Kanamoto (9678) Q4 2025 earnings summary

Executive summary

• Net sales reached ¥213,266 million, up 2.9% year-over-year, with operating profit rising 19.2% to ¥17,369 million and profit attributable to owners up 21.8%, marking double-digit growth for the second consecutive year.

• Growth was driven by steady demand in the Construction Equipment Rental Business, especially in urban redevelopment and public works, and improved profit margins from stricter cost control and optimized rental pricing.

• The company advanced its Medium-Term Management Plan, focusing on growth, digital transformation, and sustainability.

• Construction investment in Japan remains robust, supporting continued demand for equipment rentals.

Financial highlights

• Net sales: ¥213,266 million (+2.9% YoY); Operating profit: ¥17,369 million (+19.2% YoY); Ordinary profit: ¥17,951 million (+18.0% YoY); Profit attributable to owners: ¥10,977 million (+21.8% YoY); EPS: ¥314.15.

• Cash and cash equivalents increased by ¥10,006 million to ¥60,592 million at year-end.

• Dividend for FY2025 set at ¥95 per share, up ¥15 from the prior year; FY2026 planned at ¥100.

• Comprehensive income rose 22.7% to ¥12,960 million.

• Equity ratio improved to 45.4% from 43.4% year-over-year.

Outlook and guidance

• FY2026 guidance: Net sales projected at ¥221,000 million (+3.6% YoY), operating profit at ¥18,700 million (+7.7% YoY), ordinary profit at ¥18,900 million (+5.3% YoY), and EPS at ¥333.64.

• Profit attributable to owners of parent for FY2026 projected at ¥11.4 billion (+3.9%).

• Construction investment in Japan expected to rise to about ¥80 trillion in FY2026, supporting continued rental demand.

• The company expects continued firm demand in construction, but notes supply-side constraints and regulatory challenges.

• Strategic investments and growth initiatives to continue, with focus on capital efficiency and sustainability.