Consolidated Financial Statement for the Third Quarter Period Ended December 31, 2012

1.Consolidated business results for the third quarter period from April 1, 2012 to December 31, 2012 (cumulative)

Unit: Millions of yen

	Sales	Operating Income	Net Income
Third quarter period ended December 31, 2012	94,119(25.5%)	7,663(128.9%)	4,984(292.9%)
Third quarter period ended December 31, 2011	74,970(25.9%)	3,347(-)	1,268(-)

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.

2.Outlook for consolidated business performance for the fiscal year from April 1, 2012 to March 31, 2013 (revised at January 31, 2013)

Unit: Millions of yen

	Sales	Operating Income	Net Income
Full year term	132,000(15.6%)	10,000(69.6%)	5,500(74.9%)

Note: Percentage figures represent comparisons to the same period of the previous fiscal year.

< Reasons for revision >
Predicting that the correction of yen's appreciation will have limited effect on our sales for the coming fourth quarter, we have forecasted our full-year net sales as it has been on October 26. As for the income, we have revised our forecast for the full-year performance, taking the actual performance for this quarter into account. * The exchange rates we have applied for the fourth quarter estimate are ¥88/USD and ¥115/EUR. (The exchange rates for the estimate on Oct 26 were ¥80/USD, ¥105/EUR.)

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.

3. Qualitative information regarding consolidated business results

During the consolidated cumulative third quarter under review, despite a clear slowdown attributable to various factors, including economic slowing overseas and the end of the economic stimulus provided by eco-car subsidies, countervailing trends, including rising stock prices and yen devaluation at the end of the year, backed by hopes for action by the new Japanese government, pointed to brighter prospects for the Japanese economy. While the European economy remains sluggish, the United States economy and China and other emerging markets appear to be experiencing gentle recovery.

In our industry, customers in Japan continued to make equipment purchases to replace deteriorating existing equipment. Demand overseas grew in the North American, Asian, and Australian markets, driven primarily by energy- and infrastructure-related markets.

Domestic sales were 45,898 million yen, up 21.4% from the same period of the previous fiscal year, driven by growth in sales of Mobile Cranes, Truck Loader Cranes, and Aerial Work Platforms. Boosted by strong demand, overseas sales grew by 29.8% from the same period of the previous fiscal year to 48,220 million yen. Total sales rose 25.5% to 94,119 million yen. The ratio of overseas sales to total sales was 51.2%.

Efforts to ensure appropriate pricing and an increase in gross profits attributable to rising sales led to operating income of 7,663 million yen, up 128.9% from the same period of the previous fiscal year. Net income for the quarter totaled 4,984 million yen, up 292.9% from the same period of the previous fiscal year.

Explanatory Materials on FY2012 Third Quarter Consolidated Financial Results(PDF:629KB)