Komatsu Ltd
TSE:6301

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Komatsu Ltd
TSE:6301
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Price: 5 035 JPY -1.66% Market Closed
Market Cap: 4.8T JPY

Komatsu Ltd
Investor Relations

Komatsu Ltd., founded in Japan in 1921, has evolved from a small repair shop to a global titan in the field of heavy equipment and industrial machinery. Originally part of the Takeuchi Mining Company, Komatsu carved its own path by developing its machinery, gradually expanding its portfolio beyond mining equipment to include a comprehensive array of construction, forestry, and industrial equipment. The company’s commitment to innovation and quality has anchored its reputation, enabling it to traverse the turbulent economic landscapes of the 20th century and emerge as a leader in equipment manufacturing. Today, Komatsu operates globally, with manufacturing plants in multiple continents, offering a range of products such as hydraulic excavators, bulldozers, and forklifts. These machines are best known for their durability and technological advances, which frequently incorporate automation and sustainability-focused features.

Revenue generation at Komatsu is multifaceted. Primarily, it stems from the sale of heavy machinery, which is used across varied sectors such as construction, mining, agriculture, and forestry. However, it's not just the large upfront sales that drive Komatsu's financial engine. The company has cultivated a robust after-sales service network that includes maintenance, repair services, and spare parts supply, establishing steady revenue streams that persist long after the initial sale. Furthermore, Komatsu invests heavily in research and development, reflecting a commitment to innovation that not only enhances product offerings but also creates additional value through revenue-sharing technologies like automated systems and IoT solutions embedded in their machinery. This diversified approach enables Komatsu to navigate the challenges of fluctuating market demands and economic conditions, maintaining its position as a pillar in the heavy machinery industry.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Jul 29, 2025
AI Summary
Q1 2026

Sales & Profit Decline: Net sales fell 5.2% year-on-year to JPY 909.5 billion, and operating income dropped 10.6% to JPY 140.4 billion, hurt by yen appreciation, lower volumes, and rising costs.

Segment Trends: Construction, Mining & Utility Equipment sales and profit both declined, while Retail Finance and Industrial Machinery saw strong profit growth despite lower or flat sales.

Tariff Impact: Tariff costs are lower than previously forecast, but steel and aluminum tariffs have increased, and management is watching the evolving trade environment closely.

Regional Weakness: Demand fell in North America (mining), Japan, and Indonesia, while Europe and Latin America were more stable or positive, especially for copper-related business.

Guidance Unchanged: Full-year forecasts for revenue, profit, and demand remain unchanged despite Q1 headwinds, as price increases and some FX gains are expected to help offset weaknesses.

Pricing Actions: Komatsu is initiating further price increases from August, aiming for over JPY 10 billion impact, with no significant negative effect on sales volumes anticipated.

Mining Outlook: Mining equipment demand is solid outside Indonesia, with a new large contract signed in the Middle East and strong copper-related opportunities in Latin America.

Key Financials
Net Sales
JPY 909.5 billion
Operating Income
JPY 140.4 billion
Operating Income Ratio
15.4%
Net Income
JPY 91.2 billion
Construction, Mining & Utility Equipment Net Sales
JPY 844.9 billion
Construction, Mining & Utility Equipment Segment Profit
JPY 122.3 billion
Construction, Mining & Utility Equipment Segment Profitability
14.5%
Retail Finance Sales
JPY 30.4 billion
Retail Finance Segment Profit
JPY 9.4 billion
Industrial Machinery & Others Sales
JPY 43.5 billion
Industrial Machinery & Others Segment Profit
JPY 7.2 billion
Industrial Machinery & Others Segment Profit Ratio
16.6%
Total Assets
JPY 5,846.2 billion
Inventory Assets
JPY 1,500.7 billion
Equity Ratio
53.1%
Net D/E Ratio
0.29x
Mining Equipment Sales (Q1 FY 2025)
JPY 406.3 billion
Parts Sales (Q1 FY 2025)
JPY 241.9 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Hiroyuki Ogawa
President, CEO & Representative Director
No Bio Available
Mr. Takeshi Horikoshi
CFO, Senior Executive Officer of Senmu & Representative Director
No Bio Available
Ms. Mitsuko Yokomoto
Senior Executive Officer Supervising Human Resources, Education & Sustainability and Director
No Bio Available
Mr. Taisuke Kusaba
Senior Executive Officer, CTO & President of Development Division
No Bio Available
Ryo Asahara
Executive Officer & President of Information Strategy Division
No Bio Available
Koichi Honda
Sr Exec Off Superv.Legal, GenAffairs, Comp, Safety, HealthCare, Brand Strat & GM, Eco. Str. Res. Ctr
No Bio Available
Chizuko Yamashita
General Manager of Corporate Communications Department & Sustainability Promotion Division
No Bio Available
Keiko Fujiwara
Senior Executive Officer & President of Construction Equipment Solution Division
No Bio Available
Mr. Chikashi Shike
Executive Officer & President of Smart Construction Promotion Division
No Bio Available
Korekiyo Yanagisawa
Senior Executive Officer & President of Production Division
No Bio Available

Contacts

Address
TOKYO-TO
Minato-ku
2-3-6, Akasaka
Contacts
+81355614711.0
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