komatsu ltd. (kmtuy)

by:InfiCreation     2020-03-04
Washington, D. C. Securities and Exchange CommissionC. 20549FORM 6-
Report of foreign private offering companies under Rule 13a16 or 15d-
16 according to the Securities Trading Act of April 2013, Commission File Number: 1-7239 Komatsu Co. , Ltd. (
The name of the registrant)3-6 Akasaka 2-chome, Minato-ku, Tokyo, 107-8414, Japan(
Main executive office address)
Indicate by check mark whether the registrant will submit the annual report under the cover of form 20F or Form 40-F. Form20-FxForm 40-
If the registrant submits form 6, please indicate by check mark
S-paper K permitted by regulationsT Rule 101(b)(1)
: Indicate by check mark whether the registrant has submitted the form 6-
S-paper K permitted by regulationsT Rule 101(b)(7)
Information contained in this report 1.
On April 25, 2013, the company\'s announcement on the results of the consolidated business for the fiscal year ended March 31, 2013 (U. S. GAAP). 2.
An English translation of the company\'s announcement, issued on April 25, 2013, relates to a proposal submitted to the 144 General Meeting of Shareholders, which grants the company\'s board of directors the right to issue shares in the form of shares
In accordance with the provisions of Articles 236, 238 and 239 of the Japanese company law, remuneration is paid to employees of the company and directors of major subsidiaries of the company. 3.
On April 25, 2013, a company issued an announcement about the new three giants. Year (FY2013-2015)Mid-
Scope Management Plan.
2 The registrant, in accordance with the requirements of the Securities Trading Act of 1934, formally authorizes the signatory to sign this report on its behalf. KOMATSU LTD. (Registrant)
Date: April26, 203by:/s/Sheng FujitsukaMikio fujitsukadiretor and senior executive Officer3Komatsu Co. , Ltd.
Company Communications DepartmentTel:+81-(0)3-5561-
2616 date: April25, 203url: Consolidated business results for the fiscal year ended March 31, 2013 (U. S. GAAP)1.
Financial year performance as at March 31, 2013 (
The amount is rounded up to the nearest million yen)(1)
Comprehensive Financial Highlights (
End of fiscal year March 31, 2013 and 2012)
Millions of yen and US dollars except per shareA][B][A-B][(A-B)/B]
YenDollarYenYen % Net sales 1,884,991 20,0531, 981,763 (96,772)(4. 9)
% Operating income of 211, 6022,251256, 343 (44,741)(17. 5)
% Pre-Income and Income Equity of related companies 609 (45,006)(18. 0)
Net income attributable to Komatsu Co. , Ltd. %
344167,041 (40,720)(24. 4)
Net income attributable to Komatsu Co. , Ltd. %per share (USD yen)Basic¥132. 64$1. 41¥173. 47¥(40. 83)Diluted¥132. 51$1. 41¥173. 32¥(40. 81)
Return on Equity11. 5%17. 3%(5. 8)
Return on total assets. 5%11. 2%(2. 7)
Return percentage on Sales 11. 2%12. 9%(1. 7)%Notes:1)
The amount of yen converted to US dollar is below the amount for convenience only, and has been translated for the fiscal year ended March 31, 2013 at the exchange rate of 94 yen to US $1, the approximate exchange rate for March 31, 2013. 2)
Consolidated Earnings: 2013 yen: 243,015 million, up 47.
2% yen from 20122012: 165,072 million, up 37. 4% from 20113)
Affiliate earnings equity: 2013: 1,621 million of yen12: 1,609 million of yen4)
Return on equity is calculated using net income attributable to Komatsu Ltd.
And total Komatsu Ltd.
Equity of shareholders. 5)
The return on total assets is calculated by using pre-income from income tax and equity in affiliate earnings. 6)
The return on sales is calculated by using operating income. 1(2)
Comprehensive Financial status (
As at March 31, 2013 and 2012)
In addition to millions of yen per share, 20132012total assets2, 517,85 72, 320,529 total assets 1, 252,69 51, 057,457 Komatsu Co. , Ltd.
009,696 Xiaosong Co. , Ltd.
Shareholder equity ratio. 4%43. 5%Komatsu Ltd.
Equity of shareholders per share (Yen)¥1,252. 33¥1,060. 31(3)
Consolidated Cash Flow (
End of fiscal year March 31, 2013 and 2012)
Millions of yen2012net cash (used in)
Net cash provided for operating activities (045105)used in)
Investment activities (131,397)(124,539)
() Net cash providedused in)
Financing activities (71,814)
Cash and cash equivalents at the end of 18,781, 62083,07 92. Dividends(
As of fiscal March 31, 2013 and 2012, as of March 31, 2014)
Dividend of 201320122014 items per share (Yen)Interim24. 0021. 0029. 00Year-end24. 0021. 0029. 00Total48. 0042. 0058.
Dividends in year 00 (Million yen)
45, 74940, 341 RMB payment ratio (
Consolidated Basis)(%)36. 2%24. 2%30.
0% share of dividends (
Consolidated Basis)(%)4. 2%4. 2%x9723.
Forecast for the fiscal year as at March 31, 2014 (
From April 1-20, 2013 14 years March 31)
In the growth of the entire fiscal year, in addition to each share, there are millions of yen (Decrease)
Net sales of 2,050,000 8.
8% Operating income 00044.
1% income and income equity of related companies before income tax 00045.
2% net income of Komatsu Co. , Ltd. 184,00045.
7% net income of Komatsu Co. , Ltd. per share (basic)(Yen)¥193. 12Notes:1)
The percentages shown above represent the rate of change compared to the corresponding period a year ago. 2)
For prerequisites for the above forecast and other related issues, please refer to the management performance and financial conditions. 4. Others(1)
Changes in important subsidiaries during the review year: None (2)
Changes in accounting standards, procedures and systems
Changes caused by the revision of accounting standards. : Applicable2)
Changes to other matters except 1)
Above: NoneNote: For more details, see consolidated financial statement basis on page 24. (3)
Number of ordinary shares more than 1)
Number of ordinary shares issued (
Including inventory)
The data as of March31 are as follows: 2013: 983,130,260 shares12: 983,130,260 shares2)
The number of treasury shares as at March31 is as follows: 2013: 30,351,401 shares12: 30,869,238 shares3)
The weighted average of issued common shares is as follows: 2013: 952,376,139 shares2016: 962,919,074 sharesNote: the number of common shares is shown in net income per share on page 26 as the basis for calculating the amount of net income attributable to Komatsu Ltd. per share. 3[Reference]
Financial Highlights of the parent company the following financial information is based on
According to the generally accepted accounting principles and practices in Japan, the consolidated financial results of the parent company. 1.
Financial year performance as at March 31, 2013 (1)Non-
Comprehensive Financial Highlights (
End of fiscal year March 31, 2013 and 2012)
Million yen and US dollars, except per share. Decrease)[A][B][A-B][(A-B)/B]Yen (yen)%)
Net salespersons 738, 87 17, 860851, 139 (112,268)(13. 2)
% Ordinary profit85, 39090887,099 (1,709)(2. 0)
% Net Income of 66, 01670292,593 (26,577)(28. 7)
Net income per share (
USD yen)Basic¥69. 28$0. 74¥96. 10¥(26. 82)Diluted¥69. 21$0. 74¥96. 02¥(26. 81)
Note: The conversion of the yen amount to the dollar amount is only for convenience and has been translated for the fiscal year ended March 31, 2013 with an exchange rate of between 94 and 1 USD, the approximate exchange rate for March 31, 2013. (2)Non-
Comprehensive Financial status (
As at March 31, 2013 and 2012)
Except millions of yen) the proportion of shares of amounts20202total assets1, 082,5481, 068,690Net assets592, 734563,668 (%)54. 5%52.
Net assets per share (5%)Yen)¥618. 32¥588.
62 note: Shareholders\' equity: 2013: 589,465million yen 2012: 560. 834 billion yen.
Forecast for fiscal 2014 (
From April 1-20, 2013 14 years March 31)
Millions of yen per shareDecrease)
Net sales 790,0006.
9% ordinary profit175 000104.
9% Net income 000107.
Net income per share 5% (basic)(Yen)¥143.
71 note: The percentage shown above represents the rate of change compared to the same period a year ago.
4 Appendix x management performance and financial status (1)
Summary of operational and business results. 6(2)
Financial position. 11(3)
Basic policy for redistribution of profits and dividends in the reviewed fiscal year and next fiscal year
Komatsu Group.
13 management policy (1)
Basic management policy. 15(2)Mid to Long-
Scope management plans and issues
Consolidated Financial Statements (1)
Consolidated balance sheet. 18(2)
Comprehensive income statement and comprehensive income statement. 20(3)
Consolidated Report for EquityP. 22(4)
Consolidated statement of cash flow statement. 23(5)
Precautions for continued operating assumptions24(6)
Basis for consolidated financial statements. 24(7)
Notes to Consolidated Financial Statements. 251)
Business Department information252)
Net income per share. 263)OthersP.
265 management performance and financial position (1)
Review summary of business and business results for the financial year (
April 1, 2012-March 31, 2013)
Combined sales of construction, mining and utility equipment sales fell from the previous fiscal year, reflecting a sharp decline in demand for construction equipment in China and a sharp decline in demand for mining equipment, mainly in Indonesia, this was adversely affected by the fall in coal prices.
In industrial machinery and other industries, while the sales of large presses to the automotive manufacturing industry and machine tools for car engine production increased over the previous fiscal year, the number of wire saws used for silicon ingot slices in the solar cell market dropped sharply.
As a result, consolidated sales in the business unit declined from the previous fiscal year.
Consolidated sales fell by 4 in the fiscal year under review.
From the previous fiscal year to 9%, 884 of JPY1. 9 billion (
USD1 = $53 million for JPY94).
In terms of profits, Komatsu has made continuous efforts to increase sales prices and reduce production costs.
Affected by the sharp decline in sales in the previous fiscal year, profits from businesses such as construction, mining and utility equipment and industrial machinery have all declined.
Operating income fell by 17. 5% to JPY211. 6 billion (
USD2 0. 251 billion).
Operating income decreased by 1.
7 percentage points to 11.
2%, income and equity income before income tax of related companies decreased by 18. 0% to JPY204. 6 billion (
USD2 0. 177 billion).
Net income of Komatsu Co. , Ltd.
Up to jpy126. 3 billion (
USD1 0. 344 billion)
, Down 24.
Growth of 4% over the previous fiscal year. [
Comprehensive Financial Highlights
Million yen203usd1 = jpy82. 5EUR1=JPY106. 6RMB1=JPY13. 22012USD1 = JPY79. 0EUR1=JPY109. 6RMB1=JPY12. 4Changes[A][B][(A-B)/B]
Net salespersons 1, 884,9911, 981,763 (4. 9)
% Construction, mining and utility equipment 1, 679,5791, 744,273 (3. 7)
% Industrial machinery, etc. 291251,139 (13. 9)%Elimination(10,879)(13,649)
Segment profit214, 012258,663 (17. 3)
Construction, mining and utility equipment 951246,291 (15. 2)
% Industrial machinery, etc. 22216,779 (62. 9)
Enterprises and elimination (1,161)(4,407)
Operating income 602256,343 (17. 5)
% Income and equity income before income tax of Related Companies, 603249,609 (18. 0)
Net income attributable to Komatsu Co. , Ltd. %126,321167,041(24. 4)
% Note: sales and profit figures in this report show the corresponding amount for 12 months from April1 to mar31.
Unless otherwise stated, all sales by market segment in this report show the amount prior to the elimination of internal discrepancies
Segment transactions. 6[
Market positioning by Komatsu]
Strategic Markets in traditional markets Japan, North America and Europe China, Latin America, Asia, Oceania, Africa, Middle East and CISBusiness are as follows by operation.
In terms of construction, mining and utility equipment, while demand in North America and Japan has increased over the previous fiscal year, demand for hydraulic excavators in China has fallen sharply.
As a result, global demand remains sluggish.
In the mining equipment market, due to the adverse impact of the decline in coal prices, the demand for equipment has declined, mainly in Indonesia, in particular, demand for equipment and parts and services in Latin America and Oceania has grown steadily over the previous year.
In this context, combined sales of construction, mining and utility equipment fell by 3.
From 7% in the previous fiscal year to 679 in JPY1. 5 billion (
$0. 868 billion).
Profits in market segments fell by 15. 2% to JPY208. 9 billion (
USD2 0. 223 billion).
To further improve profitability and enhance the strength of the company, Komatsu continues to work to increase sales prices, reduce production costs, and improve operations designed to respond flexibly to changes in exchange rates and market demand.
Komatsu is also committed to strengthening its after-sales market business by improving its strategic parts operations, including barrels and teeth, with strong demand for barrels and teeth, especially in the strategic market and the mining industry, and its restructuring and reconstruction operations.
In terms of production and operation, Xiaosong fully launched
In the fiscal year under review, all factories in Japan are working to cut power consumption.
In terms of product development, Komatsu continues to focus on products with advantages in the field of environmental protection and fuel economy.
Following North America and Europe, Komatsu has introduced a new emission standard --
Japan\'s compliance model, last July.
In conjunction with these models, Komatsu began to provide Komatsu care, a new service project designed to reduce the total life cycle cost of these models and extend the life of the machine.
Komatsu also continued to expand sales of hb-5 and HB215LC hybrid hydraulic excavators worldwide, with a cumulative sales of more than 2,000 units this year.
In terms of forklift business, Komatsu launched the FH series hydraulic-
The Japanese forklift is characterized by Komatsu\'s technical expertise in hydraulic control, which has accumulated and perfected construction equipment for many years.
Since then, Komatsu has received stable orders and started overseas sales in February 2013. 7[
Sales of construction, mining and utility equipment by region]
Millions of yen20162changes [A][B][A-B][(A-B)/B]
Japan292 732286,3426 3902.
2% North America 276,47537 81938,65616.
3% Latin America259 275205,22554 05026.
3% Americas535 70620.
9% Europe 350120,627 (20,277)(16. 8)
% CIS89, 4818. ,7779, 70612.
2% Europe & CIS189, 833200,404 (10,571)(5. 3)
% China119, 940201,312 (81,372)(40. 4)
% Asia * 218,0093 19,438 (101,429)(31. 8)
% Oceania193, 050161,83931, 21119.
3% Asia * & Oceania411, 059481,277 (70,218)(14. 6)
68636,472 in the Middle East (6,786)(18. 6)
Rica98 04990,4977 5528.
3% Middle East and Africa 127, 735126, 9697660.
6% Total 1, 677,0491, 739,348 (62,299)(3. 6)
The operations by region excluding Japan and China are as follows.
The number of surplus used equipment exported by Japan from Japan has bottomed out, and since about 2000, the number of these equipment has exceeded the demand for new equipment, the demand for construction equipment for repair and reconstruction has also been centered on leasing companies since the Great East Japan earthquake.
As a result, demand grew steadily and sales increased compared to the previous fiscal year.
New emission standards
Since July 2012, we have launched a total of 30 models that meet the requirements and are working to expand our sales in Japan.
Komatsu also worked closely with distributors to continue to increase the retail price of all major models.
In North America, demand grew over the previous fiscal year, thanks to increased demand in the housing sector and strong demand in the leasing and energy development industries.
New emission standards
For models that meet the requirements, Komatsu is actively launching by combining them with Komatsu care programs.
As a result, they added the top 70% of total sales of new Komatsu equipment on a unit basis.
In response to the strong demand for leased equipment, Komatsu has worked hard to strengthen the dealer\'s rental equipment business.
In Latin America, with copper mines in Chile and Peru as the center, demand for mining equipment remains strong, while demand for construction equipment in Brazil, the region\'s largest market, is sluggish.
As a result, the overall demand for equipment is firm, with sales in the Americas growing over the previous fiscal year.
Europe and CISAs generally have economic uncertainty in the context of sovereign debt
Even in major markets in Germany, France and the UK, debt problems and demand remain sluggish.
As a result, sales in Europe fell from the previous fiscal year.
While steadily pushing forward the launch of the new emission standard market
In line with the Standard Model, Komatsu worked together to prepare for the launch of intelligent machine-controlled building equipment in Europe for the current fiscal year ended March 31, 2014 aimed at automated buildings.
In CIS, demand remained strong, particularly in gold mines, with sales rising from the previous fiscal year.
Komatsu reached an agreement with the Pacific National University and the Far East Federal University to cooperate in the development of human resources for construction, mining and road construction equipment.
In October 2012, the first course was offered at the National University of the Pacific.
Although the Chinese government has launched credit
There is no clear sign that new infrastructure development has begun.
Ups for the fiscal year under review.
Compared with the previous fiscal year, demand for hydraulic excavators fell sharply and sales fell sharply.
In response to the sharp decline in demand, Komatsu focused on immediately assessing the retail market conditions and maintaining an appropriate level of inventory, mainly by maximizing the use of KOMTRAX (
Komatsu machine tracking system).
As there are finally some signs of bottoming out of demand, Komatsu has been
Chinese new year sales of hydraulic excavators reached the level of the previous year, partly reflecting the new 20-
Ton hydraulic excavator designed for fuel economy.
Asian and Asian oceans, although demand has increased in the reconstruction of areas damaged by floods in Thailand last year, but for large, medium-sized-
Indonesia is the largest coal mine Market in Southeast Asia. It is small, especially affected by the decline in thermal coal prices.
As a result, sales fell sharply from the previous fiscal year.
In Oceania, the demand for mining equipment for iron ore and construction equipment remained stable and sales increased over the previous fiscal year.
About big-
According to the memorandum signed by Rio Tinto and Komatsu in November 2011, the scale project of transporting unmanned dump trucks to Australian iron ore, Komatsu and Rio Tinto as a solid team, steady and good progress has continued in terms of success.
Middle East and Africa in the Middle East, sales are down from before, especially due to sluggish demand in Turkey, the region\'s main market.
In last October, Komatsu opened a new distribution base in Dubai, aiming to reduce the inventory of distributors and shorten the delivery time.
In Saudi Arabia, where demand growth is promising, Komatsu signed a new distribution contract with a leading local company in last December.
In Africa, sales increased from the previous fiscal year due to strong demand for equipment for gold mines.
Komatsu also continued to strengthen its sales and product support business by implementing measures, including the joint opening of new parts warehouses with dealers in southern Africa, to improve its spare parts delivery business.
As part of its brand management campaign, Komatsu worked with a mining customer in South Africa to reduce fuel consumption for machines owned by customers by analyzing KOMTRAX information.
9 industrial machinery, etc. , while the sales of large presses to the automobile manufacturing industry and machine tools for automobile engineering production increased compared with the previous fiscal year, and the sales of chainsaws decreased significantly compared with the previous fiscal year.
In addition, the special needs for temporary housing units have come to an end.
As a result, sales of industrial machinery and other businesses fell by 13.
An increase of 9% over the previous fiscal year to jpy216. 2 billion (
USD2 0. 301 billion).
Profit in the market segment fell by 62. 9% to JPY6. 2 billion (USD66 million).
Komatsu is committed to the development of new products that improve production efficiency, safety and environment-friendly.
This year, Komatsu began selling h1 f-
2 AC servo press and pvs8525 servo press brakes following NTG-
The 4SP grinder was launched in last November.
About Laser-
In April 1, 2013, Komatsu organized and reorganized by integrating the development, sales and service functions of Komatsu NTC Co. , Ltd.
Industrial company in Komatsu
In order to make effective use of overlapping enterprise resources. [
Fiscal year forecast as at March 31, 2014](
FromApril1 2013 to March 31, 2014)
In the construction, mining and utility equipment business, Komatsu anticipates that sales and profits will increase from the current fiscal year for the following reasons: Chinese demand bottomed out;
Demand in Japan and North America will continue to grow steadily;
Work together to increase the sales price and expand the sales of strategic parts;
The impact of Japanese yen appreciation.
In industrial machinery and other businesses, while sales of presses and machine tools should grow strongly, Komatsu estimates that sales and profits will decline slightly from this fiscal year, especially affected by the low demand of steel saw.
In April, we started a new medium-term plan for Komatsu Group.
Together we innovate GEMBA world wide.
Under this plan, we will actively promote the key activities identified in the growth strategy to take advantage of our strengths and carry out structural reforms to strengthen our corporate base as car wheels.
We expect the combined sales and profits to increase from this fiscal year, as follows.
As a prerequisite for our forecast, we assume that the foreign exchange rate is as follows: USD1 = JPY95, EUR1 = JPY123 and RMB1 = jpy15. 3.
The company and its partially consolidated subsidiaries adopt the balance subtraction method of depreciation of assets, plant buildings and equipment and plan to change it to direct-
Line methodology for the fiscal year ended March 31, 2014.
Xiaosong thinks straight-
The line method should better reflect the future use of property plants and equipment.
The impact of the depreciation change is proactively identified as a change in accounting estimates.
It is estimated that this impact will result in a reduction of about jpy billion in depreciation expenses for the fiscal year ended March 31, 2014.
Yen2014 projection 10Million s (A)2013Results(B)(A)-(B)/(B)
Net sales of 2,88, 0001,884,991 8.
8% Operating income 305,000211, 60244.
1% Pre-Income income and earnings equity of affiliated companies 297,000204. 60345.
2% net income of Komatsu Co. , Ltd.
184,000126 32145. 7%(2)
In March 31, 2013, total assets increased by jpy197.
Up 3 billion from the previous fiscal year
End, JPY2, 517. 8 billion (
$0. 786 billion)
Mainly due to the depreciation of the Japanese yen compared with the previous fiscal yearend. Interest-
Jpy31 increased the debt burden.
9 billion more than the previous fiscal year
At the end of the year, to jpy679. 7 billion (
USD7 0. 232 billion). Komatsu Ltd.
Increase in shareholder equity jpy183.
Up 4 billion from the previous fiscal year
JPY1, end of 193. 1 billion (
$0. 694 billion).
As a result, the shareholder equity ratio of Xiaosong increased by 3.
Nine percentage points in the previous fiscal yearend, to 47. 4%. Net debt-to-
Equity ratio * increased to 0. 49 from0.
The previous fiscal year was 56. *Net debt-to-
The impact of exchange rate movements or increased competition;
Unexpected costs or delays encountered in achieving Komatsu\'s goals in global product procurement and new information technology tools;
The results of Komatsu\'s R & D efforts and its ability to acquire and protect certain intellectual property rights are uncertain;
Regulatory changes and the impact of accounting principles and practices. Xiaosong group (
As of March 31, 2013)
Business category and main products and services construction, mining and utility equipment excavation equipment hydraulic excavators, small excavators and backhoe loaders loading equipment wheel loaders, small wheel loaders and skid-facing loaders grading and subgrade grader and vibrating roller equipment-
Forestry equipment for road dump trucks, articulated dump trucks and crawler trucks
Mechanical protection machine in tunnel
Machines and small
Diameter pipe jacking Machine recycling equipment mobile debris crusher, mobile soil recycling machine and mobile bathtub grinder industrial vehicle forklift truck equipment road maintenance equipment engine and components diesel engine, Diesel Generator Set and hydraulic equipment casting products casting storage and transportation large Press, Servo Press, small and medium press for industrial machinery and other metal forging and stamping press
Press and forged pressure plate of size-
Laser cutting machine for metal machinery-
Plasma cutting machine, stepping on brake and cutting machine bed, machining center, crankshaft milling machine, grinding machine and wire saw anti-system, ammunition and armor personnel
Thermal power modules and temperature control equipment
Control equipment for commercial semiconductor manufacturing
Semiconductor Manufacturing 13komatsu Group use prefabricated structures and excitation lasers for exposure tools (Chart)(
As of March 31, 2013)
14 management policy (1)
The cornerstone of basic management policy Komatsu management is the commitment to quality and reliability to maximize the value of the company.
This commitment is not limited to providing safe and innovative products and services with a customer\'s perspective.
Komatsu is continuing efforts to improve the quality and reliability of all organizations, businesses, employees and management throughout Komatsu Group.
Year after year, continuing to improve the quality and reliability of all of this is the top management task of Komatsu. (2)Mid to Long-
Scope management plans and issues Komatsu Group is committed to increasing the added value of its products, further strengthening its operations in the growing market and enhancing its ongoing group-wide Kaizen (improvement)
Especially with tomorrow\'s global teamwork
Scope Management plan designed for three clients
From April 1, 2010 to 31, 2013.
During this period, the business environment of Xiaosong group has undergone tremendous changes, represented by the sharp appreciation of the yen against other major currencies, the Aminophylline, Bromhexine And Chlorphenamine Tablets earthquake, and the sharp changes in the demand for wire saw, construction and mining equipment in China and Indonesia.
In such an environment, Komatsu Group strives to maintain high profitability by increasing sales prices and production costs, strengthening the company\'s fundamentals, flexibly responding to dynamic changes in exchange rates and market demand, regardless of market conditions.
Due to the global economic slowdown caused by the US financial crisis in September 2008, demand for construction and mining equipment fell sharply, and then recovered with demand from China and Indonesia.
Today, we need to anticipate that demand will remain stagnant for the time being, mainly in the context of the adjustment phase of demand in both countries.
However, we expect demand to grow steadily in the medium and long term
With the support of global population growth and the increasing rate of global urbanization, in the long run.
Continuing to focus on the core business of construction and mining equipment and industrial machinery, investing in growth and enhancing the fundamentals of the company, Komatsu Group together pioneered our journey to the world of innovationyear mid-
Scope Management Plan for April.
In the current medium term
Scope management plan, we will carry out the following key activities in accordance with the two paired wheels of the growth strategy designed to take advantage of our strengths and structural reforms designed to strengthen the fundamentals of our company.
At the same time, we are doing --
Strive to raise the level of profit redistribution to shareholders.
In order to effectively address the high barriers to key activities, team work between employees of Komatsu Group and GEMBA is indispensable (workplace)
Ability to participate in continuous improvement activities by identifying workplace tasks and addressing them.
All employees of Komatsu Group worldwide will continue to promote continuous improvement activities based on Komatsu Group.
In particular, we will further strengthen our brand management activities through which we strive to gain an in-depth understanding of the customer\'s workplace and become an integral part of them.
In this way, we will develop the human resources needed for business expansion on a global scale.
Together we innovate 15 target figures for GEMBA world widemid mid
Operating income ratio for the fiscal year ended March 31, 2016 was 20% ROE: 20% net debt returnto-equity ratio0.
Comprehensive payment rate of 30% 50% (stably)
* ROE = Net income attributable to Komatsu Co. , Ltd. for the year/[(Komatsu Ltd.
Shareholders\' equity at the beginning of Xiaosong Co. , Ltd.
Shareholders\' equity at the end of the fiscal year)/2]*Net debt-to-
The following applicable shares are the same)
Or affect the merger of shares, the number of shares granted (1)
The stock acquisition right shall be adjusted proportionally according to the share Division or the proportion of the related stock merger.
In addition, if for reasons other than the above, it is necessary to adjust the number of shares granted after the date of the resolution, the company shall, to a reasonable extent, adjust the number of shares related to the above stock acquisition rights.
Score less than 1 (1)
The share generated by the aforementioned adjustments should be rounded up. 2)
The amount of assets to be paid when exercising the stock acquisition right is yen (1)per each one (1)
Shares transferred in exercise of stock acquisition rights multiplied by the number of shares granted. 3)
The exercise period of the stock acquisition right is from August 1, 2016 to 20214 months 31 days)
Matters concerning the increase in wages
In the case of the exercise of the stock acquisition right when the stock is issued, the capital and capital surplus.
Amount paid-
In the case of the exercise of the right to purchase shares, the capital increase should be half of the maximum capital increase calculated according to article 17th, the first paragraph of the Japanese company accounting regulations.
Score less than 1 (1)
The calculated yen should be rounded. ii.
In the event of the exercise of the stock acquisition right to issue the stock, the increase in the capital surplus shall be the amount obtained by subtracting the amount paid
Increase capital from the maximum amount of capital increase as stated in Gears 4)ix92 above. 5)
The restrictions on the acquisition of shares by transfer must be approved by the resolution of the company\'s board of directors. 6)
Terms related to the company\'s acquisition of stock acquisition rights do not include terms related to the company\'s acquisition. 7)
Conditions for the exercise of the right to stock acquisition if, as a stock acquisition right holder of a company director, company auditor or employee or director, the company auditor or employee of a company subsidiary loses all of the above status, the person can only exercise the right to purchase shares within three months (3)
One year from the date of their loss of the position;
However, provided that the period shall not exceed the original period of exercise of the stock acquisition right described in Gears 3)
The above, and other terms and conditions relating to the exercise of the right to purchase shares, shall be determined by the board of directors of the company. 28)
If any merger is made by the company (
Limited to cases where the company ceased to exist due to merger)
, A company split in which a division of the company is merged into an existing company, a company split in which a division of the company is stripped to establish a new company (
For both, limited to cases where the company is split)
Exchange or transfer of shares (
For both, the company is limited to becoming complete-
Subsidiaries)(
(Hereinafter referred to as reorganization action)
, Each person holding the remaining equity when the reorganization action takes effect (
The following is the right to purchase the remaining equity)
Grant the stock acquisition rights of the relevant stock companies stipulated in item 8 of Article 236th ,(a)through (e)
Company Law of Japan (
(Hereinafter referred to as restructuring company)
According to the conditions listed below.
In this case, the remaining stock acquisition rights will be invalid, and the restructured company will issue a new stock acquisition right.
However, only when the new stock acquisition right is granted under the following conditions shall the new stock acquisition right be granted (ix96viii)
As a condition in the merger agreement (
The merger of the company into a restructuring company or a restructuring company was established as a result of the merger)
Company Split Agreement (
Merge one Department of the company into a restructured company)
Plan for the company to split (
A division of the company was split up to form a restructured company)
And the share exchange agreement or share transfer plan (
In both cases, the company has become a complete
Subsidiary of the restructured company). i.
When the reorganization action takes effect, it will grant the number of stock acquisition rights of the reorganization company, and each holder of the remaining stock acquisition rights shall obtain the stock acquisition right, which is equivalent to the number of stock acquisition rights held by the reorganization company. ii.
The type of shares of the reorganization company is the type of shares issued by the share acquisition right. The type of shares subject to the share acquisition right shall be the common stock of the reorganization company. iii.
The number of shares to be issued by the restructured company in the exercise of the share acquisition right shall be determined according to 4. 1. 1)
After considering the conditions or other factors of the reorganization action. iv.
The amount of assets to be paid when exercising the stock acquisition right the amount of assets to be paid when exercising the newly granted stock acquisition right shall be multiplied by the yen (1)per each one (1)
Shares, calculated by the number of shares of each acquisition right as determined in iOS8)iiix92 above. v.
The period of exercise of the stock acquisition right shall start on the first date of the period of exercise of the stock acquisition right as set out in 4. 1. 3)
The above or the date of the effective date of the reorganization action (whichever is later) and will continue to the final date of the exercise period of stock acquisition rights as specified in 3)x92 above. vi.
Increase in payment
In the event of a stock being issued in the exercise of the stock acquisition right, an increase in capital and capital surplus shall be determined in accordance with 4. 1. 4)x92 above. vii.
Restrictions on obtaining stock acquisition rights by transfer the right to obtain stock acquisition by transfer must be approved by the restructured company. 3viii.
Provisions related to the acquisition of stock acquisition rights do not include provisions related to the acquisition of stock acquisition rights. 9)
If the number of shares to be issued or transferred to the holder of the stock acquisition right includes any part less than 1 (1)
Share, such a score should be rounded up. (4)
Authorization to make a decision on the issuance of shares acquisition rights and related matters other than the above terms, the decision on the issuance of shares acquisition rights and all relevant details shall be decided by the board of directors of the company, and the board shall be held separately. (Reference)
At the 141st Shareholders\' Meeting held on June 23, 2010, the remuneration granted to the directors of the company in the form of the stock acquisition right was the stock-
The basic salary has been approved, provided that the total amount of such compensation for each financial year shall not exceed 0. 36 billion yen (
Among them, JPY50 million can be allocated to external directors at most)
And within one year from the date of each shareholders\' meeting, the stock acquisition rights so issued to the directors of the Company shall not exceed 2,390 units as such remuneration (
Among them, up to 330 external directors are allocated).
The company plans to issue and assign to its directors during the current financial year
Based on remuneration, on or after July, obtain the same stock acquisition right at a fair subscription price as stated in this press release terms and conditions, within the above limits of the amount of yen and the number of stock acquisition rights. (end)
4 release immediately.
Date: April25, 203no. 007(2371)
Announce a new mid-term
Manage Plan remote Together we innovate GEMBA) Worldwide solutions Komatsu Co. , Ltd. (
President and CEO: tetsujohashi)
Three new ones have been developed. year (FY2013-2015)mid-
Scope Management program we work together to innovate the GEMBA world wide, completed in the fiscal year ended March 31, 2016.
Together we innovate GEMBA world wide mid-
The scope management program says Komatsu Group\'s global staff will work with distributors, suppliers and other partners to innovate customersworkplace)
Together with them, provide innovations designed to create new value, thus striving for the sustainable growth of our construction and mining equipment and the core business of industrial machinery.
In the event that each employee is actively involved in the tasks set out in this management plan, we are working to further improve business performance and enhance the value of the company. 1.
Komatsu\'s management objectives we define our corporate value as the sum of the trust that society and all stakeholders give us.
In order to enhance the value of the company, we will continue to work on management tasks by adhering to the following management objectives and achieving the following. 1)
We strive to reach the highest level in the industry.
Profitability and financial position. (
By strengthening our profit base, we will improve our target profitability. )2)
We will raise the level of profit redistribution to shareholders. 3)
We will improve our net debt. to-
When we invest in future growth, equity ratio and return on net assets.
Company Communications Department, Komatsu Ltd. 2-3-
Ming Zhongming No. 6-ku, Tokyo107-
8414, Japan: 81-(0)3-5561-
2616URL: The information contained in this press release is valid from the date of publication and may be changed without notice.
1 release immediately.
Results of operating income ratio of 2016 in March 31, 201320%11.
2% ROE: equ18-20%11. 5%Net debt-to-equity ratio0. 3orbelow0.
49 comprehensive payment rate 30-50%(stably)36.
2% ROE = Net income for the current year /[(
Initial shareholder equity at the end of the fiscal year)/2]Net debt-to-equity ratio= (interest-
Time deposit of cash and cash equivalents)
Equity of shareholders [Premises]
ItemsTargets finance Yearending March31, 206resultsforfiscalyearendmarch31, guideline 2013 sales ¥ 23,000bil ± 2, 000bil ¥ 18,849 for rateJPY bilGuideline/USD ¥ 90-
95 yen/yen-
Yen/15 yuan. 0-15. 3¥13.
2 Company Communications Department, Komatsu Ltd. 2-3-
Ming Zhongming No. 6-ku, Tokyo 107-
8414, Japan: 81-(0)3-5561-
2616URL: The information contained in this press release is valid from the date of publication and may be changed without notice.
Release immediately.
Concentrate on the new medium term
We work together to innovate GEMBA world wide, and we will carry out the following key activities based on two rounds of growth strategies aimed at leveraging our strengths and structural reforms aimed at strengthening our company\'s fundamentals.
At the same time, we are doing --
Strive to raise the level of profit redistribution to shareholders.
In order to effectively address the high barriers to key activities, employees with GEMBA capabilities in Komatsu Group must participate in continuous improvement activities by identifying workplace tasks and addressing them.
All employees of Komatsu Group worldwide will continue to promote continuous improvement activities based on Komatsu\'s approach.
In particular, we will further strengthen our brand management activities through which we strive to gain an in-depth understanding of the customer\'s workplace and become an integral part of them.
In this way, we will develop the human resources needed for business expansion on a global scale. (1)
Based on the innovative growth strategy, we will continue to improve our advantages, such as the accumulation of information and communication technologies (
Information and Communication Technology
Key components, global sales and service networks, and expertise, development and production techniques for flexible procurement and production operations.
We will also actively cooperate with cutting companies around the world.
Regardless of the Komatsu Group, we will develop edge technologies in promising areas in order to develop solutions that enable us to develop DANTOTSU products, DANTOTSU services and DANTOTSU solutions
In this way, we will work with our customers to innovate and quickly create new value in the fields of construction and mining equipment and industrial machinery.
We will expand our investment in the future.
Generation of products, development and launch of future construction equipment, further automation and unmanned operation through leading methods
Use of information and communication technologies.
Specifically, we will continue to upgrade our autonomous transportation system (AHS)
For a driverless dump truck running-
Scale mines in Chile and Australia, forest machinery fleet management systems being introduced in Brazil, and intelligent machine control construction equipment designed to simplify construction and facilitate management of the entire construction process.
We will also increase the number of subsequent successes. up models.
As the leading model of our intelligent machine control building equipment, we will launch-
Size D61EXi/bulldozer and medium
Medium-sized pc10lci hydraulic excavators originally produced in the United States and Europe respectively.
In the industrial machinery industry, we will facilitate the following:
Develop and produce key components internally in order to launch innovative products.
In fy 2015, we will launch a new fiber laser cutting machine that features high productivity and a significant reduction in operating costs.
Company Communications Department, Komatsu Ltd. 2-3-
Ming Zhongming No. 6-ku, Tokyo107-
8414, Japan: 81-(0)3-5561-
2616URL: The information contained in this press release is valid from the date of publication and may be changed without notice.
3 release immediately (2)
Starting from 2014, the new emission control standard (e. g.
Tier4 finals, USA)
Will be introduced in the US, Europe and Japan, which requires further reduction of NOx (Nitrogen oxide)and PM (
Particulate matter)emissions.
We\'re going to take our-
Internal development and production advantages of engine, hydraulic unit, control system, etc.
While we continue to develop new products to meet the new standards of fy in 2015, we are also working to smoothly introduce the market.
In order to expand our revenue, we will strive to promote the sale of strategic parts such as buckets, teeth and track shoes in strategic markets with potential for growth in the future and in mining equipment.
We will also continue to reform our ordering system and spare parts logistics.
In the fiscal year, we will start selling XcentricTMRipper on a global scale, an innovative accessory for hydraulic excavators for crushing rocks and dismantling, initially sold in the US and China.
For existing businesses with potential needs that we fail to capture, we will even consider strategic alliances as one of our options to increase engagement.
We will provide a variety of information by continuing to advance komtrax\'s features and usage methods, and as of March 31, 2013, komtrax has been running in more than 300,000 units around the world, plus the section of KOMTRAX plus, we will introduce in fy203.
Komatsu parts will enable us to understand the condition of the part and its replacement record.
In addition, we will strive to improve customer satisfaction and deliver and serve fast parts on the basis of maximizing the ever-evolving KOMTRAX by expanding the rental and used equipment, retail Finance and other businesses in the value chain. (3)
Structural reforms aimed at strengthening the business base while the sales volume of Komatsu Group has doubled over the past 10 years, we have kept fixed costs at about a constant level.
As our policy, by separating costs from growth, we will continue to maintain an appropriate level of fixed costs.
In terms of production, we are trying to reduce the power consumption of Japanese factories to half by reforming production and consolidating or updating factory buildings.
In fy 2015, initially at the Awazu factory in Ishikawa Prefecture, Japan, we will start building a leading new factoryedge energy-
This will also enable us to achieve innovative production efficiency.
We will also make full use of the global Hanshi operation center to improve the level of sales, production and inventory management and expand the scope of dealer inventory zero plan to promote the appropriate level of their products and parts inventory.
In addition, in order to ensure that the personnel and other resources required to invest in future growth, we will be engaged in the relocation of personnel and organizations, as well as other activities aimed at facilitating the establishment of direct GEMBA links between Komatsu Group and customers. (end)
Company Communications Department,Komatsu Ltd. 2-3-
Ming Zhongming No. 6-ku, Tokyo 107-
8414, Japan: 81-(0)3-5561-
2616URL: The information contained in this press release is valid from the date of publication and may be changed without notice.
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