Komatsu Ltd. ("Company") (President and CEO: Hiroyuki Ogawa) announces today that, at a meeting of its Board of Directors held on April 26, 2024, the Company decided to pay a dividend from retained earning with the record date of March 31, 2024 and propose this resolution to the 155th ordinary general meeting of shareholders. Details are as follows.
[Reason for the change of projected cash dividend]
Komatsu is building a sound financial position and is enhancing its competitiveness in order to increase its sustainable corporate value. Concerning cash dividends, Komatsu has the policy of continuing stable payment of dividends after comprehensively considering consolidated business results and reviewing future investment plans, cash flows and the like. Specifically, Komatsu has the policy of maintaining a consolidated payout ratio of 40% or higher.
Concerning cash dividends for the fiscal year under review, after considering consolidated business results for the fiscal year under review and future business prospects under its dividend policy, the Company is planning to increase the year-end common stock dividend per share by JPY 23 from the earlier projection of JPY 72 per share. As a result, the year-end cash dividend for the fiscal year under review should amount to JPY 95 per share. Annual cash dividends should total JPY 167 per share, including the interim cash dividend which has already been paid, and which shows an increase of JPY 28 per share from the previous fiscal year, ended March 31, 2023. Accordingly, the consolidated payout ratio will translate into 40.1%. This dividend amount will be proposed to the 155th ordinary general meeting of shareholders (scheduled for June 19, 2024).
Regarding the fiscal year, ending March 31, 2025, while consolidated net income is projected to decrease, the Company plans to pay JPY 167 per share, keeping the same amount from the fiscal year under review. The consolidated payout ratio should be translated into 45.5%.
No : 0010（3235）
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: +81-(0)3-6849-9703
mail: JP00MB_cc_department@global.komatsu
*The information may be subject to change without notice.
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26 April 2024 and is solely responsible for the information contained therein. Distributed by
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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. 
