FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of August 2001
COMMISSION FILE NUMBER: 1-7239
KOMATSU LTD.
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Translation of registrant's name into English
3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan
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Address of principal executive offices
INFORMATION TO BE INCLUDED IN REPORT
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1. One company announcement made on August 30, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
KOMATSU LTD.
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(Registrant)
Date: August 30, 2001 By: /s/ Kenji Kinoshita
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Kenji Kinoshita
Executive Officer
To Whom It May Concern
August 30, 2001
Komatsu Ltd.
Masahiro Sakane, President.
Nobuyuki Kanatomi, General Manager,
Public Relations & Advertising Dept.,
as liaison.
Tel: +81-3-5561-2616
URL: http://www.komatsu.com/
Notice of Revised Business Forecast
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This is to inform you that due to recent trends in business performance, Komatsu
Ltd. has revised its forecast for the fiscal year ending March 2002, published
on May 7 along with the business results for the previous fiscal year, as stated
below. Incidentally, Komatsu's consolidated financial statements conform to the
accounting principles generally accepted in the United States of America.
I. Interim Term (April 1, 2001 - September 30, 2001)
1. Revised Consolidated Forecast for Interim Term
(Millions of yen)
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Net Sales Pre-tax Income Net Income
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Previous Forecast (A) 550,000 8,000 3,500
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Revised Forecast (B) 510,000 -5,000 -5,000
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Amount of Change (B) - (A) -40,000 -13,000 -8,500
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Rate of Change (%) -7.3 - -
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Actual Figures for the Previous Term 554,530 11,195 3,152
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2. Revised Non-consolidated Forecast for Interim Term
(Millions of yen)
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Net Sales Ordinary Profit Net Income
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Previous Forecast (A) 200,000 6,000 4,000
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Revised Forecast (B) 185,000 2,500 2,500
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Amount of Change (B) - (A) -15,000 -3,500 -1,500
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Rate of Change (%) -7.5 -58.3 -37.5
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Actual Figures for the Previous Term 206,929 4,307 3,719
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II. Full-year Term (April l, 2001 - March 31, 2002)
1. Revised Consolidated Forecast for Full-year Term
(Millions of yen)
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Net Sales Pre-tax Income Net Income
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Previous Forecast (A) 1,120,000 21,000 8,000
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Revised Forecast (B) 1,060,000 7,000 1,000
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Amount of Change (B) - (A) -60,000 -14,000 -7,000
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Rate of Change (%) -5.4 -66.7 -87.5
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Actual Figures for the Previous Term 1,096,369 20,064 6,913
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2. Revised Non-consolidated Forecast for Full-year Term
(Millions of yen)
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Net Sales Ordinary Profit Net Income
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Previous Forecast (A) 430,000 14,000 8,000
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Revised Forecast (B) 410,000 11,000 7,000
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Amount of Change (B) - (A) -20,000 -3,000 -1,000
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Rate of Change (%) -4.7 -21.4 -12.5
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Actual Figures for the Previous Term 430,270 11,281 7,222
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III. Reasons for the Revision
In the construction and mining equipment business, domestic demand for
construction equipment is anticipated to significantly decrease from that
previously forecast due to the adverse effect of curtailed construction
investment led by sluggish public outlays. Overseas, although sales in
China made gains and the mining equipment market experienced a rebound, in
the key North America market, demand continued to decline, and in Southeast
Asia, market recovery was delayed. All in all, these developments led to
lower than expected earnings being forecast.
In the electronics business, a steep recession in the global
semiconductor industry impacted the silicon wafer industry, causing the
market to remain very soft. As a result, the performance of Komatsu
Electronic Metals Co., Ltd. is expected to deteriorate more than previously
forecast. Even demand for thermoelectric modules for optical
communications, which grew significantly in the pervious term, declined
sharply, and the situation is expected to continue. Thus, earnings are seen
falling from those initially forecast.
In future, Komatsu will strive to secure earnings through full-scale
marketing of its GALEO series of construction equipment in Japan and make
company-wide efforts to further reduce fixed costs. However, given the
outlook for a continued difficult management environment, the consolidated
and non-consolidated forecasts for the interim- and full-year terms have
also been revised downward as stated earlier.