July 29, 2019
Komatsu Ltd. today announced its consolidated business results for three months of the fiscal year ending March 31, 2020 (U.S. GAAP). The highlights are described below.
1. Results for Three Months Ended June 30, 2019
For the first three-month period (April 1 – June 30, 2019) of the fiscal year ending March 31, 2020, the first year of the new mid-term management plan, consolidated net sales totaled JPY609.7 billion, down 5.6% from the corresponding period a year ago. In the construction, mining and utility equipment business, while demand remained steady for mining equipment in North America and Oceania, demand for construction and mining equipment declined, especially in China and Asia. As a result, sales decreased from the corresponding period a year ago. In the industrial machinery and others business, sales declined, mainly affected by reduced sales of presses and machine tools to the automobile manufacturing industry, as well as declined sales of Excimer laser-related products on the semiconductor market.
With respect to profits for the first three-month period under review, operating income declined by 22.2% from the corresponding period a year ago, to JPY74.7 billion, mainly affected by reduced sales volume and a change in the geographic composition of sales in the construction, mining and utility equipment business. The operating income ratio decreased by 2.6 percentage points to 12.3%. Income before income taxes and equity in earnings of affiliated companies fell by 28.0% to JPY66.9 billion. Net income attributable to Komatsu Ltd. totaled JPY47.4 billion, down 24.6%.
2. Projection for the Fiscal Year Ending March 31, 2020 (FY2019)
Komatsu makes no change in the projection of April 26, 2019, concerning consolidated business results for the fiscal year ending March 31, 2020.
Sanyi Double Eleven Carnival Feast,The purchase of the machine can be reduced by 15 thousand yuan immediately.,Miss waiting for a year! Xiang yuan 11.4 Golden Egg Smashing Activity Superimposed Enjoyment,Up to 10,000 yuan discount prize waiting for
Jiangsu Taixin Machinery Co Ltd(Hereinafter referred to as“Taixin Machinery”)As the director unit of Piling Machinery Branch of China Construction Machinery Industry Association,Actively participated in the third and fourth member congresse
baumaCHINACountdown to 2024:23 days!New Quality Trinity· Enter the museum tomorrow→Create a low-carbon future together! Tomorrow,Sany Group is stationedbaumaCHINAPavilion 2024, Openbauma CHINA Construction of booth 2024。 Novembe
Guidance for extensive and in-depth development“Make contributions to the 14th and 15th National Congress、Strive for a new journey”Thematic Labor and Skills Competition,Vigorously carry forward the spirit of labor、Craftsman spirit,Prom
Copyright Notice 2002-2024 global-ce.com Construction Machinery Online. All rights reserved.
Address: Room 901, Building C, Ruipu Mansion, Hongjunying South Road No.15, Chaoyang District, Beijing.100107 P.R.China