Jul 29, 2022
Komatsu Ltd. today announced its consolidated business results for three months of the fiscal year ending March 31, 2023 (U.S. GAAP). The highlights are described below.
1. Results for Three Months Ended June 30, 2022
For the first three-month period (April 1- June 30, 2022) of the fiscal year ending March 31, 2023, the first year of the mid-term management plan, consolidated net sales totaled JPY 763.8 billion, up 17.8% 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 continued to affect Komatsu’s production and sales, Komatsu steadily captured expanding demand for new equipment by capitalizing particularly on cross-sourcing. Reflecting steady sales of mining equipment against the backdrop of growing commodity prices and the Japanese yen’s depreciation, sales advanced from the corresponding period a year ago. In the industrial machinery and others business, while sales of the Excimer laser-related business remained strong, supported by expanding demand for semiconductors worldwide, sales of presses, sheet-metal machines, and machine tools for the automobile manufacturing industry decreased from the corresponding period a year ago. This was affected mainly by reduced sales of medium-sized and large presses. As a result, sales of this business declined from the corresponding period a year ago.
With respect to profits for the first three-month period under review, operating income expanded by 51.5% from the corresponding period a year ago, to JPY 93.6 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 2.7 percentage points to 12.2%. Income before income taxes and equity in earnings of affiliated companies expanded by 83.0% to JPY 112.5 billion. Net income attributable to Komatsu Ltd. climbed to JPY 80.5 billion, up 96.7%.
2. Projections for the Fiscal Year Ending March 31, 2023（FY2022）
Komatsu makes no change in the projection of April 28, 2022, concerning consolidated business results for the fiscal year ending March 31, 2023.
No : 0034（3154）
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.
