Komatsu sales dropped 38% in the third quarter to $5.8 billion. North American sales rose 0.2% to about $1.5 billion. The Japan-based company cited appreciation of the Japanese yen for the sales decline. Excluding foreign exchange effects, sales were down 15.4%.
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For the first six months of its current fiscal year, sales were $12.8 billion, down 3.9%. Sales of construction and mining equipment dropped 4.8% to about $11.9 billion.
In its full-year projections, Komatsu expects sales to decline by 5.3% to about $25 billion. It expects tariffs to continue to affect sales and profits. Full year expectations are for tariffs to cost the company $500 million, placing a $50 million drag on profits for the year. “The impact is expected to increase progressively toward the end of the year,” according to the company.
About the Author
Rod Sutton
Sutton served as the editorial lead of Construction Equipment from 2001 through 2025.