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Komatsu fiscal Q2 profit climbs 8.4% YOY

Komatsu Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥39.85 per share, an increase of 8.4% from ¥36.77 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥38.04 billion, an increase of 8.4% from ¥35.09 billion in the year-earlier period.

The normalized profit margin climbed to 7.9% from 7.5% in the year-earlier period.

Total revenue rose year over year to ¥482.33 billion from ¥469.96 billion, and total operating expenses grew year over year to ¥420.15 billion from ¥413.43 billion.

Reported net income decreased year over year to ¥40.30 billion, or ¥42.22 per share, from ¥41.52 billion, or ¥43.51 per share.

As of Nov. 11, US$1 was equivalent to ¥115.82.