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← CockpitCompetitor Analysis › 9678.T Kanamoto Co., Ltd.Open in the cockpit ↗

Kanamoto Co., Ltd.9678.TCompetitor analysis, valuation and peers

Japan · JPY·Financials›Finance/Rental/Leasing

Japan's largest construction and industrial equipment rental company, renting machinery to construction and disaster-recovery sites.

≈ Japan's United RentalsMomentum strong 76
Mkt cap
$1.23B
US dollars, full cap
Free float
74%
of shares outstanding
$/day
$3.91M
20-day average traded
P/B
1.20×
price to book
ROE
9.3%
delivered
Implied ROE
6.4%
what the price asks
Next earnings
28 days
4 Dec 2026
Close · JPY¥5,420
1D-6.2%
1W-4.6%
1M+1.3%
3M+2.3%
6M+16.8%
YTD+38.4%
1Y+47.1%
ATR %3.0%
52w lowhigh6.9% off high

What Kanamoto does

Japan's largest construction and industrial equipment rental company, renting machinery to construction and disaster-recovery sites.

Earns daily and monthly rental fees on a fleet of machines it owns, and sells older machines on the used market, which recovers part of the fleet cost. A nationwide network of rental yards lets contractors get equipment close to their sites.

In one line: Japan's United Rentals.

Products and services

  • Construction equipment rental
  • Disaster-recovery equipment rental
  • Equipment sales

Customers

  • Construction contractors
  • Government disaster-recovery agencies

Where it sits in the supply chain

  • Equipment rental
  • Construction equipment rental
  • Machinery, generators, temporary…

What could go right

  • Infrastructure/disaster-recovery construction demand

What could go wrong

  • Construction activity cyclicality
  • Fleet utilization/pricing pressure

Moat: narrow (scale, distribution). Nationwide rental yard network and fleet scale versus regional rental competitors.

Headquarters: Sapporo, Japan · Founded: 1964 · Employees: 3,933

Named competitors

Kanamoto at a glance

Size Kanamoto (9678.T) is a Japan Financials company (Finance/Rental/Leasing) with a market value of $1.23B, the 647th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥5,420 on 6 Nov 2026.

Performance Over six months the shares gained 16.8%, against -5.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 1.5% over the last twelve months (peer median +3.8%); the operating margin is 9.7% (peer median 21.7%).

Valuation It trades at 1.20× book value against a peer median of 1.39× (9th cheapest of 21).

Price implies The share price implies a return on equity of about 6.4%; Kanamoto delivers 9.3%, so the price asks less than the business earns today.

Next results Next results expected around 4 Dec 2026 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 20269678.T 117Peer median 95
Six months, rebased to 100: Kanamoto against the median of its 20 peers (local-currency closes).

Kanamoto financials

Reported figures in JPY; fiscal year ends 2025-10-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥217B¥213B¥207B¥197B¥188B
Revenue growth—+3%+5%+5%—
Gross profit¥69.3B¥61.4B¥56.5B¥53.2B¥52.4B
EBITDA¥54.8B¥52.5B¥50.9B¥46.9B¥45.8B
Net income¥13.8B¥11.0B¥9.01B¥6.72B¥8.35B
Free cash flown/a¥43.4B¥39.0B¥32.7B¥28.4B
Capital expendituren/a¥4.21B¥2.89B¥5.58B¥5.26B
Total debt¥69.9B¥116B¥120B¥118B¥115B

Quarterly statements and history in the cockpit →

Kanamoto competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%0%+20%+40%2666HOMEFIRSTAIF85669941FIVESTARWD6033001905ATLC4665SBFCZIGUPBDCANFINHOMEPRGWLFC0898609678.T6-month return →1-month return →
Up and to the right = strong over both horizons. Kanamoto is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%20%10×20×2666HOMEFIRSTAIF85669941FIVESTARWD6033001905ATLC46656592SBFCZIGUPBDCANFINHOMEPRGWLFC08986000869678.TReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Kanamoto is the large dot.

Capital: ROE delivered against the ROE the price implies

10%20%30%10%20%30%2666HOMEFIRSTAIF85669941FIVESTARWD6033001905ATLC46656592SBFCZIGUPBDCANFINHOMEPRGWLFC0898609678.TROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Kanamoto is the large dot.

Kanamoto competitors and peer comparison

Head to head with its named competitors (9678.T vs URI)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Kanamoto 9678.T$1.23B+17%+2%9%1.20×6.4%
United Rentals URI$65.4B+13%+9%31%6.75×77.1%

How Kanamoto compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kanamoto against its 20 peers (data as of 6 Nov 2026)
Measure9678.TPeer medianRank in peer set
1-month return+1.3%+4.1%9th lowest of 21
6-month return+16.8%-5.6%5th highest of 21
Return on equity9.3%10.0%10th lowest of 21
Price / book1.20×1.39×9th cheapest of 21
Trailing P/E13.6×12.8×10th most expensive of 20
ROE the price implies6.4%10.6%9th least demanding of 21
ROE delivered9.3%9.9%10th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Kanamoto 9678.TJapan$1.23B+17%+2%9%1.20×6.4%9.3%
Genertec Universal Medical 2666.HKHong Kong$1.21B-19%0%12%0.41×5.1%11.6%
Home First Finance Company India HOMEFIRST.NSIndia$1.21B-10%+19%14%2.45×31.6%14.3%
Altus AIF.TOCanada$1.26B+15%-7%-2%5.50×28.5%-2.2%
Ricoh Leasing Company,Ltd 8566.TJapan$1.20B0%+4%5%0.77×4.3%5.3%
Taiwan Acceptance 9941.TWTaiwan$1.31B-6%-3%12%1.10×3.8%12.2%
Five-Star Business Finance FIVESTAR.NSIndia$1.33B-10%+9%15%1.59×22.3%15.2%
Walker & Dunlop WDUnited States$1.34B-28%+9%2%0.76×10.0%2.2%
Zhejiang Haikong Nanke Huatie Digital Technology 603300.SSChina$1.34B-31%+12%5%1.29×9.8%5.3%
Haitong Unitrust International Financial Leasing 1905.HKHong Kong$1.38B+57%-20%6%0.52×4.2%6.5%
Atlanticus ATLCUnited States$1.38B+8%+84%23%1.97×24.5%22.9%
Duskin 4665.TJapan$1.40B+20%+3%7%1.43×5.4%6.7%
Hotai Finance 6592.TWTaiwan$1.08B-6%-9%10%0.92×3.4%9.7%
SBFC Finance SBFC.NSIndia$1.08B-5%+28%14%2.52×31.2%13.6%
Zigup ZIG.LUnited Kingdom$1.41B+14%+3%7%0.96×12.8%7.1%
Upbound UPBDUnited States$1.41B+29%+3%16%1.88×23.5%15.5%
Can Fin Homes CANFINHOME.NSIndia$1.05B-16%+8%19%1.55×29.3%19.4%
PROG PRGUnited States$1.47B+4%+10%17%1.82×23.0%17.3%
Willis Lease Finance WLFCUnited States$992M-37%+22%10%1.47×11.2%10.2%
LOTTE rental 089860.KSSouth Korea$1.56B+74%+4%8%1.34×6.3%7.7%
Sun Hung Kai & 0086.HKHong Kong$958M-7%-11%6%0.33×3.9%6.2%

Questions

Who are Kanamoto's main competitors?
Named competitors: United Rentals (URI). The cockpit's measured peer set (industry) also includes Genertec Universal Medical (2666.HK), Home First Finance Company India (HOMEFIRST.NS), Altus (AIF.TO), Ricoh Leasing Company,Ltd (8566.T), Taiwan Acceptance (9941.TW), Five-Star Business Finance (FIVESTAR.NS).
Is Kanamoto expensive compared with its peers?
On price / book it trades at 1.20× against a peer median of 1.39×, 9th cheapest of 21 in its peer set. The share price implies a return on equity of about 6.4%; Kanamoto delivers 9.3%, so the price asks less than the business earns today.
How has Kanamoto stock performed?
Over six months to 6 Nov 2026 the shares returned +16.8% against -5.6% for the median peer; over one year +47.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.