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    6301   JP3304200003

KOMATSU LTD.

(6301)
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Komatsu : Business Results of FY2021 for First 3-Month Period(April-June, 2021)

07/30/2021 | 02:10am EDT

Business Results of FY 2021 for the First 3-Month Period (April-June, 21)

Telephone conference

Komatsu Ltd. Participants

Takeshi Horikoshi

Director and Senior Executive Officer and CFO

Masatoshi Morishita

Senior Executive Officer and

GM, Business Coordination Department and

GM, Komatsu Economic Strategy Research Center

July 30, 2021

Contents

. Business Results for the First 3-Month Period (April-June,21) of FY2021

PP4-5:

Highlights, Segment Sales and Profits for the First 3-Month Period of FY2021

PP6-7:

Construction, Mining & Utility Equipment: Results for the First 3-Month Period of FY2021

P8:

Retail Finance: Assets and Revenues for the First 3-Month Period of FY2021

P9:

Industrial Machinery & Others: Results for the First 3-Month Period of FY2021

P10:

Consolidated Balance Sheets

. Outlook of FY2021 Business Results

P12: PP13-18:

PP19-20: P21:

Outline of Projection for FY2021

Construction, Mining & Utility Equipment: Demand and Outlook for Seven Major Products (Global and By Region)

Construction, Mining & Utility Equipment: Mining Equipment

Construction, Mining & Utility Equipment: Parts

Appendix

P23: Daily Komtrax data

PP24-28: Quarterly Results

PP29-31:Book-to-Bill Ratio [Orders Received / Sales (6 Months)]

2

. Business Results for the First 3-Month Period

(April-June,21) of FY2021

3

Highlights for the First 3-Month Period (April-June,21) of FY2021

  • Consolidated net sales increased by 41.3% from the corresponding period a year ago, to JPY648.2 billion.
  • Operating income advanced by 129.4% to JPY61.7 billion. Operating income ratio was 9.5%, up 3.6 points.
  • Net income attributable to Komatsu Ltd. surged by 151.6% to JPY40.8 billion.

Apr.-Jun.,2020

Apr.-Jun.,2021

Changes (B-A)

Billions of yen

(A)

(B)

¥107.5/USD

¥109.9/USD

Increase

Change

¥118.6/EUR

¥131.7/EUR

(Decrease)

%

¥15.1/RMB

¥17.0/RMB

Net sales

458.7

648.2

+189.5

+41.3%

Segment profit

26.6

60.9

+34.2

+128.7%

Other operating income (Expenses)

0.2

0.8

+0.5

-

Operating income

26.9

61.7

+34.8

+129.4%

Profit ratio

5.9%

9.5%

+3.6pts.

-

Other income (Expenses)

1.5

(0.2)

(1.8)

-

Income before income taxes

28.4

61.4

+32.9

+115.7%

Net income attributable to

16.2

40.8

+24.6

+151.6%

Komatsu Ltd.

4

Segment Sales and Profits for the First 3-Month Period (April-June,21) of FY2021

Construction, Mining & Utility Equipment: Sales advanced by 39.6% from the corresponding period a year ago, to JPY594.3 billion. Segment profit advanced by 131.3% to JPY53.6 billion. Segment profit ratio improved to 9.0%, up 3.6 points.

Retail Finance: Revenues increased by 28.5% from the corresponding period a year ago, to JPY 20.4billion. Segment profit advanced by 69.7% to JPY3.2 billion.

Industrial Machinery & Others: Sales increased by 63.2% from the corresponding period a year ago, to JPY40.8 billion. Segment profit climbed by 146.2% to JPY4.2 billion.

Apr.-Jun., 2020

Apr.-Jun., 2021

Changes (B-A)

Billions of yen

Increase

Change

(A)

(B)

(Decrease)

%

Net sales

458.7

648.2

+189.5

+41.3%

Construction, mining & utility

425.8

594.3

+168.5

+39.6%

equipment

[420.0]

[593.0]

[+173.0]

[+41.2%]

Retail finance

15.9

20.4

+4.5

+28.5%

[13.9]

[14.7]

[+0.8]

[+5.8%]

Industrial machinery & others

25.0

40.8

+15.8

+63.2%

[24.7]

[40.5]

[+15.7]

[+63.5%]

Elimination

(8.0)

(7.3)

+0.6

-

Segment profit

5.8%

26.6

9.4%

60.9

+3.6pts.

+34.2

+128.7%

Construction, mining & utility

5.4%

23.2

9.0%

53.6

+3.6pts.

+30.4

+131.3%

equipment

Retail finance

11.9%

1.8

15.7%

3.2

+3.8pts.

+1.3

+69.7%

Industrial machinery & others

6.8%

1.7

10.3%

4.2

+3.5pts.

+2.4

+146.2%

(0.1)

(0.1)

+0.0

-

Review of three business segments:% : Profit ratio [ ]: Sales after elimination of inter-segment transactions

■ Construction, Mining & Utility Equipment: Sales advanced, mainly supported by increased volume of sales and positive effects of foreign exchange rates. Segment profit climbed, mainly supported by increased volume of sales.

■ Retail Finance: Revenues advanced, supported by an increase in new contracts resulting from expanded sales of the construction, mining & utility equipment business. Segment profit advanced, reflecting no more adverse effects of an extension of payments, which were implemented and recorded for the corresponding period a year ago under the COVID-19 pandemic.

■ Industrial Machinery & Others: Concerning presses and machine tools for the automobile manufacturing industry, both sales and profits

advanced, reflecting recovering demand against the backdrop of regaining capital investment and the completion of installing machinery at

overseas customers' plants. With respect to products for the semiconductor manufacturing industry, both sales and profits increased, esp.

5

supported by excellent sales of the Excimer laser-related business.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Komatsu Ltd. published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 06:08:16 UTC.


© Publicnow 2021
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