Komori
Earnings presentation6395TADANO LTD.Machinery

2026 Third-Quarter (January-September) Earnings Presentation Materials

Revenue and profit increased substantially in January-September 2026, driven by higher sales in North America and the effects of the TIS acquisition. For the full-year forecast, revenue was reduced by ¥2 billion, while operating profit, ordinary profit and net income were revised upward.

Worth reading
41Recurring
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
20000
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Earnings presentationThird quarter of the fiscal year ending December 2026 (January-September)5 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥277,780 million+15.5%
Operating profit¥27,742 million+151.0%
Ordinary income¥25,168 million+218.4%
Net income¥18,985 million+44.0%
Operating profit margin10
Full-year earnings forecast
Net Sales
¥380,000 million
Operating profit
¥32,000 million
Ordinary income
¥28,000 million
Net income attributable to owners of the parent
¥20,000 million
EBITDA
¥42,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Elimination of one-off factors¥4,400 million
  • Foreign Exchange Effects¥3,100 million
  • Impact of U.S. tariffs¥-2,000 million
  • Refund of U.S. tariffs¥4,000 million
  • Volume¥3,900 million
  • Selling price¥-1,100 million
  • Cost¥-2,300 million
  • Manitex consolidation¥1,200 million
  • TIS consolidation¥4,800 million
  • Other¥688 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • 158 JPY from October onward
    BasisUSD exchange rate
  • 184 JPY from October onward
    BasisEUR exchange rate
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥35,508 million
    Year on year against the same period last year+92.3%
  • ROIC6.4 %
  • ROE9.3 %
  • Net debt-to-equity ratio0.29 times
    Year on year against the same period last yearDown 0.02 points year on year
  • CCC261 days
    Year on year against the same period last yearUp 33.4 days
  • Receivables turnover period50.9 days
    Year on year against the same period last yearDown 15.2 days
  • Inventory turnover period253.3 days
    Year on year against the same period last yearUp 30.1 days
Financial targets
ROIC
6.4 %
ROE
9.3 %
Net debt-to-equity ratio
0.29 times
Orders received and order backlog
The trend in the backlog of construction crane orders is shown, but the specific amount is Not disclosed
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredThird quarter of the fiscal year ending December 2026 (January-September)
Net Sales¥277,780 million (YoY +15.5%)
Operating profit¥27,742 million (YoY +151.0%)
Ordinary income¥25,168 million (YoY +218.4%)
Net income¥18,985 million (YoY +44.0%)
Operating profit margin10
Full-year earnings forecastNet Sales ¥380,000 million / Operating profit ¥32,000 million / Ordinary income ¥28,000 million / Net income attributable to owners of the parent ¥20,000 million / EBITDA ¥42,000 million
Breakdown of Factors Affecting the ChangeFactors Elimination of one-off factors / Amount ¥4,400 million, Factors Foreign Exchange Effects / Amount ¥3,100 million, Factors Impact of U.S. tariffs / Amount ¥-2,000 million, Factors Refund of U.S. tariffs / Amount ¥4,000 million, Factors Volume / Amount ¥3,900 million, Factors Selling price / Amount ¥-1,100 million, Factors Cost / Amount ¥-2,300 million, Factors Manitex consolidation / Amount ¥1,200 million, Factors TIS consolidation / Amount ¥4,800 million, Factors Other / Amount ¥688 million
Key KPIsIndicator name EBITDA / Value ¥35,508 million / Year on year against the same period last year ¥92.3 million, Indicator name ROIC / Value 6.4 % / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 9.3 % / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value 0.29 times / Year on year against the same period last year Down 0.02 points year on year, Indicator name CCC / Value 261 days / Year on year against the same period last year Up 33.4 days, Indicator name Receivables turnover period / Value 50.9 days / Year on year against the same period last year Down 15.2 days, Indicator name Inventory turnover period / Value 253.3 days / Year on year against the same period last year Up 30.1 days
Assumptions Underlying the Business OutlookBasis USD exchange rate / Value 158 JPY (from October onward), Basis EUR exchange rate / Value 184 JPY (from October onward)
Financial targetsROIC Value 6.4 % / ROE Value 9.3 % / Net debt-to-equity ratio Value 0.29 times
Orders received and order backlogThe trend in the backlog of construction crane orders is shown, but the specific amount is Not disclosed
Items this document does not state (18)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&ANew initiatives

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 nine-month results, actual results increased due to higher sales in North America, the effects of the TIS acquisition, foreign exchange impacts and US tariff refunds. The stated reasons for changing the full-year forecast include the results for the nine-month period of the current fiscal year and other factors.

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