Komatsu Ltd. today announced its consolidated business results for Three Months of the Fiscal Year Ending March 31, 2016 (U.S. GAAP). The highlights are described below.


1. Results for Three Months of the Fiscal Year Ending March 31, 2016 (FY2015)

For the first three-month period (April 1 - June 30, 2015) of the fiscal year ending March 31, 2016, consolidated net sales totaled JPY446.1 billion, down 3.1% from the corresponding period a year ago. In the construction, mining and utility equipment business, while Komatsu steadfastly captured demand for construction equipment in North America, Japan and some other advanced countries, the first three-month sales decreased from the corresponding period a year ago, as affected by declined sales of mining equipment against the backdrop of slack demand as well as drastically reduced demand in China and other emerging countries. In the industrial machinery and others business, while sales of machine tools to the automobile manufacturing industry decreased, the first three-month sales increased from the corresponding period a year ago, supported by expanded sales of GIGAPHOTON INC. against the background of high-rate machine utilization of the semiconductor industry.
With respect to profits, operating income decreased by 21.7% from the corresponding period a year ago, to JPY49.7 billion, as affected by reduced volume of sales of the construction, mining and utility equipment business, albeit the Japanese yen depreciated and Komatsu worked to improve selling prices. Operating income ratio translated into 11.1%, down 2.7 percentage points. Income before income taxes and equity in earnings of affiliated companies totaled JPY50.9 billion, down 17.0%. Net income attributable to Komatsu Ltd. amounted to JPY32.5 billion, down 13.7%.


2. Projections for the Fiscal Year Ending March 31 2016 (FY2015)

Komatsu makes no change in the projection of April 27 2015 concerning consolidated business results for the fiscal year ending March 31 2016.


Information in the news releases is current on the date of the announcement and is subject to change without notice.

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