Record-High Financial Metrics
Net sales increased by 5.6% year-on-year to JPY972 billion with operating income rising 15.9% to JPY156.4 billion. Net income saw a significant increase of 42.4% to JPY98.7 billion, marking record highs for net sales, segment profit, and operating income in the third quarter.
Construction, Mining, and Utility Equipment Growth
Sales in this segment increased by 6.3% to JPY918.2 billion with segment profit advancing by 22.2% to JPY149.1 billion, showing a strong segment profit ratio improvement to 16.2%.
Positive Impact of Foreign Exchange Rates
The depreciation of the yen against major currencies contributed to a positive impact on net sales and operating income.
Expansion into Electrified Equipment
Introduction of a 13-ton class PC138E-11 electric excavator with lithium-ion battery to the market, aiming to accelerate toward carbon neutrality by 2050.
Acquisition of American Battery Solutions
Strategic acquisition to enhance battery technology capabilities, crucial for developing electrified construction and mining equipment.