Komatsu released its consolidated financial results for the first three quarters of fiscal year 2025 (April 1 to December 31, 2025) on January 30, 2026. Against a backdrop of a complex external market environment, the company reported a slight year-on-year decrease in revenue. However, by actively advancing its intelligent solutions and strategic regional partnerships, Komatsu aims to stabilize its core business while exploring new avenues for growth.

Overall, the company faced pressure on profits, although its cash flow position remained robust. For the reporting period, Komatsu's cumulative net sales were 2,915.484 billion yen, a decrease of 1.4% compared to the same period last year. Operating profit was 419.015 billion yen, down 10.1%. Quarterly net profit attributable to owners of the parent company was 269.809 billion yen, reflecting a 13.0% decline. Despite the downturn in profit metrics, the company's overall financial health remained stable. As of December 31, 2025, total assets grew to 63.08 trillion yen. Cash flow from operating activities was 256.039 billion yen, and the balance of cash and cash equivalents at the period-end increased to 428.735 billion yen, providing a buffer for future operations and investments.

The performance of core business segments showed significant divergence. Sales for the core Construction, Mining, and Utility Equipment segment were 2,688.0 billion yen, down 2.2% year-on-year. Segment profit was 362.6 billion yen, a decrease of 14.7%. This decline was attributed to a combination of factors including foreign exchange fluctuations (a stronger yen), reduced sales volume in certain regions, and rising costs. Nonetheless, the segment's intelligent transformation continued to advance. The adoption of the "Smart Construction" solution for worksite management expanded, with the "ICT construction mechanization rate" reaching 29.5% in markets including Japan, the US, Europe, and Australia. In mining machinery, the cumulative number of Autonomous Haulage System (AHS) trucks deployed reached 982 units by the end of December 2025.

The Retail Finance segment saw sales increase by 1.1% to 93.1 billion yen, driven by higher interest income from an expanded portfolio of receivables. Segment profit surged by 19.1% to 26.0 billion yen, benefiting from lower financing costs. The Industrial Machinery and Other segment delivered a strong performance, with sales rising 10.9% to 162.7 billion yen. This growth was primarily fueled by increased sales of large presses to the automotive industry and higher maintenance revenue related to excimer lasers for the semiconductor industry. Consequently, segment profit jumped significantly by 81.1% to 27.3 billion yen.

Regional market performance presented a mixed picture. In the Americas, sales saw a marginal increase of 1.0%. While sales in North America decreased by 4.2%, impacted by lower sales of large mining machinery and the stronger yen, this was offset by a 9.0% sales increase in Central and South America, driven by solid copper demand boosting mining machinery sales. The Europe, Africa, and Middle East region exhibited strong performance with a 12.9% sales increase, supported by infrastructure investment demand in Europe and the effect of a weaker yen. Conversely, sales in the Oceania, Asia (excluding Japan), and CIS region declined by 14.6%. Sales in Asia (excluding Japan and China) fell sharply by 29.3%, affected by low coal prices and cuts in infrastructure budgets. In China, sales decreased by 8.6% due to a sluggish real estate market and reduced demand for large machinery. Domestically in Japan, sales declined by 6.7%, as demand remained subdued amid factors like rising labor and material costs and labor shortages.

Strategically, Komatsu is deepening collaborations and launching new products. To strengthen its footprint in Southeast Asia, the company announced in November 2025 the establishment of a joint venture with Bangkok Motor Works, a partner with experience in Thailand and Cambodia. This venture will integrate distributor operations for construction equipment in Malaysia, Singapore, Myanmar, and Brunei, aiming to create a unified marketing and product support system for the region. Furthermore, in December 2025, Komatsu launched the fully updated model series of its medium-sized wheel loaders, the "WA470-11/WA480-11," in the Japanese market. These new models, equipped with a new engine, are designed to better meet customer demands for productivity and safety through improved fuel efficiency, workload capacity, and operability.

Komatsu maintained its full-year forecast for fiscal 2026. The company continues to project net sales of 3.888 trillion yen, an operating profit of 500.0 billion yen, and a net profit attributable to owners of the parent company of 320.0 billion yen. Guided by its mid-term management plan centered on "value creation," Komatsu stated it remains committed to its three core pillars: co-creating value through innovation, pursuing growth and profitability, and revolutionizing its business foundation. The company's goal is to position itself as a "solution partner for realizing safe, highly productive, and clean worksites."