Report

PSA Capital Goods / Construction Machinery: Komatsu (6301 JT) FY23 Outlook

Mining as a powerful profit driver is at long last being recognized. However, analyst William Nestuk thinks the strength of global demand for Mining Equipment, Parts & Services as well as the resilience of US Housing Starts is not fully appreciated. Komatsu could surprise on the upside with its Q1 FY23 earnings.
Underlying
Komatsu Ltd.

Komatsu is engaged in the manufacture and sale of construction and mining equipment, utility equipment and industrial machinery. Co. operates in three business segments. Construction Machinery and Vehicles segment provides wheel loaders, hydraulic excavators, mini excavators, bulldozers, dump trucks, forklift trucks, forwarders, feller bunchers, harvesters, among others. Retail Finance segment is engaged in the provision of financing services for construction and mining equipment. Industrial Machinery and Other segment offers laser cutting machines, plasma cutting machines, press brakes, shears, transfer machines, machining centers, crankshaft millers, among others. .

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
William Nestuk

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