Komatsu profit up 26% in first 9 months due to increased demand for construction equipment

|  February 03, 2014 |

Komatsu logoDespite impact from a low demand for mining equipment, Komatsu saw increases in both sales and profits for the first nine months of its fiscal year.

The company reported net sales of $13.6 billion (1.38 trillion yen), up 3 percent over the same period in 2012. Operating income rose 10 percent to $1.6 billion (165.6 billion yen). The company’s fiscal year ends on March 31, 2014.

Profit for the company saw a huge increase, up 26.6 percent to $1.1 billion (115.3 billion yen).

The company attributes the gains to increased demand for construction equipment in Japan and China as well as other regions.

The Construction, Mining and Utility Equipment division saw net sales of $12.2 billion (1.25 trillion yen), an increase of 3.6 percent. The division scored a profit increase of 10.6 percent to $1.6 billion (164.1 billion yen).

Despite the increases, Komatsu has not made any changes to the projections for the full fiscal year it made in October. That outlook cut the forecast for profits by 26 percent year-over-year to $1.39 billion (136 billion yen) and decreased the forecast for net sales 9.3 percent to $19 billion (1.86 trillion yen).

Do you want some tips to stay safe on the job site?

Equipment World has created an entire section devoted to safety.

Click here to check it out. »

 

Here are the most recent tips we've posted:

Hauling headaches: Know your load limits when trailering equipment

One-man machines: The operator should be the only person on a wheel loader

advertisement
advertisement
advertisement
advertisement