Komatsu Ltd S/Adr (KMTUY) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.630 This is Horikoshi, the CFO. I'll explain the overview of Komatsu's business results 00:00:05.630 -- 00:00:08.573 for Fiscal 25 Q2. 00:00:09.548 -- 00:00:15.056 Page 4 shows highlights for the three months ended September 30, 2025. 00:00:15.056 -- 00:00:19.062 Exchange rates were 147.3 yen to the USD, 171.3 00:00:19.062 -- 00:00:23.268 yen to the euro, and 96 yen to the Australian dollar. 00:00:23.268 -- 00:00:27.974 Compared with the same period last year, the yen appreciated against the dollar and Australian 00:00:27.974 -- 00:00:31.520 dollar while depreciating against the euro. 00:00:31.520 -- 00:00:36.607 Net sales decreased by 2.6% year-on-year to 982.1 billion 00:00:36.607 -- 00:00:41.565 yen. Operating income decreased by 6.7% to 136.7 00:00:42.708 -- 00:00:44.691 billion yen. 00:00:44.691 -- 00:00:48.212 The operating income ratio was 13.9%, 00:00:48.495 -- 00:00:52.099 down 0.6 percentage points from the previous year. 00:00:52.099 -- 00:00:56.624 Net income attributable to Komatsu Limited decreased by 8.1% year-on-year 00:00:56.624 -- 00:00:59.427 to 84.5 billion. 00:00:59.427 -- 00:01:04.653 Page 5 presents the sales and segment profit of each business segment for Q2 00:01:04.653 -- 00:01:07.193 on a 3-month basis. 00:01:07.193 -- 00:01:08.956 In 00:01:08.956 -- 00:01:12.904 the construction, mining, and utility equipment segment, net sales decreased by 4.1% 00:01:12.904 -- 00:01:18.054 year-on-year to 897.3 billion, while segment profit decreased by 00:01:18.054 -- 00:01:20.755 11.8% to 119.7 00:01:21.260 -- 00:01:26.987 billion yen. The segment profit ratio declined by 1.2 points to 13.3%. 00:01:28.743 -- 00:01:35.169 The retail finance segment recorded net sales of 30.5 billion, down 2.5% year-on-year, 00:01:35.169 --...