JAPANESE

Renewing Record-High Quarter Sales and Profits -- Consolidated Business Results for Nine Months of the FY Ending March 31, 2008 (U.S.GAAP)

Komatsu Ltd. (President & CEO: Kunio Noji) announced today its business results for nine months of the fiscal year ending March 31, 2008.


Results for Nine Months of the Fiscal Year Ending March 31, 2008


Notes
1) Percentages shown in net sales, operating income, income from continuing operations before income taxes, minority interests and equity in earnings of affiliated companies and net income represent the rates of change compared with the corresponding nine months a year ago.
2) In accordance with Statement of Financial Accounting Standards No.144, "Accounting for the Impairment or Disposal of Long-Lived Assets," the consolidated statements of income for nine months ended December 31, 2006 have been retrospectively reclassified as for the discontinued operations.


Consolidated net sales for nine months of the fiscal year, ending March 31, 2008, increased 21.6% over the corresponding nine-month period a year ago, to ¥1,629.0 billion (US$14,290 million, at US$1=¥114). Operating income for nine months reached ¥241.4 billion (US$2,118 million), advancing 42.9% over the previous nine-month period. Both sales and operating income renewed record highs for all nine-month periods. The operating income ratio for nine months improved by 2.2 percentage points to 14.8%. Construction and Mining Equipment and Industrial Machinery, Vehicles and Others businesses continued to expand earnings.


Projections for the Fiscal Year Ending March 31, 2008 (Consolidated, From April 1, 2007 to March 31, 2008)

As of the date of this news release, no changes have been made to the projection of October 30, 2007. While the U.S. dollar is depreciating against the Japanese yen in light of the exchange rate which we anticipated, we are projecting more-than-anticipated sales, especially in emerging economies.
With respect to foreign exchange rates, which are preconditions for our projection of business results, we are assuming¥106 per US$1 and ¥156 per EUR1 on average for the fourth quarter (January through March 2008). For the full fiscal year, we have changed the earlier assumptions of ¥117 per US$1 and ¥159 per EUR1 to ¥114 and ¥162, respectively.

*For further information, please see the PDF file atached right above.

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

2008/01/30

KOMATSU Corporate Communications
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