Europe and North America lift Komatsu figures

Europe and North America lift Komatsu figures
Komatsu’s revenues for the nine months of the fiscal year ending on December 31 came in at JPY 1,437 billion (US$ 12.2 billion), a +3.4% increase on the same period last year. The company’s operating income for the three quarters was up +9.8% to JPY 182 billion (US$ 1.54 billion). Of its total revenues, some JPY 1,286 billion (US$ 10.9 billion) ...

Komatsu’s revenues for the nine months of the fiscal year ending on December 31 came in at JPY 1,437 billion (US$ 12.2 billion), a +3.4% increase on the same period last year. The company’s operating income for the three quarters was up +9.8% to JPY 182 billion (US$ 1.54 billion).

Of its total revenues, some JPY 1,286 billion (US$ 10.9 billion) came from its sales of construction, mining and utility equipment. This was a +2.8% increase on the same period last year. Operating income for the division came in at JPY 172 billion (US$ 1.46 billion), a +4.7% improvement.

Komatsu’s biggest increase in sales in absolute terms over the nine months was seen in North America, where revenues were up +12.7% to JPY 227 billion (US$ 1.93 billion). In percentage terms, Europe fared the best, with a +25.8% rise in sales to JPY 107 billion (US$ 910 million). There was also a useful +15.6% increase in sales to the Middle East, which took the regional total to JPY 42 billion (US$ 356 million).

On the downside, domestic revenues from Japan, Komatsu’s biggest single market, were down -0.4% to JPY 244 billion (US$ 2.08 billion). More significant was the -22.6% decline in sales in China, which took revenues to JPY 87 billion (US$ 737 million). There was also a -11.2% fall in sales in Oceania, taking the total to JPY 106 billion (US$ 898 million).

Overall, the company expects revenues for the fiscal year to the end of March to come in at JPY 1,925 billion (US$ 16.3 billion), a -1.5% decline on the previous year. However, operating income is expected to rise +6.0% to JPY 255 billion (US$ 2.16 billion).

Source: www.khl.com