Consolidated Financial Highlights

	Millions of yen		Thousands of U.S. dollars (Note)
	April 30, 2017	April 30, 2018	April 30, 2018
Consolidated operating results
Net sales	¥ 79,210	¥ 85,349	$ 780,520
Operating income	9,993	10,994	100,545
Ordinary income	10,242	11,155	102,016
Profit attributable to owners of parent	6,468	6,735	61,592
Comprehensive income	7,053	7,171	65,586
Consolidated financial position
Total assets	230,167	242,968	2,221,931
Net assets	87,404	97,701	893,475
Equity ratio	35.7%	37.7%	37.7%
Consolidated cash flows
Net cash provided by (used in) operating activities	24,114	22,716	207,743
Net cash provided by (used in) investing activities	-1,409	-4,562	-41,727
Net cash provided by (used in) financing activities	-15,627	-13,250	-121,171
Cash and cash equivalents at end of period	40,154	40,063	366,380

Information per share of common stock	Yen		U.S. dollars (Note)
	April 30, 2017	April 30, 2018	April 30, 2018
Basic earnings per share	¥ 183.03	¥ 190.59	$ 1.74
Dividends per share	15.00	20.00	0.18

Note: U.S. dollar amounts have been converted from yen for convenience only, at the rate ¥109.35=US $1, the approximate exchange rate on April 27, 2018.

Financial Topics

During the interim period of the current consolidated fiscal year the Company was able to substantially increase net sales, and from an earnings perspective maintained earnings growth momentum as well. This was accomplished by pursuing branch development centered on the Tokyo metropolitan area and regions of western Japan where the Company has not had a strong presence in the past, and executing actions such as measures to strengthen Kanamoto’s group strategy, broaden its operating base, maintain and enhance its support organization for disaster recovery and reconstruction activities, and improve utilization ratios through optimal repositioning of rental equipment. The Company also continued to smoothly and systematically conduct used construction equipment sales against the backdrop of an excellent market environment.