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Komatsu fiscal Q1 profit climbs 80.1% YOY

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Komatsu fiscal Q1 profit climbs 80.1% YOY

Komatsu Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥29.21 per share, a gain of 80.0% from ¥16.22 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥27.58 billion, a gain of 80.1% from ¥15.31 billion in the year-earlier period.

The normalized profit margin increased to 4.9% from 3.9% in the year-earlier period.

Total revenue rose 44.2% on an annual basis to ¥561.21 billion from ¥389.25 billion, and total operating expenses grew 41.5% year over year to ¥508.80 billion from ¥359.46 billion.

Reported net income increased 133.4% year over year to ¥36.39 billion, or ¥38.54 per share, from ¥15.59 billion, or ¥16.52 per share.

As of Aug. 10, US$1 was equivalent to ¥109.48.