Jul. 29, 2019
Komatsu Ltd. today announced its consolidated business results for three months of the fiscal year ending March 31, 2020 (U.S. GAAP). The highlights are described below
1. Results for Three Months Ended June 30, 2019
For the first three-month period (April 1 – June 30, 2019) of the fiscal year ending March 31, 2020, the first year of the new mid-term management plan, consolidated net sales totaled JPY609.7 billion, down 5.6% from the corresponding period a year ago. In the construction, mining and utility equipment business, while demand remained steady for mining equipment in North America and Oceania, demand for construction and mining equipment declined, especially in China and Asia. As a result, sales decreased from the corresponding period a year ago. In the industrial machinery and others business, sales declined, mainly affected by reduced sales of presses and machine tools to the automobile manufacturing industry, as well as declined sales of Excimer laser-related products on the semiconductor market.
With respect to profits for the first three-month period under review, operating income declined by 22.2% from the corresponding period a year ago, to JPY74.7 billion, mainly affected by reduced sales volume and a change in the geographic composition of sales in the construction, mining and utility equipment business. The operating income ratio decreased by 2.6 percentage points to 12.3%. Income before income taxes and equity in earnings of affiliated companies fell by 28.0% to JPY66.9 billion. Net income attributable to Komatsu Ltd. totaled JPY47.4 billion, down 24.6%.
2. Projection for the Fiscal Year Ending March 31, 2020 (FY2019)
Komatsu makes no change in the projection of April 26, 2019, concerning consolidated business results for the fiscal year ending March 31, 2020.
No : 031(2866)
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.
