Financial Results
for the Fiscal Year
Ended March 31,2024

May 14, 2024

KATO WORKS CO., LTD.

Table of Contents
進化の奥の更なる真価へ

Ⅰ

Summary of Consolidated Financial Results for the Fiscal Year Ended
March 31, 2024
Summary of consolidated financial results
1.
Changes in consolidated financial results, and changes in quarterly net
2.
sales
Consolidated statement of income
3.
4.
Analysis of changes in operating profit (loss)
5.
Consolidated balance sheet
Consolidated statement of cash flows
6.
Changes in consolidated net sales by principal item
7.
8.
Principal items
9.
Consolidated net sales by destination (excluding Japan)

p. 2 - 3
p. 4 - 6
p. 7
p. 8
p. 9
p. 10
p. 11
p. 12
p. 13

Ⅱ

Notice Concerning the Appropriation of Surplus (Dividend Increase)

p. 14

Ⅲ

Full-year Consolidated Financial Results Forecast for Fiscal YearEnding March 31, 2025

p. 15

Ⅳ

The Company’s Meeting Continued Listing Criteria for Prime Market

p. 16

Ⅴ. Readjustments of Mini Excavator Business in China
Ⅵ

TOPICS

p. 17
p. 18 - 201

Summary of consolidated financial results
進化の奥の更なる真価へ

Net sales

57,498 million yen(Previous FY: 57,530 million yen, -0.1％ year on year)

OperatingprofitOrdinary
profitProfitattributable toowners of parent

1,654 million yen(Previous FY: 1,258 million yen,+31.4％ year on year)

2,575 million yen(Previous FY: 1,865 million yen, +38.1％ year on year)

4,235 million yen(Previous FY: 2,403 million yen, +76.3％ year on year)2Summary of consolidated financial results
進化の奥の更なる真価へ(1) Net sales and profit
•

•
•
•

Net sales are unchanged from the previous fiscal year at 57,498 million yen.
 The ratio of overseas net sales increased from 28.8％ to 33.3％.
 Domestic net sales (40,961 => 38,360 million yen, -6.4％ year on year) Overseas net sales (16,569 => 19,138 million yen, +15.5％ year on year)
Operating profit increased 31.4% due to improved profitability and weaker yen.
Ordinary profit increased 38.1% due to foreign exchange gains from weaker yen andincreased rental income in the hotel business.
Profit attributable to owners of parent increased 76.3% due to posting of -1,386 million yen
of income taxes - deferred (which boosted profit) after reviewing recoverability of deferred
tax assets.

(2) Status by segment (manufacturing base)•

Japan:•

China:•

Europe:Although the limited supply of major components for some mobile cranes has
continued, exports for Asia has recovered. Sales of hydraulic excavators
decreased due to increased competition in Japan, but exports for United Statesremained firm.
Severe environment for sales continued due to a market downturn, and net
sales were on a downtrend.
Net sales are flat at the same level as the previous fiscal year.
* There is no manufacturing base in the Americas, only sales through exports from Japan.

3Changes in consolidated financial results
進化の奥の更なる真価へ(Unit:（単位:百万円）
millions of yen)O p e ra t in g p r o f i t ( l o s s ) /O p e ra t in g p r o f i t ( l o s s ) m a r g i n

Net sales
70,0002,000

63,549

15.0%

1654

57,53057,498
1258
7.5%
1,000

2.9%

2.2%

35,0000.0%

0(7.5)%(11.4)%(7,222)0

For year ended
22/3月期
March 31, 2022

For year ended
23/3月期
March 31, 2023

For year ended
24/3月期
March 31, 2024

*Posted 4,800 million yen ofallowance for doubtful accounts foruncollected receivables in China(1,000)22/3月期For year
ended
March 31, 2022

For23/3月期
year ended
March 31, 2023

(15.0)%

24/3月期For
year ended
March 31, 2024

4

Changes in consolidated financial results(Changes in quarterly net sales)

進化の奥の更なる真価へ(Unit: （単位:百万円）
millions of yen)

25,00019,77919,40520,00018,168

15,108

14,67815,00017,133

16,492

16,281
14,486
13,191

12,811

12,44013,076

11,685

11,566

10,797

10,000

5,000

0
1Q

2Q

3Q

4Q

For year ended
March 31, 2021
58,519 million yen

1Q

2Q

3Q

For year ended
March 31, 2022
63,549 million yen

4Q

1Q

2Q

3Q

4Q

For year ended
March 31, 2023
57,530 million yen

1Q

2Q

3Q

4Q

For year ended
March 31, 2024
57,498 million yen

5Changes in consolidated financial results
進化の奥の更なる真価へ(Unit:（単位:百万円）
millions of yen)

Ordinary profit (loss)
5,000
3,000

2,575
1,865

Profit (loss) attributableto owners of parent

4,235

2,403

2,500

0

1,500

(2,500)(5,000)(9,575)*Posted 4,800 million yen of allowance for
doubtful accounts for uncollected receivables
in China

For year ended
22/3月期
March 31, 2022

For year ended
23/3月期
March
31, 2023

R O E ( Re t ur n o n E q u it y )

0
15.0%

5.4%

8.8%

0.0%

(1,500)(15.0)%(6,929)(3,000)For year ended
24/3月期
March
31, 2024*Posted 4,800 million yen of allowance for
doubtful accounts for uncollected receivables
in China

For 22/3月期
year ended
March 31, 2022

For year ended
23/3月期
March 31, 2023

For year ended
24/3月期
March 31, 2024

(20.6)%(30.0)%

For
year ended
22/3月期
March 31, 2022

For23/3月期
year ended
March 31, 2023

For 24/3月期
year ended
March 31, 2024

6

Consolidated statement of income
For the year ended
March 31, 2023
Amount

進化の奥の更なる真価へ(Unit: millionsof yen)（単位:百万円）

For the year ended
March 31, 2024

Percentage

AmountYear-on-year

Percentage

AmountchangePercentchange57,53048,4299,100

100.0%
84.2%
15.8%

57,49846,978
10,520100.0%
81.7%
18.3%

(32)
(1,451)
1,419(0.1)%(3.0)%
15.6%

Selling, general and administrative expenses

7,841

13.6%

8,866

15.4%

1,024

13.1%

Operating profit

1,258
606
1,865

2.2%
1.1%
3.2%

1,654
921
2,575

2.9%
1.6%
4.5%

395
314
709

31.4%
51.9%
38.1%

Extraordinary income (losses)

636

1.1%

531

0.9%

(105) (16.5)%

Profit before income taxes

2,501
49

4.3%
0.1%

3,106
(992)

5.4%
(1.7)%

604(1,042)

24.2%
-

48

0.1%

(136)

(0.2)%

(185)

-

2,403

4.2%

4,235

7.4%

1,832

76.3%

Net sales
Cost of sales
Gross profit

Non-operating income (expenses)
Ordinary profit

Income taxes
Profit (loss) attributable to non-controllinginterests
Profit (loss) attributable to owners of parent
ROE

Cost of sales ratio improved
Cost of sales ratio improved by 2.5 points from 84.2% to 81.7％.
This is due to the measures for higher and enhanced
profitability in the Medium-term Management Plan.

Non-operating income (expenses)
Foreign exchange gains from weaker yen increased by 271
million year on year.
The increase of rental income in the hotel business expanded
by 80 million yen year on year.

5.4%

8.8%

+3.4 points

SGA expenses increased
SGA expenses increased by 1,024 million yen from 7,841
million yen to 8,866 million yen.
Recovery of salary and bonus, etc. in the previous year has
continued.

Income taxes
Posted -1,386 million yen of income taxes - deferred (which
boosted profit) after reviewing recoverability of deferred tax
assets.

7

Analysis of changes in operating profit (loss)
進化の奥の更なる真価へ(Unit:（単位:百万円）
millions of yen)

1,654

Operating profit
for year ended
March 31, 2023

Selling prices
Cost
Product line up
OthersExchange rate
effectProvision ofallowance for
doubtfulaccounts

Operating profit
for year ended
March 31, 2024

Factors of changes in operating profit (loss)
・Decrease in sales volume
・Changes in selling prices/cost/product line up/others
・Sales enhancement of after-sales parts
・Fluctuation in exchange rates
・Increase in SGA
・Provision of allowance for doubtful accounts(1,917) million yen
2,703 million yen
156 million yen
477 million yen(606) million yen(418) million yen

1,654 million yen+396 million yen
year on year

Although the sales volume decreased, repricing of the products and the measures for improved and enhanced profitability as well as
weaker yen contributed to the increase of operating profit by 396 million yen year on year.

8Consolidated balance sheet

進化の奥の更なる真価へ(Unit:（単位:百万円）
millions of yen)

As of March 31, 2023
AmountCurrent
assetsNon-current
assetsLiabilities

Liabilities
andNet assets
Net assets

AmountPercentage

AmountchangeIncrease in trade receivables(+1,072 million yen)
25,060 million yen => 26,132 million yen
Turnover period
As of Mar. 31, 2023: 159 days =>As of Mar. 31, 2024: 165.9 days

Cash and deposits

19,97720.2%

22,566

21.4%

2,589

Trade receivables

25,06025.4%

26,132

24.8%

1,072

Inventories

31,58332.0%

35,521

33.7%

3,938

(948)

(1.0)%(1,405)(1.3)%(457)

Total current assets

75,672

76.6%

82,814

78.6%

7,142

Property, plant and equipment

19,131

19.4%

16,83316.0%(2,297)

414

0.4%

706

0.7%

291

3,580

3.6%

4,976

4.7%

1,395

Decrease in Property, plant andequipment (-2,297 million yen

Total non-current assets

23,12623.4%

22,515

21.4%

(611)

Total assets

98,799100.0% 105,330

100.0%

6,531

19,131 million yen => 16,833 million yen
Sale of factory facilities in Thailand (1,418 million yen)
Impairment of factory in China (-764
million yen)

Trade payables

13,942

14.1%

13,624

12.9%

(318)

Interest-bearing debt

34,151

34.6%

36,357

34.5%

2,205

3,799

3.8%

3,797

3.6%

(1)

Total liabilities

51,89352.5%

53,779

51.1%

1,886

Retained earnings

30,781

31.2%

34,431

32.7%

3,649

4,901

5.0%

5,977

5.7%

1,076

Other

11,223

11.4%

11,141

10.6%

(81)

Total net assets

46,90647.5%

51,551

48.9%

4,644

Total liabilities and net assets

98,799100.0% 105,330

100.0%

6,531

Other

AssetsPercentage

As of March 31, 2024 Year-on-year

Intangible assets
Investments and other assets

Other

Valuation and translation
adjustments

Increase in inventories(+3,938 million yen)
31,583 million yen => 35,521 million yen
Turnover period
As of Mar. 2023: 200.4 days =>As of Mar. 2024: 225.5 days

Increase in investments and otherassets (+1,395 million yen)
3,580 million yen => 4,976 million yen
Posted deferred tax assets (1,448 million
yen)

Increase in interest-bearing debt(+2,205 million yen)
34,151 million yen => 36,357 million yen
Increased due to refinancing withrepayments of long-term borrowings

9Consolidate statement of cash flows

進化の奥の更なる真価へ(Unit:（単位:百万円）
millions of yen)

Cash flows from operating activities

Amount

2,501

3,106

1,576

1,424

Decrease (increase) in trade receivables

3,736

(178)

Decrease (increase ) in inventories

730(3,905)

Increase (decrease) in trade payables

517

(761)

(2,592)

(382)

6,471

(696)

(197)

(852)

1,567

2,480

1,369

1,627

(6,477)

1,986

(129)

(584)

(6,606)

1,401

73

56

1,308

2,389

18,66919,977

19,97722,36634,15136,357Purchase of property, plant and equipment
Other, net
Net cash provided by (used in) investing activities
Increase (decrease) in interest-bearing debt
Other, net
Net cash provided by (used in) financing activities

Increase (decrease)

AmountDepreciation

Net cash provided by (used in) operating activities

Cash flows from financing activities

For the year ended
March 31, 2024

Profit (loss) before income taxes

Other, net

Cash flows from investing activities

For the year ended
March 31, 2023

Effect of exchange rate change
Net increase (decrease)
Cash and cash equivalents at beginning of
periodCash and cash equivalents at end of period

Balance of interest-bearing debt

CF from operating activities
・Increase of inventories due to
production increase

CF from investing activities
・Sale of factory facilities inThailand・Acquisition of factory facilities
and software
CF from financing activities
・Repayment of long-termborrowings
・Financing for future
production increase10Changes in consolidated net sales byprincipal item

進化の奥の更なる真価へ(Unit:（単位:百万円）
millions of yen)

For the year ended
March 31, 2022
Composition
ratio

AmountMobile cranes
Domestic sales
Overseas sales
Subtotal
Construction
equipment
Domestic sales
Overseas sales
Subtotal
Industrial
equipment
Domestic sales
Overseas sales
Subtotal
Total
Domestic sales
Overseas sales
Total

For the year ended
March 31, 2023

For the year ended
March 31, 2024

Composition
ratio

AmountYear-on-year

Composition
ratio

AmountAmountchangePercentchange30,88948.6%

31,521

54.8%

29,673

51.6%

6,274

9.9%

3,669

6.4%

4,560

7.9%

37,16358.5%

35,19061.2%

34,234

59.5%

11,463

18.0%

8,533

14.8%

7,803

13.6%

(730) (8.6)%

13,82521.8%

12,89822.4%

14,504

25.2%

1,606

12.5%

25,28839.8%

21,431

37.3%

22,308

38.8%

876

4.1%

1,078

1.7%

906

1.6%

883

1.5%

(23) (2.6)%

17

0.0%

1

0.0%

72

0.1%

70

-

1,096

1.7%

908

1.6%

955

1.7%

47

5.2%

43,431

68.3%

40,961

71.2%

38,36066.7%(2,601) (6.4)%

20,11731.7%

16,56928.8%

19,138

33.3%

2,568

63,549100.0%

57,530100.0%

57,498100.0%

Mobile cranes
Domestic sales: Despite stable orders, net sales are flat at the samelevel as the previous fiscal year due to limited supplyof major components for some mobile cranes.
Overseas sales: Strengthened sales activities in Asia

(1,847) (5.9)%
891

24.3%

(956) (2.7)%

15.5%(32) (0.1)%

Construction equipment
Domestic sales: Net sales decreased due to increased competition.
Overseas sales: China market was sluggish while net sales for North
American market was strong.

11Principal items
進化の奥の更なる真価へ

Mobile cranes

Construction equipment

Industrial equipment

Street sweepers
Having both high ability to clean up and a compact size

Hydraulic excavators
They have superior traveling performance on roughterrain, and are used for developing land for construction
and demolishing structures.

Line up
2 models in Japan

Mid- and large-sized excavators(vehicle body weight: 8-50 tons)
Line up
8 models in Japan and 11 models overseas

Mobile cranes
They can be used in various sites due to their superior
traveling performance. They can work on narrow roads,
and thus are used for the construction of buildings,
houses and infrastructures.

Mini excavators(vehicle body weight: 0.9-10 tons)
Line up
13 models in Japan and 24 models overseas

Sucking various objects from sludge to powder andgranular materials

Line up

９ models in Japan

Line upRough terrain cranes (cabin integrated for traveling andcrane operation)
10 models with 4.9-80t maximum lifting capacity inJapan and 8 models with 13-70t maximum lifting capacity
overseas
All terrain cranes (cabins separated for traveling andcrane operation)
4 models with 110-300t maximum lifting capacity inJapan and 3 models with 110-130t maximum lifting
capacity overseas
Crawler cranes
6 models in Japan and 6 models overseas

Vacuum trucks

Crawler carriers
They are used for carrying materials on rough terrain,such as civil works and forestry.

Line up
7 models in Japan and 5 models overseas

Snow sweepers
Adopting a powerful brush and blowing method, andrealizing speedy and efficient snow removalLine up

５models in Japan

12

Consolidated net sales by destination(excluding Japan)
16,56920,11722,00019,138Asia (down 1.4

Central and
北米・中南米218

980

South America

4,163

4,871

82

934

632

302

For year ended
22/3期
March
31, 2022

Africaアフリカ

160

Oceania
オセアニア

Middle andNear East

North America/Central and South America(up 56.2 year on year)

Asia
アジア

5,616

For year ended
23/3月期
March
31, 2023

For year ended
24/3期
March
31, 2024

5,698 million yen => 5,616 million yen (-81
million yen)
Despite continued sluggish China market,
sales activities were enhanced in Southeast
Asia.

5,166 million yen => 4,900 million yen (265 million yen)
Decreased slightly due to slowdown inconstruction demand

中近東

5,698

4,163 million yen => 6,504 million yen (+2,340
million yen)
Increased significantly due to the increase in
infrastructure demand in North America andthe effect of foreign exchange rates

For the year ended March 31,2022

For the year ended March 31,2023

For the year ended March 31,
2024

Composition
ratio

Composition
ratio

Composition
ratio

AmountAmountAmountyear on year)

Europe (down 5.1% year on year)

欧州
Europe1,323

523

10,745

6,504

4,900

5,166

0

(Unit:（単位:百万円）
millions of yen)

North America/

2,998

11,000

進化の奥の更なる真価へ

Year-on-year
AmountchangePercentchangeComposition ratio of
total net sales

10,745

53.4%

5,698

34.4%

5,616

29.3%

(81)

(1.4)%

9.8%

Middle and Near East

302

1.5%

523

3.2%

1,323

6.9%

799

152.5%

2.3%

EuropeOceania
AfricaNorth America/Central
and South America

4,871
980
218

24.2%
4.9%
1.1%

5,166
934
82

31.2%
5.6%
0.5%

4,900
632
160

25.6%
3.3%
0.8%

(265)
(302)
78

(5.1)%(32.4)%
94.1%

8.5%
1.1%
0.3%

2,998

14.9%

4,163

25.1%

6,504

34.0%

2,340

56.2%

11.3%

20,117100.0%

16,569100.0%

19,138100.0%

2,568

15.5%

33.3%

Asia

Total overseas
net sales

13Notice concerning the appropriation of
surplus (dividend increase)
Amount of previous year
(For the year ended March
31, 2023)

Interim dividend
Year-end dividendTotal

ー
30 yen30 yen

進化の奥の更なる真価へ

Latest forecast(Announced February 13,
2024)

Actual amount

20 yen30 yen50 yen20 yen45 yen65 yenReasons for dividend increase
At the meeting of the Board of Directors held on May 14, 2024, the Company resolved the amendment to the year-end
dividend for the 125th fiscal year with a record date of March 31, 2024 as above, which was announced on the same day.
This is set to be officially decided following the Annual General Meeting of Shareholders to be held on June 27, 2024.
As a basic principle, the Company shall, based on its belief that the return of profits to shareholders is one of its mostimportant management tasks, continue to pay stable dividend while comprehensively taking into account such factors as
financial results for each period, dividend payout ratio, and internal reserves needed for future growth.
The full-year financial results for the fiscal year ended March 31, 2024 has beaten the last forecast announced February 13,2024. Therefore, based on the above policy, the Company has decided to revise (upward) the amount of year-end dividend
for the year ended March 31, 2024 from the previously announced 30 yen per share to 45 yen per share. This resulted in 65
yen full-year dividend for the year ended March 31, 2024.
14

Full-year consolidated financial results forecast for
fiscal year ending March 31, 2025

進化の奥の更なる真価へ(Unit:（単位:百万円）
millions of yen)In addition to improving and enhancing profitability, improving the financial structure and building future business foundations in thelast year of the current Medium-term Management Plan, the Group completes the “Global Strategy Map” by retaining the markets in
Europe and Americas and rebuilding the businesses in Asian region, and makes its working capital more efficient to achieve a big
step in the next Medium-term Management Plan.

For the full-year consolidated financial results forecast for fiscal year ending March 31, 2025, the Group forecasts 70 billion yen of net
sales (+21.7% year on year), 2.1 billion yen of operating profit (+27.0% year on year) due to the increase of domestic production andsales, and 1.5 billion yen of ordinary profit (-41.8% year on year) due to uncertainty about foreign exchange.
For the profit attributable to owners of parent, as described in "Readjustments of mini excavator business in China" announced on
May 14, 2024, we are now readjusting our overseas business portfolio such as businesses in China and new businesses in India. The
forecast for profit attributable to owners of parent will be published as soon as it is known.
For year ended March
31, 2024

AmountFor year ending March
31, 2025 (Forecast)AmountPercentchange57,49870,00021.7%

Operating profit (loss)

1,654

2,100

27.0%

Ordinary profit (loss)

2,575

1,500

(41.8)%

Profit (loss) attributable toowners of parent

4,235

Net salesInterim
Dividend per share Year-end
AnnualUnderexaminationー

20.00 yen

TBDー45.00 yen

TBDー65.00 yen

TBD

ー
15

The Company’s meeting continued listing
criteria for Prime Market

進化の奥の更なる真価へ

The Company did not meet the "tradable share market capitalization" of the continued listing criteria for Prime
Market stipulated by Tokyo Stock Exchange, as of March 31, 2023. However, as a result of various initiatives,
the Company met all continued listing criteria for Prime Market including the "tradable share market
capitalization" as of March 31, 2024 as below.
No. ofshareholders

No. oftradablesharesTradableshare market
capitalization

Tradableshare ratio

Daily average
trading value

As of March 31,
2023

6,575

92,302units

8.0 billion
yen

78.5%

20 millionyen

As of March 31,
2024

6,250

90,908units

13.2 billion
yen

77.4%

120 million
yenContinued listing criteria

800 ormore

20,000units ormore

10.0 billion
yen ormore

35.0% orhigher20 million
yen ormore

Met or not as of March 31, 2024

Met

Met

Met

Met

Met

The Company’s
meeting
continued
listing criteria

The Company continues to work on "Improvement of corporate value," "Enhancement of return of profits toshareholders" and "Enhancement of IR."

16

Readjustments of mini excavator business in
China

進化の奥の更なる真価へ

For the mini excavator business where the Company’s joint venture (subsidiary), Kato SCE (Xiamen) Construction Machinery Co., Ltd. ("KATO SCE")
is producing and selling mini excavators in Xiamen City, Fujian Province, CHINA, assuming the liquidation of KATO SCE, the Company is now
negotiating with its joint venture partner ("JV Partner") not to renew the joint venture agreement between the JV Partner and the Company which will
expire in June 2024, including the disposition of the shares held by such two companies.
KATO SCE was established by jointly funded by IHI Construction Machinery Limited (acquired by the Company thereafter) and SCE Construction
Machinery Co., Ltd. in Hong Kong in 2004. After licensing of technology, KATO SCE started producing and selling mini excavators in the following
year. Since then, the sales and sales volume of KATO SCE have steadily increased helped by the rapid economic growth of China and high evaluationof the products from the market. Even during the period of economic slowdown in China, KATO SCE have remained in surplus and have delivered
strong business results.
In recent years, however, severe business environment has continued, such as decrease in demand for construction machines due to the slowdown of
infrastructure investments arising from the slump in real estate business in addition to the rise of the Chinese local manufacturers, and we now see noprospect for recovery.
In such a situation, after examining the future prospect of KATO SCE's business and risks in case of its continuation, the Company has judged it
necessary not to renew the joint venture agreement and to fundamentally review the business including the liquidation of KATO SCE.
This is a part of the readjustments of our overseas business portfolio for the formulation of foundation for the future ("selection and concentration")
described in the current Medium-term Management Plan. As described in "Suspension of production in Kato SCE (Xiamen) Construction MachineryCo., Ltd." announced in March 8, 2024, the Company is now fundamentally reviewing our business, including this case, assuming the liquidation of two
manufacturing bases in China which has played a part in the Group's business results for a long time.
Meanwhile, for a next step, in order to form the business foundation in India which has grown to the world's largest populous country by surpassing
China as a new growing market, the Company has created the "Office for Indian Business" in the headquarters in January 2024. In addition tocapturing huge demand for construction machines in India, a new major market replacing China, the Company will expand its market area including
neighbor countries around India to which the Company has not approached so far, and secure medium-and-long term revenues sources.
(Reference)
Company profile of Kato SCE (Xiamen) Construction Machinery Co., Ltd.
Company name:Kato SCE (Xiamen) Construction Machinery Co., Ltd.
Location:
Xiamen City, Fujian Province, CHINA
Date of establishment: October 22, 2004
Capital:30 million RMB (holding 51.0% of shares)
Business description: Production and sales of products and parts such as hydraulic excavators

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TOPICS

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TOPICS (1)

進化の奥の更なる真価へ

Popularizing eco-friendly construction machines in Japan
Adding equipment to curb CO2 emission more to Hybrid Roughter!

The Company partially changed the development program of "Hybrid Roughter" which the Company is now promoting, and will add the unit that uses
the outside power source to curb CO2 emission more and prepare for its mass production.
This change to the development program is to pursue "Eco-friendly rough terrain cranes" as is the concept of Hybrid Roughter. Hybrid Roughter canoperate with electricity by using such unit in crane work, and can curb CO2 emission more in crane work.
As a construction machines manufacturer, the Company has established its basic policy for sustainability to continuously work on solving theenvironmental and social issues and contribute to the realization of sustainable society through new technology. The Company will develop andpopularize Hybrid Roughter with high economic rationality, and aim to sustainably reduce total CO2 emission.
With the change to the program that such unit and the equipment for connecting such unit to Hybrid Roughter shall be equipped on all construction
machines as standard equipment, the commercial launch of Hybrid Roughter, which was previously scheduled to be in spring in 2024, is postponed.
The time of launch and the details of the product will be announced as soon as decided. We hope you will look forward to the launch of evolved Hybrid
Roughter!

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TOPICS (2)進化の奥の更なる真価へ

New rough terrain crane with 60t maximum lifting capacity "SL600RfIII" was launched in April
The model has inherited various performance of its
previous model, SL-600RfII and is a rough terrain
crane which is eco-friendly while realizing highcrane performance, jib specifications, efficient andcomfortable work, and higher safety.
The model is a more eco-friendly product than aprevious model by adopting the engine that meetsthe latest exhaust emission regulations.
Standard retail price:

86 million yen(tax excluded)* Sales price varies depending on equipment.

Sales target:

100 unit/year20Notes/Contact

進化の奥の更なる真価へ

Contents on the present plans and the forecasts included in thesematerials are based on information presently obtained and certain
premises deemed reasonable by the Company. Actual business results,
etc. may be significantly different due to various factors. Therefore, thematerials do not promise or guarantee the realization of the plans orforecasts.

Contact
KATO WORKS CO., LTD.
Corporate Communications Department
1-9-37 Higashioi,
Shinagawa-ku, Tokyo, 140-0011
E-Mail: ir-kato@kato-works.co.jp

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