Komatsu today announced business results for nine months of the fiscal year ending March 31, 2005.
Consolidated net sales for the period advanced 21.5% over the previous corresponding period, to ¥ 1,034.7 billion. Operating profit for the period improved 70.3%, to ¥ 70.8 billion, while net income made a solid gain of 154.5%, to ¥ 41.7 billion. These figures represent expanded sales and profits for three consecutive 9-month periods.
While registering sizable growth in sales in its mainstay business of construction and mining equipment, Komatsu successfully expanded business results of the industrial machinery, vehicles and other operations as well as the electronics business. As a result, all its business segments achieved increases in both sales and profits.
Concerning consolidated business results for the fiscal year, ending March 31, 2005, we are pleased to report that our projections announced on November 4, 2004 remain sound and in effect today.
1. Results for Nine Months of the Fiscal Year Ending March 31, 2005
|
Home > Press Release > Komatsu Posts Up 70% for Operating Profit and More Than Doubled Net Income for Nine Months ended Dec. 31, 2004 |
 |
Komatsu Posts Up 70% for Operating Profit and More Than Doubled Net Income for Nine Months ended Dec. 31, 2004
(1) Consolidated Financial Results (Amounts are rounded to the nearest million yen)
Notes:
1) Percentages shown in net sales, operating profit, income before income taxes and net income represent the rates of change compared with the corresponding nine months a year ago.
2) Operating profit stated hereafter is the sum of segment profit (net sales less cost of sales and selling, general and administrative expenses). It conforms to Japanese accounting principles, and does not represent consolidated operating profit under U.S.GAAP.
(2) Consolidated Financial Position
2. Projection for the Full Fiscal Year ending March 31, 2005
(From April 1, 2004 to March 31, 2005)
Projected net income per share (Basic) ¥ 50.45
*Announced on November 4, 2004
For further information, please see the PDF file attached top right-hand corner of this page.
* Cautionary Statement
The announcement set forth herein contains forward-looking statements which reflect management's current views 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" 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.
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 cost 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; and, the impact of regulatory changes and accounting principles and practices.
Information in the news releases is current on the date of the announcement and is subject to change without notice.
Full Data (PDF)
Terms and Conditions