In the domestic market, sales of cranes grew steadily due to improved replacement demand. Domestic sales rose to 53,658 million Yen (€381.5m), up 7% compared with the same period of the previous year.
In overseas markets, sales increased 42.3% to 32,733m Yen (€233m) due mainly to a substantial increase in sales of cranes for Europe and North America.
As a result, total sales for the three quarter period of this fiscal year posted 86,392m Yen (€614m), an 18.6% rise compared with the same period of the previous year and net income posted 4,191m Yen (€30m) – up 51.2% – due to sales increase, despite partially declined production efficiency caused by a deteriorated procurement environment.
At the end of the full term ended March 31 2005, sales finished on 101,846m Yen (€724.5m), operating income ended on 5,245m Yen (€37.3m) and net income was 3,877m Yen (€27.5m).
Figures for the fiscal year April 1, 2005 to March 31, 2006 are expected to eclipse those of the previous year with sales of 116,000m Yen (€825.2m), operating income of 8,200m Yen (€58.3m) and net income of 5,300m Yen (€37.7m).
