Komatsu Lifts Forecast

February 1, 2011

Komatsu Ltd. raised its full-year earnings forecast after increasing demand in Asia helped third-quarter profit more than triple.

Net income climbed to 36.9 billion yen ($448 million) in the three months ended Dec. 31 from 10.16 billion yen a year earlier, the Tokyo-based company said in a statement. Sales rose 24 percent to 442.2 billion yen. Komatsu raised its full-year profit forecast by 17 percent to 140 billion yen.