Komatsu Ltd - Consolidated business results for the fiscal year ended March 31, 2026 (U.S. GAAP)

Komatsu Ltd. today announced its consolidated business results for the fiscal year ended March 31, 2026 (U.S. GAAP). The highlights are described below.

In the following, 'the Company' expresses Komatsu Ltd. on a non-consolidated basis, while 'Komatsu', on a consolidated basis.

Results for the fiscal year ended March 31, 2026(FY2025)

For the fiscal year under review (April 1, 2025 - March 31, 2026), consolidated net sales totaled JPY 4,132.8 billion, an increase of 0.7% from the previous fiscal year. In the construction, mining and utility equipment business, despite a reduction in sales volume, sales increased from the previous fiscal year, mainly supported by improved selling prices. In the industrial machinery and others business, sales increased from the previous fiscal year, supported primarily by increased sales of large presses for the automobile manufacturing industry and increased maintenance revenues in the excimer laser-related business for the semiconductor industry.

With respect to profits for the fiscal year under review, despite our efforts to improve selling prices in the construction, mining and utility equipment business, profits decreased, primarily due to a cost increase and a decrease in sales volume. By contrast, in the retail finance and industrial machinery and others business, profits increased. As a result, operating income decreased by 13.7% from the previous year to JPY 567.3 billion. The operating income ratio decreased by 2.3 percentage points from the previous fiscal year to 13.7%. Income before income taxes and equity in earnings of affiliated companies decreased by 11.2% from the previous fiscal year to JPY 537.3 billion. Net income attributable to Komatsu Ltd. decreased by 14.4% from the previous fiscal year to JPY 376.4 billion.

Projections for the fiscal year ending March 31, 2027(FY2026)

In the construction, mining and utility equipment business, while Komatsu anticipates an improvement in selling prices, sales are projected to decrease due to a decline in demand in certain regions affected by the situation in the Middle East, as well as a decrease in demand for mining equipment. With respect to profit, while Komatsu continues to make efforts to improve selling prices and reduce costs, segment profit is projected to decrease due to rising costs, including the impact of U.S. tariff policies, as well as higher fixed costs and lower sales.

In the retail finance business, while Komatsu projects an increase in revenues, supported by increased interest income resulting from an increase in outstanding receivables, segment profit is projected to decrease mainly due to an increase in costs.

In the industrial machinery and others business, Komatsu anticipates an increase in sales but a decrease in segment profit, as sales for the semiconductor industry are projected to increase, supported by customers' increased production against a backdrop of market recovery, while sales for the automotive industry are expected to decline due to decreased sales of large presses and automotive battery manufacturing equipment and increased costs.

As a result, Komatsu projects a decrease in both consolidated sales and profits for the fiscal year ending March 31, 2027.

As preconditions for its projection, Komatsu is assuming the foreign exchange rates will be as follows: USD1=JPY 150.0, EUR1=JPY 174.0, and AUD1=JPY 106.0.

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