Kobelco Construction Machinery announced their annual results for fiscal year 2014.
Consolidated net domestic sales were 121.8 billion yen (-11.9 percent year on year) and overseas sales were 189.2 billion yen (+5.2 percent year on year). The ratio of overseas sales to consolidated net sales increased year on year and was 60.8 percent.
The Kobelco Construction Machinery Group made steady progress in establishing sales networks in the Americas and Europe to which the group reentered in 2013 for the first time in 10 years.
In North America, housing construction and infrastructure development gradually recovered. Aggregate demand for heavy excavators increased year on year and that of mini excavators increased by 20 percent.
In Europe, demand began to recover after bottoming out, despite weakness in some areas. As a result, demand for heavy excavators slightly increased year on year and that of mini excavators increased by slightly over 10 percent.