For the first six-month period (April 1- September 30, 2022) of the fiscal year ending March 31, 2023, Komatsu's consolidated net sales totaled JPY 1,618.7 billion, up 25.3 percent from the corresponding period a year ago.
In the construction, mining, and utility equipment business, demand for both construction and mining equipment expanded, especially in North America and Asia.
While supply chain disruptions brought about some adverse effects on its production and sales, Komatsu steadily captured expanding demand for new equipment by capitalizing particularly on cross-sourcing. Reflecting increased parts sales and service revenues, as well as a substantial gain on the Japanese yen's depreciation, sales advanced from the corresponding period a year ago.
In the industrial machinery and others business, sales of the Excimer laser-related business remained strong, supported by expanding demand for semiconductors worldwide. With respect to presses and sheet-metal machines for the automobile manufacturing industry, while sales of medium-sized and large presses declined, sales of this business increased from the corresponding period a year ago.
With respect to profits for the first six-month period under review, operating income surged by 55.3 percent from the corresponding period a year ago, to JPY 211.6 billion. Coupled with the Japanese yen's depreciation, the increase of profits was mainly due to improved selling prices in many regions in the construction, mining, and utility equipment business, which more than offset the adverse effects of increased prices of materials and logistics costs. The operating income ratio improved by 2.5 percentage points to 13.1 percent. Income before income taxes and equity in earnings of affiliated companies expanded by 66.8 percent to JPY 227.8 billion. Net income attributable to Komatsu climbed to JPY 162.6 billion, up 74.5%.
Source: Komatsu
