Construction machinery maker lifted revenue and profit guidance after U.S. tariff and Middle East risks proved milder than feared, though its updated net profit target still trails IBES analyst consensus.
Komatsu raised its consolidated forecast for the fiscal year ending March 2027, increasing expected net profit to ¥349 billion from ¥318 billion and revenue to ¥4.3 trillion from ¥4.12 trillion, while keeping its annual dividend forecast unchanged at ¥190 per share. The company said the impact of U.S. tariff policy and Middle East tensions was smaller than initially assumed, although the revised net profit target still implies a 7.3% decline from the prior year and remains below the ¥369.2 billion average estimate from 11 analysts polled by IBES. First-quarter results for April-June 2026 supported the upgrade. Net profit rose 5.4% year on year to ¥96.1 billion, and sales to external customers in the Construction, Mining and Utility Equipment segment increased 14.6% to ¥965 billion. Excluding foreign exchange effects, revenue in that segment still rose 3.7%, pointing to underlying demand strength. Shares jumped 10.40% to ¥7,452 in Tokyo after the announcement.