Oct. 28, 2021
Komatsu Ltd. today announced its consolidated business results for six months of the fiscal year ending March 31, 2022 (U.S. GAAP). The highlights are described below.
1. Results for Six Months Ended September 30, 2021
For the first six-month period (April 1- September 30, 2021) of the fiscal year ending March 31, 2022, the final year of the mid-term management plan, consolidated net sales totaled JPY 1,291.4 billion, up 34.8% from the corresponding period a year ago. In the construction, mining and utility equipment business, demand for both construction and mining equipment was strong around the world, except for China, as the adverse effects of the coronavirus (COVID-19) pandemic shrank from the corresponding period a year ago. Komatsu steadily captured expanding demand for new equipment and advanced sales of parts and service revenues, as it capitalized particularly on cross-sourcing to mitigate the negative impact of semiconductor and container shortages. As a result, sales expanded sharply from the corresponding period a year ago. In the industrial machinery and others business, with respect to the businesses of presses, sheet-metal machines, and machine tools, Komatsu improved sales from the corresponding period a year ago by completing installation work of machinery at overseas customers’ plants, as the governments of related countries eased their regulations on economic activities. In addition, demand for the Excimer laser-related business for the semiconductor manufacturing industry remained brisk. As a result, sales advanced from the corresponding period a year ago.
With respect to profits for the first six-month period under review, operating income surged by 125.9% from the corresponding period a year ago, to JPY 136.2 billion. This was mainly due to expanded sales volume and improved selling prices in many regions in the construction, mining and utility equipment business, as well as the Japanese yen's depreciation. The operating income ratio improved by 4.3 percentage points to 10.6%. Income before income taxes and equity in earnings of affiliated companies expanded by 133.2% to JPY 136.5 billion. Net income attributable to Komatsu Ltd. climbed to JPY 93.1 billion, up 149.7%.
[Consolidated Financial Highlights]
2. Projections for the Fiscal Year Ending March 31, 2022 (FY2021)
Komatsu makes change in the projection of April 30, 2021, concerning consolidated business results for the fiscal year ending March 31, 2022.
For more information, please refer to the "Announcement Concerning the Revision of Projected Business Results and Cash Dividend" which is announced today.
[Projection for Consolidated Business Results for FY2021 (April 1, 2021 - March 31, 2022)]
Reference
"Announcement Concerning the Revision of Projected Business Results and Cash Dividend"
URL:https://www.komatsu.jp/en/newsroom/2021/20211028_2
No : 0058(3073)
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: +81-(0)3-5561-2616
mail: JP00MB_cc_department@global.komatsu
*The information may be subject to change without notice.
