Despite impact from a low demand for mining equipment, Komatsu saw increases in both sales and profits for the first nine months of its fiscal year. The company reported net sales of $13.6 billion (1.38 trillion yen), up 3 percent over the same period in 2012. Operating income rose 10 percent to $1.6 billion (165.6 billion yen). The company’s fiscal year ends on March 31, 2014. Profit for the company saw a huge increase, up 26.6 percent to $1.1 billion (115.3 billion yen). The company attributes the gains to increased demand for construction equipment in Japan and China as well as other regions. The Construction, Mining and Utility Equipment division saw net sales of $12.2 billion (1.25 trillion yen), an increase of 3.6 percent. The division scored a profit increase of 10.6 percent to $1.6 billion (164.1 billion yen). Despite the increases, Komatsu has not made any changes to the projections for the full fiscal year it made in October. That outlook cut the forecast for profits by 26 percent year-over-year to $1.39 billion (136 billion yen) and decreased the forecast for net sales 9.3 percent to $19 billion (1.86 trillion yen).
- See more at: http://www.equipmentworld.com/komatsu-profit-up-26-in-first-9-months-due-to-increased-demand-for-construction-equipment
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The very beginning of the company was way back in 1917 when the parent company Takeuchi Mining industry founded the company Komatsu Iron Works. In 1931, the company built the first ever crawler typed tractor in Japan which created a history in the country and the popularity of the company was leaping and bounding. There after, the company never turned back and the production of high-grade casting and special steel materials was started. The gradual growth of the company was making the foundation and strength of the company more and more aggressive. The D50 Bulldozer was also the gift of the company to the world also the machineries and heavy equipments tools were in greater demands all over the globe that were created by Komatsu.
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