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Friday, May 29, 2009For Immediate Release
Kanamoto Company, Limited
Stock Code 9678
Tokyo Stock Exchange 1st Section; Sapporo Stock Exchange
Nobuhito Utatsu
Director and Corporate Officer, Division Manager, Accounting Division< Contact for inquiries concerning this material >Yuichi Takayama
IR & Public Relations Section Manager, Office of the President
Telephone: + 81 – 11 – 209 – 1631

Notification Concerning Revision of Interim Period Operating Results and Projected
Full-Year Operating Results for the Business Period Ending October 2009
Kanamoto Company, Limited (Kanchu Kanamoto, President; Head Office: Sapporo, Japan), Japan’s leading construction
equipment rental company, has revised its projected consolidated and non-consolidated operating results for the interim
period ending April 30 (November 1, 2008 - April 30, 2009) and the business period ending October 31, 2009 (November1, 2008 - October 31, 2009) released on March 9, 2009. Details are provided below.

1. Revised projection of consolidated operating results(1) Interim period consolidated operating results for the business period ending October 31, 2009
(November 1, 2008 - April 30, 2009)(Millions of yen except net incomeper share, which is in yen)

Revenues

Operating
IncomeOrdinary
IncomeNet Income

Net income
per share

Prior projection(A)

32,300

780

580

−130

−3.96

Revised projection(B)

32,550

920

790

−150

−4.57

Increase (decrease)

(B-A)

250

140

210

−20－

(%)

0.8%

17.9%

36.2%

－－

37,236

2,918

2,833

1,476

44.97

Rate of change(Reference) Prior fiscal year
(Interim period ended April 30, 2008)(2) Fiscal year consolidated operating results (November 1, 2008 - October 31, 2009)(Millions of yen except net income
per share, which is in yen)

Revenues

OperatingIncome

Ordinary
IncomeNet Income

Net income
per share

Prior projection(A)

63,90051090−800−24.36

Revised projection(B)

64,850320

40−990−30.15

Increase (decrease)

(B-A)

950

−190

−50−190

－(%)

1.5%

−37.3%−55.6%－－(Reference) Prior fiscal year
(Business period ended October 31, 2008)

69,411

2,227

2,028

644

19.61

Rate of change(Continued on next page)

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2. Revised projection of non-consolidated operating results(1) Interim period non-consolidated operating results for the business period ending October 31, 2009
(November 1, 2008 - April 30, 2009)(Millions of yen except net income
per share, which is in yen)

Revenues

Operating
IncomeOrdinary
IncomeNet Income

Net income
per share

Prior projection(A)

27,200

540

410

−230

−7.00

Revised projection(B)

27,350

630

540

−320

−9.74

Increase (decrease)

(B-A)

150

90

130

−90－

(%)

0.6%

16.7%

31.7%

－－

32,127

2,782

2,734

1,435

43.70

Rate of change(Reference) Prior fiscal year
(Interim period ended April 30, 2008)(2) Fiscal year non-consolidated operating results (November 1, 2008 - October 31, 2009)(Millions of yen except net income
per share, which is in yen)

Revenues

OperatingIncome

OrdinaryIncome

Net Income

Net income
per share

Prior projection(A)

54,600330

50−720−21.92

Revised projection(B)

54,850

470

240

−730

−22.23

Increase (decrease)

(B-A)

250

140

190

−10－(%)

0.5%

42.4%

380.0%－－

60,473

2,461

2,369

183

5.59

Rate of change(Reference) Prior fiscal year
(Business period ended October 31,2008)

3. Reasons for the revision(Fiscal year ending October 2009

Interim operating results forecast)

The economic environment surrounding Kanamoto through the second quarter exhibited some bright spots, as progressby major enterprises to adjust inventories, coupled with economic stimulus policies targeting personal consumption,
began to gradually achieve positive results. These failed to produce a recovery in employment and private sector capital
investment, however, and the domestic economy deteriorated further, exhibiting the worst GDP growth rate ever recorded.
In the construction industry in particular, the extremely severe management environment remained unchanged, as leadinglocal firms and housing construction companies continued to file for bankruptcy, and as construction investment in theTokyo metropolitan area, which had remained steady, began to slow.
In the construction equipment rental business, the competition in various regions has intensified because of an absolutedecline in construction demand. At the same time, rental unit prices are exhibiting a downward trend, centered on models
affected by a collapse in the balance of demand-and-supply. These conditions are having a serious influence not only on
Kanamoto but on the operating results of its consolidated subsidiaries. Although the Kanamoto Group has expanded its
market share in each region, the Company now projects the increase in net sales will be only slightly higher than therevised operating results projection released on March 9.
From an earnings perspective, the Company projects both operating income and ordinary income will exceed its earlier
revised projection because of a rental equipment cost depletion effect. On the other hand, unfortunately, the Company will
post an extraordinary loss on valuation of negotiable securities, and forecasts a net loss for the first half. Based on theabove considerations, the Company has revised its interim period (cumulative second quarter) operating resultsprojection.
(Fiscal year ending October 2009

Full-year operating results forecast)

Although the government enacted two supplementary budgets in the prior fiscal year and the budget and domestic
demand stimulus plan for the new fiscal year in rapid succession, these public works are not expected to have abroad effect until after the latter half of the fourth quarter of the fiscal year. Moreover, a nationwide recovery inconstruction demand appears unlikely because the outlook for large-scale private sector capital investment

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2009/05/29 Page 3/3

remains clouded. Because it judges the severity of the current operating environment will continue until the end of
the current fiscal year, Kanamoto has also revised its operating results projection for the full fiscal year.

4. Other matters
With regard to dividends, the Company plans to pay an interim dividend of ¥10 per share (ordinary dividend)according to its initial plan. The Company will decide the amount of its year-end dividend, however, after
considering the trend in operating results in conjunction with the future direction of the operating environment.
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 of the future economic, environment, andinclude 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 not limited to economic conditions surrounding the Company, market trends, and competitive conditions. TheCompany will announce its Interim Financial Statements Bulletin for the second quarter of the Business Period
ending October 2009 on June 5.
End