Tadano revises FY2025 forecast, projects higher sales but lower profit

Tadano Ltd. has updated its fiscal year 2025 full-year forecast, projecting increased sales driven by the acquisition of Tadano Infrastructure Solutions (TIS) but a decrease in operating profit. First-half net sales reached a record high, while operating profit declined by JPY3.4 bn due to temporary factors including M&A expenses. The Manitex acquisition contributed JPY16.5 bn in sales to the first half.

The revised full-year forecast includes a JPY15.0 bn sales increase from the TIS acquisition, pushing total sales to a new record. However, operating profit is expected to decrease by JPY6.0 bn compared to the initial forecast, primarily due to the impact of U.S. tariffs, foreign exchange effects, and a decline in Manitex's performance. The company estimates a JPY2.5 bn negative impact on operating profit for FY2025 from U.S. tariffs, assuming tariff rates of 10% (April-July) and 15% (August-December) on products from Japan and Germany.

Tadano is actively progressing its Mid-Term Management Plan (24-26), integrating Manitex International and Tadano Infrastructure Solutions to expand its product lineup and global reach, particularly in aerial work platforms and truck loader cranes. The acquisition of IHI Transport Machinery's transportation system business, now Tadano Infrastructure Solutions, is expected to enhance stable maintenance revenue. The company is also advancing decarbonization efforts, expanding its battery-powered e-Pack for Rough Terrain Cranes, and developing new technologies.