Tadano Ltd. · TSE:6395
Tadano — FY2023 Earnings Presentation
17 slides from Tadano's earnings presentation, Feb 14, 2024
Slide 1: Consolidated Financial Results for FY 2023
Consolidated Financial Results for FY 2023 (January 1, 2023 through December 31, 2023) February 14, 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 FY 2023 Financial Results
Key Points of FY 2023 Financial Results ✓ Net sales and income increased due to increase in sales volume and foreign exchange effects. ✓ Net sales reached record high. (Unit: millions of yen) Jan.-Dec., 2022 Jan.-Dec., 2023 Percent Change Amount Percentage Amount Percentage Net sales 226,761 100% 28
Slide 4: Income Statement
Income Statement (Unit: millions of yen) Jan.-Dec., 2022 Jan.-Dec., 2023 Increase/ Decrease Amount Percentage Amount Percentage Net sales 226,761 100% 280,266 100% 53,505 Cost of sales 168,071 74.1% 204,920 73.1% 36,848 Gross profit 58,689 25.9% 75,346 26.9% 16,656 Selling, general, and administrati
Slide 5: Major Factors Leading to Change in Operating Income
Major Factors Leading to Change in Operating Income ✓ Despite increases in raw material prices and others, operating income increased by ¥9.3 billion due to increases in sales volume and improvements in selling prices. “Other” includes the following （Millions of yen） ・Increases in raw material price
Slide 6: Balance Sheet
Balance Sheet ✓ Inventories increased due to foreign exchange effects and production constraints, among other factors. (Unit: millions of yen) As of As of Increase/ As of As of Increase/ Dec. 31, 2022 Dec. 31, 2023 Decrease Dec. 31, 2022 Dec. 31, 2023 Decrease Cash deposits 98,158 94,343 -3,814 Acco
Slide 7: Net Sales by Product
Net Sales by Product ✓ Net sales increased in all segments except aerial work platforms. Net Sales by Product (Unit: millions of yen) （Millions of Yen） Jan.-Dec., Jan.-Dec., Increase/Decrease 300,000 2022 2023 Amount Percentage Mobile Cranes 148,431 199,232 50,801 34.2% 250,000 Truck Loader Cranes 1
Slide 8: Net Sales by Destination
Net Sales by Destination ✓ Net sales increased significantly in North America and Middle East. (Unit: millions of yen) （Millions of yen） Net Sales by Destination Jan.-Dec., Jan.-Dec., Increase/Decrease 200,000 80% 2022 2023 Amount Percentage Europe 31,574 31,520 -54 -0.2% 175,000 70% North America 5
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
Mobile Cranes ✓ Demand increased in all regions except Europe, and total demand increased by about 29%. ✓ Total share 16% → 15%. Demand (Units) Share Jan.-Dec., Jan.-Dec., Percent Jan.-Dec., Jan.-Dec., 2022 2023 change 2022 2023 Europe 1,470 1,470 0.0% 10% 9% AC 7.450-1 North Jan.- Dec., 2023 Demand
Slide 11: Truck Loader Cranes
Truck Loader Cranes ✓ Market share in Japan 46% → 48%. （Unit: millions of yen） Increase / Decrease Jan.-Dec., Jan.-Dec., 2022 2023 Percent Amount change Japan 13,949 15,583 1,634 11.7% Outside Japan 2,081 2,412 331 15.9% Total 16,030 17,996 1,965 12.3% ZX360/300series （Millions of Yen） Net Sales of
Slide 12: Aerial Work Platforms
Aerial Work Platforms ✓ Both demand and net sales decreased due to supply constraints of truck chassis. ✓ Market share in Japan 33% → 33%. （Unit: millions of yen） Increase / Decrease Jan.-Dec., Jan.-Dec., 2022 2023 Percent Amount change Japan 16,617 16,086 -531 -3.2% Outside Japan 356 143 -212 -59.7
Slide 13: Other Business
Other Business ✓ Parts repairs sales reached record high. （Unit: millions of yen） Increase / Decrease Jan.-Dec., Jan.-Dec., Percent 2022 2023 Amount change Used Cranes 9,846 7,723 -2,123 -21.6% Other Products Parts 35,480 39,083 3,602 10.2% Repairs Total 45,327 46,806 1,479 3.3% Net Sales of Used Cr
Slide 14: FY 2024 Business Performance Forecast
FY 2024 Business Performance Forecast (Unit: millions of yen) Jan.-Dec., 2024 Jan.-Dec., 2023 Percent Forecast Change Amount Percentage Amount Percentage Net Sales 280,266 100% 315,000 100% 12.4% Operating income 18,349 6.5% 20,000 6.3% 9.0% Ordinary income 16,367 5.8% 17,000 5.4% 3.9% Net income at
Slide 15: FY 2024 Forecast (Major Factors Leading to Change in Operating Income)
FY 2024 Forecast (Major Factors Leading to Change in Operating Income) ✓ Operating income is forecasted to increase by ¥1.6 billion due to offsetting increases in raw material prices and others with improvements in selling prices. （Millions of yen） “Other” includes the following 35,000 ・Increases in
Slide 16: FY 2024 Forecast (Net Sales by Product)
FY 2024 Forecast (Net Sales by Product) (Unit: millions of yen) Net Sales by Product Jan.-Dec., Increase/Decrease （Millions of Yen） Jan.-Dec., 2024 350,000 2023 Forecast Amount Percentage 300,000 Mobile Cranes 199,232 223,000 23,767 11.9% Truck Loader 17,996 20,000 2,003 11.1% 250,000 Cranes Aerial
Slide 17: FY 2024 Forecast (Net Sales by Destination)
FY 2024 Forecast (Net Sales by Destination) (Unit: millions of yen) Net Sales by Destination （Millions of yen） Jan.-Dec., Increase/Decrease Jan.-Dec., 225,000 90% 2024 2023 Forecast Amount Percentage 200,000 80% Europe 31,520 44,800 13,279 42.1% 175,000 70% North America 89,535 106,800 17,264 19.3%