Komatsu Ltd S/Adr (KMTUY) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Komatsu Ltd..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.116 This is Horikoshi, the CFO. I'll explain the summary of the financial results for Q1 00:00:04.116 -- 00:00:06.457 fiscal 2025. 00:00:07.240 -- 00:00:11.726 Page 4 shows the highlights for the first three-month period of fiscal 2025. 00:00:11.726 -- 00:00:14.610 The exchange rates are 145.5 yen to the U.S. 00:00:14.610 -- 00:00:16.392 dollar, 162.5 00:00:16.392 -- 00:00:20.678 yen to the euro, and 92.6 yen to the Australian dollar. 00:00:20.678 -- 00:00:24.262 Compared to the same period last year, the yen appreciated against the U.S. 00:00:24.262 -- 00:00:30.285 dollar, euro, and Australian dollar. Net sales decreased by 5.2% year-on-year 00:00:30.285 -- 00:00:35.930 to 909.5 billion yen and operating income decreased by 10.6% to 00:00:35.930 -- 00:00:39.094 140.4 billion yen. 00:00:39.094 -- 00:00:42.737 The operating income ratio was down by 1 point to 15.4%. 00:00:42.737 -- 00:00:44.737 Net 00:00:45.920 -- 00:00:51.045 sales and operating income decreased respectively despite the promotion of price increases 00:00:51.045 -- 00:00:55.470 due to the appreciation of the yen year-over-year as well as the decrease in sales volume 00:00:55.470 -- 00:01:00.405 and increasing costs. The impact of additional tariffs imposed by the U.S. 00:01:00.405 -- 00:01:05.292 in Q1 on tariff costs was minimal. 00:01:07.723 -- 00:01:11.492 Net income decreased by 16.9% year-on-year 00:01:11.492 -- 00:01:15.257 to 91.2 billion yen. 00:01:18.787 -- 00:01:22.250 On page 5, I'll talk about segment sales and profits. 00:01:22.250 -- 00:01:26.514 Net sales in the construction, mining, and utility equipment segment decreased by 5.5% 00:01:26.514 -- 00:01:30.897 from the corresponding period a year ago to 844.9 00:01:30.897 -- 00:01:35.480 billion yen. Segme...