Jan. 31, 2020
Komatsu Ltd. today announced its consolidated business results for nine months of the fiscal year ending March 31, 2020 (U.S. GAAP). The highlights are described below.
1. Results for Nine Months Ended December 31, 2019
For the nine-month period (April 1 - December 31, 2019) of the fiscal year ending March 31, 2020, the first year of the new mid-term management plan, consolidated net sales totaled JPY1,827.4 billion, down 9.5% from the corresponding period a year ago. In the construction, mining and utility equipment business, while demand remained steady in Traditional Markets, such as Japan and North America, demand declined in Strategic Markets centering on 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 nine-month period under review, while Komatsu worked to improve selling prices, operating income declined by 29.7% from the corresponding period a year ago, to JPY207.8 billion. This was mainly due to reduced sales volume, a change in the geographic composition of sales, and adverse effects of the Japanese yen’s appreciation. The operating income ratio decreased by 3.3 percentage points to 11.4%. Income before income taxes and equity in earnings of affiliated companies fell by 31.7% to JPY189.9 billion. Net income attributable to Komatsu Ltd. totaled JPY135.2 billion, down by 26.6%.
2. Projection for the Fiscal Year Ending March 31, 2020 (FY2019)
Komatsu makes no change in the projection of October 30, 2019, concerning consolidated business results for the fiscal year ending March 31, 2020.
No : 0079(2914)
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.
