Fiscal Year Ending December 2025 (Jan-Dec) Financial Results Briefing

Performance Overview

In fiscal 2025, the company actively promoted M&A investments, achieving a record-high net sales of JPY 349.477 billion (up 19.9% YoY). However, operating income declined to JPY 18.552 billion due to one-time factors and increased expenses. For fiscal 2026, driven by improved profitability in European operations and accelerated growth of new products through acquisitions, net sales are projected at JPY 400 billion (up 14.5% YoY), with operating income expected to reach JPY 25 billion, aiming for both increased revenue and profit. Capital expenditure is planned at JPY 10.31 billion, and M&A investment at JPY 32.017 billion, continuing to prioritize growth investments.

Business Environment and Strategy

The business environment for fiscal 2026 is expected to include delays in residential construction in Japan and steady public works, stabilization of domestic demand in China, and a delayed recovery in European demand. Currency trends offer a favorable yen depreciation and strong USD, but risks exist with a strong EUR and weak USD. In market competition, Manitex Corporation's pricing competitiveness improved, leading to a better outlook for new orders. Through acquisitions of Manitex Corporation and TIS Corporation, the company aims to strengthen its U.S. and European businesses. Additionally, progress is being made in establishing new growth drivers aligned with the shipbuilding industry revitalization roadmap.