Q1 Financial Summary for the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

Consolidated performance for the first quarter of the fiscal year ending December 2026 reported sales of 85,845 million yen (up 6.6% YoY), operating income of 4,012 million yen (down 20.6% YoY), ordinary income of 3,205 million yen (down 16.0% YoY), and net income attributable to owners of the parent of 1,932 million yen (down 44.8% YoY). While sales increased due to higher sales of aerial work platforms and the acquisition of the transportation system business, which offset declines in construction crane and vehicle-mounted crane sales, profits decreased due to factors such as increased U.S. tariff costs.

Performance by Segment

In Japan, the sales of vehicle-mounted cranes declined but were offset by increases in construction cranes and aerial work platforms, resulting in sales of 52,431 million yen (up 121.0% YoY) and operating income of 5,796 million yen (up 99.6% YoY). In Europe, sales were 28,269 million yen (up 114.2% YoY) with an improved operating loss of 83.8 million yen (compared to an operating loss of 213.4 million yen in the same period last year). In the Americas, sales reached 36,248 million yen (up 110.8% YoY) with operating income of 1,710 million yen (up 36.5% YoY). Increased sales and profits were also achieved in Oceania and other regions.

Financial Position Overview

Total assets increased by 5,187 million yen from the previous consolidated fiscal year-end to 463,717 million yen. Liabilities increased by 6,550 million yen to 257,748 million yen, and net assets increased by 2,200 million yen to 205,968 million yen. Major changes were due to decreases in notes and accounts receivable and increases in cash and deposits.

Dividend Status

The annual dividend forecast for the fiscal year ending December 2026 is a total of 34 yen (17 yen at the interim end and 17 yen at the year-end), representing a decrease from 44 yen in the same period last year. No revisions have been made from the most recent dividend forecast.

Consolidated Earnings Forecast

For the full year ending December 2026, the company forecasts net sales of 400,000 million yen (up 14.5% YoY), operating income of 25,000 million yen (up 34.7% YoY), ordinary income of 22,000 million yen (up 45.7% YoY), and net income attributable to owners of the parent of 14,000 million yen (down 23.5% YoY). There are no revisions to the forecast, and geopolitical factors in the Middle East are not factored into the outlook.