03.06.2020

Lower sales and profits for Aichi

Japanese aerial lift manufacturer Aichi has posted its full year results for the 12 months to the end of March, showing a decline in revenues and profits.

The brief report shows total revenues of ¥58.3 billion ($561.8 million)down six percent on the 2018-2019 fiscal year. New machine sales made up 80 percent of the total at ¥46.5 billion ($447 million), with the rest being parts, service, and used equipment sales etc. Net profit for the period was nine percent lower at ¥7.1 billion ($68.4 million). Detail in the report is fairly limited.

Toyota owns a 51 percent controlling stake in the business.