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Tadano plunges in late afternoon trading after posting 21% operating profit decline for Jan-Mar
TADANO LTD. <6395> plunged in late afternoon trading. The company announced its consolidated financial results for the first quarter (January-March) of fiscal year ending December 2026 at around 3:00 p.m. today. Revenue reached 85.845 billion yen (up 6.6% year-on-year), while operating profit came in at 4.012 billion yen (down 20.6%), triggering sell-off.
Although the company posted higher revenue thanks to the acquisition of the material handling systems business from IHI Corporation <7013>, a consolidated subsidiary, in July last year, profitability struggled due to reduced volume and increased costs stemming from the impact of U.S. tariffs and delayed sales timing.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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