Notice: Sales of Investment Securities Owned by Komatsu Ltd.
September 15, 2017 at 05:19 am IST
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Komatsu Ltd. (hereafter the 'Company') has sold a part of the investment securities owned by the Company in accordance with the resolution made in the Board of Directors' meeting on September 14. As a result, the Company will record a gain (extraordinary income) from the sale of these securities.
1.Reason for the sale
To promote more efficient utilization of assets and strengthen the financial position of the Company.
2.Description of the sale
1) One brand of investment securities
2) Gain on the sale: Approx. JPY 31 billion
3.Outlook
As a result of the sale of the investment securities described above, the Company will record an extraordinary income of approx. JPY 31 billion for the first six-month period (April 1 - September 30, 2017) of the fiscal year ending March 31, 2018.
The Company will promptly disclose the figures, when the revisions of projected consolidated and/or nonconsolidated business results are necessary.
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Komatsu Ltd. published this content on 15 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 September 2017 23:48:16 UTC.
Original documenthttp://www.komatsu.com/CompanyInfo/press/2017091508213927190.html
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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%).