Oct. 27, 2023
Komatsu Ltd. today announced its consolidated business results for six months of the fiscal year ending March 31, 2024 (U.S. GAAP). The highlights are described below.
1. Results for Six Months Ended September 30, 2023
For the first six-month period (April 1- September 30, 2023) of the fiscal year ending March 31, 2024, the second year of the mid-term management plan, consolidated net sales totaled JPY 1,823.0 billion, an increase of 12.6% from the corresponding period a year ago. In the construction, mining and utility equipment business, while demand for construction equipment decreased mainly in Latin America, Europe and Asia, it remained steady in North America. Demand for mining equipment remained strong. Sales increased from the corresponding period a year ago, partly supported by expanded parts sales and service revenues which reflect high machine utilization, centering on mining equipment, improved selling prices in most regions of the world, and the Japanese yen’s depreciation. In the industrial machinery and others business, sales increased from the corresponding period a year ago, supported by increased sales of large presses for the automobile manufacturing industry.
With respect to profits for the first six-month period under review, operating income increased by 40.3% from the corresponding period a year ago, to JPY 297.0 billion. This was supported by improved selling prices in most regions of the world, and the Japanese yen’s depreciation, which more than offset the adverse effects of increased fixed costs and material prices. The operating income ratio increased by 3.2 percentage points to 16.3%. Income before income taxes and equity in earnings of affiliated companies increased by 26.5% to JPY 288.0 billion. Net income attributable to Komatsu Ltd. increased by 26.4% to JPY 205.5 billion.
2. Projections for the Fiscal Year Ending March 31, 2024 (FY2023)
Komatsu makes change in the projection of April 28, 2023, concerning consolidated business results for the fiscal year ending March 31, 2024.
For more information, please refer to the "Announcement Concerning the Revision of Projected Business Results and Cash Dividend" which is announced today.
"Announcement Concerning the Revision of Projected Business Results and Cash Dividend"
URL : https://www.komatsu.jp/en/newsroom/2023/20231027_3