IHI (TYO:7013) has completed the transfer of the materials handling system business of its subsidiary IHI Transport Machinery to Tadano, according to a Wednesday filing on the Tokyo Stock Exchange.

The deal, first disclosed in November 2024, was executed via a company split followed by a share transfer on July 1.

IHI expects to book 16 billion yen in other income on a consolidated basis and 14 billion yen in extraordinary income on a non-consolidated basis for the fiscal year ending March 2026.