Tag: Komatsu earnings

Dealers

Komatsu Q1 sales jump 44%, profit doubles in wake of Joy Global acquisition

The immediate impact of Komatsu’s acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global has been overwhelmingly positive as the Japanese equipment manufacturer has seen big sales and profit gains in the first quarter of the current fiscal year. According to the company’s FY 2018 Q1 earnings report, sales are up 44.2 percent to […]

August 11, 2017

Dealers

Komatsu profit falls 52% in 1Q on stronger Yen

Komatsu, the world’s second-largest construction equipment maker, reported a down first quarter where profit plummeted 52 percent as sales slumped. Profit fell to 15.5 billion yen ($151 million) while sales fell 13 percent to 389.2 billion yen ($3.8 billion). Construction, mining and utility equipment sales fell 12 percent to 345.1 billion yen ($3.4 billion) while […]

August 8, 2016

Business

Chinese, mining demand drags down Komatsu sales as profit falls 11% in first 9 months of the year

Komatsu says its sales are brisk in North America but continued difficulty with slack demand for equipment from Chinese customers and customers in the mining industry continue to drag down the company’s bottom line. The company reports sales of 1.37 trillion yen ($11.3 billion) for the first nine months of the fiscal year, which ends March 31. Sales are […]

February 2, 2016

Construction Equipment

Decline in sales sends Komatsu profit tumbling 20% in first half of 2015

A continued lack of global demand for mining equipment and “drastically reduced” demand in China have led to reduced sales and profit halfway through Komatsu’s 2015 fiscal year. The company, whose fiscal year ends March 31, reported sales of 892.4 billion Japanese yen ($7.2 billion), a decrease of 5.3 percent from the same period last year. […]

November 16, 2015

Business

Despite uptick in sales, Komatsu sees fiscal year 2014 profit fall 3.5%

Increased sales in developed countries combined with the depreciation of the Japanese yen against the dollar were able to boost Komatsu’s sales numbers in fiscal year 2014, but not enough to stave off a dip in profit. According to the company’s earnings report for fiscal year 2014, ending March 31, net sales increased 1.3 percent […]

April 27, 2015

Business

Komatsu profit up 5.5% in 3Q thanks to strong construction equipment sales in North America

Helped by a weakening of the yen against the U.S. dollar as well as increased equipment sales in the Americas and Europe, Komatsu posted gains in both profit and sales during its fiscal third quarter. For the quarter, which ended December 31, net sales increased 6.4 percent over Q3 2013 to $4.2 billion (494 billion yen). […]

January 28, 2015

Business

Despite slight dip in profit during first 6 months, Komatsu revises full-year forecast upward on “brisk” equipment sales

Sales and operating income at Komatsu are up during the first six months of the company’s fiscal year, but the increases weren’t enough to stave off a slight dip in profit. The Japanese heavy equipment manufacturer reported sales of $8.3 billion (942.5 billion Japanese Yen), during the first half of fiscal year 2o14, which ends […]

November 3, 2014

Business

Komatsu sees slight boost in sales and profit during 1Q

Komatsu announced today increases in both sales and profit during the company’s first quarter ending June 31. The company reported net sales of $4.5 billion (460.2 billion Japanese yen), up 1.1 percent from the first quarter of 2013. Operating income rose 21.1 percent to $621.7 million (63.4 billion Japanese yen). Profit for the company rose […]

July 29, 2014

Business

Komatsu sees profit jump 26% in FY 2013, but expects less demand in coming year

Komatsu says an increase in demand for construction equipment in Japan, China and other regions offset a low demand for mining equipment during fiscal year 2013 adding up to increases in sales and profit for the company. Nonetheless, the has lower expectations for 2014. For the fiscal year ending March 31, the company reported net […]

May 7, 2014

Business

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

Despite 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 […]

February 2, 2014