Komatsu Reported In Line Third-Quarter Result, Fair Value Estimate Under Review.
Komatsu posted in line third-quarter earnings with revenue down 10% and operating income down 23% year over year. While the strong Japanese yen had a negative impact on the company’s sales and operating income, the operating margin improved to 10.0% from 8.4% in the second quarter, thanks to lower fixed costs and higher contributions from emerging countries such as Indonesia. Komatsu revised up its projection of nonconsolidated business to reflect better sales in China and the CIS region, but ma...
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