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KOMATSU, Pretax Income Forecast for the Fiscal Year Revised Upward by 5%

Wed Oct 29, 2025 2:30 pm JST Earnings

6301 KOMATSU LTD. 【US-GAAP】

Earnings Report

KOMATSU LTD. <6301> [TSE Prime] announced its financial results (based on US-GAAP) in the afternoon session on October 29th (14:30). The consolidated pretax income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 7.3% from the same period last year to 258 billion yen.

However, the full-year forecast for consolidated pretax income has been revised upward 5.0%, from the previous forecast of 442 billion yen to 464 billion yen (compared to 604 billion yen in the previous period), and the declining rate is expected to decrease from 26.9% to 23.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated pretax income for the October to March period (second half) is expected to drop 37.0% from the same period last year to 205 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated pretax income amounted to 127 billion yen, a 0.8% decrease compared to the same period last year. The operating profit margin decreased from 14.5% in the same period last year to 13.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 1,822,994 296,976 288,020 205,548 217.4 50.0 Oct 27, 2023 US-GAAP
Apr - Sep, 2024 1,968,066 303,427 278,654 201,729 215.9 46.1 Oct 29, 2024 US-GAAP
Apr - Sep, 2025 1,891,587 277,061 258,385 175,701 191.8 55.7 Oct 29, 2025 US-GAAP
YoY -3.9% -8.7% -7.3% -12.9% -11.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 95 Apr 28, 2025 US-GAAP
Apr - Sep, 2025 Results 1,891,587 277,061 258,385 175,701 191.8 95 Oct 29, 2025 US-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 3,745,000 478,000 442,000 309,000 342.5 190 Apr 28, 2025 US-GAAP
Mar, 2026 New 3,888,000 500,000 464,000 320,000 354.7 190 Oct 29, 2025 US-GAAP
Revision Rate +3.8% +4.6% +5.0% +3.6% +3.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,136,329 353,698 326,184 237,885 256.2 107 Apr 28, 2025 US-GAAP
Oct - Mar, 2025 Guidance 1,996,413 222,939 205,615 144,299 159.9 95 Oct 29, 2025 US-GAAP
YoY -6.5% -37.0% -37.0% -39.3% -37.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,865,122 607,194 575,663 393,426 416.0 167 Apr 26, 2024 US-GAAP
Mar, 2025 4,104,395 657,125 604,838 439,614 473.4 190 Apr 28, 2025 US-GAAP
Mar, 2026 Guidance 3,888,000 500,000 464,000 320,000 354.7 190 Oct 29, 2025 US-GAAP
YoY -5.3% -23.9% -23.3% -27.2% -25.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,008,229 146,434 128,110 91,992 98.5 14.5 Oct 29, 2024 US-GAAP
Oct - Dec, 2024 989,196 162,635 149,541 108,339 116.4 16.4 Jan 31, 2025 US-GAAP
Jan - Mar, 2025 1,147,133 191,063 176,643 129,546 139.5 16.7 Apr 28, 2025 US-GAAP
Apr - Jun, 2025 909,524 140,391 131,295 91,194 99.1 15.4 Jul 29, 2025 US-GAAP
Jul - Sep, 2025 982,063 136,670 127,090 84,507 92.3 13.9 Oct 29, 2025 US-GAAP
YoY -2.6% -6.7% -0.8% -8.1% -6.3%

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