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(August 4, 2011)
| Sales | Operating income (Loss) | Net Income (Loss) | |
|---|---|---|---|
| Fiscal year ended June 30, 2011 | 19,594(18.6%) | (117)(-) | (124)(-) |
| Fiscal year ended June 30, 2010 | 16,521(-29.7%) | (1,351)(-) | (995)(-) |
Notes: Listed values less than one million yen are rounded off.
Percentage figures represent comparisons to the third quarter period of the previous fiscal year.
| Sales | Operating Income | Net Income | |
|---|---|---|---|
| Full year term | 110,000(22.5%) | 2,800(-) | 1,500(-) |
Note: Percentage figures represent comparisons to the same period of the previous fiscal year.
Explanation concerning appropriate use of result forecasts and other matters of note:
The projections above are based on certain premises derived from information that has been available as of the day this material was released. The actual results may materially differ from the forecasts as a result of various unforeseen factors that may arise.
Despite continuing harsh conditions in the wake of the Great Tohoku Earthquake, Japan's economy during the first quarter moved toward recovery in production and exports as various efforts restored supply chains. The slide in capital investment also appeared to slow.
In Japan, our industry was unable to satisfy demand to replace older mobile cranes, as difficulties with parts procurement affected production of mobile cranes industrywide. Overseas, while demand in Europe remained low, demand increased in North America, Central and South America, and the Middle East, chiefly in connection with increasing energy and resource development efforts.
The effects of the Great Tohoku Earthquake on the Tadano Group included the temporary shuttering of production lines at the Shido Plant, due to difficulties with parts procurement, affecting sales of mobile cranes. Delayed delivery of trucks due to drops in production at truck makers in Japan also slowed sales of truck loader cranes and affected the production of aerial work platforms.
These parts procurement difficulties had largely been resolved by the end of June, and delays in the delivery of trucks were also in the process of resolution. In the second and subsequent quarters, the Group plans to devote its combined strengths to offset first quarter delays in production and sales.
Although sales of mobile cranes declined, overall domestic sales rose 2.0% from the same period of the previous fiscal year to 9,024 million yen, due to increased sales of aerial work platforms. Despite intensifying competition and a rising yen, recovering demand expanded overseas sales by 37.8% from the same period of the previous fiscal year to 10,569 million yen. Total sales were 19,594 million yen, up 18.6% from the same period of the previous fiscal year. The ratio of overseas sales to total sales was 53.9%.
Despite continued efforts for reducing total labor costs and various other expenses along with higher gross profits due to increased sales and cost-cutting, the operating profit or loss showed a loss of 117 million yen (vs. a loss of 1,351 million yen during the same period of the previous fiscal year). Net income for the quarter showed a loss of 124 million yen (vs. a loss of 995 million yen in the same period of the previous fiscal year).