Consolidated Business Results for Six Months of the Fiscal Year Ending March 31, 2019 (U.S. GAAP)

Oct. 29, 2018

Komatsu Ltd. today announced its consolidated business results for six months of the fiscal year ending March 31, 2019 (U.S. GAAP). The highlights are described below.

1. Results for Six Months Ended September 30, 2018
For the first six-month period (April 1 - September 30, 2018) of the fiscal year ending March 31, 2019, consolidated net sales totaled JPY1,318.0 billion, up 13.7% from the corresponding period a year ago. In the construction, mining and utility equipment business, while demand for construction equipment declined in Japan mainly as a rebound of pre-buy demand in anticipation of the new emission control regulations of September 2017, Komatsu steadfastly captured growing demand in many regions of the world, centering on North America and Asia. As a result, sales improved from the corresponding period a year ago. In the industrial machinery and others business, six-month sales increased from the corresponding period a year ago, mainly supported by increased sales of machine tools to the automobile manufacturing industry.
With respect to profits for the first six-month period under review, operating income expanded by 80.2% from the corresponding period a year ago, to JPY200.3 billion, driven by increased sales in many regions of the world and reflecting reduced temporary expenses in association with the acquisition of Komatsu Mining Corp., which became a consolidated subsidiary in April 2017. The operating income ratio improved by 5.6 percentage points to 15.2%. Income before income taxes and equity in earnings of affiliated companies advanced to JPY192.5 billion, up 33.6%. Net income attributable to Komatsu Ltd. totaled JPY 125.3 billion, up 23.2%.

 

2. Projections for the Fiscal Year Ending March 31, 2019 (FY2018)
Komatsu makes change in the projection of April 26, 2018, concerning consolidated business results for the fiscal year ending March 31, 2019.
For more information, please refer to the “Announcement Concerning the Revision of Projected Business Results and Cash Dividend” which is announced today.

 

Reference
“Announcement Concerning the Revision of Projected Business Results and Cash Dividend”
URL: https://www.komatsu.jp/en/newsroom/2019/20191030

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No : 060 (2806)
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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.