9-1, Aza Okita, Tokura, Minamisanriku, Motoyoshi-gun, Miyagi Prefecture
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Feature|Kanamoto's Primary Mission
We will continue responding to the Great East Japan Earthquake, to help achieve the quickest recovery possible.
Improving our response capabilities through full-fledged restoration and recovery works
Full-fledged works for the restoration of disaster areas devastated by the Great East Japan Earthquake have been underway since 2013. While debris removal and decontamination works are ongoing, restoration operations including levee revetment works, disaster recovery public housing works and reconstruction of the Sanriku coastal highway are proceeding, and construction equipment rental demand is growing daily. Given the essential need to further strengthen the "response capabilities" of the Kanamoto Group, we established four new offices during the 49th Business Period (Business Period ended October 2013). We opened our Minamisanriku Branch (Motoyoshi-gun, Miyagi Prefecture) in July, followed by the Hirono Branch (Futaba-gun, Fukushima Prefecture) in September and the Onagawa Branch (Oshika-gun, Miyagi Prefecture) and the Minamisoma Branch (Minamisoma, Fukushima Prefecture) in October. In addition, we created an organization for responding more precisely to the restoration and recovery works by establishing the Rikuzentakata Branch (Rikuzentakata, Iwate Prefecture) in February at the start of our 50th Business Period (Business Period ending October 2014), bringing the number of branches in the Tohoku Region to 52 as of February 2014.
Establishment of New Branch Offices
9-1, Aza Okita, Tokura, Minamisanriku, Motoyoshi-gun, Miyagi Prefecture
42-1 Uetagou, Kamikitaba, Hirono, Futaba-gun, Fukushima Prefecture
7 Kuyou, Urashukuhama, Onagawa, Oshika-gun, Miyagi Prefecture
98-11 Aza Kitayachi, Kamishibusa, Haramachi-ku, Minamisoma, Fukushima Prefecture
115-1, Aza Tate, Takekoma, Rikuzentakata, Iwate Prefecture
Capital investment for a vigorous response to needs
As stated earlier, a succession of projects is now being launched to help the Tohoku Region recover. Numerous public works pertaining to disaster prevention and disaster mitigation countermeasures are on the drawing board as well, and the refurbishing and upgrading of Japan's industrial infrastructure is being promoted as a growth strategy. Finally, because both demand related to the Tokyo Olympics and Paralympics Games in 2020 and private sector construction demand centered on energy-related needs are likewise growing, Kanamoto anticipates vigorous rental demand on a nationwide scale.
The mission of the Kanamoto Group is to support not only the Great East Japan Earthquake restoration and recovery works, but the rental demand related to these efforts as well. Consequently Kanamoto implemented a capital increase at the current market price by issuing 2.8 million shares by way of public offering, and 420,000 shares by third-party allotment, in October 2013. Kanamoto plans to allocate the funds raised through this increase to capital equipment investments related to rental equipment. While the Kanamoto Group has maintained aggressive capital investment in past years as well, responding to these vigorous worksite needs will require further enhancement and expansion of the Group's equipment portfolio. Kanamoto is firm in its belief that creating a portfolio of the necessary equipment, and maintaining an organization that is capable of responding to growing demand, will give additional impetus to activities that will ensure the sustained growth of the Kanamoto Group.