Consolidated Financial Results(Quantitative) For First Quarter of FY 2020
(April 1, 2020 through June 30, 2020)
Notes: | |
For the purpose of timely English-language financial | |
information disclosure, Tadano Ltd. provides quantitative | |
financial results reports in concurrence with the disclosure of | |
its original Japanese-language financial results. Detailed | |
qualitative information will be disclosed at a later date in a | July 31, 2020 |
comprehensive financial results report. |
< Notes >
Forward-looking statements contained in this report are based on information available as of the date this report was prepared. A variety of factors may cause actual results to differ from projections.
1
Income Statement
(Unit: millions of yen) | |||||
FY2019 | FY2020 | Increase/ | |||
1Q | 1Q | ||||
Decrease | |||||
Amount | Percentage | Amount | Percentage | ||
Net sales | 40,376 | 100% | 43,213 | 100% | 2,836 |
Cost of sales | 30,003 | 74.3% | 33,846 | 78.3% | 3,842 |
Gross profit on installment sales | -11 | -0.0% | -15 | -0.0% | -3 |
Gross profit | 10,360 | 25.7% | 9,351 | 21.6% | -1,008 |
Selling, general, and | 8,919 | 22.1% | 9,921 | 23.0% | 1,001 |
administrative expenses | |||||
Operating income | 1,440 | 3.6% | -569 | -1.3% | -2,010 |
Non-operating income and loss | -84 | -0.2% | -227 | -0.5% | -142 |
Ordinary income | 1,356 | 3.4% | -796 | -1.8% | -2,152 |
Extraordinary income and loss | -1 | -0.0% | 101 | 0.2% | 103 |
Income before income taxes | 1,354 | 3.4% | -694 | -1.6% | -2,049 |
Corporate taxes | 723 | 1.8% | 314 | 0.7% | -408 |
Net income attributable to | -7 | -0.0% | -4 | -0.0% | 3 |
noncontrolling interests | |||||
Net income attributable to | 639 | 1.6% | -1,005 | -2.3% | -1,645 |
owners of the parent |
2
Balance Sheet
(Unit: millions of yen) | |||||||||
FY2019 | FY2020 | Increase/ | FY2019 | FY2020 | Increase/ | ||||
Year-end | 1Q | Decrease | Year-end | 1Q | Decrease | ||||
Cash deposits | 57,075 | 60,262 | 3,186 | Accounts payable | 40,745 | 37,766 | -2,978 | ||
Accounts receivable | 63,725 | 45,103 | -18,621 | Interest-bearing debt | 63,070 | 63,883 | 812 | ||
Inventories | 97,457 | 107,258 | 9,800 | Other liabilities | 48,621 | 44,206 | -4,415 | ||
11,723 | 7,310 | -4,412 | |||||||
Other current assets | Total liabilities | 152,437 | 145,855 | -6,581 | |||||
Total current assets | 229,982 | 219,935 | -10,046 | Total equity | 159,609 | 155,475 | -4,134 | ||
Tangible fixed assets | 66,417 | 65,827 | -590 | Total liabilities | 312,047 | 301,331 | -10,715 | ||
and equity | |||||||||
Intangible fixed assets | 1,705 | 1,613 | -91 | ||||||
Investment and | 13,942 | 13,955 | 12 | ||||||
other assets | FY2019 | FY2019 | FY2020 | ||||||
Total fixed assets | 82,064 | 81,396 | -668 | ||||||
1Q | 1Q | ||||||||
Total assets | 312,047 | 301,331 | -10,715 | ||||||
Receivable turnover | 93.4 days | 88.7 days | 95.0 days | ||||||
Inventory turnover | 167.8 days | 135.6 days | 225.9 days | ||||||
Equity ratio | 59.3% | 50.8% | 51.2% | ||||||
3 |
Net Sales by Product
(Unit: millions of yen)
FY2019 | FY2020 | Increase/Decrease | ||
1Q | 1Q | Amount Percentage | ||
Mobile Cranes | 23,396 | 26,567 | 3,171 | 13.6% |
Truck Loader | 5,584 | 4,273 | -1,310 | -23.5% |
Cranes | ||||
Aerial Work | 4,002 | 3,147 | -855 | -21.4% |
Platforms | ||||
Other | 7,393 | 9,224 | 1,831 | 24.8% |
Total | 40,376 | 43,213 | 2,836 | 7.0% |
Breakdown of Mobile Crane Sales Inside and Outside Japan | ||||
Japan | 7,728 | 5,913 | -1,815 | -23.5% |
Outside Japan | 15,667 | 20,653 | 4,986 | 31.8% |
Total | 23,396 | 26,567 | 3,171 | 13.6% |
Exchange Rate | * Since the fiscal year for subsidiaries outside Japan ends in December, | |||
the rates given here are January-March average. | ||||
USD | 110.20 | 108.92 | ||
EUR | 125.15 | 120.11 |
Net Sales by Product
(Millions of yen)
250,000
200,000
150,000
100,000
50,000
0
FY10 FY11 | FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 | FY19 | FY20 | ||||
1Q | 1Q | ||||||
Mobile Cranes | Truck Loader Cranes | Aerial Work Platforms | Other | ||||
4
Net Sales by Destination
(Unit: millions of yen)
FY2019 | FY2020 | Increase/Decrease | ||
1Q | 1Q | Amount | Percentage | |
Europe | 4,483 | 8,457 | 3,974 | 88.6% |
North America | 5,666 | 9,865 | 4,199 | 74.1% |
Caribbean, Central | 726 | 1,799 | 1,072 | 147.8% |
and South America | ||||
Asia | 3,635 | 2,836 | -798 | -22.0% |
Middle East | 1,539 | 1,353 | -186 | -12.1% |
Other | 3,096 | 1,829 | -1,266 | -40.9% |
Subtotal | 19,147 | 26,141 | 6,994 | 36.5% |
(total outside Japan sales) | ||||
Japan | 21,229 | 17,071 | -4,157 | -19.6% |
Total | 40,376 | 43,213 | 2,836 | 7.0% |
Outside Japan | 47.4% | 60.5% | ||
Sales Ratio | ||||
(Millions of yen) | Net Sales by Destination | |||||||||||||||
140,000 | 70% | |||||||||||||||
120,000 | 60% | |||||||||||||||
100,000 | 50% | |||||||||||||||
80,000 | 40% | |||||||||||||||
60,000 | 30% | |||||||||||||||
40,000 | 20% | |||||||||||||||
20,000 | 10% | |||||||||||||||
0 | 0% | |||||||||||||||
FY10 | FY11 | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY19 | FY20 | |||||
Europe | North America | 1Q | 1Q | |||||||||||||
Caribbean,Central and South America | Asia | |||||||||||||||
Middle East | Other | |||||||||||||||
Outside Japan Sales ratio |
The graph above excludes Japan.
"Other" is comprised of Oceania, Africa and the CIS.
5
FY 2020 First Half Business Performance Forecast
FY2020 First Half(Released on July 31,2020) | (Unit: millions of yen) | ||||||
FY2019 | FY2020 | Increase/Decrease | |||||
First Half | First Half Forecast | ||||||
Amount | Percentage | Amount | Percentage | Amount | Percentage | ||
Net sales | 100,304 | 100% | 88,000 | 100% | -12,304 | -12.3% | |
Operating income | 7,573 | 7.6% | -2,100 | -2.4% | -9,673 | - | |
Ordinary income | 7,262 | 7.2% | -2,500 | -2.8% | -9,762 | - | |
Net income attributable to | 5,064 | 5.0% | -3,100 | -3.5% | -8,164 | - | |
owners of the parent | |||||||
FY2019 | FY2020 | ||||||
Mid-year ¥14.00 | Mid-year | ¥0.00 | |||||
Dividends per share | Year-end | ¥14.00 | Year-end | Undetermined | |||
Full-year | ¥28.00 | Full-year | Undetermined |
*The consolidated business performance forecast for FY 2020 has not yet been formulated due to the difficulty in reasonably assessing the impact of the novel coronavirus disease (COVID-19).
The forecast will be disclosed after it becomes possible to assess these matters to a higher degree.
*The mid-year dividends will not be paid. The year-end dividends forecast has not yet been determined and will be disclosed when the consolidated business performance forecast for FY 2020 becomes available.
6
FY 2020 First Half Forecast (Net Sales by Product)
(Unit: millions of yen) | ||||
FY2019 | FY2020 | Increase/Decrease | ||
First Half | ||||
First Half | ||||
Forecast | Amount Percentage | |||
Mobile Cranes | 64,199 | 53,800 | -10,399 | -16.2% |
Truck Loader | 11,265 | 9,300 | -1,965 | -17.4% |
Cranes | ||||
Aerial Work | 9,507 | 8,000 | -1,507 | -15.9% |
Platforms | ||||
Other | 15,332 | 16,900 | 1,568 | 10.2% |
Total | 100,304 | 88,000 | -12,304 | -12.3% |
Breakdown of Mobile Crane Sales Inside and Outside Japan | ||||
Japan | 24,984 | 17,500 | -7,484 | -30.0% |
Outside Japan | 39,214 | 36,300 | -2,914 | -7.4% |
Total | 64,199 | 53,800 | -10,399 | -16.2% |
Exchange Rate | * Since the fiscal year for subsidiaries outside Japan ends in December, | |||
the rates given here are January-June average. | ||||
USD | 110.05 | 108.27 | ||
EUR | 124.32 | 119.30 |
(Millions of yen) | Net Sales by Product | ||||||||||||
250,000 | |||||||||||||
200,000 | |||||||||||||
150,000 | |||||||||||||
100,000 | |||||||||||||
50,000 | |||||||||||||
0 | |||||||||||||
FY10 | FY11 | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY19 | FY20 | ||
First Half | First Half | ||||||||||||
Forecast | |||||||||||||
Mobile Cranes | Truck Loader Cranes | Aerial Work Platforms | Other |
7
FY 2020 First Half Forecast (Net Sales by Destination)
(Unit: millions of yen) | ||||
FY2019 | FY2020 | Increase/Decrease | ||
First Half | ||||
First Half | Amount Percentage | |||
Forecast | ||||
Europe | 8,627 | 13,600 | 4,973 | 57.6% |
North America | 21,043 | 18,100 | -2,943 | -14.0% |
Caribbean, Central | 1,317 | 2,300 | 983 | 74.6% |
and South America | ||||
Asia | 6,729 | 5,100 | -1,629 | -24.2% |
Middle East | 3,064 | 3,500 | 436 | 14.2% |
Other | 5,377 | 3,900 | -1,477 | -27.5% |
Subtotal | 46,159 | 46,500 | 341 | 0.7% |
(total outside Japan sales) | ||||
Japan | 54,144 | 41,500 | -12,644 | -23.4% |
Total | 100,304 | 88,000 | -12,304 | -12.3% |
Outside Japan | 46.0% | 52.8% | ||
Sales ratio | ||||
(Millions of yen) | Net Sales by Destination |
140,000 | 60% |
120,000 | 50% | ||||||||||||
100,000 | |||||||||||||
40% | |||||||||||||
80,000 | |||||||||||||
30% | |||||||||||||
60,000 | |||||||||||||
20% | |||||||||||||
40,000 | |||||||||||||
20,000 | 10% | ||||||||||||
0 | 0% | ||||||||||||
FY10 | FY11 | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY19 | FY20 | ||
First Half | First Half | ||||||||||||
Forecast |
Europe | North America | |
Caribbean,Central and South America | Asia | |
Middle East | Other | |
Outside Japan Sales ratio |
The graph above excludes Japan.
"Other" is comprised of Oceania, Africa and the CIS.
8
Attachments
- Original document
- Permalink
Disclaimer
Tadano Ltd. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 06:05:29 UTC