JAPANESE

FY2004 Sales Renew the Record-High Figure

Consolidated Financial Highlights (For the fiscal years ended March 31, 2004 and 2003)


Notes
1) Consolidated financial information is prepared in accordance with generally accepted accounting principles (GAAP) in the United States of America.
2) The translation of Japanese yen amounts into US dollar amounts is included solely for convenience and has been made for the fiscal year ended March 31, 2004, at the rate of \104 to $1, the approximate rate of exchange at March 31, 2004.
3) Equity in earnings (losses) of affiliated companies:
March 31, 2004: 247 millions of yen
March 31, 2003: (786) millions of yen
4) The numbers of average common shares outstanding were as follows:
March 31, 2004: 992,483,580
March 31, 2003: 973,306,865
5) Accounting policies were not changed.
6) Net income per share above is based on the provisions of Statements of Financial Accounting Standards No.128, "Earnings per share"
7) Operating profit stated above is the sum of segment operating profit. The amount is consistent with the Japanese accounting principle by subtracting cost of sales and selling general and administrative expenses from net sales. This amount does not represent consolidated operating profit under U.S.GAAP.


Projections for the Fiscal Year Ending March 31, 2005(From April 1, 2004 to March 31, 2005)


Notes
1) Forecast of net income per share (basic): 37.28 yen
2) Refer to "Management Performance and Financial Conditions" for preconditions of the projections for the fiscal year ending March 31, 2005 above and other related issues.


For further information, please see the attached PDF file.


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

2004/05/07

KOMATSU Corporate Communications
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