Business Results for the First Quarter Period (April-June, 2013) of … · 2017. 9. 21. · 2 1Q...

1

1Q FY2013 Business Results

Business Results for the First Quarter Period

(April-June, 2013)

of FY2013 ending March 31, 2014

July 29, 2013

Akira Sugiki

Senior Executive Officer

General Manager, Business Coordination Department

Komatsu Ltd.

2


1. Sales and profits:

Highlights of the First Quarter of FY2013 (April-June 2013)

1Q FY2012 1Q FY2013 Change

Net sales 469.9 billion yen 455.1 billion yen (3.1)%

Operating income 55.7 billion yen 52.4 billion yen (5.9)%

Operating income ratio 11.9% 11.5% (0.4) pts

Net income＊ 32.1 billion yen 37.2 billion yen 16.1%

2. Review of two business segments:

Construction, Mining and Utility Equipment

Declined demand for construction equipment and mining equipment in Indonesia and reduced demand for mining

equipment in Latin America was compensated for by expanded sales of construction equipment mainly in

Japan and the Middle East as well as parts. However, sales and profits decreased from 1Q FY2012.

Industrial Machinery and Others

While sales of machine tools increased steadily to the automobile manufacturing industry in particular, those

of sheet metal and forging machinery, such as large presses, decreased. Sales and profits declined from 1Q

FY2012.

* “Net income” is equivalent to “Net income attributable to Komatsu Ltd.” in accordance with the FASB Accounting Standards Codification (ASC) 810.

- For the first quarter period under review (1Q FY2013), consolidated net sales decreased by 3.1% from the previous

first quarter a year ago (1Q FY2012), to JPY455.1 billion.

- Operating income declined by 5.9% to JPY52.4 billion, which translates into an operating income ratio of 11.5%, a

decrease of 0.4 percentage points.

- Net income increased by 16.1% to JPY37.2 billion.

3


Billions of yen

1Q FY2012 1USD=JPY80.6

1EUR=JPY104.6 1RMB=JPY12.8

1Q FY2013 1USD=JPY97.3

1EUR=JPY126.4 1RMB=JPY15.8

Change

Net sales 469.9 455.1 (14.7) (3.1)%

- Construction, mining & utility equipment

- Industrial machinery & others

[428.9] 429.7 [41.0] 43.0

[415.9] 416.6 [39.2] 40.3

[(13.0)] (13.1) [(1.7)] (2.7)

[(3.0)%] (3.1)% [(4.3)%] (6.3)%

- Elimination (2.9) (1.8) 1.0 -

Segment profit 55.2 52.5 (2.7) (4.9)%

- Construction, mining & utility equipment

- Industrial machinery & others

54.2 2.3

52.6 0.8

(1.5) (1.5)

(2.9)% (65.4)%

- Corporate & elimination (1.3) (0.8) 0.4 -

Other operating income (expenses) 0.4 (0.1) (0.5) -

Operating income 55.7 52.4 (3.3) (5.9)%

Other income (expenses) (4.4) (0.8) 3.6 -

Net income before income taxes 51.2 51.5 0.3 0.7%

Net income * 32.1 37.2 5.1 16.1%

12.6%

5.5%

11.8%

% : Profit ratio

11.9%

Sales and Profits for 1Q FY2013

Reduced demand for mining equipment was compensated for by expanded sales of construction equipment mainly in Japan and the Middle East, parts and machine tools for the automobile manufacturing industry. However, net sales decreased by 3.1% from 1Q FY2012, to JPY455.1 billion. Operating income declined by 5.9% to JPY52.4 billion.

[ ]: Sales after elimination of inter-segment transactions

* Upon adoption of ASC 810, “Net income” is equivalent to “Net income attributable to Komatsu Ltd.”

12.6%

2.0%

11.5%

11.5%

4


Middle

East

1%

Japan

15%

N.Amer ica

14%

Europe

7%China

10%

Oceania

10%

Africa

5%

CIS

5%

Latin

America

15%

Asia

18%

Construction, Mining & Utility Equipment: Sales by Region (to Outside Customers) for 1Q FY2013

Breakdown of sales

by region Traditional

Markets

36%

Strategic

Markets

64%


Traditional Markets

Japan 62.5 66.4 3.9 6.3%

North America 61.9 65.6 3.7 6.0%

Europe 27.9 30.4 2.5 9.2%

Strategic Markets

Latin America 63.3 59.4 (3.9) (6.2)%

CIS 21.9 18.5 (3.3) (15.4)%

China 40.7 41.4 0.6 1.7%

Asia 78.5 47.9 (30.5) (38.9)%

Oceania 44.3 47.3 3.0 6.9%

Middle East 5.2 13.6 8.3 159.7%

Africa 22.4 24.9 2.5 11.3%

Total 428.9 415.9 (13.0) (3.0)%

Mining equipment in total above 155.2 129.6 (25.6) (16.5)%

- Reduced demand for mining equipment in areas such as Indonesia and Latin America was compensated for by expanded sales of construction equipment mainly in Japan and the Middle East as well as parts. However, sales to outside customers decreased by 3.0% from 1Q FY2012, to JPY415.9 billion.

- Traditional Markets’ share in total sales grew to 39%, reflecting steady sales recorded in Japan, while sales declined in Asia, Latin America and CIS.

1Q

FY12

Billions of yen

Japan16%

N.America

16%

Eur ope7%Latin

Amer ica

14%

CIS5%

China10%

Asia12%

Oceania

11%

Middle

East3%

Afr ica6%

1Q

FY13

Strategic

Markets

61%

Traditional

Markets

39%

5


54.2 52.6

0

25

50

75

1Q FY12 1Q FY13

429.7 416.6

0

100

200

300

400

500

1Q FY12 1Q FY13

Positive factors

Negative factor

- Declined volume of sales resulting from reduced demand for mining equipment was compensated for mainly by improved selling

prices. However, sales declined by JPY13.1 billion from 1Q FY2012. Similarly, segment profit decreased by JPY1.5 billion.

- Segment profit ratio was 12.6%, remaining flat from 1Q FY2012.

JPY80.6/USD

JPY104.6/EUR

JPY12.8/RMB

(13.1) billion yen

JPY97.3/USD

JPY126.4/EUR

JPY15.8/RMB

12.6％ 12.6％

JPY80.6/USD

JPY104.6/EUR

JPY12.8/RMB

(1.5) billion yen

Segment profit ratio

Fixed costs

+1.7

JPY97.3/USD

JPY126.4/EUR

JPY15.8/RMB

Segment profit 1Q FY2012 vs. 1Q FY2013

Sales 1Q FY2012 vs. 1Q FY2013

Construction, Mining & Utility Equipment: Causes of Difference in Sales and Segment Profit for 1Q FY2013

Billions

of yen Billions

of yen

Selling

price

+5.3

Foreign

exchange

rate

+52.7

Volume, etc.

(71.1)

Selling

price

+5.3

Foreign

exchange

rate

+13.9

Volume, etc.

(22.4)

<Main factors>

- Asia: Construction, and mining equipment (40.0)

- Latin America: Mining equipment (12.0)

- China: Construction equipment (7.0)

Positive factors

Negative factors

6


8.8

2.3

0.8

0

10

20

0

5

10

1Q FY11 1Q FY12 1Q FY13

Industrial Machinery & Others: Sales and Segment Profit for 1Q FY2013

Breakdown of sales

While sales remained steady for machine tools, sales decreased of press and sheet-metal machinery, including large presses. As a result, sales declined by 6.3% to JPY40.3 billion from 1Q FY2012. Segment profit dropped by 65.4% to JPY 0.8 billion.


Komatsu Industries Corp., etc. [total of press and sheet-metal machines] 11.1 9.2 (1.9)

Komatsu NTC Ltd. [represented by wire saws]

15.2 [2.0]

16.7 [1.2]

1.5 [(0.7)]

Others [represented by Gigaphoton] [represented by Komatsu House]

16.6 [5.4] [3.6]

14.3 [6.2] [2.9]

(2.2) [0.7] [(0.7)]

Total 43.0 40.3 (2.7)

Billions of yen

60.5

43.0 40.3

0

20

40

60

80

1Q FY11 1Q FY12 1Q FY13

Sales Billions

of yen

：Segment profit ratio

14.6％

2.0％

5.5％

Segment profit Billions

of yen %

KFL2051 fiber laser cutting machine which

was launched by Komatsu Industries Corp. in

May 2013.

7


1. Assets

13.0

17.1

3.23.8

0

5

10

15

20

1Q FY12 1Q FY13

Revenues

Pretax income

2.Revenues

Retail Finance Business

Consolidated retail finance subsidiaries

North

America

Japan Europe

China

Others

Japan Europe

China

Others

Oceania Oceania

409.5

Total assets increased from June 30, 2012, mainly reflecting the Japanese yen’s depreciation and an

increase of new contracts in North America and Latin America.

June 30, 2012 June 30, 2013

548.5

Billions

of yen

JPY79.3/USD

JPY98.7/EUR

JPY12.6/RMB

JPY98.6/USD

JPY128.5/USD

JPY16.1/USD

JPY80.6/USD

JPY104.6/EUR

JPY12.8/RMB

JPY97.3/USD

JPY126.4/EUR

JPY15.8/RMB

524.9

Europe

China

Others

Oceania

Japan

Mar 31, 2013

JPY94.1/USD

JPY120.7/EUR

JPY15.2/RMB

North

America

North

America

Billions

of yen

8


Mar. 31, 2013 1 USD=JPY 94.1

1EUR=JPY 120.7 1RMB=JPY 15.2

June 30, 2013 1 USD =98.6yen 1EUR=128.5yen 1 RMB =16.1yen

Change

Cash & deposits (incl. time deposits) [a]

Accounts receivable (incl. long-term trade receivables)

<Excl. those of consolidated retail finance subsidiaries>

Inventories

Tangible fixed assets

Other assets

93.8

842.7

<414.3>

633.6

585.2

362.4

93.7

821.5

<387.5>

672.2

602.2

370.0

(0.0)

(21.1)

<(26.7)>

38.6

16.9

7.6

Total assets 2,517.8 2,559.9 42.0

Accounts payable 226.2 228.9 2.6

Interest-bearing debt [b] 679.7 693.5 13.7

<Excl. those of consolidated retail finance subsidiaries> <298.1> <298.2> <0.0>

Other liabilities 359.1 339.2 (19.8)

Total liabilities 1,265.1 1,261.6 (3.4)

[Shareholders’ equity ratio] Komatsu Ltd. shareholders’ equity

[47.4%] 1,193.1

[48.4%] 1,239.5

[+1.0pts.] 46.3

Noncontrolling interests 59.5 58.7 (0.7)

Liabilities & Equity 2,517.8 2,559.9 42.0

：Net debt-to-equity ratio

Billions of yen

Interest-bearing debt, net [b-a] 585.9 599.7 13.8

Net D/E ratio (excl. cash and interest-bearing debt of consolidated retail finance subsidiaries)

0.48 0.49

0.19 0.20

Consolidated Balance Sheets - Total assets increased by JPY42.0 billion from the previous fiscal year-end, mainly due to the Japanese yen’s depreciation.

- Komatsu Ltd. shareholders’ equity ratio increased by 1.0 point from the previous fiscal year-end, to 48.4% . Net debt-to-equity ratio improved to 0.48 points from the previous fiscal year-end.

9


+22%

+13%+16%

+13% +15%

-20% -20%

+45%

+5%

-7%

+4%

-60%

-40%

-20%

0%

20%

40%

60%

0

100,000

200,000

300,000

400,000

500,000

600,000

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

JapanN.AmericaEuropeChinaOthersY-O-Y growth rate

Construction & Mining Equipment: Demand and Outlook for 7 Major Products

Units Growth rate

Note: Estimated by Komatsu

Quarterly demand (7 major products) Annual demand (7 major products)

While demand for 7 major products increased in Japan and China, that in areas, such as Southeast Asia,

centering on Indonesia, and Oceania, dropped, resulting in a decrease of 2% from 1Q FY2012.

Initial

projection

Units Growth rate

100

80

64

92

97

Index :FY2007=100

91

94

10


Construction & Mining Equipment: Demand in Major Markets (1)Japan

- First-quarter demand continued to grow steadily, especially in reconstruction projects in the regions destroyed by the earthquake and tsunami, registering an increase of 28% from 1Q FY2012.

- We are expanding rental fleet, thereby meeting strong demand for rental equipment.

Units Construction investment

Trillion of yen

Demand for new equipment (7 major products) and construction investment

Demand for new

equipment/

Export of used

equipment (Units)

Quarterly demand for 7 major products

[Sources]Construction investment by the Ministry of Land, Infrastructure, Transport & Tourism, and

Research Institute of Construction and Economy

Demand for 7 major products and No. of exported used equipment estimated by Komatsu

Y-O-Y

growth rate

Initial

projection 0

2,000

4,000

6,000

8,000

FY09/1Q

2Q

3Q

4Q

FY10/1Q

2Q

3Q

4Q

FY11/1Q

2Q

3Q

4Q

FY12/1Q

2Q

３Q

4Q

FY13/1Q

一

+22％

Units

Rental

Regular

Komatsu Group rental company

Regular customers Independent rental companies Y-O-Y

growth rate

+33％

Property bubble

Demand

for new

equipment

Exports of used

equipment

Used equipment

bubble

0

4,000

8,000

12,000

16,000

-100%

-75%

-50%

-25%

0%

25%

50%

75%

100%

FY07/1Q

2Q

3Q

4Q

FY08/1Q

2Q

3Q

4Q

FY09/1Q

2Q

3Q

4Q

FY10/1Q

2Q

3Q

4Q

FY11/1Q

2Q

3Q

4Q

FY12/1Q

2Q

3Q

4Q

FY13/1Q

Demand (units)Y-O-Y growth rate

100 97

74

34 45

Index :FY07/1Q=100

30

75

Quarterly demand for hydraulic excavators (Rental & regular uses)

1Q FY2013: +28% Y-O-Y

11


20,000

30,000

40,000

50,000

60,000

70,000

80,000

0

50

100

150

200

250

Housing starts Demand for major 7 products

- While first-quarter demand continued to advance in the housing and energy development sectors, overall demand declined by 2% from 1Q FY2012 due to reduced demand in the mining and rental industries.

-To meet steady demand in residential and non-residential construction, we are continuing to strengthen our distributors’ rental business according to our strategy. We are also promoting smooth market introduction of Machine Control dozers launched in June this year.

0

10,000

20,000

30,000

0%

20%

40%

60%

FY05:1

Q2Q

3Q

4Q

FY06:1

Q2Q

3Q

4Q

FY07:1

Q2Q

3Q

4Q

FY08:1

Q2Q

3Q

4Q

FY09:1

Q2Q

3Q

4Q

FY10:1

Q2Q

3Q

4Q

FY11:1

Q2Q

3Q

4Q

FY12:1

Q2Q

3Q

4Q

FY13:1

Q

Demand (units) Y-O-Y growth rate

Index : FY05/1Q=100

Units

100

69 100

72

38

86 70

35 53

Housing starts

in ten thousands

[Source]:Housing starts (calendar year) by U.S. Department of Commerce

Demand for 7 major products estimated by Komatsu

Demand for 7 major products and US housing starts

FY

Demand for 7

major products

(Units)

Quarterly demand for 7 major products

Growth

rate

1Q FY12 1Q FY13

22%

17%

13%

37%

11%

19%

18%

12%

41%

10%

Breakdown of demand by segment (Unit basis)

Construction

Road

Mining & energy

Others

Rental

Y-O-Y

growth rate

+5%

-15%

Rental

Non-rental

Construction & Mining Equipment: Demand in Major Markets (2) N. America

D61PXi medium-sized Machine Control

dozer features full automatic blade

control.

Initial

projection

1Q FY2013: -2% Y-O-Y

12


0

5,000

10,000

15,000

4 5 6 7 8 9 10 11 12 1 2 3

FY13 projection

FY12

FY11

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

FY07:1

Q

2Q

3Q

4Q

FY08:1

Q

2Q

3Q

4Q

FY09:1

Q

2Q

3Q

4Q

FY10:1

Q

2Q

3Q

4Q

FY11:1

Q

2Q

3Q

4Q

FY12:1

Q

2Q

3Q

4Q

FY13:1

Q

Indonesia Thailand

Malaysia Others

- In China, first-quarter demand improved by 10% from 1Q FY2012, upturning for growth after two years.

- In Southeast Asia, first-quarter demand dropped by 22% from 1Q FY2012, reflecting a high level of Indonesian

demand registered in 1Q FY2012.

Month

Growth rate

Units China: Monthly demand for hydraulic excavators

（Foreign makers: Total of 6-ton and larger models)

Units

Jan 31, 2014

Feb 10, 2013

Jan 23, 2012

Feb 3, 2011

＜Chinese New Year＞

China

Units

Southeast Asia

Construction & Mining Equipment: Demand in Major Markets (3) Strategic Markets (China, SE Asia)

Growth rate

Note: Demand estimated by Komatsu

0

10,000

20,000

30,000

40,000

50,000

-50%

0%

50%

100%

150%

200%

250%

FY0

7:1

Q

2Q

3Q

4Q

FY0

8:1

Q

2Q

3Q

4Q

FY0

9:1

Q

2Q

3Q

4Q

FY1

0:1

Q

2Q

3Q

4Q

FY1

1:1

Q

2Q

3Q

4Q

FY1

2:1

Q

2Q

3Q

4Q

FY1

3:1

Q

Demand (units)

Y-O-Y growth rate

100 114

224

191

117 101

Index ：1Q FY07=100

1Q FY2013: +10% Y-O-Y

112

100

148

80

166 214

263

1Q FY2013: -22% Y-O-Y

205

-60%

-40%

-20%

0%

20%

40%

60%

80%

FY11 1Q

2Q 3Q 4Q FY12 1Q

2Q 3Q 4Q FY13 1Q

Indonesia

Other SE Asian countries

SE Asia total

Quarterly demand for 7 major products Quarterly demand for 7 major products

<Y-O-Y growth rate>

Index :1Q FY07=100

13


105.0 113.0

118.0 138.5

158.0 171.5

201.0

43.0 49.2

154.5 152.0

120.0

141.5

159.0

148.0

182.0

37.3 45.2

0

100

200

300

400

'07 '08 '09 '10 '11 '12 '13 '12

1Q

'13

1Q

Construction

Mining238.0

280.0

317.0

265.0

319.5

383.0

259.5

Sales of parts

[+2%]

[-10%]

[+18%]

[+13%] [+1%]

[+20%]

FY

80.3

94.4

[-16.5%]

[+17.6%]

- We are estimating that mining equipment sales will decline from FY2012, mainly reflecting factors, such as reduced capital investment by mining customers against the backdrop of falling commodity prices.

- We are projecting that sales of parts will increase, reflecting an increase of our machine population.

Construction, Mining & Utility Equipment: Sales of Mining Equipment and Parts

Billions of yen

[ ]: Y-O-Y growth rate

Initial projection

FY

[+25%]

[-14%]

[+15%]

[+33%]

356.5

422.0

361.5

292.0

417.0

554.0

125.5

[+22%]

[+18%]

[ ]: Y-O-Y growth rate [+11%] 614.5

[-1%] 606.0

Billions of yen

Initial projection

155.2 129.6

171.5 201.0

443.0 405.0

43.0 49.2

112.3 80.3

614.5 606.0

Sales of mining equipment (incl. parts and service)

[+11%] [-1%]

Parts

Equipment, service &

others

Initial projection

14


Appendix

15


54.0 49.8 58.8 60.1

68.3 64.5

58.8 64.5

55.7 55.5

39.2

61.1 52.4

12.1% 12.1%13.3%

11.1%

13.8%13.1% 12.7%

12.1% 11.9% 12.1%

9.3%

11.4% 11.5%

0

20

40

60

80

100

120

FY10:1Q 2Q 3Q 4Q FY11:1Q 2Q 3Q 4Q FY12:1Q 2Q 3Q 4Q FY13:1Q 2Q 3Q 4Q

Segment profit


-2.7 -3.6 -2.9 -3.9 -3.0 -3.9 -3.0 -3.6 -2.9 -2.5 -2.1 -3.2 -1.8

405.6 358.9 383.8

469.5 436.6 419.7 412.6 475.2

429.7 409.3 368.4

471.9 416.6

44.257.3

61.2

75.560.5 75.8

53.0

61.6

43.0 54.1

53.4

65.6

40.3

0

100

200

300

400

500

600


Industrial Machinery & OthersConstruction, Mining & Utility EquipmentElimination

<Appendix>

Quarterly Sales and Operating Income

Quarterly sales

*1 Including adverse effects of 7.0 billion yen from the earthquake disaster

*1

Quarterly operating income

USD

EUR

RMB

1Q FY13 2Q FY13 3Q FY13 4Q FY13

97.3 yen

126.4 yen

15.8 yen

1Q FY10 2Q FY10 3Q FY10 4Q FY10

91.3 yen 85.0 yen 82.2 yen 82.3 yen

114.8 yen 111.5 yen 110.4 yen 113.8 yen

13.4 yen 12.6 yen 12.4 yen 12.5 yen

1Q FY11 2Q FY11 3Q FY11 4Q FY11

81.2 yen 77.1 yen 77.9 yen 79.8 yen

118.3 yen 108.7 yen 104.9 yen 106.3 yen

12.5 yen 12.1 yen 12.3 yen 12.7 yen

1Q FY12 2Q FY12 3Q FY12 4Q FY12

80.6 yen 78.7 yen 80.1 yen 90.7 yen

104.6 yen 98.3 yen 103.5 yen 120. 1yen

12.8 yen 12.4 yen 12.8 yen 14.6 yen

Exchange rates

Billions

of yen

Billions

of yen

447.1 412.6 442.2

541.1 494.1 491.6

462.6

533.2

469.9 460.9 419.7

534.4

455.1

16


405.6358.9

383.8

469.5436.6 419.7 412.6

475.2429.7 409.3

368.4

471.9416.6

0

100

200

300

400

500

600


USD

EUR

RMB

1Q FY13 2Q FY13 3Q FY13 4Q FY13

97.3 yen

126.4 yen

15.8 yen

1Q FY10 2Q FY10 3Q FY10 4Q FY10

91.3 yen 85.0 yen 82.2 yen 82.3 yen

114.8 yen 111.5 yen 110.4 yen 113.8 yen

13.4 yen 12.6 yen 12.4 yen 12.5 yen

1Q FY11 2Q FY11 3Q FY11 4Q FY11

81.2 yen 77.1 yen 77.9 yen 79.8 yen

118.3 yen 108.7 yen 104.9 yen 106.3 yen

12.5 yen 12.1 yen 12.3 yen 12.7 yen

1Q FY12 2Q FY12 3Q FY12 4Q FY12

80.6 yen 78.7 yen 80.1 yen 90. yen

104.6 yen 98.3 yen 103.5 yen 120.1 yen

12.8 yen 12.4 yen 12.8 yen 14.6 yen

<Appendix>

Construction, Mining & Utility Equipment: Quarterly Sales and Segment Profit

Quarterly sales

Quarterly segment profit

Billions

of yen

Billions

of yen

Exchange

rates

54.2 48.0

54.0 64.4 60.8 59.2 58.8

67.3

54.2 55.3

38.8

60.5 52.6

13.4% 13.4%14.1% 13.7% 13.9% 14.1% 14.3% 14.2%

12.6%13.5%

10.5%

12.8% 12.6%

0

20

40

60

80

100

120


Segment profit


17


54.4 62.9 69.6 64.5 61.4 67.6 78.0 79.2 62.5 69.8 76.0 84.2

66.4

41.0 42.1

48.6 52.7 55.1 61.7

55.2 65.5

61.9 63.9 56.0

94.4

65.6 26.8

21.8 24.3 31.4 31.5

29.2 29.1 30.6

27.9 23.0 22.8

26.5

30.4 57.2 49.842.7

52.3 50.949.4 48.9

55.7

63.369.3 62.9

63.5

59.412.7 10.2 16.7

19.6 21.9 16.6 18.5

22.5 21.9

19.2 24.4

23.8

18.5 98.4

54.3

67.2

114.2

75.4 38.8 35.5

51.4

40.7 21.7 20.4

36.9

41.4

63.1

61.0

60.2

68.5

74.8

81.0 79.4

84.0

78.5

52.4 34.7

52.3

47.9

29.8

27.8

28.9

34.8

34.2

37.9 38.5

51

44.3

54.8

43.5

50.2

47.3

9.4

11.8

6.6

14.9

11.0

10.0 7.2

8.1

5.2

9.0

4.4

10.9

13.6 11.9

16.2

17.9

15.4

18.5

25.6 20.5

25.7

22.4

25.1

22.2

28.2

24.9

0

100

200

300

400

500


USD

EUR

RMB

1Q FY13 2Q FY13 3Q FY13 4Q FY13

97.3 yen

126.4 yen

15.8 yen

1Q FY10 2Q FY10 3Q FY10 4Q FY10

91.3 yen 85.0 yen 82.2 yen 82.3 yen

114.8 yen 111.5 yen 110.4 yen 113.8 yen

13.4 yen 12.6 yen 12.4 yen 12.5 yen

1Q FY11 2Q FY11 3Q FY11 4Q FY11

81.2 yen 77.1 yen 77.9 yen 79.8 yen

118.3 yen 108.7 yen 104.9 yen 106.3 yen

12.5 yen 12.1 yen 12.3 yen 12.7 yen

1Q FY12 2Q FY12 3Q FY12 4Q FY12

80.6 yen 78.7 yen 80.1 yen 90.7 yen

104.6 yen 98.3 yen 103.5 yen 120.1 yen

12.8 yen 12.4 yen 12.8 yen 14.6 yen

Billions

of yen

405.2

358.4

383.2

468.7

435.3

418.3 411.4

474.2

428.9 408.7

367.9

471.3

<Appendix>

Construction, Mining & Utility Equipment: Quarterly Sales (To Outside Customers) by Region

Exchange

rates

Africa

Middle

East

Oceania

Asia

China

CIS

Latin

America

Europe

N. America

Japan

415.9

18


44.2

57.3 61.2

75.5

60.5

75.8

53.0

61.6

43.0

54.1 53.4

65.6

40.3

0

25

50

75

100


Quarterly sales Billions

of yen

Quarterly segment profit

USD

EUR

RMB

1Q FY13 2Q FY13 3Q FY13 4Q FY13

97.3 yen

126.4 yen

15.8 yen

1Q FY10 2Q FY10 3Q FY10 4Q FY10

91.3 yen 85.0 yen 82.2 yen 82.3 yen

114.8 yen 111.5 yen 110.4 yen 113.8 yen

13.4 yen 12.6 yen 12.4 yen 12.5 yen

1Q FY11 2Q FY11 3Q FY11 4Q FY11

81.2 yen 77.1 yen 77.9 yen 79.8 yen

118.3 yen 108.7 yen 104.9 yen 106.3 en

12.5 yen 12.1 yen 12.3 yen 12.7 yen

1Q FY12 2Q FY12 3Q FY12 4Q FY12

80.6 yen 78.7 yen 80.1 yen 90.7 yen

104.6 yen 98.3 yen 103.5 yen 120.1 yen

12.8 yen 12.4 yen 12.8 yen 14.6 yen

2.0

4.0

7.2 7.5

8.8

6.2

1.5 0.0

2.3

0.9 0.5

2.3

0.8

4.6%

7.2%

11.9%10.0%

14.6%

8.3%

3.0%0.1%

5.5%

1.7% 1.0%

3.7%2.0%

0

5

10

15


Segment profitSegment profit ratio

<Appendix>

Industrial Machinery & Others: Quarterly Sales and Segment Profit

Billions

of yen

Exchange

rates

19


This presentation sheets contain forward-looking statements that reflect management’s views and assumptions in the light of information

currently available 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,” “plans,” “expects,” 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. Any forward-looking statements speak only as of the date of this

presentation sheets, and Komatsu assumes no duty to update such statements.

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 the Company’s principal products, owing to changes in the economic conditions in the

Company’s principal markets; changes in exchange rates or the impact of increased competition; unanticipated costs or delays encountered

in achieving the Company’s objectives with respect to globalized product sourcing and new information technology tools; uncertainties as to

the results of the Company’s research and development efforts and its ability to access and protect certain intellectual property rights; the

impact of regulatory changes and accounting principles and practices; and the introduction, success and timing of business initiatives and

strategies.

Business Coordination Department, KOMATSU LTD.

TEL: +81-3-5561-2687

FAX: +81-3-3582-8332

http://www.komatsu.com/

D61PXi-23 medium-sized bulldozer which features

the world's first* full automatic blade control

* Based on Komatsu's research concerning seven major products, i.e., crawler-type

hydraulic excavator, wheel-type hydraulic excavator, wheel loader, bulldozer, motor

grader, rigid dump truck and articulated dump truck

Cautionary Statement

Business Results for the First Quarter Period (April-June, 2013) of … · 2017. 9. 21. · 2 1Q...

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