Notification Concerning Revision of Projected Full-Year Operating Resultsfor the Business Period Ending October 20102010/11/29 in Japan|Page 1/2

Monday, November 29, 2010

For Immediate Release
Kanamoto Company, Limited
Stock Code 9678
stTokyo Stock Exchange 1 Section; Sapporo Stock Exchange

Kanchu Kanamoto
President and CEO< Contact for inquiries concerning this material >Yuichi Takayama
Manager, Investor and Public Relations, Office of the President
Phone: + 81–11–209–1631

takayama@kanamoto.co.jp

Notification Concerning Revision of Projected Full-Year OperatingResults for the Business Period Ending October 2010
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 businessperiod ending October 31, 2010 (November 1, 2009 - October 31, 2010). The Company had earlier revised its projection
on October 6, 2010. Details are provided below.

1. Revised projection of consolidated operating results for the Business Period ending October 2010
(November 1, 2009 - October 31, 2010)(Millions of yen except net income per share, which is in yen)Revenues

Operating
IncomeOrdinary
IncomeNet Income

Net income
per share

Prior projection(A)

69,200

2,250

1,760

670

20.40

Revised projection(B)

70,170

2,640

2,080

1,040

31.67

Increase (decrease)

(B-A)

970

390

320

370

―(%)

1.4%

17.3%

18.2%

55.2%

―

(Reference) Prior fiscal year ended
October 31, 2009

63,863137−222−1,158−35.28Rate of change

2. Revised projection of non-consolidated operating results for the Business Period ending October 2010
(Millions of yen except net income per share, which is in yen)
(November 1, 2009 - October 31, 2010)
Revenues

Operating
IncomeOrdinary
IncomeNet Income

Net income
per share

Prior projection(A)

57,570

2,250

2,060

750

22.84

Revised projection(B)

58,080

2,530

2,370

1,030

31.37

Increase (decrease)

(B-A)

510

280

310280

―(%)

0.9%

12.4%

15.1%

37.3%

―

(Reference) Prior fiscal year ended
October 31, 2009

54,447417

172−1,060−32.28Rate of change

3. Reasons for the revision of projected full-year operating results
Although Kanamoto was able to ensure an appropriate level of earnings through its interim period, thanks partly to theeffects of the government’s emergency economic countermeasures, in light of the extremely severe competition among
construction equipment rental companies since the beginning of the period, the continuing downward trend in rental unit
prices and the fact that works related to the emergency economic measures were winding down, the Company projected
earnings would decline significantly in the second half, and particularly during the fourth quarter.

Notification Concerning Revision of Projected Full-Year Operating Resultsfor the Business Period Ending October 20102010/11/29 in Japan|Page 2/2

Nevertheless, Kanamoto minimized the decrease in revenues and earnings envisaged from the third quarter by bringing
to fruition measures undertaken since last year to increase sales and improve the Kanamoto Group’s share of theconstruction equipment rental market, and by successfully keeping the decline in asset management efficiency to aminimum by working to ensure an appropriate rental equipment asset line-up and efficient equipment utilization. In
addition, because bankruptcies at construction-related firms tapered off as the result of financing measures enacted forsmall and medium-sized enterprises, the occurrence of non-performing claims was also lower than anticipated.
As a result of these factors, Kanamoto’s earnings performance improved more than initially projected, and the Company
has revised its earnings projection for the full year at this time.

4. Other matters
Kanamoto previously announced it will release its Earnings Announcement for the Business Period Ending October 2010
on December 10. The revised schedule for release of the Earnings Announcement is December 8.

End

These projected consolidated operating results materials 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, and include
various risks and uncertainty factors. Furthermore, there is a possibility the Company's actual consolidated operating
results will differ from the projected figures shown above as a result of various future factors, including but not limited toeconomic conditions surrounding the Kanamoto Group, market trends, and competitive conditions.