Balance Sheet Tadano Ltd.

Equities

6395

JP3465000002

Heavy Machinery & Vehicles

Market Closed - Japan Exchange Other stock markets 06:30:00 06/03/2026 GMT			5-day change	1st Jan Change
1,362.00 ^JPY	+1.79%		-7.54%	+28.37%

02-10	Tadano Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026	CI
02-10	Tadano Ltd. Announces Year-End Dividend for the Year Ended December 31, 2025, Payable on March 30, 2026	CI

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Published financial data: TADANO LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	228B	186B	259B	280B	292B
Total Revenues	228B	186B	259B	280B	292B
Cost of Goods Sold, Total	171B	151B	195B	205B	207B
Gross Profit	57.12B	35.15B	64.14B	75.35B	84.52B
Selling General & Admin Expenses, Total	30.79B	28.27B	41.86B	44.71B	47.47B
Provision for Bad Debts	392M	114M	156M	183M	93M
R&D Expenses	7.82B	8.44B	9.57B	9.35B	10.16B
Depreciation & Amortization - (IS)	1.19B	1.39B	1.56B	1.73B	2.49B
Amortization of Goodwill and Intangible Assets - (IS)	358M	288M	36M	-	-
Other Operating Expenses	943M	843M	812M	1.02B	527M
Other Operating Expenses, Total	41.49B	39.35B	54B	57B	60.74B
Operating Income	15.62B	-4.2B	10.14B	18.35B	23.78B
Interest Expense, Total	-663M	-631M	-829M	-1.85B	-2.14B
Interest And Investment Income	229M	174M	450M	354M	544M
Net Interest Expenses	-434M	-457M	-379M	-1.49B	-1.6B
Currency Exchange Gains (Loss)	-351M	35M	-220M	-919M	-1.17B
Other Non Operating Income (Expenses)	624M	-67M	250M	428M	71M
EBT, Excl. Unusual Items	15.46B	-4.68B	9.79B	16.36B	21.08B
Gain (Loss) On Sale Of Investments	-1.93B	-687M	599M	57M	736M
Gain (Loss) On Sale Of Assets	-29M	48M	2.39B	28M	0
Asset Writedown	-	-	-1.28B	-	-
Other Unusual Items	-	-7.04B	-430M	1.84B	-6.07B
EBT, Incl. Unusual Items	13.5B	-12.36B	11.07B	18.29B	15.74B
Income Tax Expense	5.7B	599M	7.77B	10.17B	9.14B
Earnings From Continuing Operations	7.8B	-12.96B	3.3B	8.11B	6.61B
Net Income to Company	7.8B	-12.96B	3.3B	8.11B	6.61B
Minority Interest	77M	-29M	706M	-339M	35M
Net Income - (IS)	7.88B	-12.99B	4.01B	7.77B	6.64B
Net Income to Common Incl Extra Items	7.88B	-12.99B	4.01B	7.77B	6.64B
Net Income to Common Excl. Extra Items	7.88B	-12.99B	4.01B	7.77B	6.64B
Per Share Items
Net EPS - Basic	62.2	-102.53	31.61	61.26	52.29
Basic EPS - Continuing Operations	62.2	-102.53	31.61	61.26	52.29
Basic Weighted Average Shares Outstanding	127M	127M	127M	127M	127M
Net EPS - Diluted	62.2	-102.53	31.61	61.26	52.29
Diluted EPS - Continuing Operations	62.2	-102.53	31.61	61.26	52.29
Diluted Weighted Average Shares Outstanding	127M	127M	127M	127M	127M
Normalized Basic EPS	76.92	-23.34	53.83	77.94	103.98
Normalized Diluted EPS	76.92	-23.34	53.83	77.94	103.98
Dividend Per Share	26	3	7	19	23
Payout Ratio	43.41	-13.64	16.87	19.58	47.77
Supplemental Items
EBITDA	20.13B	1.79B	16.69B	24.36B	30.68B
EBITA	15.98B	-3.91B	10.14B	18.35B	23.94B
EBIT	15.62B	-4.2B	10.14B	18.35B	23.78B
Effective Tax Rate - (Ratio)	42.25	-4.85	70.17	55.64	58.04
Normalized Net Income	9.74B	-2.96B	6.83B	9.89B	13.21B
Non-Cash Pension Expense	278M	970M	-1.03B	842M	335M
Supplemental Operating Expense Items
Advertising Expense	1.01B	606M	1.65B	1.3B	942M
Selling and Marketing Expenses	5.87B	4.17B	8.94B	11.74B	11.38B
Research And Development Expense From Footnotes	7.82B	8.44B	9.57B	9.35B	10.16B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	57.08B	103B	98.16B	94.34B	93.12B
Total Cash And Short Term Investments	57.08B	103B	98.16B	94.34B	93.12B
Accounts Receivable, Total	63.26B	48.19B	48.18B	49.86B	50.23B
Total Receivables	63.26B	48.19B	48.18B	49.86B	50.23B
Inventory	97.46B	82.01B	109B	122B	138B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	12.2B	5.84B	14.84B	11.74B	11.02B
Total Current Assets	230B	239B	271B	278B	292B
Net Property Plant And Equipment	66.42B	68.05B	66.4B	65.95B	70.57B
Long-term Investments	7.07B	8.38B	8.78B	12.03B	28.66B
Other Intangibles, Total	1.7B	1.69B	2.54B	2.61B	5.47B
Deferred Tax Assets Long-Term	6.87B	6.65B	8.39B	6.43B	6.34B
Other Long-Term Assets, Total	1M	2M	1M	2M	-
Total Assets	312B	324B	357B	365B	403B
Liabilities
Accounts Payable, Total	40.74B	32.04B	48.89B	48.44B	41.64B
Short-term Borrowings	9.74B	31.62B	40.21B	34.6B	49.26B
Current Portion of Long-Term Debt	-	-	-	10B	10B
Current Portion of Leases	1.02B	1.01B	1.33B	1.24B	1.32B
Current Income Taxes Payable	11.44B	10.69B	10.04B	16.77B	12.48B
Unearned Revenue Current, Total	111M	55M	-	-	-
Other Current Liabilities	14.96B	19.23B	19.26B	13.95B	23.67B
Total Current Liabilities	78.01B	94.65B	120B	125B	138B
Long-Term Debt	49.85B	59.58B	53.51B	42.45B	58.95B
Long-Term Leases	2.46B	2.37B	3.29B	3.02B	2.94B
Pension & Other Post Retirement Benefits	16.72B	18.54B	8.6B	9.46B	9.75B
Deferred Tax Liability Non Current	2.2B	2.49B	2.82B	2.8B	3.27B
Other Non Current Liabilities	3.2B	886M	976M	1.16B	1.24B
Total Liabilities	152B	179B	189B	184B	215B
Common Stock, Total	13.02B	13.02B	13.02B	13.02B	13.02B
Additional Paid In Capital	16.85B	16.84B	16.84B	17.42B	17.51B
Retained Earnings	133B	117B	129B	135B	139B
Treasury Stock	-2.64B	-2.58B	-2.45B	-2.38B	-2.17B
Comprehensive Income and Other	-1.84B	-256M	10.62B	17.51B	21.51B
Total Common Equity	159B	144B	167B	181B	189B
Minority Interest	977M	1.35B	539M	329M	106M
Total Equity	160B	145B	168B	181B	189B
Total Liabilities And Equity	312B	324B	357B	365B	403B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	127M	127M	127M	127M	127M
ECS Total Common Shares Outstanding	127M	127M	127M	127M	127M
Book Value / Share	1.25K	1.14K	1.32K	1.43K	1.48K
Tangible Book Value	157B	142B	165B	178B	183B
Tangible Book Value Per Share	1.24K	1.12K	1.3K	1.41K	1.44K
Total Debt	63.07B	94.59B	98.34B	91.32B	122B
Net Debt	5.99B	-8.52B	177M	-3.03B	29.35B
Debt Equivalent of Unfunded Proj. Benefit Obligation	16.69B	18.52B	8.57B	9.42B	9.72B
Minority Interest, Total (Incl. Fin. Div)	977M	1.35B	539M	329M	106M
Inventories - Raw Materials, Total	18.28B	13.08B	25.52B	29.25B	31.96B
Inventories - Work In Process, Total	32.43B	24.09B	32.25B	34.06B	40.63B
Inventories - Finished Goods, Total	46.75B	44.84B	51.64B	58.97B	65.43B
Full Time Employees	5.08K	5.07K	4.65K	4.69K	4.92K
Accumulated Allowance for Doubtful Accounts (Supple)	470M	582M	592M	486M	432M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	13.5B	-12.36B	10.16B	18.29B	15.74B
Depreciation & Amortization - CF	4.15B	5.7B	6.55B	6.01B	6.74B
Amortization of Goodwill and Intangible Assets - (CF)	358M	288M	36M	-	161M
Depreciation & Amortization, Total	4.5B	5.98B	6.55B	6.01B	6.9B
(Gain) Loss From Sale Of Asset	28M	-47M	-2.18B	-27M	-
(Gain) Loss on Sale of Investments - (CF)	2.42B	687M	-22.67M	-	-
Other Operating Activities, Total	-6.86B	-3.05B	-9.94B	-10.27B	-11.72B
Change In Accounts Receivable	-5.46B	14.32B	3.07B	-113M	1.44B
Change In Inventories	-6.22B	15.54B	-26.85B	-4.8B	-9.1B
Change In Accounts Payable	-7.15B	-7.98B	8.28B	-1.21B	-7.55B
Change in Other Net Operating Assets	2.26B	7.36B	-16.31B	2.24B	4.32B
Cash from Operations	-2.98B	20.45B	-27.23B	10.12B	26M
Capital Expenditure	-11.91B	-3.85B	-5.05B	-3.12B	-7.72B
Sale of Property, Plant, and Equipment	145M	416M	7.65B	145M	347M
Cash Acquisitions	-14.8B	-	-29M	-	-17.59B
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-108M	-140M	4.39B	-9M	-324M
Other Investing Activities, Total	-4.87B	-154M	-965M	-1B	177M
Cash from Investing	-31.54B	-3.73B	6.02B	-3.98B	-25.11B
Short Term Debt Issued, Total	469M	21.47B	1.6B	-	9.48B
Long-Term Debt Issued, Total	31.76B	10.95B	-	-	30B
Total Debt Issued	32.23B	32.42B	1.6B	-	39.48B
Short Term Debt Repaid, Total	-	-	-3.19B	-4.35B	-
Long-Term Debt Repaid, Total	-1.76B	-950M	-183M	-5.9B	-13.17B
Total Debt Repaid	-1.76B	-950M	-4.5B	-10.25B	-13.17B
Issuance of Common Stock	-	-	-	-	215M
Repurchase of Common Stock	-	-	-1M	-	-
Common Dividends Paid	-3.42B	-1.77B	-676M	-1.52B	-3.17B
Common & Preferred Stock Dividends Paid	-3.42B	-1.77B	-676M	-1.52B	-3.17B
Other Financing Activities, Total	-1.1B	-658M	-1.55B	-1.48B	-1.73B
Cash from Financing	25.95B	29.04B	-6.73B	-13.25B	21.62B
Foreign Exchange Rate Adjustments	-185M	241M	4.99B	3.25B	1.91B
Miscellaneous Cash Flow Adjustments	1M	-	-1M	-	1M
Net Change in Cash	-8.76B	46B	-22.94B	-3.86B	-1.55B
Supplemental Items
Cash Interest Paid	494M	571M	915M	1.83B	2.14B
Cash Income Tax Paid (Refund)	6.86B	3.06B	9.79B	4.3B	11.73B
Levered Free Cash Flow	-43.95B	30.75B	14.18B	2.72B	-4.05B
Unlevered Free Cash Flow	-43.54B	31.14B	14.59B	3.88B	-2.71B
Change In Net Working Capital	45.9B	-31.63B	-8.33B	10.49B	16.75B
Net Debt Issued / Repaid	30.47B	31.47B	-4.5B	-10.25B	26.31B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.44	-0.82	0.98	3.18	3.87
Return on Total Capital	4.79	-1.13	1.32	4.26	5.09
Return On Equity %	4.96	-8.5	8.57	4.65	3.57
Return on Common Equity	5.04	-8.58	8.64	4.46	3.59
Margin Analysis
Gross Profit Margin %	25.06	18.89	24.74	26.88	28.99
SG&A Margin	13.51	15.2	16.15	15.95	16.28
EBITDA Margin %	8.83	0.96	6.44	8.69	10.52
EBITA Margin %	7.01	-2.1	3.91	6.55	8.21
EBIT Margin %	6.85	-2.25	3.91	6.55	8.16
Income From Continuing Operations Margin %	3.42	-6.97	1.27	2.89	2.27
Net Income Margin %	3.46	-6.98	1.55	2.77	2.28
Net Avail. For Common Margin %	3.46	-6.98	1.55	2.77	2.28
Normalized Net Income Margin	4.27	-1.59	2.63	3.53	4.53
Levered Free Cash Flow Margin	-19.28	16.53	6.9	0.97	-1.39
Unlevered Free Cash Flow Margin	-19.1	16.74	7.1	1.38	-0.93
Asset Turnover
Asset Turnover	0.8	0.59	0.62	0.78	0.76
Fixed Assets Turnover	3.83	2.77	3.04	4.24	4.27
Receivables Turnover (Average Receivables)	4	3.34	4.29	5.72	5.82
Inventory Turnover (Average Inventory)	2.13	1.68	1.93	1.77	1.59
Short Term Liquidity
Current Ratio	2.95	2.53	2.26	2.23	2.11
Quick Ratio	1.54	1.6	1.22	1.15	1.04
Operating Cash Flow to Current Liabilities	-0.04	0.22	-0.23	0.08	0
Days Sales Outstanding (Average Receivables)	91.48	109.33	84.98	63.84	62.83
Days Outstanding Inventory (Average Inventory)	171.62	217.06	189.51	206.34	230.14
Average Days Payable Outstanding	73.49	98.08	80.5	81.56	74.02
Cash Conversion Cycle (Average Days)	189.62	228.31	194	188.62	218.95
Long Term Solvency
Total Debt/Equity	39.51	65.05	58.61	50.35	64.84
Total Debt / Total Capital	28.32	39.41	36.95	33.49	39.33
LT Debt/Equity	32.77	42.61	33.86	25.07	32.77
Long-Term Debt / Total Capital	23.49	25.82	21.34	16.68	19.88
Total Liabilities / Total Assets	48.85	55.11	52.97	50.35	53.18
EBIT / Interest Expense	23.56	-6.65	12.23	9.93	11.09
EBITDA / Interest Expense	30.36	2.83	20.14	13.19	14.3
(EBITDA - Capex) / Interest Expense	12.4	-3.27	14.04	11.5	10.7
Total Debt / EBITDA	3.13	52.9	5.89	3.75	3.99
Net Debt / EBITDA	0.3	-4.77	0.01	-0.12	0.96
Total Debt / (EBITDA - Capex)	7.67	-45.8	8.45	4.3	5.34
Net Debt / (EBITDA - Capex)	0.73	4.13	0.02	-0.14	1.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.96	-18.39	10.55	8.1	4.01
Gross Profit, 1 Yr. Growth %	12.01	-38.45	31.78	17.48	12.17
EBITDA, 1 Yr. Growth %	5.89	-91.12	505.65	45.94	25.91
EBITA, 1 Yr. Growth %	-0.27	-124.45	-235.35	80.94	30.47
EBIT, 1 Yr. Growth %	-1.35	-126.85	-225.2	80.94	29.59
Earnings From Cont. Operations, 1 Yr. Growth %	-32.12	-266.15	-201.12	145.67	-18.55
Net Income, 1 Yr. Growth %	-31.29	-264.89	-200.84	93.94	-14.55
Normalized Net Income, 1 Yr. Growth %	0.16	-130.35	-215.06	44.87	33.56
Diluted EPS Before Extra, 1 Yr. Growth %	-31.29	-264.84	-200.78	93.81	-14.65
Accounts Receivable, 1 Yr. Growth %	24.76	-23.81	-1.28	3.49	0.74
Inventory, 1 Yr. Growth %	55.29	-15.85	1.76	11.77	12.87
Net Property, Plant and Equip., 1 Yr. Growth %	26.28	2.45	-1.01	-0.68	7
Total Assets, 1 Yr. Growth %	21.99	3.8	6.42	2.4	10.45
Tangible Book Value, 1 Yr. Growth %	3.06	-9.28	9.96	8.33	2.75
Common Equity, 1 Yr. Growth %	3.02	-9.19	10.46	8.25	4.29
Cash From Operations, 1 Yr. Growth %	-218.57	-785.71	-15.24	-137.17	-99.74
Capital Expenditures, 1 Yr. Growth %	-4.87	-67.64	-32.62	-38.32	147.83
Levered Free Cash Flow, 1 Yr. Growth %	609.17	-169.95	-53.87	-	-248.85
Unlevered Free Cash Flow, 1 Yr. Growth %	629.71	-171.53	-53.13	-	-169.95
Dividend Per Share, 1 Yr. Growth %	0	-88.46	133.33	-	21.05
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.56	-0.64	-5.01	-	6.03
Gross Profit, 2 Yr. CAGR %	9.85	-16.97	-9.94	-	14.79
EBITDA, 2 Yr. CAGR %	4.38	-69.33	-26.65	-	35.56
EBITA, 2 Yr. CAGR %	1.18	-50.62	-42.48	-	53.65
EBIT, 2 Yr. CAGR %	0.35	-48.53	-42.02	-	53.13
Earnings From Cont. Operations, 2 Yr. CAGR %	-9.07	6.2	29.62	-	41.45
Net Income, 2 Yr. CAGR %	-8.42	6.44	28.95	-	28.73
Normalized Net Income, 2 Yr. CAGR %	2.47	-44.86	-40.9	-	39.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-8.42	6.43	28.89	-	28.62
Accounts Receivable, 2 Yr. CAGR %	18.32	-2.5	-13.27	-	2.11
Inventory, 2 Yr. CAGR %	33.66	14.32	-7.46	-	12.32
Net Property, Plant and Equip., 2 Yr. CAGR %	26.13	13.74	0.71	-	3.09
Total Assets, 2 Yr. CAGR %	12.73	12.53	5.1	-	6.35
Tangible Book Value, 2 Yr. CAGR %	2.88	-3.31	-0.12	-	5.5
Common Equity, 2 Yr. CAGR %	3.02	-3.28	0.15	-	6.25
Cash From Operations, 2 Yr. CAGR %	-68.48	185.14	141.09	-	-96.91
Capital Expenditures, 2 Yr. CAGR %	112.87	-44.52	-53.31	-	23.63
Levered Free Cash Flow, 2 Yr. CAGR %	30.33	122.73	-43.2	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	29.02	128.46	-42.1	-	-
Dividend Per Share, 2 Yr. CAGR %	0	-66.03	-48.11	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.26	2.31	2.96	-	-
Gross Profit, 3 Yr. CAGR %	4.5	-9.44	-3.15	-	-
EBITDA, 3 Yr. CAGR %	-2.41	-54.09	-17.1	-	-
EBITA, 3 Yr. CAGR %	-4.83	-36.98	-30.9	-	-
EBIT, 3 Yr. CAGR %	-5.45	-35.33	-30.78	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-13.23	11.17	4.48	-	-
Net Income, 3 Yr. CAGR %	-12.81	11.41	4.54	-	-
Normalized Net Income, 3 Yr. CAGR %	-5.38	-31.69	-29.54	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.81	11.4	4.51	-	-
Accounts Receivable, 3 Yr. CAGR %	9.23	2.17	-2.1	-	-
Inventory, 3 Yr. CAGR %	21.1	14.56	9.97	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	17.27	17.69	8.6	-	-
Total Assets, 3 Yr. CAGR %	10.74	9.67	10.46	-	-
Tangible Book Value, 3 Yr. CAGR %	3.66	-1.35	0.93	-	-
Common Equity, 3 Yr. CAGR %	3.75	-1.22	1.1	-	-
Cash From Operations, 3 Yr. CAGR %	-3.33	-12.01	90.3	-	-
Capital Expenditures, 3 Yr. CAGR %	32.26	13.6	-40.81	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	190.85	5.92	31.78	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	206.38	5.99	34.74	-	-
Dividend Per Share, 3 Yr. CAGR %	0	-51.32	-35.43	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.24	-2.34	2.74	-	-
Gross Profit, 5 Yr. CAGR %	-0.93	-11.02	-1.53	-	-
EBITDA, 5 Yr. CAGR %	-8.93	-44.49	-12.94	-	-
EBITA, 5 Yr. CAGR %	-11.56	-33.97	-22.19	-	-
EBIT, 5 Yr. CAGR %	-11.92	-33	-22.25	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-16.77	-7.86	1.88	-	-
Net Income, 5 Yr. CAGR %	-16.57	-7.92	1.97	-	-
Normalized Net Income, 5 Yr. CAGR %	-12.44	-31.28	-21.62	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-16.56	-7.93	1.95	-	-
Accounts Receivable, 5 Yr. CAGR %	3.96	-1.13	-0.4	-	-
Inventory, 5 Yr. CAGR %	13.66	9.11	8.74	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	11.64	11.79	10.34	-	-
Total Assets, 5 Yr. CAGR %	6.89	6.59	8.45	-	-
Tangible Book Value, 5 Yr. CAGR %	5.49	1.37	2.13	-	-
Common Equity, 5 Yr. CAGR %	5.5	1.42	2.29	-	-
Cash From Operations, 5 Yr. CAGR %	-31.52	1.07	39.33	-	-
Capital Expenditures, 5 Yr. CAGR %	28.21	-0.53	-12.79	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	25.53	12.33	51.34	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.65	12.23	57.33	-	-
Dividend Per Share, 5 Yr. CAGR %	2.48	-35.07	-23.08	-	-