Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
7000
¥ millionWording
Conditional
How definitive the wording is.Results for this period
Third quarter1 January 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales277,780¥ millionYear on year +15.5%Progress 73.1%
Operating profit27,742¥ millionYear on year +151.0%Progress 86.7%
Ordinary income25,168¥ millionYear on year +218.4%Progress 89.9%
Net income attributable to owners of the parent18,985¥ millionYear on year +44.0%Progress 94.9%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥150.02
Financial position at period-end
Total assets455,247¥ million
of which net assets 224,238 ¥ millionEquity ratio 49.2%vs. prior year-end +4.3pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenue
Japan175,98845.9%+123.7%
Europe80,40121.0%+111.1%
Americas115,13030.0%+118.9%
Oceania12,1353.2%+136.1%
Segment profit
Japan21,484+152.9%
Europe-1,958
Americas7,575+432.6%
Oceania306+50.7%
Regional sales
Japan99,90636.0%+124.3%
Overseas177,87464.0%+111.1%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥380,000 million (YoY +8.7%)
Operating profit¥32,000 million (YoY +71.6%)
Ordinary income¥28,000 million (YoY +84.3%)
Net income¥20,000 million (YoY +8.1%)
Revision to Earnings ForecastNet Sales ¥400,000 million → ¥380,000 million（-5.0%） / Operating profit ¥25,000 million → ¥32,000 million（+28.0%） / Ordinary income ¥22,000 million → ¥28,000 million（+27.3%） / Net income ¥14,000 million → ¥20,000 million（+42.9%）
Annual Dividend Forecast44 yen → 34 yen（-22.7%）
Shareholder Return PolicyMaintain a stable payout, using a payout ratio of 30% as a guideline while taking future business strategies and the business environment into consideration.
Factors Behind Changes in Business Performance
In Japan, sales of vehicle-mounted cranes declined, but sales of construction cranes and aerial work platforms increased, and sales of TIS's material handling machinery also contributed. Overseas, sales declined in the Middle East and Europe but increased in other regions. Operating profit increased on higher revenue, as well as refunds of US tariffs and other factors.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo material changes (0 additions, 0 exclusions)
Breakdown of extraordinary income (loss)Extraordinary income Gain on liquidation of an affiliated company ¥1 million, Reversal of factory restructuring costs ¥1,715 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥46 million, Impairment Loss on Investment Securities ¥1 million
Depreciation and amortization¥6,942 million
Orders received and order backlogOrder backlog ¥2,180 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End129,500,355
Treasury Shares at Period-End2,737,658
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 September 2026 |
| Net Sales | ¥277,780 million (YoY +15.5%) |
| Operating profit | ¥27,742 million (YoY +151.0%) |
| Ordinary income | ¥25,168 million (YoY +218.4%) |
| Profit attributable to owners of the parent | ¥18,985 million (YoY +44.0%) |
| Net income per share | ¥150.02 |
| Equity ratio | End of the current fiscal period 49.2 / End of previous period 44.9 |
| Total assets | ¥455,247 million |
| Net assets | ¥224,238 million |
| Full-year earnings forecast | Net Sales ¥380,000 million (YoY +8.7%) / Operating profit ¥32,000 million (YoY +71.6%) / Ordinary income ¥28,000 million (YoY +84.3%) / Net income ¥20,000 million (YoY +8.1%) |
| Revision to Earnings Forecast | Net Sales ¥400,000 million → ¥380,000 million（-5.0%） / Operating profit ¥25,000 million → ¥32,000 million（+28.0%） / Ordinary income ¥22,000 million → ¥28,000 million（+27.3%） / Net income ¥14,000 million → ¥20,000 million（+42.9%） |
| Annual Dividend Forecast | 44 yen → 34 yen（-22.7%） |
| Shareholder Return Policy | Maintain a stable payout, using a payout ratio of 30% as a guideline while taking future business strategies and the business environment into consideration. |
| Segment revenue | Japan ¥175,988 million (YoY +123.7%) / Europe ¥80,401 million (YoY +111.1%) / Americas ¥115,130 million (YoY +118.9%) / Oceania ¥12,135 million (YoY +136.1%) |
| Segment profit | Japan ¥21,484 million (YoY +152.9%) / Europe ¥-1,958 million / Americas ¥7,575 million (YoY +432.6%) / Oceania ¥306 million (YoY +50.7%) |
| Regional sales | Japan ¥99,906 million (YoY +124.3%) / Overseas ¥177,874 million (YoY +111.1%) |
| Orders received and order backlog | Order backlog ¥2,180 million |
| Depreciation and amortization | ¥6,942 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on liquidation of an affiliated company ¥1 million, Reversal of factory restructuring costs ¥1,715 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥46 million, Impairment Loss on Investment Securities ¥1 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No material changes (0 additions, 0 exclusions) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 129,500,355 |
| Treasury Shares at Period-End | 2,737,658 |
| Factors Behind Changes in Business Performance | In Japan, sales of vehicle-mounted cranes declined, but sales of construction cranes and aerial work platforms increased, and sales of TIS's material handling machinery also contributed. Overseas, sales declined in the Middle East and Europe but increased in other regions. Operating profit increased on higher revenue, as well as refunds of US tariffs and other factors. |
Items this document does not state (8)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioImpairment lossMaterial subsequent events
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Based on the cumulative third-quarter results, revenue is expected to fall below the previous forecast, while operating profit, ordinary profit and net profit attributable to owners of the parent are expected to exceed it. In terms of actual results, in addition to higher revenue, refunds of US tariffs and other factors contributed to the increase in operating profit.
How to read this page
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