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Monday, March 9, 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 made the following revisions to 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 (November 1, 2008 - October 31, 2009) provided in the Financial Statements Bulletin for the Fiscal Year Ended
October 31, 2008 released on December 5, 2008. Details are provided below.

1. Revised projection of consolidated operating results(1) Interim period consolidated operating results (November 1, 2008 - April 30, 2009)(Millions of yen except net income per share, which is in yen)

Revenues

OperatingIncomeOrdinary
IncomeNet Income

Net Income per
Share ofCommon Stock

Prior projection（A）

34,900

2,100

1,900

1,000

30.45

Revised projection（B）

32,300

780

580

−130

−3.96

Increase (decrease)（B－A）−2,600−1,320−1,320−1,130

－

（%）

−7.4%

−62.9%−69.5%－－

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

OperatingIncomeOrdinary
IncomeNet Income

Net Income perShare ofCommon Stock

Prior projection（A）

68,200

2,600

2,200

1,000

30.45

Revised projection（B）

63,900

510

90

−800

−24.36

Increase (decrease)（B－A）−4,300−2,090−2,110−1,800

－

（%）

−6.3%

−80.4%−95.9%－－(Reference)
Prior fiscal year
(Business period ended October 31, 2008)

69,411

2,227

2,028

644

19.61

Rate of change

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2009/03/09 Page 2/2

2. Revised projection of non-consolidated operating results(1) Interim period non-consolidated operating results (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 ofCommon Stock

Prior projection（A）

29,700

1,800

1,600

800

24.36

Revised projection（B）

27,200

540

410

−230

−7.00

Increase (decrease)（B－A）−2,500−1,260−1,190−1,030－（%）−8.4%−70.0%−74.4%－－

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

Operating
IncomeOrdinary
IncomeNet Income

Net Income per
Share ofCommon Stock

Prior projection（A）

58,600

2,400

2,100

1,100

33.49

Revised projection（B）

54,600

330

50

−720

−21.92

Increase (decrease)（B－A）−4,000−2,070−2,050−1,820－（%）−6.8%−86.3%−97.6%

－－

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)

During the Company’s first quarter, Japan’s economy labored under extremely difficult conditions, including the rapid
deterioration of the domestic corporate earnings environment because of the simultaneous worldwide economic slump
since last autumn. The construction industry in particular is confronted by sluggish demand for construction work in boththe public and private sectors, and under these conditions corporate bankruptcies among construction-related firms
reached the highest level in Japan’s history.
Although the Company expanded its market share in each region in terms of construction equipment rental orders in thefirst quarter, Kanamoto is faced with these circumstances as well, and revenues fell significantly below the Company’s
initial plan as a result. On the other hand, for sales of used construction equipment the Company adopted an initial planthat envisioned constrained sales volume, and earnings from overseas sales of used equipment were lower because
sales were restricted to the number of units in the Company’s initial plan, and because of the slump in used construction
equipment prices, which resulted from the simultaneous slowdown of the global economy.
Currently the domestic political situation remains unsettled, and an increase in public spending as an economic stimulus
measure has also been postponed. Under the present conditions, the Company judges that an economic recovery cannot
be expect for some time. For the immediate future, the Company expects the slump in construction demand to continue,
and anticipates the recovery of the construction equipment rental order environment to be delayed as well. Because of
these conditions, the Company also believes the current downturn in the securities market will continue. Based on theseconsiderations, the Company has revised its interim period operating results projection for the second quarter.
(Fiscal year ending October 2009

Full-year operating results)

At the present time the Company believes the management environment that has continued through the interim
period will not alter significantly by the end of Kanamoto’s fiscal year. The Company also believes there is little

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2009/03/09 Page 3/2

prospect for a recovery by the end of the business period in the environment that caused the Company to book anasset impairment loss on negotiable securities for the first quarter, as announced in the Company’s press release
dated February 23. In light of these factors, the Company has revised its full-year operating results projection.

4. Other matters
Although the Company is not at the present time studying any change to its interim dividend and year-end
dividend based on this revision of its operating results forecast, there is a possibility the Company could revise thedividend based on future changes in its 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 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.
Kanamoto Co., Ltd. will announce its Summary of First Quarter Operating Results for the Business Period Ending
October 2009 on March 12.
End