January 31, 2019
Komatsu Ltd. today announced its consolidated business results for nine months of the fiscal year ending March 31, 2019 (U.S. GAAP). The highlights are described below.
For the nine-month period (April 1 - December 31, 2018) of the fiscal year ending March 31, 2019, consolidated net sales totaled JPY2,018.6 billion, up 11.8% from the corresponding period a year ago. In the construction, mining and utility equipment business, Komatsu steadfastly captured growing demand in many regions of the world, centering on North America and Asia. As a result, sales improved from the corresponding period a year ago. In the industrial machinery and others business, nine-month sales increased from the corresponding period a year ago, mainly supported by increased sales of presses and machine tools to the automobile manufacturing industry.
With respect to profits for the nine-month period under review, operating income expanded by 59.0% from the corresponding period a year ago, to JPY295.8 billion, driven by increased sales in many regions of the world and reflecting reduced temporary expenses in association with the acquisition of Komatsu Mining Corp., which became a consolidated subsidiary in April 2017. The operating income ratio improved by 4.4 percentage points to 14.7%. Income before income taxes and equity in earnings of affiliated companies advanced to JPY277.9 billion, up 29.1%. Net income attributable to Komatsu Ltd. totaled JPY 184.1 billion, up 18.8%.
Komatsu makes no change in the projection of October 29, 2018, concerning consolidated business results for the fiscal year ending March 31, 2019.
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