KANAMOTO continues to rise and hits new high, buoyed by 26% jump in H1 recurring profit and increased dividend forecast

KANAMOTO CO.,LTD. <9678> shares extended their gains on Monday, hitting a fresh all-time high. Following Friday's close, the company reported its first-half consolidated financial results for the period ended April 2026. Net sales rose 2.7% year-on-year to 107.95 billion yen, while ordinary profit jumped 25.7% to 10.71 billion yen. Alongside the earnings release, KANAMOTO disclosed an upward dividend revision, expanded its share buyback program while extending the accumulation period, and announced the cancellation of treasury shares, fueling buying interest.

Rental demand for construction machinery remained solid, underpinned by public investment driven by national resilience policies, private-sector initiatives in energy and labor efficiency, and logistics infrastructure upgrades. The interim dividend, with a record date of April 30, was set at 55 yen, up 5 yen from the previous forecast. The year-end dividend forecast was also raised by 5 yen to 55 yen, bringing the projected annual dividend to 110 yen, a 15 yen increase from the prior fiscal year.

Additionally, KANAMOTO had previously announced a share buyback program in December with a cap of 0.90 million shares, or 3.00 billion yen, running through June 30. The company has now expanded this framework to up to 1.30 million shares, representing 3.79% of issued shares excluding treasury stock, or a total value of 5.00 billion yen, while extending the deadline to November 30. As of May 31, KANAMOTO had repurchased 0.60 million shares for approximately 2.52 billion yen. The company plans to cancel 2.00 million treasury shares on June 30, alongside partial modifications to its shareholder benefit program.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.