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Komatsu Ltd. reported FY2025 results showing stable revenue growth but weaker profitability.

Consolidated net sales rose 0.7% year-on-year to JPY 4.13 trillion, supported mainly by improved pricing and higher demand in industrial machinery, particularly for semiconductor-related equipment. However, operating income declined 13.7% to JPY 567.3 billion, while net income fell 14.4% to JPY 376.4 billion, reflecting higher costs and lower sales volumes in core construction and mining equipment segments.

Looking ahead, Komatsu expects both revenue and profit to decline in FY2026, citing softer demand in certain regions, reduced mining equipment demand, rising costs, and the impact of U.S. tariff policies.

The company plans to maintain its annual dividend at JPY 190 per share, unchanged from the previous year, implying a higher payout ratio as earnings are projected to decrease.

Source: Komatsu Ltd.
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WS Investor 04-28-26
Komatsu announced it has reached a major milestone in autonomous mining by commissioning its 1,000th ultra-class autonomous haul truck, reinforcing its leadership in the sector. The milestone vehicle, a 930E-5AT model with a 290-ton payload, has been deployed at Barrick’s Nevada Gold Mines in the United States .

The company’s FrontRunner Autonomous Haulage System, first introduced commercially in 2008, has now been deployed globally across major mining regions. Komatsu reported that customers using the system have collectively moved over 11.5 billion metric tons of material, highlighting its scale and operational reliability. The technology has also delivered significant economic and social impact, estimated at $2.4 billion in 2024 alone .

Komatsu emphasized that autonomous haulage improves both productivity and safety, while also supporting energy efficiency and emissions reduction. The company is continuing to expand automation beyond haul trucks to include other mining equipment, aiming to optimize entire site operations.

Looking ahead, Komatsu plans to advance its next-generation autonomous mining solutions through a software-defined vehicle strategy, enabling machines to adapt to site conditions and improve performance over time, while supporting sustainability goals in the mining industry .
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Global Finance News 04-22-26
Komatsu Ltd. presented its latest construction equipment, digital technologies, and service solutions at the CONEXPO-CON/AGG 2026 trade show, highlighting its strategy of “connected performance” to improve productivity and operational efficiency.

The company showcased several new machines being introduced to the North American market, including the PC220LCi-12 excavator equipped with Komatsu’s latest intelligent machine control technology and the PC365LC-11 multifunction excavator. These machines are designed to enhance operator comfort and jobsite efficiency through integrated digital capabilities.

Komatsu also displayed new wheel loaders such as the WA485-11 and WA475-11, featuring hydraulic mechanical transmission systems, improved cab designs, and embedded technologies intended to boost cycle times, reduce fuel consumption, and increase operator awareness. Next-generation dozers with advanced steering systems and upgraded operator cabins were also introduced.

In the mining and quarry segment, the company highlighted the HD605-10 haul truck integrated with Smart Quarry technology and Smart Quarry Autonomous, which enables autonomous operations for quarry trucks, including retrofits for existing fleets.

Komatsu emphasized its digital ecosystem connecting equipment, telematics, fleet management tools, artificial intelligence, and autonomous systems. Through its My Komatsu enterprise platform and Smart Construction solutions, the company aims to help fleet managers monitor operations, analyze performance data, and optimize jobsite productivity.
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WS Investor 03-04-26
Obayashi Corporation, Iwatani Corporation and Komatsu Ltd. conducted Japan’s first on-site proof-of-concept (PoC) test of a hydrogen fuel cell-powered medium-sized hydraulic excavator in December 2025. The test took place at the Joshin-Etsu Expressway construction site under East Nippon Expressway.

The FC excavator was used for soil relocation and refueled on-site to assess operational feasibility and hydrogen supply methods. Results showed performance comparable to diesel models, with added benefits of zero exhaust emissions, lower noise and reduced vibration, improving operator comfort.

However, challenges remain, including increasing onboard hydrogen capacity and accelerating refueling. The test also clarified site conditions suitable for hydrogen equipment under existing regulations.

The three companies will advance development of hydrogen-powered construction machinery, explore mobile refueling systems and establish operational standards, aiming to support carbon neutrality at construction sites.
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The Investor 02-16-26
Komatsu Ltd. announced that its wholly owned subsidiary, Komatsu America Corp., has agreed to acquire the remanufacturing business assets of SRC of Lexington, Inc., a U.S.-based supplier of remanufactured components for construction and mining equipment. The transaction is expected to close by the end of February 2026, subject to customary conditions, and is expected to have a minimal impact on Komatsu’s consolidated financial results.

The acquisition supports Komatsu’s circular business model, under which used components are recovered, restored to like-new condition, and returned to the market with reduced cost, lead time, and environmental impact. Demand for Komatsu’s remanufactured products has grown strongly, with transaction volumes increasing roughly fourfold between FY2010 and FY2024, driven in part by the expanding installed base of construction and mining equipment in North America.

By bringing SRC of Lexington’s operations in-house, Komatsu aims to strengthen supply stability, enhance responsiveness to customer needs, and further expand its global remanufacturing network, which as of 2025 spans 45 locations across 16 countries.
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Global Finance News 02-07-26
Komatsu Ltd. reported its consolidated business results for the nine months ended December 31, 2025, for the fiscal year ending March 31, 2026, under U.S. GAAP.

Consolidated net sales for the period totaled JPY 2,915.5 billion, down 1.4% year on year. Sales in the construction, mining and utility equipment business declined due to the appreciation of the Japanese yen and lower sales volumes, despite efforts to raise selling prices. This was partly offset by growth in the industrial machinery and others segment, supported by higher sales of large presses for the automotive industry and increased maintenance revenues related to excimer laser equipment for semiconductors.

Operating income decreased 10.1% from a year earlier to JPY 419.0 billion, with the operating margin falling to 14.4%. Income before income taxes declined 7.8% to JPY 394.9 billion, while net income attributable to Komatsu fell 13.0% to JPY 269.8 billion. The decline in profitability mainly reflected higher costs, lower sales volumes, and the stronger yen, although profits increased in the retail finance and industrial machinery businesses.

Komatsu said it has made no changes to its full-year forecast for the fiscal year ending March 31, 2026, maintaining the outlook it announced on October 29, 2025.
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WS Investor 01-30-26
Komatsu announced the completion of its share buyback program authorized on April 28, 2025. Between November 1 and November 27, the company repurchased 2,684,900 shares of common stock for a total of 13.78 billion yen through market purchases on the Tokyo Stock Exchange. This final round concludes the buyback framework, which allowed up to 40 million shares and up to 100 billion yen in purchases.

As of November 27, Komatsu had repurchased a cumulative total of 20,612,500 shares for approximately 100 billion yen under the board’s authorization. The program aimed to enhance shareholder value and capital efficiency.
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WS Investor 12-09-25
Cummins and Komatsu have signed an MOU to *jointly develop hybrid powertrains for heavy mining haul trucks*, with Komatsu’s drive system supplier Wabtec also involved. The effort builds on their long partnership in diesel engines and aims to cut fuel use, lower costs, and speed decarbonization in mining.

Pilot hybrid retrofit kits are set to deploy this year through Cummins’ First Mode unit, with commercial rollout planned well before 2030. Both companies see hybrids as a *first step toward carbon-neutral mining operations by 2050*, while also delivering productivity gains through faster cycle times and double-digit fuel savings.
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Global Finance News 09-17-25