Consolidated Financial Results (Quantitative) For FY 2017

Transcription

1 Consolidated Financial Results (Quantitative) For FY 217 (April 1, 217 through March 31, 218) Notes: 1) For the purpose of timely English-language financial information disclosure, Tadano Ltd. provides quantitative financial results reports in concurrence with the disclosure of its original Japanese-language financial results. Detailed qualitative information will be disclosed at a later date in a comprehensive financial results report. 2) 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. April 27, 218 Tadano Ltd.

2 Income Statement (vs. Previous Year) FY216 Increase/ Decrease Net Sales 179,676 1.% 173,73 1.% -5,973 Cost of Sales 129, % 126, % -3,316 Gross proft on installment sales 54.% -6 -.% -61 Gross profit 5, % 47, % -2,718 Selling, general, and administrative expenses 31, % 31, % 253 Operating income 18, % 15, % -2,972 Non-operating income and loss 6.% % -61 Ordinary income 18,49 1.3% 14,97 8.6% -3,582 Extraordinary income and loss -1, % % 916 Income before income taxes 17, % 14, % -2,665 Corporate taxes 5,41 3.% 5,243 3.% -158 noncontrolling interests 58.% 41.% -17 Tadano Ltd. 11, % 9, % -2,49 1 Balance Sheet (vs. End of Previous Fiscal Year) FY216 Increase/ Decrease Cash deposit 68, % 86, % 18,18 Accounts receivable 48, % 45, % -3,216 Inventories 54, % 54, % -325 current assets 5, % 4,71 1.9% -922 Total current assets 177, % 191,69 78.% 13,644 Tangible fixed assets 41, % 41, % 563 Intangible fixed assets 1,181.5% 1,187.5% 5 Investment and other assets 9, % 11,21 4.5% 1,551 Total fixed assets 51, % 53, % 2,121 Total assets 229,799 1.% 245,565 1.% 15,765 Accounts payable 26,8 11.3% 36, % 1,646 Interest-bearing debt 37, % 33, % -3,484 liabilities 23, % 25,42 1.2% 1,18 Total liabilities 87,25 38.% 95, % 8,27 Total equity 142, % 15, % 7,494 Total liabilities and equity 229,799 1.% 245,565 1.% 15,765 2

3 Net Sales by Product 2, 179,676 Mobile Cranes Truck Loader Cranes Aerial Work Platforms 173,73 FY216 Increase / Decrease Mobile Cranes 19, % 99,22 57.% -1,65-9.7% 15, 27,213 23,22 3,324 24,678 Truck Loader Cranes 19, % 19, % 44.2% Aerial Work Platforms 23, % 24, % 1, % 1, 19,633 19,677 27, % 3, % 3, % Total 179,676 1% 173,73 1% -5, % 5, 19,627 99,22 Outside Japan sales ratio 43.1% 43.8% Breakdown of Mobile Crane sales Inside and Outside Japan Japan 45,17 38,179-6, % FY216 Outside Japan 64,69 6,843-3, % 5 3 Sales Trends by Market Outside Japan 12, Sales declined 1.6% compared to the previous fiscal year. Sales grew 15.7% in North America, but fell 18.6% in Europe, 11.7% in Asia and 6.5% in Middle East. 1, 8, 6, The GR-16XL, one of the world s largest-capacity Rough Terrain Cranes (Released in August 213) 4, 2, Europe North America FY FY 1 FY 2 FY 3 FY 4 FY 5 FY 6 FY 7 FY 8 FY 9 FY 1 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 11,435 9,754 1,893 11,978 12, 16,292 19,17 25,566 29,63 19,196 12,739 11,643 12,51 16,844 2,211 22,844 2,71 16,849 2,671 2,739 2,755 3,42 4,547 9,798 12,324 18,342 2,145 15,31 6,616 13,938 2,46 27,782 36,836 39,127 25,438 29,428 Caribbean, Central and South America Asia Middle East Total ,721 2,42 2,542 2, ,691 3,12 2,21 2,449 3, ,513 1,14 4,225 4,368 5,362 5,185 4,888 4,749 7,861 12,69 1,954 9,68 6,63 9,19 1,982 16,923 16,383 17,83 13,694 12,89 2,142 3,98 3,62 5,663 7,347 8,57 11,78 13,878 15,836 5,948 6,686 7,432 1,9 18,167 17,52 17,68 1,375 9, ,524 2,66 3,696 4,634 5,79 7,49 9,158 1,63 5,177 3,939 7,654 9,97 13,32 9,576 6,881 5,683 7,69 22,379 22,72 24,968 3,384 34,285 46,859 6,894 81,557 89,354 56,191 38,277 52,872 66,16 95,487 13,535 14,444 77,46 76,152 Outside Japan Sales Ratio 23.8% 25.% 3.1% 31.4% 33.7% 38.8% 42.1% 46.8% 54.9% 53.9% 42.6% 46.3% 49.1% 52.5% 5.7% 49.9% 43.1% 43.8% Exchange rate (USD) Exchange rate (EUR) Notes markets comprise Oceania, Africa, and the CIS. The exchange rates indicated above are average rates over each period. (Since the fiscal year of subsidiaries outside Japan ends in December, full-year rates are averages for January December.) Euro figures for FY21 and earlier have been converted from Deutsche Mark. 4

4 FY218 Business Performance Forecast [ FY218 management policies ] (i) Pursue the Tadano Group s Core Values FY218 forecast Percent (Safety, Quality, Efficiency) change (ii) Engage in second-year activities of the Mid- Term Management Plan (17-19) Net sales 173,73 1.% 192, 1.% 1.5% (iii) Focus on the Tadano Red Arrow, and engaging in Tadano Yellow Arrow activities Operating income 15, % 17, 8.9% 9.6% (iv) Prepare for and respond to Tadano Blue Ordinary income 14,97 8.6% 16,5 8.6% 1.7% Arrow changes and escalating competition Tadano Ltd. 9, % 11,5 6.% 22.4% Dividends per share Mid-year 13. Mid-year 13. Year-end 13. Year-end 13. Full-year 26. Full-year 26. Capital investment Depreciation 2,838 million 2,864 million 17,5 million 3, million Exchange rate (USD) Exchange rate (EUR) Figures for capital investment include leased assets [ Nine Strategies of the Mid-Term Management Plan (17-19) ] (i) Improve Market Position (ii) Enhance Product Competitiveness (iii) Pursue Global & Flexible MONOZUKURI (iv) Provide Outstanding Quality & Service (v) Improve Product Life-Cycle Value (vi) Develop Solution Business (vii) Raise Level of Profitability and Asset Efficiency (viii)establish Growth Structure (ix) Strengthen the Tadano Group & Global Management Structure FY218 proportion of sales outside Japan: 52.7% 5 FY218 Forecast (Net Sales by Product) 2, Mobile Cranes Truck Loader Cranes Aerial Work Platforms 192, FY218 Forecast Increase / Decrease 15, 1, 173,73 3,324 24,678 19,677 31,3 16,3 19,9 Mobile Cranes 99,22 57.% 124,5 64.8% 25, % Truck Loader Cranes Aerial Work Platforms 19, % 19,9 1.4% % 24, % 16,3 8.5% -8, % 3, % 31,3 16.3% % Total 173,73 1% 192, 1% 18, % 5, 99,22 124,5 Outside Japan sales ratio : 43.8% 52.7% Breakdown of Mobile Crane Sales Inside and Outside Japan Japan 38,179 39,7 1,521 4.% FY218 Forecast Outside Japan 6,843 84,8 23, % 6

5 FY218 Forecast (Net Sales by Destination) 12, Europe North America Caribbean, Central and South America Asia Middle East 11,2 FY218 Forecast Increase / Decrease Europe 16, % 25,1 13.1% 8, % 8, 76,152 16,849 25,1 35,6 North America 29, % 35,6 18.5% 6, % Caribbean,Central and South America 1,14.6% 1,8.9% % Asia 12,89 7.% 13,4 7.% 1, % Middle East 9, % 14,8 7.7% 5, % 4, 29,428 1,8 7,69 4.1% 1,5 5.5% 3, % 1,14 12,89 9,699 7,69 13,4 14,8 1,5 FY218 Forecast Subtotal (total outside Japan sales) 76, % 11,2 52.7% 25, % Japan 97, % 9,8 47.3% -6, % Total 173,73 1% 192, 1% 18, % The graph on the left excludes Japan. "" is comprised of Oceania, Africa and the CIS. 7 1