Komatsu Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥35.47 per share, a decrease of 22.9% from ¥46.03 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥33.50 billion, a decrease of 23.7% from ¥43.92 billion in the prior-year period.
The normalized profit margin fell to 6.2% from 7.8% in the year-earlier period.
Total revenue fell on an annual basis to ¥542.05 billion from ¥564.14 billion, and total operating expenses declined from the prior-year period to ¥481.89 billion from ¥489.28 billion.
Reported net income fell 15.1% on an annual basis to ¥37.50 billion, or ¥39.70 per share, from ¥44.18 billion, or ¥46.30 per share.
For the year, the company's normalized net income totaled ¥149.79 per share, compared to EPS of ¥150.27 in the prior year.
Normalized net income was ¥142.53 billion, compared with ¥143.38 billion in the prior year.
Full-year total revenue grew from the prior-year period to ¥1.979 trillion from ¥1.954 trillion, and total operating expenses grew year over year to ¥1.737 trillion from ¥1.713 trillion.
The company said reported net income fell on an annual basis to ¥154.01 billion, or ¥161.86 per share, in the full year, from ¥159.52 billion, or ¥167.18 per share.
As of June 23, US$1 was equivalent to ¥123.88.