Tadano Ltd. · TSE:6395
Tadano — Q3 2025 Earnings Presentation
6 slides from Tadano's earnings presentation, Nov 7, 2025
Slide 1: Consolidated Financial Results for Third Quarter of FY 2025
Consolidated Financial Results for Third Quarter of FY 2025 (January 1, 2025 through September 30, 2025) November 7, 2025 Tadano Ltd.
Slide 2: Income Statement
Income Statement ✓ Net sales increased, but operating profit and ordinary profit decreased due to M&A expenses leading to increase in selling, general and administrative expenses. （Unit: millions of yen） 2024 Jan-Sep 2025 Jan-Sep Change Amount % Amount % Net sales 212,689 100% 240,547 100% 27,858 Co
Slide 3: Major Factors Leading to Change in Operating Profit (Year over Year)
Major Factors Leading to Change in Operating Profit (Year over Year) ✓ Operating profit decreased by ¥8.4 billion due to temporary factors including M&A expenses and increase in expenses. (Millions of yen) Breakdown 25,000 ・Impact of decline in sales volume ：(300) ・Impact of U.S. tariff-driven shipm
Slide 4: Balance Sheet
Balance Sheet ✓ Interest-bearing debt increased due to preparation for impact of U.S. tariffs. ✓ Inventories, fixed assets and interest-bearing debt increased due to acquisition of Manitex and TIS. （Unit: millions of yen） As of As of As of As of Change Change Dec 31, 2024 Sep 30, 2025 Dec 31, 2024 S
Slide 5: Net Sales by Product
Net Sales by Product ✓ In Mobile LE, net sales increased in all product segments except mobile cranes. ✓ Static LE sales added following acquisition of TIS. （Unit: millions of yen） （Millions of yen） Net Sales by Product 2024 2025 Change 350,000 Jan-Sep Jan-Sep Amount % Mobile Cranes 147,460 143,319
Slide 6: Net Sales by Region
Net Sales by Region ✓ Net sales increased mainly in Europe and North America due to acquisition of Manitex, while decreased in Asia and Oceania. ✓ Net sales in Japan increased due to acquisition of TIS. （Unit: millions of yen） （Millions of yen） Outside Japan Net Sales by Region 2024 2025 Change 200,