Tadano Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Revises Earnings Guidance for the First Half of Fiscal 2019; Reaffirms Earnings Guidance for the Fiscal Year 2019
July 31, 2018 at 02:00 am EDT
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Tadano Ltd. announced consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales of JPY 34,894 million against JPY 35,231 million a year ago. Operating income was JPY 2,277 million against JPY 2,783 million a year ago. Ordinary income was JPY 2,207 million against JPY 2,737 million a year ago. Net income attributable to the company was JPY 1,799 million against JPY 1,986 million a year ago. Income before income taxes was JPY 2,208 million against JPY 2,723 million a year ago.
For the first half of fiscal 2019, the company now expects net sales of JPY 83,000 million, Operating income of JPY 5,500 million, Ordinary income of JPY 5,500 million and Net income attributable to the company of JPY 4,000 million against previously forecasted net sales of JPY 90,000 million, Operating income of JPY 7,000 million, Ordinary income of JPY 7,000 million and Net income attributable to the company of JPY 4,500 million.
For the fiscal year 2019, the company expects net sales of JPY 192,000 million, Operating income of JPY 17,000 million, Ordinary income of JPY 16,500 million and Net income attributable to the company of JPY 11,500 million.
TADANO LTD. is a Japan-based company mainly engaged in the manufacture and sale of construction machinery. The Company operates in three geological segments, including Japan segment, Europe segment and the Americas segment. The Company manufactures and sells construction cranes, which include all-terrain cranes, rough terrain cranes, truck cranes, road-rail vehicles and telescopic boom crawler cranes; vehicle-based cranes, which include cargo cranes, vehicle-hauling cranes, road-rail vehicles and others, as well as aerial vehicles, which include aerial vehicles, hole-digging construction vehicles, elevated highway and bridge checking vehicles, illuminating vehicles, road-rail vehicles and others. In addition, the Company also provides machinery parts, secondhand cars and lifters, etc.
Tadano Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Revises Earnings Guidance for the First Half of Fiscal 2019; Reaffirms Earnings Guidance for the Fiscal Year 2019