TADANO (6395) AI Stock Analysis

• Market Cap: ¥144.40B
• Dividend Yield: 2.86%
• Average Volume (3M): 382.92K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 1.18
• Revenue Growth: 10.49%
• EPS Growth: -5.19%
• Country: JP
• Employees: 4,916
• Sector: General
• Sector Strength: N/A
• Industry: Agricultural - Machinery
• EPS (TTM): N/A
• Shares Outstanding: 129,500,350
• 10 Day Avg. Volume: 341,870
• 30 Day Avg. Volume: 382,920
• PEG Ratio: -1.50
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -18.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ¥1,207.00 ▲(12.49% Upside)

TADANO's overall score is driven by solid valuation metrics and a stable financial foundation. However, technical analysis indicates bearish momentum, and cash flow management issues pose risks. The absence of earnings call insights limits further evaluation.

Positive Factors

Recurring after-sales revenue

TADANO's mix of new equipment sales plus recurring parts, maintenance and inspections creates a steady aftermarket revenue stream. This lifecycle service model supports margin stability, customer retention, and predictable revenue over multi-year equipment lifecycles.

Healthy balance sheet

Moderate leverage and a near-47% equity ratio give TADANO financial flexibility to fund capex, R&D and dealer support without over-reliance on short-term financing. A solid capital structure helps the company weather cyclical downturns and fund strategic investments.

Improving gross and EBIT margins

Rising gross and EBIT margins indicate better cost control and operational efficiency. If sustained, margin expansion supports higher operating cash flow potential and creates capacity to reinvest in product development and service networks, strengthening competitive position.

Negative Factors

Negative free cash flow

A reversal to negative free cash flow and weaker cash conversion reduces internal funding for capex, dealer support and dividends. Persistent negative FCF can force external financing, constrain strategic flexibility, and pressure the balance sheet over time.

Declining net profit margin

A falling net margin despite revenue growth suggests rising non-operating costs or lower operating leverage. Continued margin compression limits retained earnings and shareholder returns, making it harder to build reserves or invest for long-term growth.

Cyclicality of end markets

TADANO's reliance on construction, infrastructure and rental markets exposes revenues to economic cycles. Structural downturns in construction activity can materially reduce new equipment demand and stress aftermarket volumes, increasing revenue volatility across cycles.

TADANO Business Overview & Revenue Model

Company Description

Tadano Ltd., together with its subsidiaries, develops, produces, distributes, and services lifting equipment worldwide. The company offers all-terrain, rough terrain, truck, telescopic boom crawler, lattice boom crawler, and loader cranes; aerial work platforms; special purpose vehicles; and used equipment. It also provides components, such as hydraulic cylinders; and repair and maintenance services. The company was formerly known as Tadano Iron Works Co., Ltd. and changed its name to Tadano Ltd. in 1989. Tadano Ltd. was founded in 1919 and is headquartered in Takamatsu, Japan.

How the Company Makes Money

TADANO generates revenue primarily through the sale of its crane products, which include mobile cranes, truck-mounted cranes, and rough-terrain cranes. The company also earns money through after-sales services, including maintenance, repairs, and spare parts sales, which contribute significantly to its revenue. Furthermore, TADANO has formed strategic partnerships and collaborations with other companies in the construction and heavy equipment sectors, enhancing its market reach and product offerings. The demand for TADANO's products is driven by global infrastructure development and construction projects, which are critical factors influencing the company's earnings.

TADANO Financial Statement Overview

Summary

TADANO shows revenue growth and improved operating margins, but faces challenges with declining net profit margin and ROE. The balance sheet is strong, yet cash flow management needs improvement due to negative free cash flow.

Income Statement

TADANO shows a positive revenue growth trajectory, with a 4% increase in 2024 compared to 2023. Gross profit margin improved to 29% in 2024 from 26% in 2023, indicating better cost management. However, net profit margin decreased to 2.28% in 2024 from 2.77% in 2023, reflecting challenges in converting revenue into profit. The EBIT margin improved slightly to 8.16% in 2024 from 6.55% in 2023. Overall, TADANO exhibits stability with room for profitability improvement.

Balance Sheet

TADANO maintains a healthy balance sheet with a debt-to-equity ratio of 0.65 in 2024, showing moderate leverage. The equity ratio remains strong at 46.79%, indicating a solid financial foundation. Return on equity decreased to 3.52% in 2024 from 4.29% in 2023, suggesting a slight decline in efficiency in generating returns from equity.

Cash Flow

TADANO's cash flow position shows potential concerns with a negative free cash flow in 2024, reversing from a positive in 2023. The operating cash flow to net income ratio dropped significantly, indicating challenges in translating earnings into cash. The negative free cash flow to net income ratio in 2024 highlights a need for better cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	314.91B	291.50B	280.27B	257.24B	205.66B	186.10B
Gross Profit	86.30B	84.52B	73.62B	64.22B	46.33B	35.15B
EBITDA	29.88B	24.79B	24.36B	16.14B	11.44B	1.88B
Net Income	5.75B	6.64B	7.77B	2.95B	13.10B	-12.99B
Balance Sheet
Total Assets	451.45B	403.42B	365.24B	356.69B	344.72B	323.92B
Cash, Cash Equivalents and Short-Term Investments	117.75B	93.13B	94.34B	98.16B	118.40B	103.11B
Total Debt	164.71B	122.47B	91.31B	98.33B	98.17B	94.59B
Total Liabilities	263.19B	214.53B	183.89B	188.92B	184.41B	178.52B
Stockholders Equity	186.49B	188.79B	181.03B	167.23B	159.11B	144.05B
Cash Flow
Free Cash Flow	0.00	-7.69B	7.01B	-24.21B	14.74B	16.59B
Operating Cash Flow	0.00	26.00M	10.12B	-20.42B	17.33B	20.45B
Investing Cash Flow	0.00	-25.11B	-3.98B	4.52B	-7.08B	-3.73B
Financing Cash Flow	0.00	21.62B	-13.25B	-5.05B	-471.00M	29.04B

TADANO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1073.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6395, the sentiment is Positive. The current price of 1073 is below the 20-day moving average (MA) of 1130.35, below the 50-day MA of 1083.08, and above the 200-day MA of 1023.03, indicating a bullish trend. The MACD of 17.70 indicates Positive momentum. The RSI at 58.55 is Neutral, neither overbought nor oversold. The STOCH value of 30.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6395.

TADANO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6432	73 Outperform	¥304.71B	11.27	―	2.99%	0.31%	-11.04%
6345	70 Outperform	¥88.00B	15.38	―	4.79%	1.68%	18.85%
6358	70 Outperform	¥19.17B	33.20	―	5.14%	-13.63%	-74.53%
6305	68 Neutral	¥1.07T	14.18	10.54%	3.98%	-2.72%	29.43%
6395	62 Neutral	¥144.40B	13.13	5.59%	2.86%	10.49%	-5.19%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
6390	43 Neutral	¥16.03B	-6.03	―	5.40%	-2.22%	18.80%

TADANO Corporate Events

Tadano Reshapes European Leadership and Technical Management with Senior Executive Changes

Tadano Ltd. has announced senior leadership changes affecting its European operations and technical management, promoting Noriaki Yashiro to Director and Senior Managing Executive Officer with responsibility for European operations, global HR and ICT, and continued leadership of key European subsidiaries. At the same time, Global Chief Technical Officer Hiroyuki Goda will transition to the role of Senior Managing Executive Officer overseeing European operations and technical functions at the group’s European units, before retiring from his director position after the March 27, 2026 shareholders’ meeting, signaling a planned succession in the company’s European leadership and technology governance structure.

The most recent analyst rating on (JP:6395) stock is a Hold with a Yen1022.00 price target. To see the full list of analyst forecasts on TADANO stock, see the JP:6395 Stock Forecast page.

Tadano Refreshes Board with New Outside Directors from Komatsu and Finance Sector

Tadano Ltd. has announced planned changes to its board of directors effective March 27, 2026, following the company’s Ordinary General Shareholders’ Meeting. The company intends to appoint Komatsu Ltd. chairman Hiroyuki Ogawa and investment and corporate finance specialist Shotaro Akita as new outside directors, bringing deep experience in global manufacturing, production management, and capital markets to Tadano’s governance. At the same time, Director and Managing Executive Officer Hiroyuki Goda and Outside Director Tatsuro Ishizuka will retire from the board, marking a generational and strategic refresh of the leadership structure that is likely aimed at strengthening oversight, international competitiveness, and shareholder-oriented governance.

The most recent analyst rating on (JP:6395) stock is a Hold with a Yen1022.00 price target. To see the full list of analyst forecasts on TADANO stock, see the JP:6395 Stock Forecast page.

Tadano to Absorb Engineering Subsidiary in Streamlining Merger

Tadano Ltd. has approved a simplified absorption-type merger of its wholly owned subsidiary Tadano Engineering Ltd., effective April 1, 2026, with Tadano as the surviving entity and the engineering unit to be dissolved. The move consolidates engineering management and design functions—covering truck loader cranes, aerial work platforms, and hydraulic gantry systems—into the parent company to streamline operations and enhance collaboration with affiliated engineering companies in India and the Philippines, with Tadano stating that the impact on consolidated earnings will be immaterial and no changes will occur to its name, capital, or core business profile.

The most recent analyst rating on (JP:6395) stock is a Hold with a Yen1022.00 price target. To see the full list of analyst forecasts on TADANO stock, see the JP:6395 Stock Forecast page.

Tadano Reshapes Executive Lineup to Strengthen Global Operations

Tadano Ltd. announced a series of officer personnel changes effective January 1, 2026, including revised responsibilities for five executive officers involved in product development, quality and safety assurance, and overseas group companies such as Tadano Technology Philippines Inc. The updated leadership and organizational structure, which clarifies roles across European, Chinese, Pan-American, and infrastructure operations, appears aimed at strengthening global governance, technical oversight, and sales execution as the company continues to integrate and manage its international crane and lifting solutions businesses.

The most recent analyst rating on (JP:6395) stock is a Hold with a Yen1067.00 price target. To see the full list of analyst forecasts on TADANO stock, see the JP:6395 Stock Forecast page.

Tadano Reports Increased Sales but Declines in Profits

Tadano Ltd. reported its consolidated financial results for the nine months ending September 30, 2025, showing a 13.1% increase in net sales compared to the previous year. Despite the rise in sales, the company experienced a significant decline in operating and ordinary profits, with decreases of 43.3% and 54.1%, respectively. However, the profit attributable to owners of the parent saw a notable increase of 49.1%. The company also announced an increase in its annual dividend forecast, reflecting a positive outlook for stakeholders.

The most recent analyst rating on (JP:6395) stock is a Buy with a Yen1311.00 price target. To see the full list of analyst forecasts on TADANO stock, see the JP:6395 Stock Forecast page.