Following a substantial increase in profit through the third quarter, Tadano raised its full-year operating profit forecast to ¥32 billion and its net profit forecast to ¥20 billion. Meanwhile, the revenue forecast was revised down from ¥400 billion to ¥380 billion.
After the close of trading on the 4th, Tadano revised its full-year earnings forecast, raising its operating profit forecast to ¥32 billion and its net profit forecast to ¥20 billion. The revenue forecast was revised down from ¥400 billion to ¥380 billion.
For the cumulative period through the third quarter, sales were ¥277.78 billion, operating profit was ¥2.774 billion, and net profit was ¥1.899 billion, representing substantial year-on-year profit growth.
The U.S. tariff refund was cited as a factor driving the increase in profit. Although sales of vehicle-mounted cranes declined, growth in construction cranes and aerial work platforms contributed. The acquisition of the material-handling systems business of IHI Transport Machinery, now TIS, also had an impact.