Tadano H1 profit up, guidance unchanged

Operating profit for the half rose 82.1 % to ¥14.88 billion ($93.6 million), ordinary profit rose 135.4 % to ¥13.5 billion ($85 million) and profit attributable to owners of the parent rose 177.1 % to ¥10.7 billion ($67 million). Basic earnings per share were $0.53, against $0.19 a year earlier. Comprehensive income was ¥14.2 billion ($89 million), compared with ¥853 million ($5.4 million) in the same period last year.

Part of the profit increase came from a one-off item: extraordinary income included a ¥1.7 billion ($10.8 million) reversal of previously accrued factory restructuring expenses, which was not present in the prior-year period.

Net cash provided by operating activities swung to a positive ¥7.6 billion ($46.8 million) for the half. Total assets stood at ¥451,815 million ($2.8 billion) as of 30 June 2026, down from ¥458,599 million ($2.9 billion) at the end of December 2025, while total net assets rose to ¥217.5 billion ($1.4 billion) from ¥206,189 million ($1.3 billion), lifting the equity-to-asset ratio to 48.1 % from 44.9 %.

Tadano left its full-year 2026 forecast unchanged: net sales of ¥400 billion ($2.5 billion), up 14.5 % year-on-year, and operating profit of ¥25 billion ($157 million), up 34.1 %, and profit attributable to owners of the parent down 24.3 % year-on-year..

The company maintained its previously announced annual dividend forecast of $0.21 per share for 2026, down from $0.28 the previous year.

Tadano noted that provisional accounting for its acquisition of the transportation systems business of IHI Transport Machinery Co (now Tadano Infrastructure Solutions Ltd) was finalised in the second quarter, while accounting for the earlier Manitex International acquisition was finalised in the fiscal year ended December 2025.