Tadano Ltd. · TSE:6395
Tadano — FY2024 Earnings Presentation
17 slides from Tadano's earnings presentation, Feb 14, 2025
Slide 1: Consolidated Financial Results for FY 2024
Consolidated Financial Results for FY 2024 (January 1, 2024 through December 31, 2024) February 14, 2025 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 FY 2024 Financial Results
Key Points of FY 2024 Financial Results ✓ Net sales reached record high. ✓ Factory restructuring expenses for reorganization of European Operations were recorded as extraordinary loss. （Unit: millions of yen） 2023 Jan-Dec 2024 Jan-Dec Change Amount % Amount % Amount % Net sales 280,266 100% 291,500
Slide 4: Income Statement
Income Statement （Unit: millions of yen） 2023 Jan-Dec 2024 Jan-Dec Change Amount % Amount % Net sales 280,266 100.0% 291,500 100.0% 11,233 Cost of sales 204,920 73.1% 206,983 71.0% 2,063 Gross profit 75,346 26.9% 84,517 29.0% 9,170 Selling, general, and administrative expenses 56,997 20.3% 60,738 20
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 ¥5.4 billion due to improvements in selling prices and foreign exchange effects. “Other” includes the following (Millions of yen) ・Increases in raw material prices : (6,100)
Slide 6: Balance Sheet
Balance Sheet ✓ Interest-bearing debt increased due to financing for acquisition. ✓ Inventories increased due to plant reorganization in Europe and foreign exchange effects. （Unit: millions of yen） As of As of As of As of Change Change Dec 31, 2023 Dec 31, 2024 Dec 31, 2023 Dec 31, 2024 Cash deposit
Slide 7: Net Sales by Product
Net Sales by Product ✓ Net sales of mobile cranes remained flat, while all other product segments increased. Net Sales by Product （Unit: millions of yen） （Millions of yen） 2023 2024 Change 300,000 Jan-Dec Jan-Dec Amount % Mobile Cranes 199,232 199,308 76 0.0% 250,000 Truck Loader Cranes 17,996 19,43
Slide 8: Net Sales by Destination
Net Sales by Destination ✓ Net sales increased mainly in North America, but decreased in Europe and Middle East. （Millions of yen） Outside Japan Net Sales by Destination （Unit: millions of yen） 200,000 80% 2023 2024 Change Jan-Dec Jan-Dec Amount % 175,000 70% Europe 31,520 28,503 (3,016) (9.6)% 150,
Slide 9: Trends in Global Demand for Mobile Cranes (excluding Chinese market)
Trends in Global Demand for Mobile Cranes (excluding Chinese market) 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 14,000 * Starting from 2010, the gr
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 9%. ✓ Total share 15% → 13%. Demand (Units) Share 2023 2024 2023 2024 Change Jan-Dec Jan-Dec Jan-Dec Jan-Dec Europe 1,470 1,540 4.8% 9% 6% GT-1200XL North 1,480 1,500 1.4%
Slide 11: Truck Loader Cranes
Truck Loader Cranes ✓ Demand and sales in Japan increased due to improvement in truck chassis supply. 〈Sales by Destination〉 （Unit: millions of yen） 2023 2024 Change Jan-Dec Jan-Dec Amount % Japan 15,583 17,476 1,892 12.1% Outside Japan 2,412 1,956 (455) (18.9)% Total 17,996 19,433 1,437 8.0% ZX360/
Slide 12: Aerial Work Platforms
Aerial Work Platforms ✓ Demand decreased, but net sales increased due to expansion of truck- mounted aerial work platforms in addition to the acquisition of former Nagano Industry (current Tadano Utilities). 〈Sales by Destination〉 （Unit: millions of yen） 2023 2024 Change Jan-Dec Jan-Dec Amount % Jap
Slide 13: Other Business
Other Business ✓ Parts repairs sales reached record high. （Unit: millions of yen） 2023 2024 Change Jan-Dec Jan-Dec Amount % Parts Repairs 39,083 41,275 2,192 5.6% Used Cranes Other Products 7,723 7,199 (524) (6.8)% Total 46,806 48,474 1,667 3.6% （Millions of Yen） Net Sales of Parts and Repairs Net S
Slide 14: FY 2025 Business Performance Forecast
FY 2025 Business Performance Forecast （Unit: millions of yen） 2025 Jan-Dec 2024 Jan-Dec Change Forecast Amount % Amount % Amount % Net sales 291,500 100% 340,000 100% 48,499 16.6% Operating income 23,778 8.2% 24,000 7.1% 221 0.9% Ordinary income 21,077 7.2% 20,000 5.9% (1,077) (5.1)% Net income attr
Slide 15: FY 2025 Forecast (Major Factors Leading to Change in Operating Income)
FY 2025 Forecast (Major Factors Leading to Change in Operating Income) ✓ Despite increases in expenses, operating income is forecasted to increase by ¥2 billion due to improvements in selling prices and acquisition of Manitex International. (Millions of yen) 30,000 “Other” includes the following 3,8
Slide 16: FY 2025 Forecast (Net Sales by Product)
FY 2025 Forecast (Net Sales by Product) Net Sales by Product （Unit: millions of yen） （Millions of yen） 350,000 2024 2025 Jan-Dec Change Jan-Dec Forecast Amount % 300,000 Mobile Cranes 199,308 204,000 4,691 2.4% Japan 50,048 43,500 (6,548) (13.1)% 250,000 Outside Japan 149,260 160,500 11,239 7.5% Tru
Slide 17: FY 2025 Forecast (Net Sales by Destination)
FY 2025 Forecast (Net Sales by Destination) Outside Japan Net Sales by Destination （Millions of yen） （Unit: millions of yen） 250,000 75% 2024 2025 Jan-Dec Change Jan-Dec Forecast Amount % Europe 28,503 50,500 21,996 77.2% 200,000 60% North America 99,007 128,500 29,492 29.8% Latin America 5,468 9,50