Warning: include(/home/c9205967/public_html/kanamoto.ne.jp/include/header_48annual.php): Failed to open stream: No such file or directory in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/48/annualreport/15/index.html on line 121

Warning: include(): Failed opening '/home/c9205967/public_html/kanamoto.ne.jp/include/header_48annual.php' for inclusion (include_path='.:/opt/alt/php82/usr/share/pear:/opt/alt/php82/usr/share/php:/usr/share/pear:/usr/share/php') in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/48/annualreport/15/index.html on line 121

Warning: include(/home/c9205967/public_html/kanamoto.ne.jp/include/menu_48annual_en.php): Failed to open stream: No such file or directory in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/48/annualreport/15/index.html on line 128

Warning: include(): Failed opening '/home/c9205967/public_html/kanamoto.ne.jp/include/menu_48annual_en.php' for inclusion (include_path='.:/opt/alt/php82/usr/share/pear:/opt/alt/php82/usr/share/php:/usr/share/pear:/usr/share/php') in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/48/annualreport/15/index.html on line 128

Consolidated Financial Statements

Consolidated Balance Sheets

ASSETS

October 31, 2011 October 31, 2012
Millions of yen Millions of yen Thousands of U.S.
dollars (Note)

Current assets :

Cash and deposits ¥ 20,059 ¥ 19,387 $ 243,375
Notes and accounts receivable, trade 16,419 23,560 295,766
Negotiable securities 350 350 4,393
Merchandise inventories and products 621 521 6,548
Work in process 33 53 668
Raw materials and supplies 198 213 2,676
Construction equipment 1,557 2,578 32,362
Income taxes receivable 10 10 134
Consumption tax receivable 103 57 726
Deferred tax assets 383 616 7,733
Other 606 719 9,029
Allowance for doubtful accounts (368) (384) (4,825)
Total current assets 39,975 47,683 598,587
 

Fixed assets :

Tangible fixed assets
Rental equipment assets 72,929 111,689 1,402,073
Accumulated depreciation (41,233) (65,644) (824,059)
Net rental equipment assets 31,695 46,044 578,013
Buildings and structures 20,871 22,253 279,356
Accumulated depreciation (13,481) (14,565) (182,840)
Net buildings and structures 7,389 7,688 96,515
Machinery, equipment, vehicles and delivery equipment 5,131 5,367 67,376
Accumulated depreciation (4,491) (4,771) (59,895)
Net machinery, equipment, vehicles and delivery equipment 639 595 7,480
Land 29,907 29,548 370,927
Other 1,422 1,579 19,832
Accumulated depreciation (1,186) (1,301) (16,338)
Net other 236 278 3,494
Total tangible fixed assets 69,869 84,155 1,056,432
Intangible fixed assets
Goodwill 159 192 2,415
Other 243 203 2,558
Total intangible fixed assets 402 396 4,974
Investments and other assets
Investment securities 3,202 3,196 40,131
Deferred tax assets 658 622 7,809
Other 1,866 1,947 24,445
Allowance for doubtful accounts (732) (590) (7,409)
Reserve for investment losses (122) (67) (853)
Total investments and other assets 4,872 5,107 64,122
Total fixed assets 75,144 89,659 1,125,528
Total assets ¥ 115,120 ¥ 137,343 $ 1,724,116

LIABILITIES AND NET ASSETS

October 31, 2011 October 31, 2012
Millions of yen Millions of yen Thousands of U.S.
dollars (Note)

Current liabilities :

Notes and accounts payable, trade ¥ 13,318 ¥ 18,011 $ 226,102
Short-term bank loans 11,155 834 10,478
Long-term bank loans due within one year 9,853 12,671 159,071
Current portion of bonds 22
Lease obligations 1,087 1,106 13,890
Corporate taxes payable 322 2,344 29,432
Accrued bonuses to employees 531 774 9,721
Allowance for disaster losses 289 10 125
Accounts payable, other 7,574 9,386 117,832
Other 1,188 1,641 20,603
Total current liabilities 45,342 46,781 587,260
 

Long-term liabilities :

Long-term bank loans 17,063 25,945 325,700
Lease obligations 1,430 3,041 38,184
Accrued employees retirement benefits 37 0 12
Retirement allowances to directors and auditors 210
Long-term accrued expenses 13,251 19,707 247,400
Asset retirement obligations 147 207 2,607
Other 45 258 3,242
Total long-term liabilities 32,185 49,161 617,147
Total Liabilities 77,527 95,943 1,204,407
 

Net assets :

Shareholders’ equity
Capital stock 9,696 9,696 121,726
Capital surplus 10,960 10,960 137,594
Retained earnings 16,297 19,199 241,020
Treasury stock (25) (27) (345)
Total shareholders’ equity 36,929 39,829 499,995
Accumulated other comprehensive income
Valuation difference on other investment securities 198 331 4,163
Translation adjustments account (42) (54) (687)
Total accumulated other comprehensive income 156 276 3,475
Minority interests 507 1,293 16,237
Total net assets 37,592 41,399 519,708
Total liabilities and net assets ¥ 115,120 ¥ 137,343 $ 1,724,116

Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥79.66=US$1, the approximate exchange rate on October 31, 2012.

Consolidated Statements of Income

Prior Consolidated Fiscal Year (From November 1, 2010 to October 31, 2011) Current Consolidated Fiscal Year (From November 1, 2011 to October 31, 2012)
Millions of yen Millions of yen Thousands of
U.S. dollars (Note)

Total revenues

¥ 71,086 ¥ 86,106 $ 1,080,929
Total cost of revenues 50,631 60,333 757,388

Gross profit

20,455 25,773 323,541
Selling, general and administrative expenses 17,550 19,343 242,821

Operating income

2,905 6,430 80,720
Non-operating revenues
Interest revenue 11 10 126
Dividend income 50 85 1,078
Insurance benefits 33 64 808
Rents received 45 53 676
Cash bonus received 5 23 291
Amortization of negative goodwill 69 69 876
Reversal of allowance for doubtful accounts 22 284
Reversal of allowance for disaster losses 101 1,273
Other 122 183 2,304
Total non-operating revenues 339 614 7,720
Non-operating expenses
Interest expense 792 856 10,750
Loss on sale of notes receivable 41 45 576
Other 170 209 2,636
Total non-operating expenses 1,005 1,112 13,963

Ordinary income

2,239 5,932 74,477
Extraordinary profits
Subsidies 32 177 2,228
Gain on sale of fixed assets 11 21 264
Gain on sale of investment securities 0 1 13
Gain on investment in partnership enterprise 1
Gain on reversal of allowance for doubtful accounts 13
Gain on termination of retirement benefit plan 1,465
Gain on negative goodwill 671 8,434
Other 9 19 246
Total extraordinary profits 1,534 891 11,188

Extraordinary losses

Loss on sale or retirement of fixed assets 132 185 2,322
Impairment loss 63 343 4,311
Loss on sale of investment securities 17 116 1,456
Valuation loss on investment securities 134 0 1
Loss from disaster 837
Provision of allowance for investment losses 41
Provision of allowance for doubtful accounts 1
Loss on adjustment for changes of accounting standard for asset retirement obligations 95
Other 2
Total extraordinary losses 1,327 644 8,091
Income before taxes and adjustments 2,446 6,179 77,574
Corporate, local and business taxes 862 2,752 34,548
Adjustment for corporate and other taxes 470 2 32
Total corporate and other taxes 1,332 2,754 34,581
Income before adjustment for minority interests (loss) 1,113 3,424 42,994
Minority interest in income (loss) (52) (150) (1,884)

Net income

¥ 1,165 ¥ 3,575 $ 44,878

Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥79.66=US$1, the approximate exchange rate on October 31, 2012.

Consolidated Statements of Comprehensive Income

Prior Consolidated Fiscal Year (From November 1, 2010 to October 31, 2011) Current Consolidated Fiscal Year (From November 1, 2011 to October 31, 2012)
Millions of yen Millions of yen Thousands of
U.S. dollars (Note)

Income before adjustment for minority interests (loss)

¥ 1,113 ¥ 3,424 $ 42,994
Other comprehensive income
Valuation difference on other investment securities 51 132 1,666
Translation adjustments account (8) (5) (74)
Total other comprehensive income 43 126 1,592

Comprehensive income

1,156 3,551 44,586
(Breakdown)
Comprehensive income attributable to owners of the parent 1,214 3,695 46,395
Comprehensive income attributable to minority interests ¥ (57) ¥ (144) $ (1,809)

Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥79.66=US$1, the approximate exchange rate on October 31, 2012.

Consolidated Statements of Changes in Net Assets
(November 1, 2011 - October 31, 2012)

Shareholders' equity Accumulated other comprehensive income
Number of shares of common stock Common stock Capital surplus Retained earnings Treasury stock Total
share-
holders’ equity
Net unrealized holding gain (loss) on other securities Foreign currency translation adjustments Total accumu-
lated
other compre-
hensive income
Minority interests Total net assets
Thousands of shares Millions of yen

Balance at October 31, 2010

32,872 ¥ 9,696 ¥ 10,960 ¥ 15,788 ¥ (24) ¥ 36,420 ¥ 147 ¥ (40) ¥ 107 ¥ 497 ¥ 37,025
Net income 1,165 1,165 1,165
Cash dividends (656) (656) (656)
Acquisition of treasury stock (0) (0) (0)
Disposal of treasury stock (0) 0 0 0
Otder 51 (2) 49 9 58

Balance at November 1, 2011

32,872 ¥ 9,696 ¥ 10,960 ¥ 16,297 ¥ (25) ¥ 36,929 ¥ 198 ¥ (42) ¥ 156 ¥ 507 ¥ 37,592
Net income 3,575 3,575 3,575
Cash dividends (656) (656) (656)
Increase (decrease) from change in scope of consolidation (16) (16) (26) (42)
Acquisition of treasury stock (2) (2) (2)
Disposal of treasury stock 0 0 0 0
Otder 132 (12) 120 812 933

Balance at October 31, 2012

32,872 ¥ 9,696 ¥ 10,960 ¥ 19,199 ¥ (27) ¥ 39,829 ¥ 331 ¥ (54) ¥ 276 ¥ 1,293 ¥ 41,399
  Shareholders' equity Accumulated other comprehensive income
Common stock Capital surplus Retained earnings Treasury stock Total share-
holders’ equity
Net unrealized holding gain on other securities Foreign currency translation adjustments Total accumu-
lated
other
compr-
ehensive income
Minority interests Total net assets
Thousands of U.S. dollars (Note)

Balance at November 1, 2011

$ 121,726 $ 137,594 $ 204,585 $ (316) $ 463,589 $ 2,495 $ (536) $ 1,959 $ 6,365 $ 471,914
Net income 44,878 44,878 44,878
Cash dividends (8,243) (8,243) (8,243)
Increase (decrease) from change in scope of consolidation (201) (201) (332) (533)
Acquisition of treasury stock (32) (32) (32)
Disposal of treasury stock 0 3 3 3
Otder 1,667 (150) 1,516 10,203 11,719

Balance at October 31, 2012

$ 121,726 $ 137,594 $ 241,020 $ 345 $ 499,995 $ 4,163 $ (687) $ 3,475 $ 16,237 $ 519,708

Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥79.66=US$1, the approximate exchange rate on October 31, 2012.

Consolidated Statements of Cash Flows

Prior Consolidated Fiscal Year (From November 1, 2010 to October 31, 2011) Current Consolidated Fiscal Year (From November 1, 2011 to October 31, 2012)
Millions of yen Millions of yen Thousands of
U.S. dollars (Note)

Cash flows from operating activities :

Income before taxes and adjustments ¥ 2,446 ¥ 6,179 $ 77,575
Depreciation and amortization expense 8,835 11,071 138,980
Impairment loss 63 343 4,311
Amortization of goodwill 206 158 1,992
Gain on negative goodwill (671) (8,434)
Loss on sale or retirement of fixed assets 121 163 2,057
Installment purchases of assets for small-value rentals 38 46 577
Reclassification of cost of sales associated with disposal of construction equipment 3 5 71
Reclassification of cost of sales associated with disposal of rental assets 469 512 6,440
Expenditures for acquisition of construction equipment (458) (1,238) (15,549)
Expenditures for acquisition of rental assets (1,959) (1,916) (24,056)
Valuation loss on investment securities 134 0 1
Loss on sale of investment securities 16 114 1,443
Decrease in allowance for doubtful accounts (94) (151) (1,908)
Increase in allowance for investment loss 41 7 88
Increase (decrease) in accrued bonuses to employees (57) 140 1,762
Increase (decrease) in accrued employees retirement benefits (1,304) (35) (448)
Increase (decrease) in retirement allowances to directors and auditors 4 (205) (2,586)
Increase (decrease) in allowance for disaster losses (142) (1,788)
Interest revenue and dividend income (61) (95) (1,204)
Interest expense on installment purchases of rental assets 183 238 2,989
Interest expense 792 856 10,750
Increase in notes and accounts receivable (1,463) (1,442) (18,109)
(Increase) decrease in inventory (49) 39 497
Increase in notes and accounts payable 261 1,165 14,630
Loss on adjustment for changes of accounting standard for asset retirement obligations 95
Loss from disaster 837
Increase in accounts payable, other 742 727 9,136
Other (232) 287 3,607
Subtotal 9,613 16,157 202,826
Interest and dividends received 62 95 1,205
Interest expense (926) (1,065) (13,373)
Payments for loss on disaster (187) (137) (1,725)
Refund (payment) of corporate and other taxes (1,657) (744) (9,340)
Cash flow from operating activities ¥ 6,903 ¥ 14,306 $ 179,593

Cash flow from investing activities :

Revenue from redemption of term deposits ¥ 50 ¥ 15 $ 188
Funds used for the purchase of tangible fixed assets (517) (451) (5,673)
Funds provided from the sale of tangible fixed assets 16 121 1,531
Funds used for the purchase of intangible fixed assets (9) (10) (131)
Funds used for the purchase of investment securities (449) (61) (769)
Funds provided from sale of investment securities 0 174 2,195
Funds used for the purchase of investments in subsidiaries resulting in change in scope of consolidation (662) (8,320)
Funds used for the purchase of subsidiary stock (61) (50) (628)
Funds used for establishment of subsidiary company (45)
Funds used for short-term loans (163)
Funds provided from collection of short-term loans receivable 105 45 569
Other 62 44 553
Cash flow from investing activities (1,013) (835) (10,486)

Cash flow from financing activities :

Increase (decrease) in short-term bank loans 9,767 (2,340) (29,383)
Funds provided by long-term bank loans 2,580 10,641 133,582
Funds used to repay long-term bank loans (10,935) (12,042) (151,171)
Funds used to redeem corporate bonds (22) (22) (276)
Funds used for repayment of installment obligations (6,006) (8,423) (105,744)
Funds used for repayment of lease obligations (1,057) (1,253) (15,735)
Funds used for the purchase of treasury stock (0) (2) (32)
Funds provided from the sale of treasury stock 0 0 4
Funds used for the purchase of treasury stock of subsidiary (0) (0) (0)
Payment of dividends (656) (659) (8,282)
Funds provided by payment from minority shareholders 68 27 349
Cash dividends paid to minority shareholders (1)
Cash flow from financing activities (6,262) (14,074) (176,688)

Effect of exchange rate changes on cash and cash equivalents

(4) (21) (268)

Decrease in cash and equivalents

(376) (625) (7,850)

Balance of cash and equivalents at beginning of period

20,751 20,374 255,772

Decrease in cash and equivalents in conjunction with change in accounting period of consolidated subsidiary

(32) (404)

Balance of cash and equivalents at end of period

¥ 20,374 ¥ 19,717 $ 247,518

Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥79.66=US$1, the approximate exchange rate on October 31, 2012.


Warning: include(/home/c9205967/public_html/kanamoto.ne.jp/include/footer_annual_en.php): Failed to open stream: No such file or directory in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/48/annualreport/15/index.html on line 2020

Warning: include(): Failed opening '/home/c9205967/public_html/kanamoto.ne.jp/include/footer_annual_en.php' for inclusion (include_path='.:/opt/alt/php82/usr/share/pear:/opt/alt/php82/usr/share/php:/usr/share/pear:/usr/share/php') in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/48/annualreport/15/index.html on line 2020
TOP