6395
TADANO LTD.
株式会社タダノ
Machinery
Tadano Ltd., together with its subsidiaries, manufactures and sells construction and vehicle-mounted cranes, aerial work platforms, and transport machinery in Japan and internationally. The company offers all-terrain, rough terrain, crawler, truck, and cargo cranes; aerial work platform machines, including hyper and super deck, and skyboy truck and self-propelled; and aerial work platform lineup for electrical work, communication and general construction, heavy load construction, and shipbuilding. It also provides vehicle transport, industrial vehicle transport, elevated road/bridge inspection, Pole digger, Orbital land vehicle, illuminated vehicle, marine crane, all-terrain crane detachable lifter, lifter, and lift house. 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.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥349.5B
¥291.5B
¥280.3B
¥192.9B
¥205.7B
Cost of Sales
¥256.3B
¥207.0B
¥204.9B
¥143.5B
¥159.3B
Gross Profit
¥93.2B
¥84.5B
¥75.3B
¥49.4B
¥46.3B
SG&A
¥74.6B
¥60.7B
¥57.0B
¥42.2B
¥41.1B
Operating Income
¥18.6B
¥23.8B
¥18.3B
¥7.2B
¥5.3B
Non-Operating Income
¥1.8B
¥1.1B
¥1.1B
¥623M
¥1.2B
Dividend Income
¥284M
¥195M
¥147M
¥128M
¥117M
Interest Income
¥377M
¥349M
¥207M
¥59M
¥29M
Non-Operating Expenses
¥5.2B
¥3.8B
¥3.1B
¥1.3B
¥960M
Interest Expense
¥2.9B
¥2.1B
¥1.8B
¥660M
¥660M
Ordinary Income
¥15.1B
¥21.1B
¥16.4B
¥6.5B
¥5.5B
Pre-tax Income
¥22.9B
¥15.7B
¥18.3B
¥7.6B
¥16.2B
Income Taxes
¥4.6B
¥9.1B
¥10.2B
¥6.1B
¥3.1B
Current Tax
¥5.0B
¥9.2B
¥9.1B
¥5.3B
¥4.5B
Deferred Tax
¥-447M
¥-16M
¥1.0B
¥787M
¥-1.4B
Net Income (owners)
¥18.3B
¥6.6B
¥7.8B
¥2.2B
¥13.1B
Minority Interest
¥46M
¥-35M
¥339M
¥-666M
¥7M
Comprehensive Income
¥22.0B
¥10.6B
¥15.0B
¥8.3B
¥16.1B
EBITDA
¥28.5B
¥30.7B
¥24.4B
¥12.1B
¥10.8B
Goodwill Amort. (J-GAAP)
¥1.4B
¥161M
—
—
¥36M
EPS
¥144.78
¥52.29
¥61.26
¥17.43
¥103.33
Shares Outstanding
127.4M
127.1M
126.9M
126.8M
126.8M
Shares Issued (total)
129.5M
129.5M
129.5M
129.5M
129.5M
Treasury Shares
2.1M
2.4M
2.6M
2.7M
2.7M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥458.5B
¥403.4B
¥365.2B
¥356.7B
¥344.7B
Current Assets
¥325.3B
¥292.4B
¥278.2B
¥270.6B
¥257.7B
Cash & Deposits
¥81.8B
¥93.1B
¥94.3B
¥98.2B
¥118.4B
Trade Receivables
¥56.1B
¥38.3B
¥36.9B
¥36.2B
¥37.7B
Non-Current Assets
¥133.2B
¥111.0B
¥87.0B
¥86.1B
¥87.0B
PP&E
¥82.0B
¥70.6B
¥66.0B
¥66.4B
¥67.4B
Goodwill
¥17.9B
—
—
—
—
Intangible Assets
¥27.2B
¥5.5B
¥2.6B
¥2.5B
¥2.6B
Investment Securities
¥11.6B
¥11.4B
¥10.5B
¥7.4B
¥8.0B
Deferred Tax Assets
¥8.9B
¥6.3B
¥6.4B
¥8.4B
¥8.0B
Total Liabilities
¥252.6B
¥214.5B
¥183.9B
¥188.9B
¥184.4B
Current Liabilities
¥158.0B
¥138.4B
¥125.0B
¥119.7B
¥109.4B
Accounts Payable
¥37.9B
¥34.6B
¥39.5B
¥40.0B
¥33.1B
ST Debt
¥53.2B
¥49.3B
¥34.6B
¥40.2B
¥34.8B
Taxes Payable
¥2.1B
¥4.6B
¥7.0B
¥1.7B
¥3.5B
Non-Current Liabilities
¥94.5B
¥76.2B
¥58.9B
¥69.2B
¥75.0B
Total LT Borrowings
¥72.2B
¥59.0B
¥42.5B
¥53.5B
¥59.6B
Pension Obligations
¥11.9B
¥9.8B
¥9.5B
¥8.6B
¥9.8B
Deferred Tax Liab.
¥2.8B
¥1.2B
¥695M
¥709M
¥307M
Total Equity
¥205.9B
¥188.9B
¥181.4B
¥167.8B
¥160.3B
Capital Stock
¥13.0B
¥13.0B
¥13.0B
¥13.0B
¥13.0B
Capital Surplus
¥17.5B
¥17.5B
¥17.4B
¥16.8B
¥16.9B
Retained Earnings
¥153.3B
¥138.9B
¥135.5B
¥129.2B
¥129.1B
Treasury Stock
¥-3.1B
¥-2.2B
¥-2.4B
¥-2.5B
¥-2.5B
AOCI
¥25.2B
¥21.5B
¥17.5B
¥10.6B
¥2.6B
Equity (owners)
¥180.7B
¥167.3B
¥163.5B
¥156.6B
¥156.5B
Minority Interests
¥85M
¥106M
¥329M
¥539M
¥1.2B
Total Interest-Bearing Debt ⓘ
¥125.4B
¥108.2B
¥77.1B
¥93.7B
¥94.4B
Net Cash ⓘ
¥-43.6B
¥-15.1B
¥17.3B
¥4.4B
¥24.0B
NCAV ⓘ
¥72.7B
¥77.9B
¥94.3B
¥81.7B
¥73.3B
NCAV/Share
¥571
¥612
¥743
¥644
¥578
BV/Share
¥1,418
¥1,316
¥1,288
¥1,235
¥1,234
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-2.4B
¥26M
¥10.1B
¥-20.4B
¥17.3B
Interest Paid
¥-2.9B
¥-2.1B
¥-1.8B
¥-686M
¥-660M
Interest Received
¥664M
¥546M
¥356M
¥188M
¥148M
D&A
¥8.5B
¥6.7B
¥6.0B
¥4.9B
¥5.5B
Goodwill Amort.
¥1.4B
¥161M
—
—
¥36M
Investing CF
¥-649M
¥-25.1B
¥-4.0B
¥4.5B
¥-7.1B
CapEx
¥10.3B
¥7.7B
¥3.1B
¥3.8B
¥2.6B
Purchase Investments
¥-40M
¥-20M
¥-11M
¥-51M
¥-178M
Proceeds from Invest.
¥805M
¥6M
¥36M
¥127M
¥258M
Financing CF
¥-2.1B
¥21.6B
¥-13.3B
¥-5.0B
¥-471M
Dividends Paid
¥-3.9B
¥-3.2B
¥-1.5B
¥-507M
¥-760M
Share Buybacks
¥-1.6B
¥0M
¥0M
¥0M
¥-1M
LT Debt Repaid
¥-14.0B
¥-3.2B
¥-5.9B
¥-183M
—
Free Cash Flow
¥-12.7B
¥-7.7B
¥7.0B
¥-24.2B
¥14.7B
Net Change in Cash
¥-11.5B
¥-1.6B
¥-3.9B
¥-17.2B
¥12.2B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
9.3%
3.6%
4.5%
1.4%
8.6%
ROA
4.2%
1.7%
2.2%
0.6%
3.8%
EPS
¥144.78
¥52.29
¥61.26
¥17.43
¥103.33
DPS
¥44.00
¥23.00
¥19.00
¥8.00
¥7.00
BPS
¥1,629.21
¥1,484.92
¥1,426.38
¥1,318.45
¥1,255.11
FCF/Share
¥-100
¥-61
¥55
¥-191
¥116
NCAV/Share
¥571
¥612
¥743
¥644
¥578
Payout Ratio
30.4%
44.0%
31.0%
45.9%
6.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 16
Date Activist Stake Event Flag Demands Source
2026-04-09
Silchester International Investors LLP
6.82%
-1.08%
change
✓ Activist
—
2026-02-05
Silchester International Investors LLP
7.9%
-1.04%
change
✓ Activist
—
2026-01-19
Nomura Securities Co.,Ltd.
7.39%
change
Passive
—
2025-10-29
Silchester International Investors LLP
8.94%
-1.07%
change
✓ Activist
—
2025-10-06
Nomura Asset Management Co., Ltd.
6.39%
+1.3%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.48%
-1.89%
change
Passive
—
2025-08-06
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
6.37%
change
Passive
—
2025-07-23
Mizuho Bank, Ltd.
1.52%
-4.32%
change
Passive
—
2025-07-22
Nomura Asset Management Co., Ltd.
5.09%
initial_5pct
Passive
—
2025-07-14
Japan Activation Capital, Inc.
10.81%
initial_5pct
Passive
—
2025-03-24
Silchester International Investors LLP
10.01%
+0.58%
change
✓ Activist
—
2024-10-22
Mizuho Bank, Ltd.
5.84%
-0.91%
change
Passive
—
2024-09-24
Mizuho Bank, Ltd.
6.75%
change
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
4.57%
change
Passive
—
2024-02-29
Silchester International Investors LLP
9.43%
-1.07%
change
✓ Activist
—
2024-01-17
Silchester International Investors LLP
10.5%
change
✓ Activist
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 14
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社
14,403
11.31%
2
JAPAN ACTIVATION CAPITAL I L.P.(常任代理人 株式会社三菱UFJ銀行)
7,867
6.18%
3
Nippon Life Insurance
日本生命保険相互会社
6,301
4.95%
4
JAPAN ACTIVATION CAPITAL II L.P.(常任代理人 株式会社三菱UFJ銀行)
6,077
4.77%
5
Japan Custody Bank
株式会社日本カストディ銀行
5,803
4.56%
6
NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST
NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST(常任代理人 香港上海銀行東京支店)
4,798
3.77%
7
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
4,024
3.16%
8
Business Partner Stock Ownership Plan
タダノ取引先持株会
3,495
2.74%
9
The Hyakujushi Bank,Ltd.
株式会社百十四銀行
3,208
2.52%
10
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
3,164
2.48%
Domestic Nominees
15.9%
-3.8% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
6.2%
-0.7% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
24.3%
+2.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
11.78%
12.78%
11.31%
-1.47%
JAPAN ACTIVATION CAPITAL I L.P.
NEW ENTRY
—
—
—
6.18%
NEW
Nippon Life Insurance
日本生命保険
4.96%
4.96%
4.95%
-0.01%
JAPAN ACTIVATION CAPITAL II L.P.
NEW ENTRY
—
—
—
4.77%
NEW
Japan Custody Bank
日本カストディ銀行
6.35%
6.85%
4.56%
-2.29%
Northern Trust
5.23%
6.90%
3.77%
-3.13%
Meiji Yasuda Life Insurance
明治安田生命保険
3.15%
3.26%
3.16%
-0.10%
Business Partner Stock Ownership Plan
タダノ取引先持株会
2.59%
2.65%
2.74%
+0.09%
The Hyakujushi Bank,Ltd.
式会社百十四銀行
4.07%
4.07%
2.52%
-1.55%
State Street
NEW ENTRY
—
—
—
2.48%
NEW
Mizuho Bank
みずほ銀行
last seen 2024
Exited Top 10
4.13%
4.13%
—
MUFG Bank
三菱UFJ銀行
last seen 2024
Exited Top 10
2.65%
2.65%
—
GOVERNMENT OF NORWAY
last seen 2023
Exited Top 10
2.42%
—
—
Concentration (HHI)
ⓘ
294
341
278
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥9,398M
+13% since 2023
Holdings
14
+1 new
3 exited
Trend
1 unwinding
vs 2023
Held Company
FY2025
¥9,398M total
FY2023
¥8,315M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mitsubishi UFJ Financial Group, Inc.
(株)三菱UFJフィナンシャル・グループ
3,061
1,228,230
1,488
1,228,230
The Hyakujushi Bank,Ltd.
(株)百十四銀行
2,121
-27.4%
↓
318,556
1,055
438,556
M
Mizuho Financial Group, Inc.
(株)みずほフィナンシャルグループ
1,369
240,327
579
240,327
Iyogin Holdings,Inc.
(株)いよぎんホールディングス
1,356
531,510
503
531,510
The Awa Bank,Ltd.
(株)阿波銀行
595
135,785
320
135,785
M
NISHIO HOLDINGS CO., LTD.
ニシオホールディングス(株)
472
99,700
408
99,700
Kanamoto Co., Ltd.
(株)カナモト
201
51,389
150
51,389
The Shikoku Bank, Ltd.
(株)四国銀行
104
59,512
57
59,512
M
Sumitomo Mitsui Financial Group, Inc.
(株)三井住友フィナンシャルグループ
83
+200.0%
↑
16,500
37
5,500
HOKKAIDENKO CORPORATION
(株)北海電工
12
NEW
New
11,736
—
SEINO HOLDINGS CO.,LTD.
セイノーホールディングス(株)
10
4,633
9
4,633
SANKYU INC.
山九(株)
8
+32.0%
↑
1,002
3
759
NANYO CORPORATION
(株)南陽
6
+100.0%
↑
4,840
5
2,420
M
マニテックス・インターナショナルInc.
—
—
Shikoku Electric Power Company, Incorporated
四国電力(株)
—
−100%
Exit
—
32
32,010
Manitex International Inc.
—
−100%
Exit
—
3,662
2,954,542
北海電気工事(株)
—
−100%
Exit
—
7
11,736
Portfolio total
9,398
8,315
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding