Sales for the first three quarters (April to December 2014) of Tadano’s 2015 financial year, were up by JPY 19.3 billion (US$ 163 million), or 15.4 % to a new record. The Japanese crane manufacturer reported net sales at JPY 145.1 billion ($ 1.23 billion), up from JPY 125.8 billion ($ 1.01 billion) in the 3Q period from April to December 2013.
Operating income was up by JPY 6.1 billion ($ 51.5 million) on the same period a year earlier. By product type the largest proportion of the income, at 67.1 % of the total, was from mobile crane sales (all terrain, truck crane and telescopic crawler crane), up from 65.3 % in the same period a year earlier. Increases were also shown in all the other products, namely truck loader cranes and aerial work platforms.
Japan accounted for almost half (46.2 %) of the sales total, closely followed by North America with 18.4 %, Europe with 11.5 %, and the Middle East with 8.5 %. Other than the Middle East region sales, all these mentioned above were up on the same period a year earlier.
For the full year, ending March 2015, Tadano forecasts total net sales of JPY 198,000 million ($ 1.672 billion), up 8.9 % on the previous year. That figure includes a 12.4 % rise for truck loader cranes and an 11.1 % increase for mobile cranes. By geography, the company expects increases as follows: more than 30 % in the Americas; more than 20 % in Europe; above 14 % in Latin America and the Caribbean; and nearly 12 % in Japan. Declines are forecast for Oceania, Middle East and Asia.
Exchange rate: JPY 118.431 = US$ 1 as at 16 February 2015.