Announcement: Revision of Projected Non-consolidated Business Results
January 31, 2017 at 02:59 am EST
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Komatsu Ltd. (hereinafter gCompanyh) (President and CEO: Tetsuji Ohashi) has revised the projection for non-consolidated business results for the fiscal year ending March 31, 2017, which the Company announced on April 27, 2016.
2. Reasons for the Revision
Because sales are higher than initially anticipated, mainly in China and CIS, the Company has revised its projection of April 27, 2016 for non-consolidated net sales and profits for the fiscal year, ending March 31, 2017 (From April 1, 2016 to March 31, 2017). Komatsu makes no change concerning the projection of April 27, 2016 for consolidated business results.
Cautionary Statement
The announcement set forth herein contains forward-looking statements which reflect management's current views with respect to certain future events, including expected financial position, operating results, and business strategies. These statements can be identified by the use of terms such as 'will,' 'believes,' 'should,' 'projects' and similar terms and expressions that identify future events or expectations. Actual results may differ materially from those projected, and the events and results of such forward-looking assumptions cannot be assured.
Factors that may cause actual results to differ materially from those predicted by such forward-looking statements include, but are not limited to, unanticipated changes in demand for Komatsu principal products, owing to changes in the economic conditions in Komatsu principal markets; changes in exchange rates or the impact of increased competition; unanticipated cost or delays encountered in achieving Komatsu objectives with respect to globalized product sourcing and new Information Technology tools; uncertainties as to the results of Komatsu research and development efforts and its ability to access and protect certain intellectual property rights; and, the impact of regulatory changes and accounting principles and practices.
Information in the news releases is current on the date of the announcement and is subject to change without notice.
Komatsu Ltd. published this content on 31 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 January 2017 07:59:09 UTC.
Original documenthttp://www.komatsu.com/CompanyInfo/press/2017013114470103996.html
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Komatsu Ltd. specializes in manufacturing and marketing of construction and mining operating materials. Net sales break down by family of products as follows:
- construction and mining operating materials (91.3%): hydraulic excavators, backhoe loaders, wheel loaders, graders, crawler excavators, forklifts, tunneling, bulldozers, forest tractors, etc.;
- other (6.6%): primarily industrial machines (grinders, press brakes, temperature control equipments, etc.).
The remaining sales (2.1%) are from financing activities.
Net sales are distributed geographically as follows: Japan (13.9%), China (4.7%), Asia and Oceania (21.4%), Americas (37.5%), Europe and CIS (15.7%), Africa and Middle East (6.8%).
KOMATSU LTD. 
