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| Komatsu declares results for FY2007 Japanese construction firm Komatsu announced its business results for FY2007 ended March 31, 2008. For the fiscal year ended March 31, 2008, the Komatsu Group renewed record-high sales and profits, marking the sixth consecutive fiscal year of growth in both sales and profits. Consolidated net sales reached ¥2, 243.0 billion (US$22,430 million). In the construction and mining equipment segment, Komatsu boosted sales by steadily capitalizing on expanded demand against the backdrop of thriving resource development around the world and infrastructure development particularly in emerging powers. Komatsu also expanded sales of forklift trucks and industrial machinery, reflecting buoyant capital investments in Japan and overseas. Operating income for the year increased to ¥332.8 billion (US$3,329 million), and operating income ratio improved 1.9 percentage points over the previous fiscal year, to 14.8%. Operating income improved 36.0% due not only to expanded sales, centering on construction and mining equipment, but also to the successful realization of prices for construction and mining equipment in Japan and overseas. Income from continuing operations before income taxes, minority interests and equity in earnings of affiliated companies reached ¥322.2 billion (US$3,222 million). Net income for the year, the sum of income from continuing and discontinued operations, advanced to ¥208.7 billion (US$2,088 million). write your comments about the article :: © 2008 Construction News :: home page |