Komatsu Ltd. : Notice of Retirement (Cancellation) of Repurchased Shares
January 23, 2012 at 12:37 pm IST
By
Share
Komatsu Ltd. (hereinafter "Company")
repurchased its own shares based on the resolutions made
by the Board of Directors in its meeting held on October
27, 2011 and in accordance with Article 156 of the
Companies Act of Japan as modified by Article 165,
Paragraph 3 of the Act. Having completed repurchasing,
the Company is going to retire repurchased shares
pursuant to Article 178 of the Companies Act of Japan as
listed below.
Notes
1. Type of shares to retire : Outstanding common stock of
Komatsu Ltd.
2. Number of shares to retire : 15,613,800 shares
(1.61% of total outstanding shares prior to retirement
excluding treasury stock)
3. Date of retirement : January 20, 2012
(end)
Information in the news releases is current on the date of
the announcement and is subject to change without notice.
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Komatsu Ltd. specializes in manufacturing and marketing of construction and mining operating materials. Net sales break down by family of products as follows:
- construction and mining operating materials (91.3%): hydraulic excavators, backhoe loaders, wheel loaders, graders, crawler excavators, forklifts, tunneling, bulldozers, forest tractors, etc.;
- other (6.6%): primarily industrial machines (grinders, press brakes, temperature control equipments, etc.).
The remaining sales (2.1%) are from financing activities.
Net sales are distributed geographically as follows: Japan (13.9%), China (4.7%), Asia and Oceania (21.4%), Americas (37.5%), Europe and CIS (15.7%), Africa and Middle East (6.8%).