Interim report
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− 1 − Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Nine-Month Consolidated Financial Report for the Fiscal Year Ending October 31, 2026 (Japan GAAP) September 4, 2026 Listed Company Name Kanamoto Co., Ltd. Company Code Number 9678 Listing Exchanges Tokyo Stock Exchange, Sapporo Stock Exchange URL https://www.kanamoto.co.jp/en/ Representative Tetsuo Kanamoto President and CEO Inquiries Shun Hirose Director & Senior Corporate Officer, Division Manager, Accounting Division TEL 81-11-209-1600 Scheduled date for commencement of dividend payments – Preparation of Settlement Supplementary Explanatory Materials Yes Earnings Briefings No (Numbers less than one million yen have been rounded down) 1. Consolidated Operating Results for the Nine-Month Period of the Fiscal Year Ending October 31, 2026 (November 1, 2025 – July 31, 2026) (1) Consolidated Operating Results (Cumulative) (Percentages show the change from the prior year) Net Sales Operating Profit Ordinary Profit Profit Attributable to Owners of Parent Millions of yen % Millions of yen % Millions of yen % Millions of yen % Nine months ended July 31, 2026 162,923 2.6 15,440 31.6 15,779 31.1 10,063 39.1 Nine months ended July 31, 2025 158,792 4.6 11,734 30.0 12,039 27.7 7,236 33.2 (Note) Comprehensive income (millions of yen) Nine months ended July 31, 2026 14,559 (79.3%) Nine months ended July 31, 2025 8,122 (-0.5%) Earnings per Share Earnings per Share on a Fully Diluted Basis Yen Yen Nine months ended July 31, 2026 292.22 – Nine months ended July 31, 2025 206.85 – (2) Consolidated Financial Position Total Assets Net Assets Equity Ratio Millions of yen Millions of yen % As of July 31, 2026 332,053 164,815 46.4 As of October 31, 2025 324,088 157,463 45.4 (Reference) Equity (millions of yen) As of July 31, 2026 154,023 As of October 31, 2025 147,229
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− 2 − 2. Dividends Annual Dividends per Share End of first quarter End of second quarter End of third quarter Year-end Full-year Yen Yen Yen Yen Yen Fiscal year ended October 31, 2025 – 45.00 – 50.00 95.00 Fiscal year ending October 31, 2026 – 55.00 – Fiscal year ending October 31, 2026 (projected) 55.00 110.00 (Note) Has the Company revised its most recently released dividend projection?: No 3. Projected Consolidated Operating Results for the Fiscal Year Ending October 31, 2026 (November 1, 2025 – October 31, 2026) (Percentages show the change from the prior year) Net Sales Operating Profit Ordinary Profit Profit Attributable to Owners of Parent Earnings per Share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 221,000 3.6 20,400 17.4 20,700 15.3 12,900 17.5 376.23 (Note) Has the Company revised its most recently released projected consolidated operating results?: No
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− 3 − Notes (1) Significant changes in the scope of consolidation during the period under review: Yes Newly included: - companies Excluded: 2 companies (PORTER UTILITIES HOLD INGS PTY LTD, PORTER UTILITIES PTY LTD) Note: For details, please refer to “(3) Notes Concer ning Quarterly Consolidated Financial Statements (Notes on Changes in the Scope of Consolidation)” in “2. Quarterly Consolidated Financial Statements and Significant Notes Thereto” on page 13 of the attached document. (2) Application of special accounting method in the preparation of quarterly consolidated financial statements: No (3) Changes in accounting principles, changes in accounting estimates and retrospective restatements (a) Changes in accounting policy in conjunction with revision of 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 shares) (a) Number of shares issued at the end of the period (including treasury shares) As of July 31, 2026: 36,742,241 shares As of October 31, 2025: 38,742,241 shares (b) Number of treasury shares at the end of the period As of July 31, 2026: 2,712,124 shares As of October 31, 2025: 3,917,064 shares (c) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Nine months ended July 31, 2026: 34,436,568 shares Nine months ended July 31, 2025: 34,982,604 shares Note: Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: No Note: Explanation concerning appropriate use of the projected operating results and other items to note (Note concerning forward-looking statements) The forward-looking statements, including business results forecasts, contained in these materials are based on information currently available to the Co mpany and on certain assumptions deemed to be reasonable. The Company does not guarantee the ac hievement of the projections. Actual operating results may differ substantially due to a number of fa ctors. Please refer to “1. Overview of Operating Results and Others (3) Explanation Concerning Fu ture Forecasts Including Projected Consolidated Operating Results” on page 6 of the Attachments for the conditions used as assumptions for the projected operating results and matters to note before using the projected operating results.
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− 4 − ○Attachments Table of Contents 1. Overview of Operating Results and Others .................................................................................. 5 (1) Overview of Operating Results and Others for the Nine-Month Period of the Fiscal Year Ending October 31, 2026 .................................................................................................... 5 (2) Overview of Financial Position for the Nine-Month Period of the Fiscal Year Ending October 31, 2026 ...................................................................................................................... .... 6 (3) Explanation Concerning Future Forecasts Including Projected Consolidated Operating Results ....... 6 2. Quarterly Consolidated Financial Statements and Significant Notes Thereto ..................................... 7 (1) Quarterly Consolidated Balance Sheets ................................................................................. 7 (2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income ...................................................................................................... 9 (Quarterly Consolidated Statements of Income) .................................................................. 9 (Quarterly Consolidated Statements of Comprehensive Income) .......................................... 10 (3) Notes Concerning Quarterly Consolidated Financial Statements .............................................. 11 (Notes on Segment Information, Etc.) .............................................................................. 11 (Note on Significant Changes to Shareholders’ Equity) ......................................................... 12 (Notes Relating to the Going Concern Assumption) .............................................................. 12 (Notes on Changes in the Scope of Consolidation) ............................................................... 13 (Notes to Quarterly Consolidated Statements of Cash Flows) ................................................ 14 (Notes on Material Events after the Close of the Nine-Month Period) ....................................... 14
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− 5 − 1. Overview of Operating Results and Others (1) Overview of Operating Results and Others for the Nine-Month Period of the Fiscal Year Ending October 31, 2026 During the nine-month period under review, Japan’s economy continued its gradual recovery against a backdrop of improvements in the employment and in come environment. On the other hand, the outlook remains uncertain due to factors such as downside risks to the economy stemming from prolonged high prices and the unstable international situation. In the construction industry in which the Group is involved, public sector investment remained firm, and private sector capital investment showed signs of re covery, resulting in generally stable construction demand. However, continued efforts are required to address issues surrounding the industry, such as rising construction material prices, increased labor costs, and a shortage of skilled workers. In such circumstances, the Group is working towa rds the realization of the Medium-Term Management Plan “Progress 65” (FY2025-FY2029) by steadily implementing three key measures: “Growth strategies and improvement of capital efficiency,” “Enhancement of DX strategies” and “Sustainability initiatives,” while striving to expand a sustainable earnings base. For the nine-month period under review, the Group reported net sales of ¥162,923 million, an increase of 2.6% year on year. On the earnings front, operat ing profit was ¥15,440 million, an increase of 31.6% year on year, ordinary profit was ¥15,779 million, an increase of 31.1% year on year, and profit attributable to owners of parent was ¥10,063 million, an increase of 39.1% year on year. Results for each of the Company’s business segments were as follows. < Business related to the Construction Equipment Rental Division > In the business related to the Construction Equipment Rental Division, which is Kanamoto’s core business, demand for construction equipment rentals remained firm, driven not only by public investment supported by disaster prevention and mitigation and national re silience initiatives, but also by progress in private- sector investment for logistics facilities and data centers. The Group has continued to efficiently operate rental equipment and optimize rental unit prices, while also working to sophisticate business processes and improve productivity through the promotion of its DX strategies, thereby strengthening its profitability. Used construction equipment sales decreased 1.8% year on year, as a result of proceeding with planned sales aimed at maintaining an appropriate portfolio of assets. Reflecting these factors, the Group posted net sales in the business related to the Construction Equipment Rental Division of ¥146,240 million, an increase of 3.4% year on year, and operating profit of ¥13,990 million, an increase of 30.8% year on year. < Other businesses > Net sales was ¥16,683 million, a decrease of 3.8% year on year, and operating profit was ¥1,030 million, an increase of 68.8% year on year, as the Steel Product Sales Business, the Information Products Rental Business and the Welfare-related Business performed favorably overall, although there were differences by business.
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− 6 − (2) Overview of Financial Position for the Nine-Month Period of the Fiscal Year Ending October 31, 2026 (Assets) Total assets at the end of the third quarter under review stood at ¥332,053 million, an increase of ¥7,965 million compared with the end of the prior fiscal year . This was primarily due to an increase of ¥10,957 million in cash and deposits, while notes and accounts receivable - trade, and contract assets decreased by ¥3,717 million, and rental equipment decreased by ¥1,945 million. (Liabilities) Total liabilities stood at ¥167,238 million, an increase of ¥612 million compared with the end of the prior fiscal year. This was primarily due to increases of ¥6,750 million in short-term borrowings and ¥2,996 million in current portion of long-term borrowings, wh ile electronically recorded obligations - operating decreased by ¥2,159 million, notes and accounts paya ble - trade decreased by ¥2,052 million, income taxes payable decreased by ¥1,100 million and long-ter m accounts payable - other decreased by ¥3,412 million. (Net assets) Total net assets stood at ¥164,815 million, an increase of ¥7,352 million compared with the end of the prior fiscal year. This mainly reflects the posting of profit attributable to owners of parent of ¥10,063 million and cancellation of treasury shares of ¥5,4 64 million. Meanwhile, there were decreases of ¥3,629 million due to dividends of surplus and ¥3,674 million due to purchase of treasury shares. As a result, equity ratio was 46.4% compared with 45.4% at the end of the prior fiscal year. (3) Explanation Concerning Future Forecasts In cluding Projected Consolidated Operating Results There is no change to the projected consolidated operating results announced on June 1, 2026 in the “Notification Concerning Revision of Projected Full -Year Operating Results for the Fiscal Year Ending October 31, 2026.”
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− 7 − 2. Quarterly Consolidated Financial Statements and Significant Notes Thereto (1) Quarterly Consolidated Balance Sheets (Millions of yen) As of October 31, 2025 As of July 31, 2026 Assets Current assets Cash and deposits 61,110 72,067 Notes and accounts receivable - trade, and contract assets 40,670 36,952 Electronically recorded monetary claims - operating 10,012 9,916 Merchandise and finished goods 1,217 1,250 Raw materials and supplies 1,650 1,820 Construction machine parts 12,996 11,588 Other 3,402 3,566 Allowance for doubtful accounts -225 -283 Total current assets 130,835 136,879 Non-current assets Property, plant and equipment Rental equipment 329,892 335,512 Accumulated depreciation -223,704 -231,270 Rental equipment, net 106,187 104,241 Buildings and structures 51,002 51,696 Accumulated depreciation -30,140 -31,133 Buildings and structures, net 20,861 20,562 Machinery, equipment and vehicles 12,158 12,271 Accumulated depreciation -9,803 -9,941 Machinery, equipment and vehicles, net 2,354 2,330 Land 40,046 40,750 Other 4,034 4,577 Accumulated depreciation -2,816 -2,923 Other, net 1,217 1,654 Total property, plant and equipment 170,668 169,539 Intangible assets Goodwill 1,897 1,513 Customer relationship 1,073 1,139 Other 917 345 Total intangible assets 3,888 2,999 Investments and other assets Investment securities 13,719 17,506 Deferred tax assets 1,301 907 Long-term loans receivable 1,341 1,903 Other 2,602 2,649 Allowance for doubtful accounts -266 -330 Total investments and other assets 18,696 22,636 Total non-current assets 193,253 195,174 Total assets 324,088 332,053
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− 8 − (Millions of yen) As of October 31, 2025 As of July 31, 2026 Liabilities Current liabilities Notes and accounts payable - trade 13,251 11,199 Electronically recorded obligations - operating 17,892 15,732 Short-term borrowings 310 7,060 Current portion of long-term borrowings 17,380 20,377 Lease liabilities 1,699 1,708 Income taxes payable 3,469 2,368 Provision for bonuses 1,851 1,194 Accounts payable - other 23,519 23,015 Other 5,592 5,078 Total current liabilities 84,965 87,735 Non-current liabilities Long-term borrowings 37,418 37,485 Lease liabilities 3,298 3,253 Long-term accounts payable - other 37,689 34,277 Retirement benefit liability 345 313 Asset retirement obligations 726 725 Deferred tax liabilities 2,040 3,292 Other 141 154 Total non-current liabilities 81,659 79,502 Total liabilities 166,625 167,238 Net assets Shareholders’ equity Share capital 17,829 17,829 Capital surplus 19,680 19,247 Retained earnings 111,992 113,435 Treasury shares -9,610 -7,745 Total shareholders’ equity 139,891 142,767 Accumulated other comprehensive income Valuation difference on available-for-sale securities 4,824 7,394 Foreign currency translation adjustment 2,545 3,887 Remeasurements of defined benefit plans -31 -25 Total accumulated other comprehensive income 7,337 11,256 Non-controlling interests 10,233 10,791 Total net assets 157,463 164,815 Total liabilities and net assets 324,088 332,053
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− 9 − (2) Quarterly Consolidated Statements of Inco me and Quarterly Consolidated Statements of Comprehensive Income (Quarterly Consolidated Statements of Income) (Millions of yen) Nine months ended July 31, 2025 Nine months ended July 31, 2026 Net sales 158,792 162,923 Cost of sales 111,476 110,740 Gross profit 47,316 52,183 Selling, general and administrative expenses 35,581 36,743 Operating profit 11,734 15,440 Non-operating income Interest income 129 162 Dividend income 285 332 Insurance fee income 57 68 Rental income 53 73 Other 294 373 Total non-operating income 820 1,009 Non-operating expenses Interest expenses 189 368 Loss on cancellation of leases 28 31 Other 298 271 Total non-operating expenses 515 670 Ordinary profit 12,039 15,779 Extraordinary income Gain on sale of non-current assets 21 46 Gain on sale of investment securities 10 436 Total extraordinary income 32 483 Extraordinary losses Loss on sale and retirement of non-current assets 285 270 Loss on liquidation of subsidiaries and associates 27 – Total extraordinary losses 312 270 Profit before income taxes 11,758 15,992 Income taxes - current 3,833 5,079 Income taxes - deferred 172 288 Total income taxes 4,006 5,367 Profit 7,752 10,624 Profit attributable to non-controlling interests 516 561 Profit attributable to owners of parent 7,236 10,063
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− 10 − (Quarterly Consolidated Statements of Comprehensive Income) (Millions of yen) Nine months ended July 31, 2025 Nine months ended July 31, 2026 Profit 7,752 10,624 Other comprehensive income Valuation difference on available-for-sale securities 733 2,584 Deferred gains or losses on hedges -0 – Foreign currency translation adjustment -372 1,342 Remeasurements of defined benefit plans, net of tax 8 7 Total other comprehensive income 369 3,935 Comprehensive income 8,122 14,559 Comprehensive income attributable to Comprehensive income attributable to owners of parent 7,598 13,982 Comprehensive income attributable to non- controlling interests 523 577
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− 11 − (3) Notes Concerning Quarterly Co nsolidated Financial Statements (Notes on Segment Information, Etc.) I Nine-month period ended July 31, 2025 (From November 1, 2024 to July 31, 2025) 1. Information concerning the amount of net sale s and income or loss by reporting segment, and information on disaggregation of revenue (Millions of yen) Reporting segment Other businesses (Note) Total Business related to the Construction Equipment Rental Division Net sales Rental contracts 100,523 6,400 106,924 Sales of merchandise and finished goods 29,555 10,427 39,982 Other 11,320 512 11,832 Revenue from contracts with customers 141,399 17,340 158,740 Other revenues 52 – 52 Net sales to outside customers 141,452 17,340 158,792 Net sales or transfers between related segments – – – Total 141,452 17,340 158,792 Segment income 10,695 610 11,305 (Note) The “Other businesses” classification encompasses business segments not included in the reporting segment, and includes the Steel Product Sales Business, the Information Products Rental Business, the Welfare-related Business and other businesses. 2. Difference between total reporting segment income or loss and the amount reported on the Quarterly Consolidated Statement of Income, and the main re asons for the difference (Matters Pertaining to Reconciliation of Difference) (Millions of yen) Income Amount Reporting segment total 10,695 Income for “Other businesses” classification 610 Other adjustments 428 Operating profit reported on the Quarterly Consolidated Statement of Income 11,734
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− 12 − II Nine-month period ended July 31, 2026 (From November 1, 2025 to July 31, 2026) 1. Information concerning the amount of net sale s and income or loss by reporting segment, and information on disaggregation of revenue (Millions of yen) Reporting segment Other businesses (Note) Total Business related to the Construction Equipment Rental Division Net sales Rental contracts 104,648 6,885 111,534 Sales of merchandise and finished goods 31,727 9,201 40,928 Other 9,714 596 10,311 Revenue from contracts with customers 146,090 16,683 162,773 Other revenues 149 – 149 Net sales to outside customers 146,240 16,683 162,923 Net sales or transfers between related segments – – – Total 146,240 16,683 162,923 Segment income 13,990 1,030 15,021 (Note) The “Other businesses” classification encompasses business segments not included in the reporting segment, and includes the Steel Product Sales Business, the Information Products Rental Business, the Welfare-related Business and other businesses. 2. Difference between total reporting segment income or loss and the amount reported on the Quarterly Consolidated Statement of Income, and the main re asons for the difference (Matters Pertaining to Reconciliation of Difference) (Millions of yen) Income Amount Reporting segment total 13,990 Income for “Other businesses” classification 1,030 Other adjustments 418 Operating profit reported on the Quarterly Consolidated Statement of Income 15,440 (Note on Significant Changes to Shareholders’ Equity) (Purchase of treasury shares) The Company repurchased 683,500 shares of treasury shares in accordance with the resolution of the meeting of the Board of Directors held on December 5, 2025. Additionally, the Company repurchased 139,300 shares of treasury shares in accordance with the resolution of the meeting of the Board of Directors held on June 5, 2026. As a result, treasury shares increased by ¥3,674 million during the nine-month period ended July 31, 2026. (Cancellation of treasury shares) The Company cancelled 2,000,000 shares of treasury shares in accordance with the resolution of the meeting of the Board of Directors held on June 5, 2026. Accordingly, capital surplus, retained earnings, and treasury shares decreased by ¥473 million, ¥4,990 million, and ¥5,464 million, respectively, during the nine-month period ended July 31, 2026. As a result, as of July 31, 2026, capital surplus, retained earnings, and treasury shares amounted to ¥19,247 million, ¥113,435 million, and ¥7,745 million, respectively. (Notes Relating to the Going Concern Assumption) The Company had no material items to report.
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− 13 − (Notes on Changes in the Scope of Consolidation) PORTER UTILITIES HOLDINGS PTY LTD and PORTER UTILITIES PTY LTD have both been excluded from the scope of consolidation starting from the first quarter of the fiscal year ending October 31, 2026 due to the completion of their liquidation.
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− 14 − (Notes to Quarterly Consolidated Statements of Cash Flows) Quarterly Consolidated Statements of Cash Flows have not been prepared for the nine-month period under review. Depreciation (including amortization related to intangible assets excluding goodwill) and amortization of goodwill for the nine-month periods ended July 31, 2025 and 2026 are as follows. (Millions of yen) Nine months ended July 31, 2025 Nine months ended July 31, 2026 Depreciation 25,803 24,441 Amortization of goodwill 479 506 (Notes on Material Events after the Close of the Nine-Month Period) (Business combination through acquisition) The Company resolved, at a meeting of the Board of Directors held on September 4, 2026, to acquire all the shares of Takasaki Jimuki Co., Ltd. (“Takasaki Jimuki”) and make Takasaki Jimuki and its wholly owned subsidiaries TJR Co., Ltd. (“TJR”) and KONDO LEASE Co., Ltd. (“KONDO LEASE”) subsidiaries of the Company, and entered into a share transfer agreement on the same date. 1. Overview of the business combination (1) Name of the acquired companies and description of their business (i) Name of the acquired company: Takasaki Jimuki Co., Ltd. Description of business: Rental and sales of unit houses for construction sites, office furniture, office automation equipment, surveying instruments, temporary toilets, etc., and other related businesses (ii) Name of the acquired company: TJR Co., Ltd. Description of business: Transportation, on-site assembly, installation, dismantling, storage, maintenance, repair, and other related services for unit houses, office equipment, etc. (iii) Name of the acquired company: KONDO LEASE Co., Ltd. Description of business: Planning, setup, and operation of various events and venues, as well as the arrangement and rental of large tents, equipment, audio systems, video equipment, etc., and other related services (2) Primary reasons for the business combination The Group operates its business throughout Japan with the construction equipment rental business as its core operation. On the other hand, Takasaki Jimuki has constructed a seamless business structure for providing services related to on-site facilities, such as unit houses and temporary toilets, including transportation, installation, and maintenance. It possesses a strong customer base and high expertise in the Kanto Area. Through this matter, the Company believes it will be possible to enhance its proposal capabilities to customers and expand the services it offers by combining the Group’s sales network and customer base with Takasaki Jimuki’s expertise and operational system in services related to on- site facilities. Furthermore, by utilizing the management resources held by the Group, such as assets, procurement functions, and logistics network, the Company expects to further enhance Takasaki Jimuki’s product supply capabilities and service delivery capabilities. We have determined that this will lead to strengthening the business foundation and increasing corporate value in the Kanto Area. (3) Date of the business combination During September 2026 (scheduled) (4) Legal form of the business combination Share acquisition in consideration for cash (5) Name of the companies after the business combination There will be no change to the name of the companies.
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− 15 − (6) Ratio of voting rights to be acquired Takasaki Jimuki: 100% TJR: 100% KONDO LEASE: 100% (7) Primary grounds for determining the acquired companies The Company will acquire the shares and equity interests in consideration for cash.