Kanamoto (9678) Q2 2026 earnings summary

Executive summary

• Second quarter profits and net sales significantly exceeded the same period last year, driven by improved equipment utilization, cost management, and robust demand in the Construction Equipment Rental Division.

• Construction-related demand remained stable due to public and private investments, while other businesses saw profit growth despite lower sales.

Financial highlights

• Q2 FY2026 net sales: ¥107,952 million, up 2.7% year-over-year; operating profit: ¥10,430 million, up 22.1%; ordinary profit: ¥10,713 million, up 25.7%; profit attributable to owners: ¥6,952 million, up 34.4%.

• Earnings per share increased to ¥201.04 from ¥147.49 year-over-year.

• Revised full-year FY2026 projections: net sales ¥221,000 million, operating profit ¥20,400 million, profit attributable to owners ¥12,900 million, EPS ¥375.30.

• Cash and cash equivalents at Q2 FY2026: ¥67,262 million, up ¥6,669 million from previous year.

Outlook and guidance

• FY2026 full-year guidance: net sales expected to rise 3.6% year-over-year, operating profit up 17.4%, profit attributable to owners up 17.5%.

• Dividend forecast revised upward to ¥110 per share for FY2026.

• Construction investment in Japan forecast to reach ¥81 trillion in FY2026, supporting continued rental demand.

• Rental price index for construction equipment continues upward trend since 2024.