Tadano : Policy and Related Business Impact Regarding Transactions with Russia and Other Countries
March 30, 2022 at 11:06 pm EDT
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March 30, 2022
Tadano Ltd.
TSE: 6395
Contact: Kozo Yoshida, Officer
Policy and Related Business Impact Regarding Transactions with
Russia and Other Countries
The Tadano Group is deeply concerned about the situation in Ukraine and strongly hopes that it will be resolved quickly and peacefully. We hereby inform our stakeholders of the Tadano Group's current policy regarding transactions with Russia and other countries, as well as the expected business impact.
1. Current policy:
As of March 4, 2022, the Tadano Group has suspended shipments of products and parts to Russia, Belarus, and the self-proclaimed "Donetsk People's Republic" and "Luhansk People's Republic."
2. Current expected impact on business:
Sales to the countries indicated above account for about 1% of the Tadano Group's consolidated net sales. Therefore, the impact on our consolidated business results for the fiscal year ending March 31, 2022 will be negligible.
The impact of the protracted situation in Ukraine on our manufacturing activities, particularly in regards to supply chain, remains uncertain, but should there be any impact on the Tadano Group's business performance, we will promptly disclose the relevant information.
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Tadano Ltd. published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 03:05:06 UTC.
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. 
