WS Investor
28 Apr 2026, 13:39
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.
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.