Komatsu Ltd S/Adr (KMTUY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This is Horikoshi, the CFO. I will go through the overview of the business results for Q3 fiscal 24. On page 4 are highlights for Q3 on a three-month basis. Exchange rates were 148.8 yen to the dollar, 161.4 yen to the euro, and 99 yen to the Australian dollar. Year-on-year, the yen spent in against the dollar was but weakened against the Euro and Australian dollar. Net sales increased by 1.8% year-on-year to 989.2 billion yen, and operating income increased by 4% to 162.6 billion. The operating income ratio went up by 0.3 points to 16.4%. Net income increased by 9.7%, to 108.3 billion yen. Net sales and net income were third quarter record highs. Segment profit, operating income, and the operating income ratio were the highest ever for a quarter. On page five, I will go through segment sales and profits for Q3 on a three-month basis. Sales of construction, mining, and utility were 918.2 billion yen, broadly flat from the corresponding period a year ago. Segment profits decreased by 1.4% to 147 billion yen, and the segment profit ratio went down by 0.2 points to 16%. Retail finance sales increased by 11.1% year-on-year to 30.2 billion yen, and segment profits increased by 22.3% to 7 billion yen. Industrial machinery and others net sales increased by 7.5% year-on-year to 49.9 billion yen and segment profit increased by about 5.7 times year-on-year to 7.3 billion yen. I will explain the factors behind the changes in each segment later. Page six shows the sales by region in the construction, mining, and equipment segment For the three months of Q3, net sales in the construction mining equipment segment increased by 1.3% year-on-year to 916.1 billion yen. By region, sales increased in Oceania, where sales of mining equipment increased, and in Asia, where demand recovered...