Five Japanese dividend-growth stocks expected to pay October dividends under the New NISA scheme are named. KANAMOTO CO., LTD., a major construction equipment rental company, is among them, with its overseas expansion and dividend policy attracting attention.
The article names 5 dividend-growth stocks that may offer the opportunity to capture October dividends under the New NISA scheme and outlines the characteristics of each stock, including KANAMOTO CO., LTD. (9678).
KANAMOTO CO., LTD. is Japan's second-largest construction equipment rental company, with approximately 5,000 types of rental equipment totaling 1.8 million items. It has 534 locations in Japan and 23 locations across 7 countries overseas, making international expansion one of its growth strategies.
The company is working to improve safety by fitting its construction equipment with AI pedestrian-detection cameras. Its KanaTouch remote-control system also enables remote operation. It is advancing the development and deployment of unmanned and automated construction technologies.
Revenue is growing, while profit has been recovering from the COVID-19 pandemic and is on an upward trend. The 5-year chart is in an uptrend, the forecast dividend yield is 2.06%, and the company is expected to raise its dividend for 3 consecutive years. Its dividend policy is progressive dividends.