Cash flow Tadano Ltd.

Equities

6395

JP3465000002

Heavy Machinery & Vehicles

Market Closed - Japan Exchange Other stock markets 07:30:00 11/05/2026 BST			5-day change	1st Jan Change
1,391.00 ^JPY	+2.43%		+0.22%	+31.10%

05-07	Tadano's Profit Fall 45% in Q1; Net Sales Up	MT
04-09	Silchester cuts stake in Tadano to 6.82% from 7.90%, filing shows	RE

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Published financial data: TADANO LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	186B	259B	280B	292B	349B
Total Revenues	186B	259B	280B	292B	349B
Cost of Goods Sold, Total	151B	195B	205B	207B	256B
Gross Profit	35.15B	64.14B	75.35B	84.52B	93.2B
Selling General & Admin Expenses, Total	28.27B	41.86B	44.71B	47.47B	58.45B
Provision for Bad Debts	114M	156M	183M	93M	-11M
R&D Expenses	8.44B	9.57B	9.35B	10.16B	10.81B
Depreciation & Amortization - (IS)	1.39B	1.56B	1.73B	2.49B	3B
Amortization of Goodwill and Intangible Assets - (IS)	288M	36M	-	-	1.42B
Other Operating Expenses	843M	812M	1.02B	527M	973M
Other Operating Expenses, Total	39.35B	54B	57B	60.74B	74.64B
Operating Income	-4.2B	10.14B	18.35B	23.78B	18.55B
Interest Expense, Total	-631M	-829M	-1.85B	-2.14B	-2.89B
Interest And Investment Income	174M	450M	354M	544M	661M
Net Interest Expenses	-457M	-379M	-1.49B	-1.6B	-2.23B
Currency Exchange Gains (Loss)	35M	-220M	-919M	-1.17B	-1.7B
Other Non Operating Income (Expenses)	-67M	250M	428M	71M	477M
EBT, Excl. Unusual Items	-4.68B	9.79B	16.36B	21.08B	15.1B
Gain (Loss) On Sale Of Investments	-687M	599M	57M	736M	3.04B
Gain (Loss) On Sale Of Assets	48M	2.39B	28M	0	7.7B
Asset Writedown	-	-1.28B	-	-	-1.32B
Other Unusual Items	-7.04B	-430M	1.84B	-6.07B	-1.6B
EBT, Incl. Unusual Items	-12.36B	11.07B	18.29B	15.74B	22.92B
Income Tax Expense	599M	7.77B	10.17B	9.14B	4.58B
Earnings From Continuing Operations	-12.96B	3.3B	8.11B	6.61B	18.34B
Net Income to Company	-12.96B	3.3B	8.11B	6.61B	18.34B
Minority Interest	-29M	706M	-339M	35M	-46M
Net Income - (IS)	-12.99B	4.01B	7.77B	6.64B	18.3B
Net Income to Common Incl Extra Items	-12.99B	4.01B	7.77B	6.64B	18.3B
Net Income to Common Excl. Extra Items	-12.99B	4.01B	7.77B	6.64B	18.3B
Per Share Items
Net EPS - Basic	-102.53	31.61	61.26	52.29	144.78
Basic EPS - Continuing Operations	-102.53	31.61	61.26	52.29	144.78
Basic Weighted Average Shares Outstanding	127M	127M	127M	127M	126M
Net EPS - Diluted	-102.53	31.61	61.26	52.29	144.78
Diluted EPS - Continuing Operations	-102.53	31.61	61.26	52.29	144.78
Diluted Weighted Average Shares Outstanding	127M	127M	127M	127M	126M
Normalized Basic EPS	-23.34	53.83	77.94	103.98	74.28
Normalized Diluted EPS	-23.34	53.83	77.94	103.98	74.28
Dividend Per Share	3	7	19	23	44
Payout Ratio	-13.64	16.87	19.58	47.77	21.56
Supplemental Items
EBITDA	1.79B	16.69B	24.36B	30.68B	28.51B
EBITA	-3.91B	10.14B	18.35B	23.94B	19.98B
EBIT	-4.2B	10.14B	18.35B	23.78B	18.55B
Effective Tax Rate - (Ratio)	-4.85	70.17	55.64	58.04	19.96
Normalized Net Income	-2.96B	6.83B	9.89B	13.21B	9.39B
Non-Cash Pension Expense	970M	-1.03B	842M	335M	65M
Supplemental Operating Expense Items
Advertising Expense	606M	1.65B	1.3B	942M	1.83B
Selling and Marketing Expenses	4.17B	8.94B	11.74B	11.38B	11.73B
Research And Development Expense From Footnotes	8.44B	9.57B	9.35B	10.16B	10.81B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	103B	98.16B	94.34B	93.12B	81.84B
Total Cash And Short Term Investments	103B	98.16B	94.34B	93.12B	81.84B
Accounts Receivable, Total	48.19B	48.18B	49.86B	50.23B	68.65B
Total Receivables	48.19B	48.18B	49.86B	50.23B	68.65B
Inventory	82.01B	109B	122B	138B	157B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	5.84B	14.84B	11.74B	11.02B	18.11B
Total Current Assets	239B	271B	278B	292B	325B
Net Property Plant And Equipment	68.05B	66.4B	65.95B	70.57B	82.03B
Long-term Investments	8.38B	8.78B	12.03B	28.66B	15B
Goodwill	-	-	-	-	17.89B
Other Intangibles, Total	1.69B	2.54B	2.61B	5.47B	9.34B
Deferred Tax Assets Long-Term	6.65B	8.39B	6.43B	6.34B	8.95B
Other Long-Term Assets, Total	2M	1M	2M	-	1M
Total Assets	324B	357B	365B	403B	459B
Liabilities
Accounts Payable, Total	32.04B	48.89B	48.44B	41.64B	44.7B
Short-term Borrowings	31.62B	40.21B	34.6B	49.26B	53.22B
Current Portion of Long-Term Debt	-	-	10B	10B	15B
Current Portion of Leases	1.01B	1.33B	1.24B	1.32B	1.96B
Current Income Taxes Payable	10.69B	10.04B	16.77B	12.48B	11.44B
Unearned Revenue Current, Total	55M	-	-	-	-
Other Current Liabilities	19.23B	19.26B	13.95B	23.67B	31.73B
Total Current Liabilities	94.65B	120B	125B	138B	158B
Long-Term Debt	59.58B	53.51B	42.45B	58.95B	72.2B
Long-Term Leases	2.37B	3.29B	3.02B	2.94B	3.64B
Pension & Other Post Retirement Benefits	18.54B	8.6B	9.46B	9.75B	11.87B
Deferred Tax Liability Non Current	2.49B	2.82B	2.8B	3.27B	5B
Other Non Current Liabilities	886M	976M	1.16B	1.24B	1.84B
Total Liabilities	179B	189B	184B	215B	253B
Common Stock, Total	13.02B	13.02B	13.02B	13.02B	13.02B
Additional Paid In Capital	16.84B	16.84B	17.42B	17.51B	17.51B
Retained Earnings	117B	129B	135B	139B	153B
Treasury Stock	-2.58B	-2.45B	-2.38B	-2.17B	-3.15B
Comprehensive Income and Other	-256M	10.62B	17.51B	21.51B	25.2B
Total Common Equity	144B	167B	181B	189B	206B
Minority Interest	1.35B	539M	329M	106M	85M
Total Equity	145B	168B	181B	189B	206B
Total Liabilities And Equity	324B	357B	365B	403B	459B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	127M	127M	127M	126M	126M
ECS Total Common Shares Outstanding	127M	127M	127M	127M	126M
Book Value / Share	1.14K	1.32K	1.43K	1.48K	1.63K
Tangible Book Value	142B	165B	178B	183B	179B
Tangible Book Value Per Share	1.12K	1.3K	1.41K	1.44K	1.41K
Total Debt	94.59B	98.34B	91.32B	122B	146B
Net Debt	-8.52B	177M	-3.03B	29.35B	64.17B
Debt Equivalent of Unfunded Proj. Benefit Obligation	18.52B	8.57B	9.42B	9.72B	11.83B
Minority Interest, Total (Incl. Fin. Div)	1.35B	539M	329M	106M	85M
Inventories - Raw Materials, Total	13.08B	25.52B	29.25B	31.96B	36.96B
Inventories - Work In Process, Total	24.09B	32.25B	34.06B	40.63B	50.89B
Inventories - Finished Goods, Total	44.84B	51.64B	58.97B	65.43B	68.87B
Full Time Employees	5.07K	4.65K	4.69K	4.92K	6K
Accumulated Allowance for Doubtful Accounts (Supple)	582M	592M	486M	432M	767M
Order Backlog	-	-	-	-	45.38B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-12.36B	10.16B	18.29B	15.74B	22.92B
Depreciation & Amortization - CF	5.7B	6.55B	6.01B	6.74B	8.54B
Amortization of Goodwill and Intangible Assets - (CF)	288M	36M	-	161M	1.42B
Depreciation & Amortization, Total	5.98B	6.55B	6.01B	6.9B	9.96B
(Gain) Loss From Sale Of Asset	-47M	-2.18B	-27M	-	-6.38B
(Gain) Loss on Sale of Investments - (CF)	687M	-22.67M	-	-	-1.67B
Other Operating Activities, Total	-3.05B	-9.94B	-10.27B	-11.72B	-8.58B
Change In Accounts Receivable	14.32B	3.07B	-113M	1.44B	-8.87B
Change In Inventories	15.54B	-26.85B	-4.8B	-9.1B	2.08B
Change In Accounts Payable	-7.98B	8.28B	-1.21B	-7.55B	-6.9B
Change in Other Net Operating Assets	7.36B	-16.31B	2.24B	4.32B	-4.98B
Cash from Operations	20.45B	-27.23B	10.12B	26M	-2.41B
Capital Expenditure	-3.85B	-5.05B	-3.12B	-7.72B	-10.31B
Sale of Property, Plant, and Equipment	416M	7.65B	145M	347M	10.18B
Cash Acquisitions	-	-29M	-	-17.59B	-7.41B
Divestitures	-	-	-	-	6.94B
Investment in Marketable and Equity Securities, Total	-140M	4.39B	-9M	-324M	495M
Other Investing Activities, Total	-154M	-965M	-1B	177M	-552M
Cash from Investing	-3.73B	6.02B	-3.98B	-25.11B	-649M
Short Term Debt Issued, Total	21.47B	1.6B	-	9.48B	-
Long-Term Debt Issued, Total	10.95B	-	-	30B	31.59B
Total Debt Issued	32.42B	1.6B	-	39.48B	31.59B
Short Term Debt Repaid, Total	-	-3.19B	-4.35B	-	-2.35B
Long-Term Debt Repaid, Total	-950M	-183M	-5.9B	-13.17B	-24.02B
Total Debt Repaid	-950M	-4.5B	-10.25B	-13.17B	-26.38B
Issuance of Common Stock	-	-	-	215M	332M
Repurchase of Common Stock	-	-1M	-	-	-1.58B
Common Dividends Paid	-1.77B	-676M	-1.52B	-3.17B	-3.94B
Common & Preferred Stock Dividends Paid	-1.77B	-676M	-1.52B	-3.17B	-3.94B
Other Financing Activities, Total	-658M	-1.55B	-1.48B	-1.73B	-2.12B
Cash from Financing	29.04B	-6.73B	-13.25B	21.62B	-2.11B
Foreign Exchange Rate Adjustments	241M	4.99B	3.25B	1.91B	-6.37B
Miscellaneous Cash Flow Adjustments	-	-1M	-	1M	-2M
Net Change in Cash	46B	-22.94B	-3.86B	-1.55B	-11.54B
Supplemental Items
Cash Interest Paid	571M	915M	1.83B	2.14B	2.87B
Cash Income Tax Paid (Refund)	3.06B	9.79B	4.3B	11.73B	8.6B
Levered Free Cash Flow	30.75B	14.18B	2.72B	-4.05B	-24.71B
Unlevered Free Cash Flow	31.14B	14.59B	3.88B	-2.71B	-22.9B
Change In Net Working Capital	-31.63B	-8.33B	10.49B	16.75B	34.15B
Net Debt Issued / Repaid	31.47B	-4.5B	-10.25B	26.31B	5.21B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.82	0.98	3.18	3.87	2.69
Return on Total Capital	-1.13	1.32	4.26	5.09	3.5
Return On Equity %	-8.5	8.57	4.65	3.57	9.29
Return on Common Equity	-8.58	8.64	4.46	3.59	9.27
Margin Analysis
Gross Profit Margin %	18.89	24.74	26.88	28.99	26.67
SG&A Margin	15.2	16.15	15.95	16.28	16.73
EBITDA Margin %	0.96	6.44	8.69	10.52	8.16
EBITA Margin %	-2.1	3.91	6.55	8.21	5.72
EBIT Margin %	-2.25	3.91	6.55	8.16	5.31
Income From Continuing Operations Margin %	-6.97	1.27	2.89	2.27	5.25
Net Income Margin %	-6.98	1.55	2.77	2.28	5.24
Net Avail. For Common Margin %	-6.98	1.55	2.77	2.28	5.24
Normalized Net Income Margin	-1.59	2.63	3.53	4.53	2.69
Levered Free Cash Flow Margin	16.53	6.9	0.97	-1.39	-7.07
Unlevered Free Cash Flow Margin	16.74	7.1	1.38	-0.93	-6.55
Asset Turnover
Asset Turnover	0.59	0.62	0.78	0.76	0.81
Fixed Assets Turnover	2.77	3.04	4.24	4.27	4.58
Receivables Turnover (Average Receivables)	3.34	4.29	5.72	5.82	5.88
Inventory Turnover (Average Inventory)	1.68	1.93	1.77	1.59	1.74
Short Term Liquidity
Current Ratio	2.53	2.26	2.23	2.11	2.06
Quick Ratio	1.6	1.22	1.15	1.04	0.95
Operating Cash Flow to Current Liabilities	0.22	-0.23	0.08	0	-0.02
Days Sales Outstanding (Average Receivables)	109.33	84.98	63.84	62.83	62.08
Days Outstanding Inventory (Average Inventory)	217.06	189.51	206.34	230.14	209.88
Average Days Payable Outstanding	98.08	80.5	81.56	74.02	57.3
Cash Conversion Cycle (Average Days)	228.31	194	188.62	218.95	214.66
Long Term Solvency
Total Debt/Equity	65.05	58.61	50.35	64.84	70.9
Total Debt / Total Capital	39.41	36.95	33.49	39.33	41.49
LT Debt/Equity	42.61	33.86	25.07	32.77	36.83
Long-Term Debt / Total Capital	25.82	21.34	16.68	19.88	21.55
Total Liabilities / Total Assets	55.11	52.97	50.35	53.18	55.09
EBIT / Interest Expense	-6.65	12.23	9.93	11.09	6.41
EBITDA / Interest Expense	2.83	20.14	13.19	14.3	9.86
(EBITDA - Capex) / Interest Expense	-3.27	14.04	11.5	10.7	6.29
Total Debt / EBITDA	52.9	5.89	3.75	3.99	5.12
Net Debt / EBITDA	-4.77	0.01	-0.12	0.96	2.25
Total Debt / (EBITDA - Capex)	-45.8	8.45	4.3	5.34	8.02
Net Debt / (EBITDA - Capex)	4.13	0.02	-0.14	1.28	3.53
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-18.39	10.55	8.1	4.01	19.89
Gross Profit, 1 Yr. Growth %	-38.45	31.78	17.48	12.17	10.27
EBITDA, 1 Yr. Growth %	-91.12	505.65	45.94	25.91	-7.05
EBITA, 1 Yr. Growth %	-124.45	-235.35	80.94	30.47	-16.56
EBIT, 1 Yr. Growth %	-126.85	-225.2	80.94	29.59	-21.98
Earnings From Cont. Operations, 1 Yr. Growth %	-266.15	-201.12	145.67	-18.55	177.64
Net Income, 1 Yr. Growth %	-264.89	-200.84	93.94	-14.55	175.49
Normalized Net Income, 1 Yr. Growth %	-130.35	-215.06	44.87	33.56	-28.92
Diluted EPS Before Extra, 1 Yr. Growth %	-264.84	-200.78	93.81	-14.65	176.89
Accounts Receivable, 1 Yr. Growth %	-23.81	-1.28	3.49	0.74	36.68
Inventory, 1 Yr. Growth %	-15.85	1.76	11.77	12.87	13.55
Net Property, Plant and Equip., 1 Yr. Growth %	2.45	-1.01	-0.68	7	16.25
Total Assets, 1 Yr. Growth %	3.8	6.42	2.4	10.45	13.66
Tangible Book Value, 1 Yr. Growth %	-9.28	9.96	8.33	2.75	-2.56
Common Equity, 1 Yr. Growth %	-9.19	10.46	8.25	4.29	9.04
Cash From Operations, 1 Yr. Growth %	-785.71	-15.24	-137.17	-99.74	-9.36K
Capital Expenditures, 1 Yr. Growth %	-67.64	-32.62	-38.32	147.83	33.55
Levered Free Cash Flow, 1 Yr. Growth %	-169.95	-53.87	-	-248.85	509.75
Unlevered Free Cash Flow, 1 Yr. Growth %	-171.53	-53.13	-	-169.95	744.48
Dividend Per Share, 1 Yr. Growth %	-88.46	133.33	-	21.05	91.3
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.64	-5.01	-	6.03	11.67
Gross Profit, 2 Yr. CAGR %	-16.97	-9.94	-	14.79	11.22
EBITDA, 2 Yr. CAGR %	-69.33	-26.65	-	35.56	8.18
EBITA, 2 Yr. CAGR %	-50.62	-42.48	-	53.65	4.34
EBIT, 2 Yr. CAGR %	-48.53	-42.02	-	53.13	0.55
Earnings From Cont. Operations, 2 Yr. CAGR %	6.2	29.62	-	41.45	50.38
Net Income, 2 Yr. CAGR %	6.44	28.95	-	28.73	53.43
Normalized Net Income, 2 Yr. CAGR %	-44.86	-40.9	-	39.1	-2.56
Diluted EPS Before Extra, 2 Yr. CAGR %	6.43	28.89	-	28.62	53.73
Accounts Receivable, 2 Yr. CAGR %	-2.5	-13.27	-	2.11	17.34
Inventory, 2 Yr. CAGR %	14.32	-7.46	-	12.32	13.21
Net Property, Plant and Equip., 2 Yr. CAGR %	13.74	0.71	-	3.09	11.53
Total Assets, 2 Yr. CAGR %	12.53	5.1	-	6.35	12.04
Tangible Book Value, 2 Yr. CAGR %	-3.31	-0.12	-	5.5	0.06
Common Equity, 2 Yr. CAGR %	-3.28	0.15	-	6.25	6.64
Cash From Operations, 2 Yr. CAGR %	185.14	141.09	-	-96.91	-51.23
Capital Expenditures, 2 Yr. CAGR %	-44.52	-53.31	-	23.63	81.93
Levered Free Cash Flow, 2 Yr. CAGR %	122.73	-43.2	-	-	201.26
Unlevered Free Cash Flow, 2 Yr. CAGR %	128.46	-42.1	-	-	143.05
Dividend Per Share, 2 Yr. CAGR %	-66.03	-48.11	-	-	52.18
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.31	2.96	-	-	10.46
Gross Profit, 3 Yr. CAGR %	-9.44	-3.15	-	-	13.27
EBITDA, 3 Yr. CAGR %	-54.09	-17.1	-	-	19.54
EBITA, 3 Yr. CAGR %	-36.98	-30.9	-	-	25.35
EBIT, 3 Yr. CAGR %	-35.33	-30.78	-	-	22.3
Earnings From Cont. Operations, 3 Yr. CAGR %	11.17	4.48	-	-	77.11
Net Income, 3 Yr. CAGR %	11.41	4.54	-	-	65.89
Normalized Net Income, 3 Yr. CAGR %	-31.69	-29.54	-	-	11.21
Diluted EPS Before Extra, 3 Yr. CAGR %	11.4	4.51	-	-	66.07
Accounts Receivable, 3 Yr. CAGR %	2.17	-2.1	-	-	12.53
Inventory, 3 Yr. CAGR %	14.56	9.97	-	-	12.73
Net Property, Plant and Equip., 3 Yr. CAGR %	17.69	8.6	-	-	7.3
Total Assets, 3 Yr. CAGR %	9.67	10.46	-	-	8.73
Tangible Book Value, 3 Yr. CAGR %	-1.35	0.93	-	-	2.75
Common Equity, 3 Yr. CAGR %	-1.22	1.1	-	-	7.17
Cash From Operations, 3 Yr. CAGR %	-12.01	90.3	-	-	-55.45
Capital Expenditures, 3 Yr. CAGR %	13.6	-40.81	-	-	26.85
Levered Free Cash Flow, 3 Yr. CAGR %	5.92	31.78	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.99	34.74	-	-	-
Dividend Per Share, 3 Yr. CAGR %	-51.32	-35.43	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.34	2.74	-	-	-
Gross Profit, 5 Yr. CAGR %	-11.02	-1.53	-	-	-
EBITDA, 5 Yr. CAGR %	-44.49	-12.94	-	-	-
EBITA, 5 Yr. CAGR %	-33.97	-22.19	-	-	-
EBIT, 5 Yr. CAGR %	-33	-22.25	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-7.86	1.88	-	-	-
Net Income, 5 Yr. CAGR %	-7.92	1.97	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-31.28	-21.62	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.93	1.95	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-1.13	-0.4	-	-	-
Inventory, 5 Yr. CAGR %	9.11	8.74	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	11.79	10.34	-	-	-
Total Assets, 5 Yr. CAGR %	6.59	8.45	-	-	-
Tangible Book Value, 5 Yr. CAGR %	1.37	2.13	-	-	-
Common Equity, 5 Yr. CAGR %	1.42	2.29	-	-	-
Cash From Operations, 5 Yr. CAGR %	1.07	39.33	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-0.53	-12.79	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	12.33	51.34	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.23	57.33	-	-	-
Dividend Per Share, 5 Yr. CAGR %	-35.07	-23.08	-	-	-