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Kanamoto Co., Ltd.

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Kanamoto Co., Ltd. - Manufacturing & Construction showcase

Year Founded & Workforce

1964

3,832 Employees

Industry

Manufacturing & Construction

Services

Global Construction Equipment Rental Market
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Kanamoto Co., Ltd. Overview

Company Headquarters: Hokkaido, Japan

Founded: 1964

Workforce: ~ 3,832

Company Working: Kanamoto Co., Ltd. is an equipment rental services company that provides construction equipment, engineering workstations and computer peripherals. The company operates through various business segments such as construction equipment rental business, steel product sales business, computing products, and other businesses. Its construction equipment's includes hydraulic excavators, vehicles for working high off the ground, dump trucks, temporary housing materials and generators. It owns approximately 460 different models and 400,000 construction equipment rental items. The company has over 160 branches throughout Japan and 280 branches globally. Kanamoto also provides rental services of efficient hardware and a broad range of network solutions. The company offers steel products such as H-beams, sheet piles, formed reinforcing bars and single-tube pipes. It provides construction equipment rentals in Vietnam, Algeria, the UAE and the Pacific Rim region. The company operates in Sapporo and Tokyo, Japan.

Strategy

Under the Overseas Strategy 2.0 of the company, the priorities of the company are: To optimize its global product and service portfolio − To establish its own version of a global platform, The non-organic strategy includes the mergers and acquisition initiatives of international businesses with complimentary products. To invest resources in product planning and development of technologies and systems required at construction sites. The company aims to provide a comprehensive range of equipment to meet the diverse needs of its customers. Kanamoto provides flexible rental options to accommodate the varying requirements of its clients. Kanamoto places significant importance on the maintenance and upkeep of its rental equipment. Regular maintenance and inspections are conducted to keep the equipment in optimal condition, minimizing the risk of breakdowns and ensuring reliable performance during rental periods. Kanamoto provides comprehensive customer support services to assist clients in selecting the right equipment for their projects. The company's knowledgeable staff can provide guidance on equipment selection based on project requirements, usage conditions, and budget considerations. Kanamoto also offers technical support and assistance to customers during the rental period.

Company Snapshot

$1,713.2M

Revenue

3,832

Employees

1964

Founded

Hokkaido, Japan

Headquarters

SWOT Analysis

Strengths

  • The company is the largest construction equipment rental company in Japan, with majority of the revenue coming from the domestic market
  • The company provides a board range of high-quality product and service capabilities to meet the technical requirements and on-site demands of its customers.

Weaknesses

  • The dependency of the company on its construction equipment rental portfolio has limited the company’s revenue.
  • While Kanamoto Co., Ltd. has a strong presence in Japan, their operations may still be concentrated in certain regions.
  • The company's operations are primarily focused on the domestic market
  • The dependency of the company on its construction equipment rental portfolio has limited the company’s revenue

Opportunities

  • The construction activities in the Middle East and Africa region as well as Southeast Asia region will help the company expand its revenues.
  • Embracing technological advancements, such as smart equipment or digital platforms for rental management, can enhance Kanamoto Co., Ltd.'s offerings and improve operational efficiency.
  • The construction activities in the Middle East and Africa region as well as Southeast Asia region will help the company expand its revenues

Threats

  • The impact of recession on major economies, like the United States and China, as well on Japan’s economy will affect the business of the company.
  • The construction equipment rental industry in Japan is highly competitive, with both local and international players.

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Key Developments

DateApproachDevelopment
October 2019AcquisitionKanamoto acquired Kyushu Road Co., Ltd. another rental company with a view to expand its product offerings.
September 2019AcquisitionKonamoto acquired Safety Ishikawa Co., Ltd. to increase its equipment offering for the customers.
November 2018ExpansionKanamoto started its operations in Malaysia.
August 2018AcquisitionKanamoto acquired Sanwa Machine Lease Co., Ltd., another equipment rental company to expand its construction equipment portfolio and offerings.
February 2018AcquisitionNishiken Co., Ltd. subsidiary of Kanomoto, acquired Carewell Anshin Co., Ltd. another equipment rental company to expand its construction equipment portfolio and offerings.

Product Offering

  • Kanamoto Co., Ltd.
    • Global Construction Equipment Rental Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 1,713.2 Mn in 2020 to USD 1,274 Mn in 2022.
Kanamoto Co., Ltd. — By Business Segment
Series (USD Mn)202020212022
Sales1,713.21,660.71,274

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