For the nine-month period (April 1- December 31, 2022) of the fiscal year ending March 31, 2023, Komatsu consolidated net sales totaled JPY (Japanese Yen) 2,539.2 billion, up 26.0 percent from the corresponding period a year ago.
In the construction, mining, and utility equipment business, demand for mining equipment expanded, centering on North America and Asia. Komatsu steadily captured demand for new equipment by capitalizing particularly on cross-sourcing. Komatsu also advanced parts sales and service revenues. Reflecting improved selling prices in almost all regions of the world and the Japanese yen’s depreciation, sales increased from the corresponding period a year ago.
In the industrial machinery and others business, sales of the Excimer laser-related business remained strong, supported by expanding demand for semiconductors worldwide. With respect to presses, sheet-metal machines, and machine tools for the automobile manufacturing industry, sales of large presses declined in particular. As a result, sales of this business decreased from the corresponding period a year ago.
With respect to profits for the nine-month period under review, operating income surged by 54.9 percent from the corresponding period a year ago, to JPY 346.6 billion, reflecting improved selling prices and the Japanese yen's depreciation, which more than offset the adverse effects of increased prices of materials and logistics costs. The operating income ratio improved by 2.5 percentage points to 13.6 percent. Income before income taxes and equity in earnings of affiliated companies expanded by 51.5 percent to JPY 339.8 billion. Net income attributable to Komatsu climbed to JPY 231.9 billion, up 49.1 percent.
Source: Komatsu
About the Author
Frank Raczon
Raczon’s writing career spans nearly 25 years, including magazine publishing and public relations work with some of the industry’s major equipment manufacturers. He has won numerous awards in his career, including nods from the Construction Writers Association, the Association of Equipment Manufacturers, and BtoB magazine. He is responsible for the magazine's Buying Files.