Komatsu posted JY460.2 billion (about U.S. $4.47 billion) in its fiscal first quarter ended June 30, compared to JY455.1 billion a year ago, a 1.1-percent increase. The company increased 0.5 percent in construction, mining and utility equipment, which represents the vast majority of its product line, and a 7.3-percent jump in “industrial machinery and others.”
Profit increased 13.7 percent, from JY52.5 billion a year ago to JY59.7 billion (about U.S. $580.2 million). Operating income increased 21.1 percent to JY63.4 billion.
Komatsu said the company compensated for a decline in demand and sales in China by expanding sales of construction equipment in Europe and some other regions.