Komatsu Ltd. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 31, 2017 at 08:30 pm IST
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Komatsu Ltd. reported consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of ¥430,595 million against ¥478,020 million a year ago. Operating income was ¥42,899 million against ¥55,645 million a year ago. Net income attributable to company was ¥30,817 million against ¥38,646 million a year ago. Net income attributable to company per share diluted was ¥32.64 against ¥40.94 per share diluted a year ago.
For the nine months, the company reported net sales of ¥1,226,707 million against ¥1,370,517 million a year ago. Operating income was ¥107,025 million against ¥154,666 million a year ago. Net income attributable to company was ¥68,335 million against ¥103,742 million a year ago. Net income attributable to company per share diluted was ¥72.39 against ¥109.92 per share diluted a year ago. Net cash provided by operating activities was ¥146,591 million against ¥210,330 million a year ago. Capital expenditures were $107,997 million against ¥123,281 million a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥1,685,000 million, operating income of ¥150,000 million, net income attributable to company of ¥92,000 million or ¥97.59 per share basic.
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%).
Komatsu Ltd. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017