JAPANESE

Dissolution and Liquidation of a Subsidiary

Komatsu Ltd. will hereby notify that it has decided to dissolve Komatsu Artec Ltd., its consolidated subsidiary.

Note


1. 1.Outline of Komatsu Artec Ltd.

Date of Founding September 1, 1983
Location Komatsu-shi, Ishikawa, Japan
President Yasuo Suzuki
Capitalization 90 million yen(As of March 31, 2004)
Main Business Installation, inspection, repair of metal working machinery
Number of Employees 99 (As of May 31, 2004)
Ownership Komatsu 100%

Recent Performances and Finances


(in millions of yen)


2. Background of Dissolution

To improve the efficiency of the group-wide business activities, Komatsu Ltd. has decided to dissolve Komatsu Artec Ltd., its wholly-owned subsidiary, which delivers overlapping services with the Company.


3. Schedule

Dissolution and liquidator of the aforesaid subsidiary will be resolved at its extra general meeting of shareholders on September 30, 2004.
Liquidation will be completed in March 2005.


4. Effect on Komatsufs Business Results

Minor impact of the liquidation is expected on the Companyfs business results for the fiscal year ending March 31, 2005.

(end)


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

2004/06/16

KOMATSU Corporate Communications
TEL: 03(5561)2616