Jan. 30, 2024
Komatsu Ltd. today announced its consolidated business results for Nine months of the fiscal year ending March 31, 2024 (U.S. GAAP). The highlights are described below.
1. Results for Nine Months Ended December 31, 2023
For the nine-month period (April 1- December 31, 2023) of the fiscal year ending March 31, 2024, the second year of the mid-term management plan, consolidated net sales totaled JPY 2,795.0 billion, an increase of 10.1% 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, mainly due to increased sales of large presses for the automobile manufacturing industry.
With respect to profits for the nine-month period under review, operating income increased by 30.8% from the corresponding period a year ago, to JPY 453.4 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 2.6 percentage points to 16.2%. Income before income taxes and equity in earnings of affiliated companies increased by 26.6% to JPY 430.3 billion. Net income attributable to Komatsu Ltd. increased by 31.2% to JPY 304.3 billion.
2. Projections for the Fiscal Year Ending March 31, 2024 (FY2023)
Komatsu makes no change in the projection of October 27, 2023, concerning consolidated business results for the fiscal year ending March 31, 2024.
No : 0082(3305)
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: +81-(0)3-6849-9703
mail: JP00MB_cc_department@global.komatsu
*The information may be subject to change without notice.