Tadano Ltd. · TSE:6395
Tadano — Q3 2024 Earnings Presentation
11 slides from Tadano's earnings presentation, Nov 11, 2024
Slide 1: Consolidated Financial Results for Third Quarter of FY 2024
Consolidated Financial Results for Third Quarter of FY 2024 (January 1, 2024 through September 30, 2024) November 11, 2024 Tadano Ltd.
Slide 2: Notes
＜Notes＞ ⚫ Forward-looking statements contained in this report are based on information available as of the date this report was prepared. A variety of factors may cause actual results to differ from projections. 2
Slide 3: Income Statement
Income Statement ✓ Net sales and income increased due to improvements in selling prices and foreign exchange effects. （Unit: millions of yen） 2023 Jan-Sep 2024 Jan-Sep Change Amount % Amount % Net sales 203,922 100.0% 212,689 100.0% 8,766 Cost of sales 147,927 72.5% 149,732 70.4% 1,805 Gross profit
Slide 4: Major Factors Leading to Change in Operating Income
Major Factors Leading to Change in Operating Income ✓ Despite increases in raw material prices, operating income increased by ¥6.2 billion due to improvements in selling prices and foreign exchange effects. “Other” includes the following （Millions of yen） ・Increases in raw material prices : (4,500)
Slide 5: Balance Sheet
Balance Sheet ✓ Inventories increased due to plant reorganization in Europe. （Unit: millions of yen） As of As of As of As of Change Change Dec 31, 2023 Sep 30, 2024 Dec 31, 2023 Sep 30, 2024 Cash deposits 94,343 60,563 (33,780) Accounts payable 48,438 33,243 (15,195) Accounts receivable 50,346 46,10
Slide 6: Net Sales by Product
Net Sales by Product ✓ Net sales increased in all segments. Net Sales by Product （Unit: millions of yen） （Millions of yen） 2023 2024 Change 300,000 Jan-Sep Jan-Sep Amount % Mobile Cranes 145,024 147,460 2,436 1.7% Truck Loader Cranes 13,279 14,073 793 6.0% 250,000 Aerial Work Platforms 11,345 15,343
Slide 7: Net Sales by Destination
Net Sales by Destination ✓ Net sales increased in North America and Oceania, but decreased in Europe and Middle East. （Unit: millions of yen） Outside Japan Net Sales by Destination （Millions of yen） 2023 2024 Change 200,000 80% Jan-Sep Jan-Sep Amount % Europe 23,284 21,928 (1,356) (5.8)% 175,000 70%
Slide 8: FY 2024 Business Performance Forecast
FY 2024 Business Performance Forecast （Unit: millions of yen） 2024 Jan-Dec Forecast 2024 Jan-Dec Forecast 2023 Jan-Dec Change (as of February 14th) (as of November 11th) Amount % Amount % Amount % Amount % Net sales 280,266 100% 315,000 100% 290,000 100% (25,000) (7.9)% Operating income 18,349 6.5%
Slide 9: FY 2024 Forecast (Major Factors Leading to Change in Operating Income)
FY 2024 Forecast (Major Factors Leading to Change in Operating Income) ✓ Operating income increased by ¥4.6 billion due to improvements in selling prices and foreign exchange effects. （Millions of yen） “Other” includes the following ・Increases in raw material prices : (5,800) 30,000 1,300 11,000 25,
Slide 10: FY 2024 Forecast (Net Sales by Product)
FY 2024 Forecast (Net Sales by Product) Net Sales by Product （Unit: millions of yen） （Millions of yen） 300,000 2024 Jan-Dec Change 2023 Jan-Dec Forecast Amount % Mobile Cranes 199,232 198,400 (832) (0.4)% 250,000 Truck Loader Cranes 17,996 19,100 1,103 6.1% 200,000 Aerial Work Platforms 16,230 23,70
Slide 11: FY 2024 Forecast (Net Sales by Destination)
FY 2024 Forecast (Net Sales by Destination) （Unit: millions of yen） （Millions of yen） Outside Japan Net Sales by Destination 2024 Jan-Dec Change 200,000 80% 2023 Jan-Dec Forecast Amount % 175,000 70% Europe 31,520 29,200 (2,320) (7.4)% North America 89,535 96,500 6,964 7.8% 150,000 60% Latin America