Komatsu : Announcement Regarding Completion of Payment for Issuance of New Shares as Restricted Stock Compensation
September 02, 2019 at 02:52 am EDT
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Sep. 2, 2019
Komatsu Ltd. ('Komatsu') hereby announces that, in relation to the issuance of new shares as restricted stock compensation, which was resolved by the Board of Directors at its meeting held on July 12, 2019, the procedure for payment was completed today, as below. For details, please refer to 'Announcement Regarding Issuance of New Shares as Restricted Stock Compensation' dated July 12, 2019.
Outline of the Issuance of New Shares
The information described is at the time of presentation and may be subject to advance notice.
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Komatsu Ltd. published this content on 02 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2019 06:51:07 UTC
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%).