Tadano sales slow down
By Alex Dahm15 August 2016
Sales at Japanese crane maker Tadano in the first quarter of the year from the end of March to the end of June were US$ 408 million, down 7.1 % from $ 439 million in the same period of 2015. Operating income, at $56.2 million, was down 15.2 % from $66.3 million a year earlier. Net income was also down, by 15.6 %, to $38.9 million from $43.1 million.
Figures in the first quarter of 2015 compared with the same period the year before (Q1 2014) were a rise of 2.5 % in sales, 17.3 % operating income and 28.2 % in net income.
For the full year April 2016 to March 2017, Tadano forecasts sales of JPY 190,000 million ($ 1.878 billion), down 9.3 % on the year to 31 March 2016. Operating income is expected to be down 35.6 % at JPY 20,000 million ($ 197.7 million), and net income to be down 31.2 % to JPY 13,500 million ($ 133.5 million).