Komatsu’s consolidated net sales totaled $24.5 billion for the fiscal year ending March 31, up 9.0 percent from the previous year. Net income totaled $2.3 billion, up 30.6 percent. Operating income expanded by 48.2 percent from the previous fiscal year, to $3.6 billion. The operating income ratio improved by 3.9 percentage points to 14.6 percent.
In the construction, mining, and utility equipment business, Komatsu saw growing demand in North America, Asia, and Oceana. The company anticipates steady demand in Japan, North America, and Europe markets, and slowing growth in China and Indonesia. As a result, it estimates sales will decline in FY 2020.
Source: Komatsu