Tadano Ltd. · TSE:6395
Tadano — Q2 FY2024 Earnings Presentation
14 slides from Tadano's earnings presentation, Aug 9, 2024
Slide 1: Consolidated Financial Results for Second Quarter of FY 2024
Consolidated Financial Results for Second Quarter of FY 2024 (January 1, 2024 through June 30, 2024) August 9, 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. ⚫ Presentation of demand and share: • Figures showing demand based on Tadano research ar
Slide 3: Key Points of Second Quarter of FY 2024 Financial Results
Key Points of Second Quarter of FY 2024 Financial Results ✓ Net sales and income increased due to improvements in selling prices and foreign exchange effects. （Unit: millions of yen） 2023 Jan-Jun 2024 Jan-Jun Change Amount % Amount % Amount % Net sales 133,267 100% 141,381 100% 8,114 6.1% Operating
Slide 4: Income Statement
Income Statement （Unit: millions of yen） 2023 Jan-Jun 2024 Jan-Jun Change Amount % Amount % Net sales 133,267 100.0% 141,381 100.0% 8,114 Cost of sales 97,163 72.9% 98,598 69.7% 1,434 Gross profit 36,104 27.1% 42,783 30.3% 6,679 Selling, general, and administrative expenses 27,306 20.5% 30,499 21.6%
Slide 5: 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 ¥3.4 billion due to improvements in selling prices and foreign exchange effects. “Other” includes the following （Millions of yen） ・Increases in raw material prices : (3,200)
Slide 6: Balance Sheet
Balance Sheet ✓ Inventories increased due to production constraints and foreign exchange effects. （Unit: millions of yen） As of As of As of As of Change Change Dec 31, 2023 Jun 30, 2024 Dec 31, 2023 Jun 30, 2024 Cash deposits 94,343 75,034 (19,309) Accounts payable 48,438 45,457 (2,980) Accounts rec
Slide 7: 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-Jun Jan-Jun Amount % Mobile Cranes 93,782 97,813 4,031 4.3% 250,000 Truck Loader Cranes 9,064 9,389 324 3.6% Aerial Work Platforms 7,272 10,133 2,86
Slide 8: 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） （Millions of yen） Net Sales by Destination 2023 2024 Change 200,000 80% Jan-Jun Jan-Jun Amount % Europe 16,686 16,176 (510) (3.1)% 175,000 70% North America 4
Slide 9: Trends in Global Demand for Mobile Cranes (Calendar-year Basis)
Trends in Global Demand for Mobile Cranes (Calendar-year Basis) Colored lines: yearly demand trends with lowest levels in each market normalized to the value of 1 (Base Years: 2010[North America, Europe], 2009[Japan]) （Units） Europe North America Japan 16,000 * Starting from 2010 the graph includes
Slide 10: Mobile Cranes (RT・AT・TC)
Mobile Cranes (RT・AT・TC) ✓ Demand increased significantly in Latin America and Middle East, and total demand increased by about 10%. ✓ Total share 15% → 12%. Demand (Units) Share 2023 2024 2023 2024 Change Jan-Jun Jan-Jun Jan-Jun Jan-Jun Europe 790 870 10.1% 9% 7% AC 7.450-1 North 2024 Jan-Jun Deman
Slide 11: Truck Loader Cranes
Truck Loader Cranes ✓ Truck registration in Japan decreased, but net sales increased. 円） 〈Sales by Destination〉 （Unit: millions of yen） 2023 2024 Change Jan-Jun Jan-Jun Amount % Japan 8,047 8,314 267 3.3% Outside Japan 1,017 1,074 57 5.6% Total 9,064 9,389 324 3.6% ZX360/300series Net Sales of Truck
Slide 12: Aerial Work Platforms
Aerial Work Platforms ✓ Demand decreased due to supply constraints of truck chassis, but net sales increased due to the acquisition of former Nagano Industry (current Tadano Utilities). 〈Sales by Destination〉 （Unit: millions of yen） 2023 2024 Change Jan-Jun Jan-Jun Amount % Japan 7,228 9,473 2,245 3
Slide 13: Other Business
Other Business ✓ Parts repairs sales increased. （Unit: millions of yen） 2023 2024 Change Jan-Jun Jan-Jun Amount % Parts Repairs 18,961 20,522 1,561 8.2% Used Cranes Other Products 4,187 3,522 (664) (15.9)% Total 23,148 24,045 896 3.9% （Millions of Yen） Net Sales of Parts and Repairs Net Sales of Use
Slide 14: FY 2024 Business Performance Forecast
FY 2024 Business Performance Forecast （Unit: millions of yen） 2024 Jan-Dec 2023 Jan-Dec Change Forecast Amount % Amount % Amount % Net sales 280,266 100% 315,000 100% 34,734 12.4% Operating income 18,349 6.5% 20,000 6.3% 1,651 9.0% Ordinary income 16,367 5.8% 17,000 5.4% 633 3.9% Net income attribut