Tadano sales slow down

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).