Consolidated Business Results for Nine Months of the Fiscal Year Ending March 31, 2012 (U.S. GAAP)

Komatsu Ltd. today announced its consolidated business results for nine months of the fiscal year ending March 31, 2012. The highlights are described below.

The nine months from April 1 to December 31, 2011 of the fiscal year ending March 31, 2012, consolidated net sales advanced by 11.3%, operating income increased by 17.9%, operating income ratio improved by 0.7 percentage points to 13.2% from the corresponding period a year ago.
In construction, mining and utility equipment declined sharply in China from the corresponding period a year ago, it increased in other Strategic markets and Traditional Markets. Demand was particularly strong for mining equipment. As a result, in construction, mining and utility equipment businesses, both sales and profits were advanced and segment profit ratio was increased by 0.5 point to 14.1%. In the industrial machinery and others business, while sales of wire saws declined, Komatsu stepped up sales of presses, machine tools and temporary housing units in addition to consolidating Gigaphoton Inc. As a result, in the industrial machinery and others business, both sales and profits increased, as well as segment profit ratio improved by 0.6 point to 8.8%.
In the third quarter (three months from October 1 to December 31, 2011) compared to the corresponding period a year ago, while the Japanese currency appreciated more against major currencies, Komatsu advanced both sales and profits of the construction, mining and utility equipment business by working to improve selling prices and cut down production and other costs, as demand increased steadily worldwide, except for China. In the industrial machinery and others business, meanwhile, both sales and profits declined, as adversely impacted by downturned sales of wire saws from the second quarter of the current fiscal year.