30.07.2010 Komatsu Profits Rise

Komatsu first quarter sales to 30 June of JPY 447 billion (US$ 5 billion), up +39.5% on the JPY 320 billion (US$ 3.6 billion) recorded for the equivalent quarter last year. Pre-tax profits for the quarter jumped +474% to JPY 50 billion (US$ 569.6 million), up from JPY 8.7 billion (US$ 99 million) 12 months ago. During the first quarter demand for construction and mining equipment increased in all regions of the world when compared to the same period last year. Demand for the company's industrial machinery also began to show signs of recovery.

Komatsu's most dynamic market was China with sales for the quarter of JPY 98.5 billion (US$ 1.1 billion), up +77.5% on the JPY 55.5 billion (US$ 631 million) reported last year. Demand in China expanded sharply as urbanisation advanced and large-scale infrastructure development projects, such as railways and highways, continued under the leadership of the Chinese government.

The Americas also reported a strong performance with sales of JPY 98.2 billion (US$ 1.1 billion), up +34.9% on the JPY 72.8 billion (US$ 828 million) recorded 12 months ago. In Latin America, and particularly Brazil demand continued to expand in mining, civil engineering, agriculture and other sectors.

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