Fiscal Year ending October 31, 2008

Summary of First Quarter Operating Results (Consolidated)
March 7, 2008

Listed Company Name

Kanamoto Company, Ltd.

Company Code Number9678

Listing Exchanges

Tokyo Stock Exchange, Sapporo Stock Exchange（URL http://www.kanamoto.co.jp）
Representative

Kanchu KanamotoInquiries

Nobuhito Utatsu

President

Director & Corporate Officer, Division Manager, Accounting Division
TEL 81-11-209-1600
1. Operating Results for the First Quarter of the Fiscal Year Ending October 31, 2008
(November 1, 2007 - January 31, 2008)(1) Consolidated Operating Results(Numbers less than one million yen have been rounded down)

Revenues
Millions of yen％

Operating Income

Ordinary Income

Millions of yen

Millions of yen％％

Fiscal Year Ending October 31,
2008: First Quarter

18,375 ( -2.5 )

1,016 ( -53.2 )Fiscal Year Ended October 31,
2007: First Quarter

18,856 (7.7 )2,173 (68.4 )2,115 ( 70.9 )Fiscal Year Ended October 31,
2007

68,626 (0.9 )4,236 (4.1 )

4,416 ( 16.6 )Net Income per
Share of Common

Net Income per Shareon a Fully Diluted％

YenYenFiscal Year Ending October 31,
2008: First Quarter

499 ( -69.2 )15. 20－Fiscal Year Ended October 31,
2007: First Quarter

1,618 ( 410.0 )49. 26－

Fiscal Year Ended October 31,
2007

3,035 ( 74.2 )92. 40－Net Income
Millions of yen

974 ( -53.9)(Note) The percentages shown for revenues, operating income, ordinary income and net income are thepercent increase or decrease compared to the same period of the prior fiscal year

Summary of First Quarter Operating Results (Consolidated)
Fiscal Year Ending October 31, 2008
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(2) Change in Consolidated Financial Position(Numbers less than one million yen have been rounded down)

Total Assets

Net Assets

Millions of yen

Millions of yen

CapitalAdequacy Ratio

Net Assets per
Share％Yen

Fiscal Year Ending October
31, 2008: First Quarter

88,95039,46144.1

1,193.12

Fiscal Year Ended October
31, 2007: First Quarter

89,61339,82944.3

1,208.57

Fiscal Year Ended October
31, 2007

85,15539,97346.9

1,216.98(3) Consolidated Cash Flows(Numbers less than one million yen have been rounded down)

Cash Flow fromOperating
Activities

Cash Flow from
Investing
Activities

Cash Flow from
Financing
Activities

Balance of Cashand Equivalents
at End of Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Fiscal Year Ending October
31, 2008: First Quarter572-410-129

17,989Fiscal Year Ended October
31, 2007: First Quarter

2,018

681

–548

20,548

Fiscal Year Ended October
31, 2007

4,479-1,427-4,237

17,213

2. Dividends
Dividendper Share
Yen

Fiscal Year Ending October
31, 2008: First Quarter
Fiscal Year Ending October
31, 2007: First Quarter－－

3. Projected Consolidated Operating Results for the Fiscal Year Ending October 2008
(November 1, 2007 - October 31, 2008)(Percentages show the change from the prior year)

OperatingIncomeRevenues

Millions of yen%

Millions of yen

OrdinaryIncome% Millions of yen

Net Incomeper ShareNet Income% Millions of yen%

Yen

Interim period

37,5003.5

3,400-1.1

3,300

-3.6

1,800-24.4

54.80

Full year

71,900

4.8

4,600

8.6

4,400

-0.4

2,300

-24.2

70.02

Summary of First Quarter Operating Results (Consolidated)
Fiscal Year Ending October 31, 2008
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4. Other(1) Changes to material subsidiaries during the period (transfer of specified subsidiaries in conjunction
with revision to scope of consolidation)? YesNewly consolidated Kyushu Kensan Co., Ltd.
Kensan Fukuoka Co., Ltd.
Kensan Techno Co., Ltd.
(2) Has the Company adopted simplified methods for accounting treatment? Yes(3) Are there any differences with the methods of recognition used in the accounting treatment for themost recent consolidated fiscal year? No(Note) For details see “4. Other matters” on Page 7 (Qualitative information concerning the financialstatements).

5. Summary of Non-consolidated Operating Results (Reference)(November 1, 2007 - January 31, 2008)
Revenues
Millions of yen％

Operating IncomeOrdinary Income

Millions of yen

Millions of yen％％

Fiscal Year Ending October 31,
2008: First Quarter

15,643 ( -7.3 )1,011 ( -49.6 )Fiscal Year Ended October 31,
2007: First Quarter

16,881 (8.3 )2,009 (83.5 )

2,018 ( 79.8 )Fiscal Year Ended October 31,
2007

61,576 (1.4 )

4,012 (8.0 )4,372 ( 16.9 )Net Income

993 ( -50.8)

Net Income per

Net Income per Share

Share of Common

on a Fully Diluted％

Yen

Yen

Fiscal Year Ending October 31,
2008: First Quarter

567 ( -64.6 )17. 28－Fiscal Year Ended October 31,
2007: First Quarter

1,602 ( 461.4 )48. 77－

Fiscal Year Ended October 31,2007

3,431 ( 99.5 )104. 44－

Millions of yen(2) Non-consolidated Financial Position
Capital
Total Assets

Net Assets

Net Assets per

Adequacy

Share

Ratio
Millions of yen

Millions of yen%

Yen

Fiscal Year Ending October
31, 2008: First Quarter

83,461

40,21148.2

1,224.25

Fiscal Year Ended October
31, 2007: First Quarter

86,225

40,11046.5

1,220.77

Fiscal Year Ended October
31, 2007

82,90240,78749.2

1,241.77

Summary of First Quarter Operating Results (Consolidated)Fiscal Year Ending October 31, 2008
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6. Projected Non-consolidated Operating Results for the Fiscal Year Ending October 2008
(November 1, 2007 - October 31, 2008)(Percentages show the change from prior year)

Operating
IncomeRevenues

Ordinary
IncomeMillions of yen%

Interim period

32,100-1.1

3,100

1.0

3,000-6.1

Full year

61,700

0.2

4,300

7.2

4,100-6.2

Millions of yen% Millions of yen

Net Incomeper ShareNet Income% Millions of yen%Yen

1,600-31.0

48.71

2,200-35.9

66.98

Note: Explanation concerning appropriate use of the projected operating results and other items to note
The projected operating results 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.

Summary of First Quarter Operating Results (Consolidated)
Fiscal Year Ending October 31, 2008
P.4