Komatsu Revises Projections for Fiscal 2004

In view of its recent business performance and other factors, Komatsu Ltd. has revised the projections for fiscal 2004 (April 1, 2003 - March 31, 2004), which the Company announced on May 7, 2003 when it disclosed the business results for fiscal 2003, ended March 31, 2003. New revisions are presented below.

1. Reasons for the Revisions
For the mainstay business of construction and mining equipment, demand took on a note of recovery sooner than initially projected in the major markets of North America, Europe and Japan. In addition, demand for equipment is also expanding at a rate faster than earlier projected in China where infrastructure development is in full swing as well as in CIS where many resource and energy development projects are under way. Having built a lean and strong structure by carrying out the Reform of Business Structure project for the last few years, Komatsu is taking these market developments as a great opportunity to boost profits.
Based on these reasons above, Komatsu has revised both consolidated and non-consolidated business results for fiscal 2004, ending March 31, 2004, upward as follows.


2. New Revisions for Fiscal 2004

3. Results for the Interim Period of Fiscal 2004
The results for the interim period of fiscal 2004(April 1, 2003 - September 30, 2003) in comparison with the previous projection announced on May 7, 2003 are shown below.