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Komatsu Ltd. (KMTUY)
OTHER OTC:KMTUY
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
$0.71Last Year’s EPS
$0.71Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 4.86%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong financial performance with record highs in operating income and robust growth in North and Latin America, particularly in the mining segment. However, challenges remain in the Industrial Machinery & Others segment, and significant declines in China and CIS markets impact the overall outlook. The company is cautious about potential economic slowdown effects on construction equipment demand.Company Guidance
During the earnings call for the second quarter of FY 2024 for Komatsu Ltd. (Symbol: 6301.T), several key metrics and guidance points were discussed. Net sales increased by 8% year-on-year to JPY 923.4 billion, and operating income rose by 27% to JPY 150 billion, with an operating income ratio improvement of 2.4 points to 16.2%. The construction, mining, and utility equipment segment saw sales climb 8.8% year-on-year to JPY 860.7 billion, while segment profit surged 36.6% to JPY 142.4 billion. The retail finance segment experienced a 14.2% increase in sales to JPY 24.6 billion, though segment profit decreased by 7% to JPY 6.6 billion. Industrial machinery sales fell 9.3% year-on-year to JPY 44.6 billion, with segment profit dropping 66.6% to JPY 2.5 billion. For FY 2023, projections include net sales of JPY 3,660 trillion, with an operating income of JPY 548 billion, and net income of JPY 340 billion. The company raised its dividend forecast to JPY 144 per share, reflecting a payout ratio of 40.1%. Looking ahead, the company anticipates robust demand for mining equipment, although a slowdown in construction equipment demand is expected due to economic uncertainties. The guidance also included revised foreign exchange assumptions and discussed geopolitical impacts, particularly in China and the Middle East, on business operations.Record High Operating Income
Operating income reached a record high for the quarter at JPY 150 billion, up 27% year-on-year with an operating income ratio increase of 2.4 percentage points to 16.2%.
Construction, Mining & Utility Equipment Sales Surge
Sales in this segment increased by 8.8% year-on-year to JPY 860.7 billion. Segment profit rose 36.6% to JPY 142.4 billion, with the profit ratio up 3.3 points to 16.5%.
Strong Performance in North America and Latin America
Sales in North America and Latin America increased substantially, contributing to overall sales growth.
Mining Equipment Demand Growth
Demand for mining equipment increased by 12% year-on-year, particularly in North America, with sales expected to increase 11% year-on-year to JPY 1,575.9 trillion.
Dividend Increase
Dividend increased to JPY 72 per share, up from the initial forecast of JPY 69.
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KMTUY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KMTUY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $26.14 | $26.52 | +1.45% |
| Jul 29, 2024 | $29.57 | $29.36 | -0.71% |
| Apr 26, 2024 | $27.88 | $27.11 | -2.76% |
| Jan 30, 2024 | $26.62 | $26.44 | -0.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Komatsu Ltd. (KMTUY) report earnings?
Komatsu Ltd. (KMTUY) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Komatsu Ltd. (KMTUY) earnings time?
Komatsu Ltd. (KMTUY) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KMTUY EPS forecast?
KMTUY EPS forecast for the fiscal quarter 2024 (Q3) is $0.71.
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