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

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

1. Results for Six Months Ended September 30, 2011

We compensated for reduced demand in China by expanding sales in other markets and of mining equipment and spare parts . Both sales and profits improved from the corresponding period a year ago.

We improved profitability of both business segments . Operating profit ratio increased significantly to 13.5% .

2. Projection for the Fiscal Year Ending March 31, 2012

In the construction, mining and utility equipment business, while demand has declined in China, it has remained strong in other Strategic markets and Traditional Markets. Therefore, we are expecting to achieve the target volume of sales projected at the beginning of the fiscal year. However, coupled with the Japanese currency's appreciation against the U.S. dollar, Euro and Renminbi in progress, we are anticipating a decline in sales of wire saws in the industrial machinery and others business as mainly affected by the Chinese government's credit squeeze measures. In this light, we are revising our projection of full-year sales announced in April this year downward. With respect to profits, we are resolutely working to improve selling prices and production costs in order to minimize the adverse effects of foreign exchange rates, nevertheless we are also revising the projected figures downward.
With respect to non-consolidated business results, there is no change in the projections made in April this year.
As preconditions for our current projections, we are assuming the foreign exchange rates in the third and fourth quarters to be as follows:

3. Interim cash dividend : 21 yen per share (FY2010: 18yen)

*Please find attached file for more details.

Information in the news releases is current on the date of the announcement and is subject to change without notice.

2011/10/27

KOMATSU Corporate Communications
TEL: 03(5561)2616

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