Tadano Ltd. · TSE:6395
Tadano — FY2025 Earnings Presentation
21 slides from Tadano's earnings presentation, Feb 10, 2026
Slide 1: Consolidated Financial Results for FY 2025
Consolidated Financial Results for FY 2025 (January 1, 2025 through December 31, 2025) February 10, 2026 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: FY 2025 Financial Results
"f' TADANO FY 2025 Financial Results
Slide 4: Overview of Financial Results
FY 2025 Overview of Financial Results ▌ Net sales ¥349.4 billion： vs. Forecast ¥-5.5 billion YoY ¥+57.9 billion • Increased YoY due to acquisition of Manitex and TIS • Decreased versus forecast due to temporary shipment delays amid U.S. tariff uncertainties and production delays from production tran
Slide 5: Financial Results
FY 2025 Financial Results （Unit: millions of yen） 2024 Jan-Dec 2025 Jan-Dec Change Amount % Amount % Amount % Net sales 291,500 100% 349,477 100% 57,977 19.9% Operating profit 23,778 8.2% 18,552 5.3% (5,225) (22.0)% Ordinary profit 21,077 7.2% 15,096 4.3% (5,981) (28.4)% Profit attributable to owner
Slide 6: Overview of Mobile Cranes
FY 2025 Overview of Mobile Cranes ▌Net sales of mobile cranes: ¥207.1 billion (+¥7.8 million YoY) Net sales of mobile cranes 〈Conditions in each market（YoY）〉 FY24 vs. FY25 (billions of yen) 240 207.1 199.3 • Due to operator shortages and rising material costs, small- 200 Japan and medium-scale const
Slide 7: Overview of Truck Loader Cranes and Aerial Work Platforms
FY 2025 Overview of Truck Loader Cranes and Aerial Work Platforms ▌Net sales of truck loader cranes: ¥40.5 billion（+21.0billion YoY） Net sales of truck loader cranes • Demand declined with the shift to new chassis models, FY24 vs. FY25 Japan while our improved body installation capacity drove higher
Slide 8: Major Factors Leading to Change in Operating Profit (Year over Year)
FY 2025 Major Factors Leading to Change in Operating Profit (Year over Year) Operating profit decreased by ¥5.2 billion due to temporary factors including M&A expenses and increase in expenses. (Millions of yen) 35,000 30,000 5,000 (800) 25,000 23,778 (2,600) “Other” includes the following ・Increase
Slide 9: Net Sales by Product
FY 2025 Net Sales by Product “Static LE” was added following acquisition of TIS. Net sales of truck loader cranes and aerial work platforms increased due to acquisition of Manitex. （Millions of yen） +57,977 400,000 [+19.9%] 349,477 +10,890 [-%] 349,477 291,500 Increase +5,507 300,000 +6,912 [-%] Dec
Slide 10: Net Sales by Region
FY 2025 Net Sales by Region Net sales increased mainly in Japan, North America and Europe due to acquisition of Manitex and TIS. （Millions of yen） 400,000 349,477 +57,977 [+19.9%] Increase +15,581 291,500 300,000 [+14.2%] 349,477 +12,627 Decrease [+44.3%] +1,056 +6,403 (326) [+63.9%] [+117.1%] [(2.1
Slide 11: Balance Sheet and Free Cash Flow
FY 2025 Balance Sheet and Free Cash Flow 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. (Units：millions of yen) Balance Sheet Free Cash Flow As of As of Change 2024 Ja
Slide 12: FY 2026 Forecast
"f' TADANO FY 2026 Forecast
Slide 13: FY 2026 Forecast
FY 2026 Forecast （Unit：millions of yen) 2026 Jan-Dec 2025 Jan-Dec Change Forecast Amount % Amount % Amount % Net sales 349,477 100% 400,000 100% 50,522 14.5% Operating profit 18,552 5.3% 25,000 6.3% 6,447 34.7% Ordinary profit 15,096 4.3% 22,000 5.5% 6,904 45.7% Profit attributable to owners of pare
Slide 14: FY 2026 Forecast Major Factors Leading to Change in Operating Profit
FY 2026 Forecast Major Factors Leading to Change in Operating Profit (Year over Year) Operating profit is forecasted to increase by ¥6.4 billion due to the absence of temporary factors including M&A expenses recorded in FY 2025 and increase in sales volume and improvements in selling prices. (Millio
Slide 15: FY 2026 Forecast (Net Sales by Product)
FY 2026 Forecast (Net Sales by Product) （Unit: millions of yen） Net Sales by Product 2025 2026 Jan-Dec Change (Millions of yen) Jan-Dec Forecast Amount % 450,000 Mobile Cranes 207,133 242,000 34,866 16.8% Japan 48,004 51,000 2,995 6.2% Outside Japan 159,128 191,000 31,871 20.0% 360,000 Truck Loader
Slide 16: FY 2026 Forecast (Net Sales by Region)
FY 2026 Forecast (Net Sales by Region) （Unit: millions of yen） （Millions of yen） Net Sales by Region 450,000 2025 2026 Jan-Dec Change Jan-Dec Forecast Amount % North America 129,870 145,000 15,129 11.6% 360,000 Latin America 11,872 11,000 (872) (7.3)% Europe 41,131 61,000 19,868 48.3% Middle East 14
Slide 17: Appendix
"f' TADANO Appendix
Slide 18: Mobile LE - Mobile Cranes (RT・AT・TC)
Mobile LE - Mobile Cranes (RT・AT・TC) Demand (Units) Share 2024 2025 Change 2024 2025 2025 Jan-Dec Demand by Model Jan-Dec Jan-Dec Jan-Dec Jan-Dec RT AT TC North North 1,500 1,540 2.7% 40% 40% 880 480 180 America America Latin 1,500 1,400 (6.7)% 2% 2% Latin 210 320 870 America America 190 Europe 1,54
Slide 19: Mobile LE - Truck Loader Cranes ・ Aerial Work Platforms
Mobile LE - Truck Loader Cranes ・ Aerial Work Platforms Truck Loader Cranes Net Sales of Truck Loader Cranes (Tadano / Manitex) Demand and Share Trend in Japan （Millions of yen） Tadano Manitex （Units） Demand Share 50,000 15,000 55% 48% 48% 49% 47% 46% 40,000 50% 12,000 45% 30,000 9,000 40% 20,000 6,
Slide 20: Demand Trend for Mobile Cranes (RT・AT・TC)
Demand Trend for Mobile Cranes (RT・AT・TC) Global Demand (excluding China) (Units) Total 16,000 12,000 TC 8,000 RT 4,000 AT 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 * RT: Rough Terrain Crane, AT: All Terrain Crane, TC: Truck Crane * Figures showing d
Slide 21: Reaching new heights
"f' TADANO Reaching new,f# heights