Komatsu 1st-Quarter 2013 Financial Results
Komatsu 1st-Quarter 2013 Sales by Market
Komatsu retains its financial-performance outlook for the fiscal year (ending March 31, 2014) despite a 3 percent drop in net sales for its first quarter to $4.6 billion and operating income of $529 million, 6 percent below the previous fiscal year's first quarter.
The company's quarterly financial report said reduced demand for construction equipment and mining equipment in Indonesia and reduced demand for mining equipment in Latin America was offset by expanded construction-equipment and parts sales mainly in Japan and the Middle East. Construction-equipment sales in China turned around, improving 1.7 percent.
Komatsu continues to expect nearly-9-percent growth in net sales to 2,050 billion yen, with operating income growing 44 percent to 305 billion yen.