Fiscal 2026 Q3 (Jan–Sep) Earnings Presentation

Summary of Results

For Jan–Sep 2026 on a consolidated basis, revenue reached 277,780 million yen (YoY +15.5%), driven by overseas expansion and acquisitions (consolidation of Manitex and TIS), and foreign exchange effects, resulting in substantial year-on-year revenue growth. Operating income surged to 27,742 million yen (+151.0%), mainly due to the elimination of temporary expenses, higher revenue, and the effect of US duty refunds. Net income attributable to owners of parent was 18,985 million yen (+44.0%), with special gains in Europe also contributing. The full-year outlook has been revised from the initial forecast. The year-end dividend policy remains undecided.

Outlook and Key Points

Demand for the core construction crane business is expected to continue, and the positive effects of TIS group integration are expected to persist. With the resolution of acquisition-related one-off costs and continued US duty refund effects, further improvement in operating income is anticipated. However, attention is required regarding exchange rate fluctuations, raw material cost trends, and regional developments in Malaysia and Europe. The full-year forecast for fiscal 2026 assumes overall profit improvement with no material upward or downward revision to revenue in this update.