For the first three-month period (April 1- June 30, 2023) of Komatsu's fiscal year ending March 31, 2024, consolidated net sales totaled JPY (Japanese Yen) 899.6 billion, an increase of 17.8 percent from the corresponding period a year ago.
In the construction, mining and utility equipment business, while demand for construction equipment decreased, mainly in Latin America and Europe, it remained firm in North America. Demand for mining equipment was steady. Komatsu worked to make its supply chain highly resilient to changes in the external environment, especially by capitalizing on cross-sourcing and strengthening multisourcing, and steadily captured demand for new equipment.
As a result, sales increased from the corresponding period a year ago, partly supported by expanded parts sales and service revenues which reflect high machine utilization, centering on mining equipment, improved selling prices in most regions of the world, and the Japanese yen’s depreciation. In the industrial machinery and others business, sales of presses, sheet-metal machines, and machine tools for the automobile manufacturing industry increased. As a result, sales increased from the corresponding period a year ago.
With respect to profits for the first three-month period under review, operating income increased by 57.1 percent from the corresponding period a year ago, to JPY 147.0 billion. This was supported by improved selling prices in most regions of the world and the Japanese yen’s depreciation, which more than offset the adverse effects of increased material prices and fixed costs. The operating income ratio increased by 4.1 percentage points to 16.3 percent. Income before income taxes and equity in earnings of affiliated companies increased by 31.7 percent to JPY 148.2 billion. Net income attributable to Komatsu Ltd. increased by 31.0 percent to JPY 105.4 billion.
Source: Komatsu
