Komatsu's net sales increased by nearly 181%

As at 31 March 2023KomatsuFor the first three months of the financial year (1 April to 30 June 2023), consolidated net profitsales revenueTotal: ¥899.6 billion, representing a year-on-year increase of 17.81% compared to the same period one year ago.

In the construction, mining and utility equipment business, althoughConstruction equipmentDemand has declined (primarily in Latin America and Europe), but demand in North America remains robust. Demand for mining equipment remains stable. Komatsu is committed to makingSupply chainDemonstrates a high degree of resilience to changes in the external environment, particularly through the utilisation of cross-procurement and the strengthening of multiple sourcing channels, while steadily capturing demand for new equipment.

Consequently, sales revenue increased compared to the same period last year, partly attributable to the expansion of parts sales and service income. This reflects higher utilisation rates of machinery, particularly mining equipment, alongside sales growth across most regions of the world.price increaseand the depreciation of the yen. Within the industrial machinery and other businesses, sales of presses, sheet metal machinery, machine tools and other equipment for the automotive manufacturing sector increased. Consequently, sales revenue rose compared with the same period last year.

For the first three months, operating revenue increased by 57.11% year-on-year to ¥147.0 billion. This was attributable to higher selling prices across most global regions and the depreciation of the yen, which sufficiently offset the adverse impact of rising material costs and fixed expenses. The operating income margin rose by 4.1 percentage points to 16.31%. Profit before income tax and equity in earnings of associated companies increased by 31.71% to ¥148.2 billion. Net profit attributable to Komatsu Ltd. rose by 31.01% to ¥105.4 billion.