Apr.28, 2025
Komatsu Ltd. today announced its consolidated business results for the fiscal year ended March 31, 2025 (U.S. GAAP). The highlights are described below.
In the following, "the Company" expresses Komatsu Ltd. on a non-consolidated basis, while "Komatsu", on a consolidated basis.
1. Results for the fiscal year ended March 31, 2025（FY2024）
For the fiscal year under review (April 1, 2024 - March 31, 2025) consolidated net sales totaled JPY 4,104.4 billion, an increase of 6.2% from the previous fiscal year. In the construction, mining and utility equipment business, while sales for construction equipment decreased, that for mining equipment increased. There were also factors such as the impact of the Japanese yen's depreciation and the effect of improved selling prices in most regions of the world, thereby sales increased from the previous fiscal year. In the industrial machinery and others business, sales increased from the previous fiscal year, supported primarily by increased sales of large presses for the automobile manufacturing industry and increased maintenance revenues in the excimer laser-related business for the semiconductor industry.
With respect to profits for the fiscal year under review, operating income increased by 8.2% from the previous fiscal year, to JPY 657.1 billion. This was supported by an increase in profits in the construction, mining and utility equipment business due to improved selling prices and the Japanese yen’s depreciation, which more than offset the adverse effects of reduced sales volume and cost increase, as well as an increased profits in the retail finance and industrial machinery businesses. The operating income ratio increased by 0.3 percentage points from the previous fiscal year to 16.0%. Income before income taxes and equity in earnings of affiliated companies increased by 5.1% from the previous fiscal year to JPY 604.8 billion. Net income attributable to Komatsu Ltd. increased by 11.7% from the previous fiscal year to JPY 439.6 billion.
2. Projections for the fiscal year ending March 31, 2026（FY2025）
In the construction, mining and utility equipment business, while Komatsu anticipates an increase in sales volume and improvement in selling prices, sales is projected to decrease due to the Japanese yen's appreciation and U.S. tariff policy. With respect to segment profit, although Komatsu will improve selling prices and reduce costs, it anticipates a decrease due to the appreciation of the Japanese yen and cost increase resulting from U.S. tariff policy.
In the retail finance business, Komatsu projects a decrease in both sales and profits due to the appreciation of the Japanese yen.
In the industrial machinery and others business, Komatsu anticipates that both sales and segment profit will increase from the fiscal year under review, as sales of large presses for the automobile industry and maintenance revenues of the excimer laser-related business for the semiconductor industry are projected to increase.
As a result, Komatsu projects a decrease in both consolidated sales and profits for the fiscal year ending March 31, 2026.
As preconditions for its projection, Komatsu is assuming the foreign exchange rates will be as follows: USD1=JPY 135.0, EUR1=JPY 150.0, and AUD1=JPY 84.0.
3. Cash dividends
Concerning cash dividends for the fiscal year under review, after considering consolidated business results for the fiscal year under review and future business prospects, the Company is planning to increase the year-end common stock dividend per share by JPY 23 from the earlier projection of JPY 84 per share. As a result, the year-end cash dividend for the fiscal year under review should amount to JPY 107 per share. Annual cash dividends should total JPY 190 per share, including the interim cash dividend which has already been paid, and which shows an increase of JPY 23 per share from the previous fiscal year, ended March 31, 2024. Accordingly, the consolidated payout ratio will translate into 40.1%. This dividend amount will be proposed to the 156th ordinary general meeting of shareholders (scheduled for June 19, 2025).
Regarding the fiscal year, ending March 31, 2026, while net income is projected to decrease, the Company plans to pay JPY 190 per share for annual cash dividends, keeping the same amount from the fiscal year under review. The consolidated payout ratio should be translated into 56.7%.
No : 0011（3327）
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: +81-(0)3-6849-9703
mail: JP00MB_cc_department@global.komatsu
*The information may be subject to change without notice.
