Komatsu net sales up nearly 18%

As of March 31, 2023KomatsuFor the first three months of the fiscal year (April 1 to June 30, 2023), consolidated nettotal income from salesIt totaled 899.6 billion yen, up 17.81 TP3T from a year ago.

In the construction, mining and utility equipment business, while theConstruction equipmentdemand declined (mainly in Latin America and Europe), but demand in North America remained firm. Demand for mining equipment was stable. Komatsu is committed to makingsupply chainsHigh degree of resilience to changes in the external environment, particularly through the use of cross-purchasing and enhanced multi-purchasing, and steadily capturing the demand for new equipment.

As a result, sales increased compared to the same period last year, partly due to the expansion of parts sales and service revenues, reflecting higher machine utilization centered on mining equipment, sales in most regions of the worldprice inflationand the depreciation of the yen. In the industrial machinery and other business, sales of presses, sheet metal machines, and machine tools used in the automobile manufacturing industry increased. As a result, sales increased compared with the same period last year.

In terms of profit for the first three months, operating income rose 57.11 TP3T year-on-year to 147 billion yen. This was supported by higher sales prices in most parts of the world and the depreciation of the yen, which more than offset the unfavorable impact of higher material prices and fixed costs. The operating income ratio rose 4.1 percentage points to 16.31 TP3 T. Income before income taxes and equity earnings of affiliated companies increased by 31.71 TP3 T to 148.2 billion yen. Net income attributable to Komatsu Corporation increased 31.0% to 105.4 billion yen.