidated Operating Results< Management Environment > (From November 1, 2011 to January 31, 2012)
During the first quarter of the Kanamoto Group’s current fiscal year, improvement in the
manufacturing sector continued as the supply chain was restored after being disrupted by theGreat East Japan Earthquake, and Japan’s economy ostensibly turned toward recovery,
supported by restoration demand from the stricken areas. On the other hand, with the global
economy decelerating because of the debt crisis in Europe, and Japanese businesses generally
marking time because of concerns over future corporate operating results under the impact of
the historically strong yen and widespread damage to the production facilities of many Japanesefirms from flooding in Thailand, the future outlook remains clouded.
< First Quarter Consolidated Operating Results > (From November 1, 2011 to January 31, 2012)
In the engineering works and construction market related to the Kanamoto Group, construction
work orders exhibited a rising trend driven by restoration and reconstruction demand following
the Great East Japan Earthquake. When viewed nationally, however, moves to reduce public
works in conjunction with budget cutbacks are continuing, while in the private sector, a prudent
stance toward capital investment has spread because of the uncertain prospects for the global
economy. Taken together, these factors have produced greater polarization in the management
environment by region. A similar tendency is occurring in the construction equipment rental
market as well as a result of the regions where businesses are developing branches, and thetypes of construction equipment companies are holding.
In light of these circumstances, the Kanamoto Group responded zealously to the infrastructure
restoration and reconstruction demand in the disaster-stricken areas in eastern Japan and areas
hard-hit by typhoon damage and localized torrential rains. The Group also actively proceeded toadopt and provide customers with the latest technology, including information-aided construction,
and with labor-saving new commercial products. Through these measures and success in its
efforts to methodically select and concentrate operations, including optimum positioning of rental
assets and cost reductions, the Group significantly increased both revenues and earnings
compared with its initial plan.
As a result of these factors, consolidated revenues for the first quarter of the Business Period
ending in October 2012 were ¥20,915 million, up 14.4% compared with the same period of theprevious consolidated fiscal year.
In terms of earnings, operating income rose 107.9% from the same period of the previous
consolidated fiscal year to ¥2,316 million, ordinary income climbed 122.1% year-on-year to¥2,176 million and net income soared 228.7% year-on-year to ¥1.165 million.
Operating results for each segment of the Kanamoto Group are discussed below.
[ Business related to the Construction Equipment Rental Division ]Construction equipment rental revenues tended to exceed the level in the same period of theprevious year in all of the Kanamoto Group’s regions. In addition to restoration demand following
the earthquake and heavy rainfall disasters, revenues were boosted by increased demand forsnow removal-related products because of record-breaking snowfalls, and by an improved supply

5and demand situation for construction equipment in other regions as large quantities of
construction equipment were redirected into stricken areas.
Looking at construction-related business revenues by region, revenues for the first quarter
increased 7.6% year-on-year because of engineering works in the Hokkaido Region, a sector inwhich Kanamoto excels, and the implementation of a strong business development effort
targeting construction activities.
In the Tohoku Region, revenues increased 44.8% compared with the same period of theprevious year, reflecting snow removal demand in areas along the Sea of Japan, as well as
restoration and reconstruction demand-related works in the three prefectures damaged by theearthquake and tsunami. Revenues in the Kanto Region were up 15.4% over the period one year
earlier, mainly because of public works, including the construction of three ring roads(Metropolitan Inter-City Expressway, Tokyo Outer Ring Road and Central Circular Route), and apartial recovery trend in condominium construction in the Tokyo metro area. In the Kinki &Chubu Region, private sector capital investment broke out of its slump in the metropolitan areasand helped boost revenues by 6.2%, and in the Kyushu & Okinawa Region, revenues rose 13.9%
thanks to works to repair heavy rainfall damage.
Overseas, revenue increased 25.1% from the same period one year earlier, as Shanghai
Jinheyuan Engineering Construction Co., Ltd. opened successive offices in China.
Turning to overseas sales of used construction equipment, sales declined 36.2% year-on-year,
in line with the Company’s initial plan, as sales were postponed because of the priority on using
equipment to meet earthquake recovery demand.
As a result of these factors, first quarter revenues for Kanamoto’s construction-related
businesses improved 15.9% from the same period of the previous consolidated fiscal year to¥19,288 million, and operating income expanded 118.6% year-on-year to ¥2,237 million.
[ Other Businesses ]In the steel products sales business the Company is developing in Hokkaido, revenues for the
first quarter of the current consolidated fiscal year slipped 2.6% from the same period one year
earlier as construction works were postponed because of the effect of the earthquake. In contrast,
the Company’s information and telecommunications-related division achieved growth in both
personal computer rental demand and personnel placement, and revenues expanded 15.3%.
As a result of the above activities, for the first quarter of the current consolidated fiscal year,
revenues in the Company’s other businesses edged down 0.5% from the same period one year
ago to ¥1,626 million, and operating income declined 13.2% from the prior year to ¥40.0 million.
[ Business development issues deserving special mention and status of branch officechanges ]During the first quarter of the current consolidated fiscal year, Kanamoto opened two newbranches, the Miyako Branch (Yamada Town, Shimohei-gun, Iwate Prefecture) and the Kameishi
Branch (Kameishi City, Iwate Prefecture). The Company closed its Shimukappu Equipment
Center (Shimukappu Village, Yufutsu-gun, Hokkaido) and Isawa Equipment Center (Oshu City,
Iwate Prefecture).
2. Qualitative Information Concerning Consolidated Financial Position

6

(1) Assets, liabilities and net assets
Total assets at the end of the first quarter under review increased by ¥8,421 million comparedwith the end of the prior consolidated accounting fiscal year to ¥123,542 million. This change
mainly reflected an increase of ¥3,693 million in cash and deposits from the collection of
accounts receivable, trade, and an increase of ¥3,697 million in rental equipment.
Total liabilities were ¥85,068 million, an increase of ¥7,541 million compared with the end of
the prior consolidated fiscal year. The main factors behind this change were an increase in notes
and accounts payable, trade of ¥1,463 million, an increase in long-term bank loans of ¥1,669
million and an increase in long-term accrued expenses, including the installment payment
contract used to purchase rental equipment and other assets, of ¥3,216 million.
Total Net Assets were ¥38,473 million, ¥880 million higher than at the end of the priorconsolidated fiscal year. The main factors behind this change were net income of ¥1,165 million
reported for the first quarter of the current consolidated fiscal year, and a decrease of ¥328
million as a year-end dividend for the prior consolidated fiscal year.
3. Qualitative information concerning projected consolidated operating results
These projected consolidated operating results were prepared using projections based on
information available to the Company as of the date this material was released and forecasts ofthe future economic, environment, and include various risks and uncertainty factors.
Accordingly, there is a possibility the Company’s actual consolidated operating results will differ
from the projected amounts shown above as a result of various future factors, including but notlimited to economic conditions surrounding the Company, market trends, and competitive
conditions.
II. Matters Concerning Summary Information (Other)
1. Changes to material subsidiaries during the consolidated period under review
During the first quarter of the current consolidated fiscal year, Kanamoto absorbed and mergedwith SRG Kanamoto Co., Ltd., a consolidated subsidiary, with Kanamoto as the surviving entity.
2. Application of special accounting method in the preparation of quarterly consolidated
financial statements
1. Appraisal methods for inventory assets
The appraisal value of inventories at the end of the first quarter under review has been
calculated using a rational method based on physical inventories at the end of the previous
consolidated accounting fiscal year, rather than physical inventories at the end of the quarter
under review.
To write down the book value of inventory, the Company estimates the net selling values ofassets for which there has been a clear decline in profitability, and writes down the bookvalues to those amounts.
2. Method of calculating fixed asset depreciation expense
For depreciation and amortization expense for fixed assets for which it has adopted thedeclining balance method, the Company calculates the amount of depreciation andamortization pertaining to the consolidated fiscal year on a pro-rata basis for each period.

7

3. Supplemental information(Retirement allowances to directors and auditors)
Kanamoto and certain of its consolidated subsidiaries resolved at the Board of Directors of eachcompany to discontinue the system for retirement allowances to directors and auditors, and atermination payout to directors and auditors in conjunction with discontinuation of the system for
retirement allowances to directors and auditors was resolved and approved by the Regular
General Meeting of the Shareholders of each company.
In accordance with this change the Company reversed the full amount of retirement allowances
to directors and auditors corresponding to the period until the conclusion of the General Meetingof the Shareholders, and has reported the unpaid amount of ¥217,138,000 in conjunction withthe termination payout in long-term accrued expenses under long-term liabilities.
(Accrued employees’ retirement benefits)
Kanamoto and certain of its consolidated subsidiaries discontinued the accrued employees’
retirement benefits system for Corporate Officers at the conclusion of the Regular General
Meeting of the Shareholders, based on a resolution of the Board of Directors of each company.
Furthermore, when the termination payout to directors and auditors was resolved at theGeneral Meeting of the Shareholders, the Company similarly made a termination payout to its
Corporate Officers.
In accordance with this change the Company has reported the accrued employees’ retirement
benefits of ¥34,805,000 for the period until the conclusion of the General Meeting of the
Shareholders in long-term accrued expenses under long-term liabilities.
(Application of the Accounting Standard for Accounting Changes and Error Corrections)
Beginning with accounting changes and corrections of past reporting errors that are made after
the beginning of the first quarter of the current consolidated fiscal year, the Company has
adopted the Accounting Standard for Accounting Changes and Error Corrections (AccountingStandards Board of Japan Statement No. 24 dated December 4, 2009) and the Guidance on
Accounting Standard for Accounting Changes and Error Corrections (Accounting Standards Boardof Japan Guidance No. 24 dated December 4, 2009).
(Effect of revisions to the corporation tax rate)
The Act for Partial Amendment of the Income Tax Law Etc. for Construction of a Tax System
Corresponding to Changes in the Structure of the Economy and Society (Act No. 114 of 2011)
and the Special Measures Act to Secure the Financial Resources Necessary to Implement
Measures for Restoration from the Great East Japan Earthquake (Act No. 117 of 2011) wereenacted on December 2, 2011, and revisions to the corporation tax rate and the assessment of
the restoration special corporation tax will become effective in the consolidated fiscal year
beginning from April 1, 2012. In conjunction with these laws, the statutory effective tax rateused to calculate deferred tax assets and deferred tax liabilities will be changed from 40.4%, therate traditionally applied, to 37.7% of the temporary difference in cancellations expected fromthe consolidated fiscal year beginning after November 1, 2012 to the consolidated fiscal year
beginning on November 1, 2014, and to 35.3% of the temporary difference in cancellations
expected after the consolidated fiscal year beginning on November 1, 2015.

8Based on this tax rate revision, the Company has reduced the amount of deferred tax assets(amount after deducting the amount of deferred tax liabilities) by ¥38,874,000, and increased
the adjustment for corporate and other taxes by ¥59,982,000.

9III. Quarterly Consolidated Financial Statements
1. Quarterly Consolidated Balance Sheets(Unit: Thousands of yen)
Prior Consolidated Fiscal Year(As of October 31, 2011)

Current Consolidated Fiscal YearFirst Quarter(As of January 31, 2012)

AmountAmountClassification(Assets)
Current assets
Cash and deposits

20,059,836

23,753,290

Notes and accounts receivable, trade16,419,596

17,101,774

Negotiable securities

350,000

350,000

Work in progress

33,29925,755Merchandise and finished goods

621,325

630,510

Raw materials and supplies

198,063

215,057

Construction equipment

1,557,207

2,137,479

Income taxes receivable

10,156－

Consumption tax receivable

103,824

13,263

Deferred tax assets

383,915

304,756

Other

606,178505,542-368,095-378,189

72,929,202

78,281,693

Accumulated depreciation-41,233,812-42,888,507

Net rental Equipment assets

31,695,389

35,393,186

20,871,684

21,020,910

Accumulated depreciation-13,481,705-13,621,367

Net buildings and structures

7,389,979

7,399,542

Machinery, equipment, vehicles anddelivery equipment

5,131,902

5,137,546-4,491,947-4,510,533

639,955

627,012Land

29,907,779

29,908,929

Other

1,422,796

1,454,069-1,186,184-1,198,445

236,611

255,624

69,869,715

73,584,295

Goodwill

159,081

114,287

Other

243,722

224,779

402,804

339,066

Allowance for doubtful accounts
Total Current Assets
Fixed assets
Tangible fixed assets
Rental equipment assets

Buildings and structures

Accumulated depreciation
Net machinery, equipment, vehicles
and delivery equipment

Accumulated depreciation
Net other
Total Tangible Fixed Assets
Intangible fixed assets

Total Intangible Fixed Assets

1

Investments and other assets
Investment securities

3,202,316

3,277,697

Deferred tax receivable

658,472

672,670

Other

1,866,172

1,857,521

Allowance for doubtful accounts-732,482-726,377

Allowance for investment loss

-122,010-122,010

Total Investments and Other Assets

4,872,468

4,959,502

Total Fixed Assets

75,144,988

78,882,865

Total Assets

115,120,298

123,542,106

Prior Consolidated Fiscal Year(As of October 31, 2011)

Current Consolidated Fiscal YearFirst Quarter(As of January 31, 2012)

AmountAmountClassification(Liabilities)
Current liabilities
Notes and accounts payable, trade

13,318,570

14,781,577

Short-term bank loans

11,155,150

11,086,860

Long-term bank loans due within one year

9,853,531

10,376,058

22,00011,0001,087,355

1,284,292

Corporate taxes payable322,353

896,286

Accrued bonuses to employees

531,006

283,933

Allowance for disaster losses

289,850

280,066

Accounts payable, other7,574,532

7,524,920

Other

1,188,201

1,541,543

45,342,552

48,066,537

Long-term bank loans

17,063,051

18,732,580

Lease obligations

1,430,603

1,618,824

Accrued employees retirement benefits

37,455

2,457

Retirement allowances to directors andauditors

210,336－

Long-term accrued expenses

13,251,369

16,468,213

Asset retirement obligations

147,078

149,640

Other

45,14330,624

Total Long-term Liabilities

32,185,039

37,002,340

Total Liabilities

77,527,592

85,068,878

Current portion of bonds
Lease obligations

Total Current Liabilities
Long-term liabilities
Bonds(Net Assets)
Shareholder’s equity

2

Capital stock

9,696,717

9,696,717

Capital surplus

10,960,749

10,960,761

Retained earnings

16,297,314

17,118,887-25,240-24,954

36,929,541

37,751,411

Valuation difference on other investment
securities

198,819

259,413

Translation adjustments account-42,758-40,979

Total Valuation and Translation
Adjustments

156,060

218,434

507,104

503,383

Total Net Assets

37,592,706

38,473,228

Total Liabilities and Net Assets

115,120,298

123,542,106

Treasury stock
Total Shareholders’ Equity
Valuation and translation adjustments

Minority Interests32. Quarterly Consolidated Statements of Income and Quarterly Consolidated
Statements of Comprehensive Income
Quarterly Consolidated Statements of Income(Three-month period ended January 31, 2012)(Unit: Thousands of yen)
Prior Consolidated Fiscal YearFirst Quarter

Current Consolidated Fiscal YearFirst Quarter

From November 1, 2010
to January 31, 2011

From November 1, 2011
to January 31, 2012

AmountAmountClassification
Revenues

18,280,145

20,915,098

Cost of revenues

12,723,821

14,099,491

Gross profit

5,556,324

6,815,607

Selling, general and administrative expenses

4,442,061

4,498,869

Operating income

1,114,262

2,316,737Interest income

1,879

1,482

Dividend income

14,63916,288Insurance benefits

3,936

12,654

Rents received

12,87812,850521

13,338

Amortization of negative goodwill

17,45817,458

Reversal of allowance for doubtful
accounts－

17,43229,93929,873

81,252

121,377

Interest expense

174,537

210,974

Loss on sale of notes receivable

11,37012,878Other

29,92038,131

Total non-operating expenses

215,828

261,984

Ordinary income

979,686

2,176,130

Gain on sale or retirement of fixed assets

2,142

1,347

Reversal of allowance for doubtful
accounts

3,596

－

－

19,615

Other

1,647

138

Total extraordinary income

7,387

21,102

Loss on sale or retirement of fixed assets

62,42826,806

Transfer to reserve for investment losses

4,000

－

Non-operating income

Cash bonus received

Other
Total non-operating income
Non-operating expenses

Extraordinary income

Gain on liquidation of subsidiary

Extraordinary losses

4Loss on adjustment for changes ofaccounting standard for asset retirement
obligations

95,530－－126

Total extraordinary losses

161,958

26,933

Income before taxes and adjustments

825,115

2,170,299

Corporate, local and business taxes

320,512873,355

Adjustment for corporate and other taxes

149,159

111,704

Total corporate and other taxes

469,672

985,060

Income before minority interest

355,443

1,185,239

Minority interest in income (loss)

693

19,298354,749

1,165,940

Other

Net income

5Quarterly Consolidated Statements of Comprehensive Income(Three-month period ended January 31, 2012)(Unit: Thousands of yen)
Prior Consolidated Fiscal YearFirst Quarter

Current Consolidated Fiscal YearFirst Quarter

From November 1, 2010
to January 31, 2011

From November 1, 2011
to January 31, 2012

Classification
Income before minority interest

355,443

1,185,239

225,319

60,594

Translation adjustments account-7,497

5,209

Total other comprehensive income

217,82165,803

573,265

1,251,042

575,898

1,228,313-2,63322,729Other comprehensive income
Valuation difference on other investment
securities

Quarter comprehensive income(Breakdown)Comprehensive quarterly income
attributable to owners of the parent
Comprehensive quarterly income
attributable to minority interests63. Notes Relating to the Going Concern Assumption

The Company had no material items to report.
4. Business Segment Information(1) First quarter of the prior consolidated fiscal year (From November 1, 2010 to January 31, 2011)
1. Information concerning revenues and profit or loss of each reporting segment(Unit: Thousands of yen)
Reporting segment
Business related to theConstruction Equipment
Rental Division

Other businesses(see Note)

Total

Revenues(1) Revenues from customers

16,645,548

1,634,597

18,280,145(2) Sales or transfers between
segments

－

－

－

Total

16,645,548

1,634,597

18,280,145

Segment operating income

1,023,704

46,2891,069,993(Note) The “Other businesses” classification encompasses business segments not included in the reporting
segment, and includes business related to the Steel Sales Division and business related to the Information
Products Division and other businesses.

2. Difference between total reporting segment profit or loss and the amount reported on
the Quarterly Consolidated Statements of Income, and the main reasons for the difference(Matters Pertaining to Reconciliation of Difference)(Unit: Thousands of yen)
Earnings

AmountReporting segment total

1,023,704

Earnings from other classifications

46,289Other adjustments

44,269Operating income reported on the Quarterly Consolidated
Statements of Income

7

1,114,262

(2) First quarter of the current consolidated fiscal year (From November 1, 2011 to January 31, 2012)
1. Information concerning revenues and profit or loss of each reporting segment(Unit: Thousands of yen)
Reporting segment
Other businesses(see Note)

Business related to theConstruction Equipment
Rental Division

Total

Revenues(1) Revenues from customers

19,288,740

1,626,357

20,915,098(2) Sales or transfers between
segments

－

－

－

Total

19,288,740

1,626,357

20,915,098

Segment operating income

2,237,413

40,156

2,277,569(Note) The “Other businesses” classification encompasses business segments not included in the reporting
segment, and includes business related to the Steel Sales Division and business related to the Information
Products Division and other businesses.

2. Difference between total reporting segment profit or loss and the amount reported on
the Quarterly Consolidated Statements of Income, and the main reasons for the difference(Matters Pertaining to Reconciliation of Difference)(Unit: Thousands of yen)
Earnings

AmountReporting segment total

2,237,413

Earnings from other classifications

40,156

Other adjustments

39,167

Operating income reported on the Consolidated Quarterly
Statements of Income

5. Note on Significant Changes to Shareholders’ Equity

The Company had no material items to report.

82,316,737