Revenues Decline Despite Growing Demand for Cranes

Revenues at Kobelco Cranes fell 19.3% in the first quarter of the fiscal year from April to June, to JPY 9.5 billion (US$ 122 million). The company's operating loss for the quarter was almost unchanged from the same period last year at JPY 400 million (US$ 5.1 million).

The company said unit sales were up compared to a year ago, thanks to improving the demands of reconstruction work in Japan, along with a market recovery in North America and South East Asia. However, it said that changes in the types of cranes being sold had led to the downturn in revenues.

The company's forecasts for the full year are for a moderate increase in revenues from JPY 48 billion (US$ 614 million) in fiscal 2011, to JPY 49 billion (JPY 627 million). However, it expects last year's operating profit of JPY 100 million (US$ 1.3 million) to turn to a loss of JPY 1.5 billion (US$ 19 million) this year.

"Domestic demand is forecast to increase owing to recovery and reconstruction work after the Great East Japan Earthquake last year. In overseas markets, demand on the whole is recovering," the company said in a statement.


Our customer stories

Perfect Service Starts Here
  • “Professional, safe , and experienced crane operators. Some of the best I’ve had the pleasure to work with in 40 years of building power lines. On time service, and they go above and beyond to make sure they take care of the customer’s needs from cranes to hauling logistics. Really a pleasure to work with.” 

    - Jim
  • “Sims Crane Atlanta is the best in the business. I have worked with this group for the last 10 years and have always had tremendous success using them. They are highly knowledgeable, top tier equipment, professionalism, pricing, communication, etc. I would highly recommend using them with your next project!” 

    - Brandon
  • “It is always a pleasure working with Sims! Some of the best operators in the business, as well as a very in touch sales team! Highly recommend using them for any crane needs.” 

    - Dylan
  • “The efforts were led with consistent feedback, planning and precise execution day by day, making a difficult task painless and smooth. The install team was very professional, well trained and knowledgeable. They answered any questions we had and ensured a safe and swift installation, faster than anticipated. They were accommodating for last minute field decisions and provided assistance wherever needed. All of the Sims team members have proven to be true construction professionals and thus I will continue to reach out on future projects.” 

    - Landon
Additional Information