Jul 30, 2021
Komatsu Ltd. today announced its consolidated business results for three months of the fiscal year ending March 31, 2022 (U.S. GAAP). The highlights are described below.
1. Results for Three Months Ended June 30, 2021
For the first three-month period (April 1- June 30, 2021) of the fiscal year ending March 31, 2022, the final year of the mid-term management plan, consolidated net sales totaled JPY 648.2 billion, up 41.3% from the corresponding period a year ago. In the construction, mining and utility equipment business, demand for both construction and mining equipment was strong around the world, except for China, as the adverse effects of the coronavirus (COVID-19) pandemic shrank from the corresponding period a year ago. As a result, sales advanced from the corresponding period a year ago, as Komatsu steadily captured demand for new equipment and increased sales of parts and service revenues. In the industrial machinery and others business, sales advanced from the corresponding period a year ago, reflecting not only recovering trend of capital investment of presses, sheet-metal machines, and machine tools for the automobile manufacturing industry, but also brisk demand for the Excimer laser-related business for the semiconductor industry.
With respect to profits for the first three-month period under review, operating income surged by 129.4% from the corresponding period a year ago, to JPY 61.7 billion. This was mainly due to improved sales volume and selling prices in many regions in the construction, mining and utility equipment business, as well as the Japanese yen's depreciation. The operating income ratio improved by 3.6 percentage points to 9.5%. Income before income taxes and equity in earnings of affiliated companies expanded by 115.7% to JPY 61.4 billion. Net income attributable to Komatsu Ltd. climbed to JPY 40.8 billion, up 151.6%.
2. Projections for the Fiscal Year Ending March 31, 2022(FY2021)
Komatsu makes no change in the projection of April 30, 2021, concerning consolidated business results for the fiscal year ending March 31, 2022.
