Jan. 29, 2016
Komatsu Ltd. today announced its consolidated business results for nine months of the fiscal year ending march 31, 2016 (U.S. GAAP). The highlights are described below.
1. Results for Nine Months Ended December 31, 2015
For the nine-month period (April 1 - December 31, 2015) of the fiscal year ending March 31, 2016, consolidated net sales totaled JPY1,370.5 billion, down 4.6% from the corresponding period a year ago. In the construction, mining and utility equipment business, while Komatsu steadfastly captured demand for construction equipment in North America, the nine-month sales decreased from the corresponding period a year ago, as affected by declined sales of mining equipment against the backdrop of slack demand as well as drastically reduced demand in China and other emerging countries. In the industrial machinery and others business, while GIGAPHOTON INC. expanded sales, supported by stable machine utilization of the semiconductor industry, the nine-month sales declined from the corresponding period a year ago.
With respect to profits, as the Japanese yen depreciated particularly against the U.S. dollar, Komatsu continued to make efforts to reduce fixed costs, mainly through structural reforms on a global scale, in response to changing demand for construction and mining equipment. However, operating income decreased by 15.0% from the corresponding period a year ago, to JPY154.6 billion, as affected by reduced volume of sales of the construction, mining and utility equipment business. Operating income ratio translated into 11.3%, down 1.4 percentage points. Income before income taxes and equity in earnings of affiliated companies totaled JPY153.1 billion, down 15.0%. Net income attributable to Komatsu Ltd. amounted to JPY103.7 billion, down 11.0%.
2. Projections for the Fiscal Year Ending March 31 2016 (FY2015)
Komatsu makes no change in the projection of April 27, 2015, concerning consolidated business results for the fiscal year ending March 31, 2016.
No : 076(2947)
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: +81-(0)3-5561-2616
mail: JP00mb_cc_department@global.komatsu
*The information described is at the time of presentation and may be subject to advance notice.
