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Kanamoto Profit Surges to 10 Billion Yen in Nine-Month Period

Kanamoto Co. Ltd. reported a significant jump in profitability for the nine months ending July 31, with net profit reaching 10.06 billion yen. This result marks a sharp contrast to the 7.24 billion yen recorded during the same period last year, driven by steady gains in revenue and operational efficiency.

Kanamoto Profit Surges to 10 Billion Yen in Nine-Month Period

The Japanese construction equipment rental firm saw its total revenue climb to 162.92 billion yen, up from 158.79 billion yen a year earlier. Operating profit also demonstrated robust growth, rising to 15.44 billion yen from 11.73 billion yen, according to the company’s latest financial disclosure. Pretax profit followed this upward trajectory, hitting 15.78 billion yen compared to the 12.04 billion yen reported in the previous fiscal year. These figures, prepared under Japanese accounting standards, reflect a substantial increase in earnings per share to 292.22 yen, up from 206.85 yen.

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