Академический Документы
Профессиональный Документы
Культура Документы
2010
Global Teamwork
Contents
Profile
6 8 12
Business Results
Capital Investment
14
15
Financial Statements
16
19
Manufacturing Operations of Construction, Mining and Utility Equipment, and Forest Machines Product Support Operations of Construction and Mining Equipment Manufacturing, Sales and Service Operations of Industrial Machinery and Others
26
34
36
Directory
49
Company History
50
Profile
2
Profile
Company Name
Komatsu Ltd.
Net Sales (Fiscal year ended March 31, 2010) Consolidated: 1,431,564 million (US$ 15,393 million) * Non-Consolidated: 457,676 million (US$ 4,921 million) * Sales by Operation (Consolidated)
Industrial Machinery and Others
Established
May 13,1921
Head Office
2-3-6, Akasaka, Minato-ku, Tokyo 107-8414, Japan
Main Businesses
Manufacture and sale of construction and mining equipment, utility equipment (compact machines), forest machines, industrial machinery andothers
Common Stock
Consolidated: Non-Consolidated: 67,870 million (US$730 million) * (In accordance with generally accepted accounting principles in the United States of America.) 70,120 million (US$754 million) *
U.S. dollar amounts are converted at the rate of 93 = US$1.00, the prevailing rate announced * by the Federal Reserve Bank of New York on March 31, 2010.
Fiscal years Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended ended March 31 March 31, 2001 March 31, 2002 March 31, 2003 March 31, 2004 March 31, 2005 March 31, 2006 March 31, 2007 March 31, 2008 March 31, 2009 March 31, 2010 Abbreviation 2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3
Board of Directors
Masahiro Sakane
Chairman of the Board
Executive Officers
Hiroyuki Horii
Senior Executive Officer Vice President, Industrial Machinery Division President, Komatsu NTC Ltd.
Kikuo Ejima
Executive Officer President, Research Division
Kunio Noji
President and Chief Executive Officer
Yoshinori Komamura
Executive Vice President President, Construction & Mining Equipment Marketing Division
Susumu Yamanaka
Senior Executive Officer President, Defense Systems Division
Shuji Yamashita
Executive Officer Oyama Plant Manager, Production Division President, Komatsu Cummins Engine Co., Ltd.
Masakatsu Hioki
Senior Executive Officer Supervising Compliance, Legal Affairs, Human Resources, Education and Safety & Health Care
Masanao Mori
Executive Officer General Manager, Human Resources
3
Directors, Auditors and Officers
Yasuo Suzuki
Director and Senior Executive Officer President, Industrial Machinery Division
Ichiro Nakano
Executive Officer General Manager, System Development Center, Development Division
Kenji Kinoshita
Director and Senior Executive Officer Chief Financial Officer Supervising Investor Relations
Shinichiro Komiya
Senior Executive Officer President, Japanese Domestic Marketing, Construction & Mining Equipment Marketing Division President, Komatsu Construction Equipment Sales and Service Japan Ltd.
Masao Fuchigami
Director and Senior Executive Officer Supervising Environment, Research, Design & Development and Quality Assurance
Hidetaka Kita
Executive Officer President, Product Support, Construction & Mining Equipment Marketing Division
Tetsuji Ohashi
Director and Senior Executive Officer President, Production Division Supervising Production and e-KOMATSU
Fusao Seki
Senior Executive Officer General Manager, CSR Supervising Corporate Communications and General Affairs
Noboru Sato
Executive Officer President, Overseas Marketing, Construction & Mining Equipment Marketing Division
Kensuke Hotta
Outside Director Chairman and Representative Director, Greenhill & Co. Japan Ltd.
Kazuhiko Iwata
Senior Executive Officer President, Global Mining Business, Construction & Mining Equipment Marketing Division
Yuichi Iwamoto
Executive Officer General Manager, Construction Equipment Technical Center 2, Development Division
Noriaki Kano
Outside Director Professor Emeritus, Tokyo University of Science
Mikio Fujitsuka
Senior Executive Officer General Manager, Corporate Planning President, Global Retail Finance Business Division Supervising Audits
Masayuki Moriyama
Executive Officer General Manager, Construction Equipment Technical Center 1, Development Division
Kouichi Ikeda
Outside Director Advisor, Asahi Breweries, Ltd.
Hiroyuki Ogawa
Executive Officer Ibaraki Plant Manager, Production Division
Fujitoshi Takamura
Senior Executive Officer President, Development Division
Yasuhiro Inagaki
Executive Officer General Manager, Business Development General Manager, Legal
Corporate Auditors
Masaji Kitamura
Standing Corporate Auditor
Ichiro Sasaki
Executive Officer Awazu Plant Manager, Production Division
Kyoji Torii
Standing Corporate Auditor
Noriyuki Sudo
Executive Officer President, Rental and Used Equipment Business, Construction & Mining Equipment Marketing Division President, Komatsu Used Equipment Corp.
Representatives of Region
Taizo Kayata
Senior Executive Officer Representative of All China Operations
Makoto Okitsu
Outside Corporate Auditor Advisor, Teijin Limited
Hiroyuki Kamano
Outside Corporate Auditor Partner, Kamano Sogo Law Offices
Yoshisada Takahashi
Executive Officer Vice President, Production Division Osaka Plant Manager
Nobukazu Kotake
Senior Executive Officer Deputy Representative of All China Operations (Responsible for Development, Product Planning and Quality Assurance)
Kunihiro Matsuo
Outside Corporate Auditor Attorney at Law
Tadashi Okada
Executive Officer Vice President, Industrial Machinery Division President, Komatsu Industries Corporation
Tetsuro Kajiya
Senior Executive Officer Deputy Representative of All China Operations (Responsible for Production and Procurement)
Masahiro Uegaki
Executive Officer President, Procurement Division
Koji Yamada
Senior Executive Officer Representative of All India Operations
Kazunori Kuromoto
Executive Officer President, ICT Business, Construction & Mining Equipment Marketing Division
Nobuki Hasegawa
Executive Officer Representative of All Indonesia Operations (Responsible for Development, Product Planning and Quality Assurance)
Mitsuru Ueno
Executive Officer President, Engines Business Division President, Industrial Power Alliance, Ltd.
Masao Fujita
Executive Officer Representative of All CIS Operations
Stock Listings Stock Code One Unit (tangen) of Shares Number of Shareholders
4
Stock and Shareholders
Shareholders
Corporate 3.9%
1,928 shareholders 39,054,131 shares
Securities 2.2%
Financial 33.6%
Foreign 35.1%
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2006/3 High (yen) Low (yen) 2,255 715 2007/3 2,870 1,857 2008/3 4,090 2,175 2009/3 3,440 702 2010/3 2,099 1,090
Black: opening price > closing price White: closing price > opening price
Million shares
corporate value. Concerning cash dividends to shareholders, the Company maintains the policy of redistributing profits by considering consolidated business results and continuing stable dividends. Specifically, the Company has set the goal of a consolidated payout ratio of 20% or higher, and maintains the policy of not decreasing dividends, as long as the consolidated payout ratio does not surpass 40%.
Yen
50 40 30 20 10 0 2006/3 2007/3 8 10 18 15.6% 13 18 31 18.7% 2008/3 20 22 42 20.0% 2009/3 22 18 40 50.0% 2010/3 8 8 16 46.1%
5
Cash Dividends and Ratings
Note: Regarding FY2008 ended March 31, 2009, the consolidated payout ratio is 40%, not factoring in expenses incurred for structural reforms (JPY32.3 billion at operating income, JPY 19.6 billion at net income attributable to Komatsu Ltd.). Regarding FY2009 ended March 31, 2010, the consolidated payout ratio is 38%, not factoring in expenses incurred for structural reforms (JPY12.0 billion at operating income, JPY7.3 billion at net income attributable to Komatsu Ltd.).
Ratings
2006/3 Moodys A2
2007/3
2008/3
2009/3
2010/3
R& I
A+
AA-
S&P
BBB+
A-
A
R&I: Rating and Investment Information, Inc. S&P: Standard & Poors
Ten-Year Summary
Consolidated [U.S. GAAP]
* U.S. dollar amounts are converted and rounded off only for reference at a rate of 93 = US$1.00, the prevailing rate announced by the Federal Reserve Bank of New York on March 31, 2010.
2001/3
2002/3
2003/3
Net sales Cost of sales Segment profit (loss) Segment profit (loss) ratio (%) Operating income Operating income ratio (%) Income (loss) before income taxes and equity in earning of affiliated companies Net income (loss) attributable to Komatsu Ltd.
Notes: 1. Concerning the figures for the fiscal year ended March 31, 2002 and earlier, Komatsu Electronic Metals Co., Ltd. and its subsidiaries and the outdoor power equipment (OPE) of Komatsu Zenoah Co. and its subsidiaries engaging in the OPE business were not reclassified as discontinued operations resulting from the sale thereof. 2. Net income attributable to Komatsu Ltd. is equivalent to Net income for the fiscal year ended March 31, 2009 and preceding fiscal years.
Balance Sheets
6
Ten-Year Summary
Total assets Working capital Property, plant and equipment Shareholders' equity Shareholders' equity ratio (%) Net interest-bearing debt Net debt-to-equity ratio (times)
Note: Net interest-bearing debt = interest-bearing debt - cash and cash equivalents - time deposits
1.4 1.4
(7.8) (18.5)
0.7 0.8
Note: C oncerning ROA for the fiscal year ended March 31, 2002 and earlier, Komatsu Electronic Metals Co., Ltd. and its subsidiaries and the outdoor power equipment (OPE) of Komatsu Zenoah Co. and its subsidiaries engaging in the OPE business were not reclassified as discontinued operations resulting from the sale thereof.
Cash Flows
Net cash provided by operating activities Net cash used in investing activities Net cash provided by (used in) financing activities Cash and cash equivalents, end of year Capital investment Depreciation and amortization Research and development expenses
Note: C oncerning the figures for the fiscal year ended March 31, 2005 and earlier, Komatsu Electronic Metals Co., Ltd. and its subsidiaries and the outdoor power equipment (OPE) of Komatsu Zenoah Co. and its subsidiaries engaging in the OPE business were not reclassified as discontinued operations resulting from the sale thereof.
Net income (loss) attributable to Komatsu Ltd. per share Shareholders' equity per share
Non-Consolidated
Sales and Profits
Net sales Ordinary income (loss) Net income (loss) Net income (loss) per share (yen) Cash dividends per share 430,270 11,281 7,222 7.52 6.00 382,908 3,794 (41,828) (43.81) 6.00 376,912 12,634 3,486 3.50 6.00
Ten-Year Summary
Millions of yen except Millions of U.S. dollars* per share amounts per share amounts
2004/3
2005/3
2006/3
2007/3
2008/3
2009/3
2010/3
1.7 6.6
6.6 13.1
10.0 20.8
13.5 23.5
16.3 25.1
6.3 9.3
3.3 4.1
37.28 926.35
Ten-Year Summary
% 15 12 9 6 3 0
Net sales*
1,612.1
1,893.3
2,243.0
2,021.7
1,431.5
164.5 10.2
249.7 13.2
334.5 14.9
188.6 9.3
80.7 5.6
8
Financial Highlights (Consolidated)
Income before income taxes and equity in earnings of affiliated companies* and ROA*
% 15 12 9 6 3 0 Billions of yen 350 280 210 140 70 0
2006/3 2007/3 2008/3 2009/3 2010/3
% 20 16 12 8 4 0
163.4 10.1
244.7 12.9
332.8 14.8
151.9 7.5
67.0 4.7
Income before income taxes and equity in earnings of affiliated companies* ROA*
155.7 10.0
236.4 13.5
322.2 16.3
128.7 6.3
64.9 3.3
114.2 20.8
164.6 23.5
208.7 25.1
78.7 9.3
33.5 4.1
115.13
165.70
209.87
79.95
34.67
Notes 1. * In accordance with Statement of Financial Accounting Standards No.144, "Accounting for the Impairment or Disposal of Long-Lived Assets," the consolidated statement of income have been retrospectively reclassified as for the discontinued operations from FY2006, ended March 31, 2007. 2. Net income attributable to Komatsu Ltd. is equivalent to Net income for the fiscal year ended March 31, 2009 and preceding fiscal years.
Total assets
Billions of yen 2,500 2,000 1,500 1,000 500 0
2006/3 2007/3 2008/3 2009/3 2010/3
% 50 40 30 20 10 0
Total assets
1,652.1
1,843.9
2,105.1
1,969.0
1,959.0
622.9 37.7
776.7 42.1
887.1 42.1
814.9 41.4
833.9 42.6
9
Billions of yen 600 480 360 240 120 0
2006/3 2007/3 2008/3 2009/3 2010/3
307.8
256.8
349.9
509.2
502.8
0.49
0.33
0.39
0.62
0.60
Note: N et interest-bearing debt = interest-bearing debt - cash and cash equivalents - time deposits
Note: N et debt-to-equity ratio = (interest-bearing debt - cash and cash equivalents - time deposits)/shareholders' equity
626.98
781.57
891.49
842.04
861.51
1,711.2 182.0
2,048.7 194.3
1,744.7 277.0
1,268.5 162.9
Japan Americas Europe and CIS China Asia and Oceania Middle East and Africa
10
Financial Highlights (Consolidated)
Sales of construction, mining and utility equipment by region (to outside customers)
Billions of yen 2,500 2,000 1,500 1,000 500 0
2007/3 2008/3 2009/3 2010/3
Segment profit
Billions of yen 350 280 210 140 70 0
2007/3 2008/3 2009/3 2010/3
Japan Americas Europe and CIS China Asia and Oceania Middle East and Africa
232.6 20.3
317.8 19.9
180.4 12.8
83.0 2.9
13.5 10.0
15.5 9.2
10.3 4.2
6.5 1.7
34,597 158
33,863 146
39,267 166
39,855 165
38,518 144
Note: S tarting in the fiscal year ended March 31, 2009, Komatsu changed its business segments, and thus some figures of sales by operation and segment information for the fiscal years, ended March 31, 2008 and 2007, are presented after reclassifying according to the new segmentation.
Net sales
627.3
758.5
926.7
787.0
457.6
60.6
98.1
135.5
40.0
(1.1)
11
Billions of yen 100 80 60 40 20 0
2006/3 2007/3 2008/3 2009/3 2010/3
Yen 100 80 60 40 20 0
2006/3 2007/3 2008/3 2009/3 2010/3
Net income
32.6
82.8
96.8
9.3
2.3
32.53
83.34
97.28
9.45
2.46
Net income
1Q Construction, mining and utility equipment Industrial machinery and others 398.4 30.9
2Q 409.6 49.3
3Q 416.8 34.2
4Q 486.3 67.5
1Q 501.8 39.0
2Q 487.6 51.4
3Q 500.4 48.5
4Q 558.7 55.2
1Q 534.0 72.7
2Q 516.1 88.3
3Q 378.4 52.9
4Q 316.0 62.9
1Q 284.6 35.7
2Q 284.9 40.6
3Q 316.8 41.0
4Q 382.0 45.5
12
Financial Highlights (Consolidated: Quarterly)
1Q Japan Americas Europe and CIS China Asia and Oceania Middle East and Africa 103.0 139.5 66.4 31.9 53.6 34.8
Sales of construction, mining and utility equipment by region (to outside customers)
Billions of yen 600 480 360 240 120 0
2007/3 2008/3 2009/3 2010/3
1Q Japan Americas Europe and CIS China Asia and Oceania Middle East and Africa 83.3 134.2 66.3 28.2 51.4 34.8
Note: S tarting in the fiscal year ended March 31, 2009, Komatsu changed its business segments, and thus some figures of sales by operation and segment information for the fiscal years, ended March 31, 2008 and 2007, are presented after reclassifying according to the new segmentation.
% 20 15 10 5 0 -5 1Q 2Q 59.8 13.0 3Q 58.1 12.9 4Q 78.3 14.1 1Q 81.4 15.1 2Q 80.3 14.9 3Q 78.7 14.3 4Q 94.0 15.3 1Q 81.6 13.5 2Q 77.7 12.9 3Q 41.5 9.6 4Q (12.3) (3.2) 1Q 8.4 2.6 2Q 12.9 4.0 3Q 20.8 5.8 4Q 38.5 9.0
53.4 12.4
13
Financial Highlights (Consolidated: Quarterly)
1Q Construction, mining and utility equipment Industrial machinery and others 51.7 2.0
2Q 55.5 5.8
3Q 54.9 4.0
4Q 70.4 8.4
1Q 78.2 3.8
2Q 74.5 6.4
3Q 74.7 4.9
4Q 90.3 4.7
1Q 78.3 4.7
2Q 70.3 9.1
3Q 39.3 2.3
4Q (7.6) (3.4)
1Q 7.4 2.8
2Q 13.3 0.7
3Q 23.3 (1.3)
4Q 38.9 0.7
1Q Construction, mining and utility equipment Industrial machinery and others 12.9 5.8
2Q 13.5 10.3
3Q 13.1 10.2
4Q 14.5 11.7
1Q 15.6 8.7
2Q 15.2 11.4
3Q 14.9 9.2
4Q 16.1 7.5
1Q 14.6 6.1
2Q 13.6 9.6
3Q 10.4 4.0
4Q (2.4) (4.8)
1Q 2.6 7.2
2Q 4.7 1.8
3Q 7.4 (3.2)
4Q 10.2 1.5
Note: S tarting in the fiscal year ended March 31, 2009, Komatsu changed its business segments, and thus some figures of sales by operation and segment information for the fiscal years, ended March 31, 2008 and 2007, are presented after reclassifying according to the new segmentation.
Capital Investment
Capital investment and depreciation and amortization
Billions of yen 175 140 105 70 35 0
2007/3 2008/3 2009/3 2010/3
Construction, mining and utility equipment Industrial machinery and others Total Depreciation and amortization
Note: S tarting in the fiscal year ended March 31, 2009, Komatsu changed its business segments, and thus some figures for the fiscal years, ended March 31, 2008 and 2007, are presented after reclassifying according to the new segmentation.
Construction, mining and utility equipment Industrial machinery and others Total
Construction, mining and utility equipment Industrial machinery and others Total
% 3.5 2.8 2.1 1.4 0.7 0.0 Note: S tarting in the fiscal year ended March 31, 2009, Komatsu changed its business segments, and thus some figures for the fiscal years, ended March 31, 2008 and 2007, are presented after reclassifying according to the new segmentation.
Construction, mining and utility equipment Industrial machinery and others Percentage of net sales
Approaches
Construction, Mining and Utility Equipment
In order to develop construction, mining and utility equipment that can be used in various parts of the world, Komatsu has established research and development centers in Japan and overseas and has encouraged joint research and development programs as well as personnel exchanges. With the goal of assisting its customers improve their productivity, Komatsus medium- and long-term research and development objectives are as follows. < To make advancements in the use of information and communication technology (ICT) > Komatsu has been engaged in the research and development of ICT, (which enables remote management of equipment by obtaining information regarding machine locations, operating conditions and vehicle health, via state-of-the-art GPS, remote sensing and telecommunication technologies), control technology and articial intelligence. Equipment with control systems and management systems using these technologies has been rapidly penetrating the construction and mining equipment market. Komatsu is striving to achieve the complete automation of its equipment. Komatsu has made advances in ICT construction to the next stage from the perspective of the customer. < To increase the environmental friendliness of its products > Komatsu has made advances in research and development relating to energy conservation, component recycling and reuse, and the evaluation of environmental impact through lifecycle assessment techniques based on the belief that it is possible to reduce environmental impact while achieving economic efciency. In particular, in recent years, Komatsus rst priority in research and development has been to develop technology to reduce fuel consumption by its machines, which leads to both CO2 emission reduction and economic benets to customers. Komatsu introduced the world's rst hybrid hydraulic excavator on the Japanese market and then the Chinese market. Komatsu is also making preparations for its diesel-engine machines to meet the stringent clean-air standards phased in by Japan, the US and the EU starting in 2011. Komatsu is continuously seeking to develop new technology for cleaner exhaust gas to meet stricter emissions standards that are to become effective in the future. In addition, Komatsu has worked to improve the working conditions for machine operators by improving safety measures and reducing noise and vibration levels of its machines. In the business of forklift trucks, Komatsu Utility Co., Ltd. has introduced 2-and 3-ton series of diesel engine models on the Japanese and overseas markets.
15
Research and Development
Financial Statements
Consolidated
The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.
Millions of yen
1,431,564 Net sales 1,101,559 Cost of sales Selling, general and 249,286 administrative expenses (13,684) Other operating income (expenses) 67,035 Operating income Other income (expenses) 6,158 Interest and dividend income (8,502) Interest expense 288 Other-net (2,056) Other income (expenses) Income before income taxes and equity 64,979 in earnings of affiliated companies 25,364 Income taxes 39,615 Income before equity in earning of affiliated companies 1,588 Equity in earnings of affiliated companies 41,203 Net income Less net income attributable to (7,644) noncontrolling interests 33,559 Net income attributable to Komatsu Ltd. 16
Financial Statements
$ 15,393 11,845 2,680 (147) 721 66 (91) 3 (22) 699 273 426 17 443 (82) $ 361
Note : * U.S. dollar amounts are converted and rounded off only for reference at a rate of 93 = US$1.00, the prevailing rate announced by the Federal Reserve Bank of New York on March 31, 2010.
Common stock Balance at March 31, 2009 Cash dividends Transfer to retained earnings appropriated for legal reserve Other changes Comprehensive income Net income Other comprehensive income (loss), net of tax Foreign currency translation adjustments Net unrealized holding gains on securities available for sale Pension liability adjustments Net unrealized holding gains on derivative instruments Total comprehensive income Issuance and exercise of stock acquisition rights Purchase of treasury stock Sales of treasury stock Balance at March 31, 2010 67,870
Retained earnings Capital Appropriated Unapprosurplus for legal priated reserve 140,092 28,472 719,222 (25,180) 3,511 (3,511)
Total NonKomatsu Ltd. controlling Total equity shareholders interests equity 33,393 848,334 (3,368) (28,548) 2,531 41,203
2,531 7,644
33,559
(34,755) 833,975
42,824
876,799
Financial Statements
Assets
Current assets Cash and cash equivalents Time deposits Trade notes and accounts receivable Inventories Deferred income taxes and other current assets Long-term trade receivables Investments Property, plant and equipment less accumulated depreciation Other assets Total
Millions of yen
Millions of yen
1,040,121 82,429 1,132 447,693 396,416 112,451 150,972 86,868 525,100 155,994 1,959,055
$ 11,184 886 12 4,814 4,263 1,209 1,623 934 5,646 1,677 $ 21,065
Millions of yen
Operating activities 41,203 Net income Adjustments to reconcile net income to net cash provided by (used in) operating activities: 91,319 Depreciation and amortization (7,358) Deferred income taxes Net loss (gain) from sale of investment (679) securities and subsidiaries (373) Net loss (gain) on sale of property 2,244 Loss on disposal of fixed assets 3,332 Impairment loss on long-lived assets (55) Pension and retirement benefits, net Changes in assets and liabilities: (71,459) Decrease (increase) in trade receivables 117,707 Decrease (increase) in inventories (8,354) Increase (decrease) in trade payables 11,311 Increase (decrease) in income taxes payable 3,323 Other, net 182,161 Net cash provided by (used in) operating activities Investing activities Capital expenditures Proceeds from sale of property Proceeds from sale of available for sale investment securities Purchases of available for sale investment securities Proceeds from sale of subsidiaries and equity investees, net of cash disposed Acquisition of subsidiaries and equity investees, net of cash acquired Collection of loan receivables Disbursement of loan receivables Decrease (increase) in time deposits Net cash provided (used in) investing activities (92,401) 11,212 1,005 (4,826) 661 1,107 11,559 (667) (617) (72,967)
$ 443
982 (79) (7) (4) 24 36 (1) (768) 1,266 (90) 122 36 1,959 (994) 121 11 (52) 7 12 124 (7) (7) (785) 1,674 (786) (1,495) (336) 1 (271) (39) (1,251) (10) (87) 974 $ 886
641,746 Current liabilities Short-term debt (including current 229,394 maturities of long-term debt) 207,024 Trade notes, bills and accounts payable 22,004 Income taxes payable 183,324 Deferred income taxes and other current liabilities 440,510 Long-term liabilities 1,082,256 Total long-term liabilities Komatsu Ltd. shareholders equity 67,870 Common stock 140,421 Capital surplus 756,073 Retained earnings (95,634) Accumulated other comprehensive income (loss) (34,755) Treasury stock 833,975 Total Komatsu Ltd. shareholders equity 42,824 Noncontrolling interests 876,799 Total equity 1,959,055 Total
$ 6,900 2,467 2,226 237 1,971 4,737 11,637 730 1,510 8,130 (1,028) (374) 8,967 460 9,428 $ 21,065
17
Financial Statements
Financing activities 155,641 Proceeds from long-term debt (73,052) Repayments on long-term debt (139,067) Increase (decrease) in short-term debt, net (31,240) Repayments of capital lease obligations 132 Sale purchase of treasury stock, net (25,180) Dividends paid (3,597) Other, net (116,363) Net cash provided by (used in) financing activities Effect of exchange rate change on cash (965) and cash equivalents Net increase (decrease) in cash and (8,134) cash equivalents 90,563 Cash and cash equivalents, beginning of year 82,429 Cash and cash equivalents, end of year
Note : * U.S. dollar amounts are converted and rounded off only for reference at a rate of 93 = US$1.00, the prevailing rate announced by the Federal Reserve Bank of New York on March 31, 2010.
Financial Statements
Consolidated
Business Segment Information
Millions of yen
83,061 2,998 86,059 (5,340) 80,719 (13,684) 67,035 6,158 (8,502) 228 64,979
18
Financial Statements
Geographic Information
Net sales recognized by geographic origin and property, plant and equipment
Millions of yen
Note : N o individual country within Europe or other areas had a material impact on net sales or property, plant and equipment. There were no sales to a single major external customer for the year ended March 31, 2010.
Supplemental Information
The following information is disclosed in the light of the disclosure requirement of Japanese Securities and Exchange Law.
Information by region
Millions of yen
Americas Overseas sales Consolidated net sales Ratio of overseas sales to consolidated net sales (%) 323,984 22.7
Notes : 1 . Overseas sales represent the sales of the Company and its consolidated subsidiaries to areas other than Japan. 2. Area segments are separated by the geographic proximity. 3. Main countries or areas of each segment above are as follows: a) Americas : North America and Latin America b) Europe and CIS : Germany, U.K. and Russia c) Other : China, Oceania, Southeast Asia, Middle East and Africa
Komatsu established in 1921, is a diversified provider of industrial-use products and services. While remaining an international leader in the field of construction and mining equipment, the Komatsu Group engages in other businesses, such as utility equipment (compact machines), forest machines, industrial machinery, logistics and other solutions-based operations. By upholding "Quality and Reliability" as the most important management policy, Komatsu is resolutely committed to providing safe, innovative products and services that best meet the needs and expectations of its customers around the world.
Categories
Main products
Hydraulic excavators, Wheel loaders, Bulldozers, Motor graders, Dump trucks, Articulated dump trucks Mini hydraulic excavators, Skid steer loaders, Backhoe loaders, Mini wheel loaders, Forklift trucks Harvesters, Forwarders, Feller-bunchers Mobile crushers, Mobile soil stabilizers, Mobile tub grinders, Mobile screens Demolition, Slag handling, Airport, etc.
Construction and Mining Equipment Utility Equipment (Compact Machines) Forest Machines Recycling Equipment Other Specific Equipment
Engines, Components and Casting Products Metal Forging and Stamping Presses Sheet-Metal Machines Machine Tools
Large presses, Small and medium-sized presses, Forging presses, Servo presses
Press brakes, Shears, Laser cutting machines, Fine plasma cutting machines Crankshaft millers, Transfer machines, Machining centers, Wire saws
19
Products and Applications
[Product Range]
PC01 Bucket capacity : 0.008m3 Operating weight : 300kg PC8000 Bucket capacity : 42m3 Operating weight : 720,000kg
Wheel loaders
Used for loading excavated earth and rocks, ranging from small wheel loaders for civil engineering to super-large ones for mining.
[Product Range]
WA10 Bucket capacity : 0.16m3 Operating weight : 1,065kg WA1200 Bucket capacity : 20m3 Operating weight : 210,200kg
20
Products and Applications
Bulldozers
Designed for excavating earth and hauling excavated rocks as well as capable for leveling earth.
[Product Range]
D21A Blade capacity : 0.57m3 Operating weight : 3,940kg D575A Super Dozer Blade capacity : 69m3 Operating weight : 152,600kg Bulldozer [D475A] Motor grader [GD655]
Notes: 1. These products are manufactured at Komatsu and its subsidiaries all around the world. Please refer to the production items for each company on pages 28-31. 2. The machines shown are examples of typical models. Some machines are available only in particular countries or regions.
[Product Range]
HD255 MAX. payload : 25,000kg 960E MAX. payload : 327,000kg
Backhoe loaders
Backhoe loaders are versatile, multipurpose machine that can be used as an excavator and as a loader.
Forklift trucks
Designed for use in material handling. Internal combustion and electric forklift trucks are available. Electric forklift truck [Hybrid electric forklift truck AE50 Series] Internal combustion forklift truck [AX50/BX50 Series] Large internal combustion forklift truck [EX50 Series]
21
Products and Applications
Forest Machines
Forest machines are heavy machines typically used in felling trees or machines that haul the logs to a roadside landing. Harvester Forwarder
Harvesters
Harvesters are either wheeled or tracked, and fitted with a harvester head capable of delimbing, measuring, and felling the trees. The head has complex features, such as grasping, feeding, measuring and cutting the trees.
Forwarders
Forwarders carry logs from the stump to a roadside landing.
Feller-buncher
Feller-bunchers
Feller-bunchers are used to fell the trees fast and efficiently.
Notes: 1. These products are manufactured at Komatsu and its subsidiaries all around the world. Please refer to the production items for each company on pages 28-31. 2. The machines shown are examples of typical models. Some machines are available only in particular countries or regions.
Demolition
Super-long boom and arm for demolition
Metal recycle
Magnet and lifting cab
Steel plant
Radio control and heat resistance spec [D155AX]
General Construction
Super-long front
Airport
Towing tractor [WT500E]
22
Products and Applications
Tunneling Machines
Shield machines Tunnel boring machines (TBMs) Small-diameter pipe jacking machines (Ironmole)
Designed for excavating tunnels for roadways, railways and combined use. Ironmole is designed for excavating earth and burying drain and other pipes by the non-open excavation method. Slurry shield Ironmole
Notes: 1. These products are manufactured at Komatsu and its subsidiaries all around the world. Please refer to the production items for each company on pages 28-31. 2. The machines shown are examples of typical models. Some machines are available only in particular countries or regions.
Sheet-Metal Machines
Offerings include shears to cut sheet metals, press brakes to shape sheet metals as well as fine plasma and laser cutting machines to curve-cut sheet metals. Press brake [PBZ Series]
Komatsu Industries Corporation
Machine Tools
Offerings include transfer machines, crankshaft millers and grinding machines to manufacture engine parts, machining centers, wire saws to slice silicon ingots, and components for liquid crystal manufacturing equipment. Crankshaft miller [GPM Series]
Komatsu Machinery Corporation
Others
Defense-related equipment
Manufactures armored vehicles and ammunitions for the Ministry of Defense, Japan. Light armored vehicle
Thermoelectric modules
Thermoelectric semiconductor devices capable of highprecision temperature control by switching polarity for heating and cooling. Used for temperature control of laser diodes in fiber optic communication networks. Thermoelectric modules
KELK Ltd.
23
Products and Applications
Excimer lasers
Light sources for leading-edge semi con ductor lithography tools that require high resolution.
Excimer laser
GIGAPHOTON INC.
Engineering
Welding robot system
Komatsu Engineering Corp.
CSS-Net
CSS-Net offers electronic parts books, service manuals and other materials which are needed for after-sale services, such as ordering spare parts and requesting repairs. Designed to share information among Komatsu Group companies on the Internet, this service takes advantage of cloud computing. This service is also available for customers.
Full Web Djvu
CSS Portal
Notes: 1. The company name on the photo shows the manufacturer of the product. 2. The machines shown are examples of typical models. Some machines are available only in particular countries or regions.
In the construction and mining equipment business, Komatsu is not only engaged in the manufacture and sale of new equipment around the world, but also promoting various types of business that contribute to productivity enhancements and problem solutions on the part of its customers.
KOMTRAX Plus machine management system for mines KOMTRAX Plus is a fleet management system for large equipment for use in mining, which enables to obtain detailed information concerning the conditions of machines via satellite communications. Komatsu and distributors can analyze vehicle health and other operating conditions and provide the information to jobsite using the Internet from a remote location on a near-real time basis. As a result, customers can receive vehicle maintenance on an appropriate timing to avoid major technical trouble, and thus reduce their maintenance expenses and downtime costs.
GPS
Component Supplier
Komatsu
Distributor
KOMTRAX Terminal
GPS antenna KOMTRAX Controller Communication antenna Web Application Server Modem Internet Machine Data Server
Product Design
Support
Parts Supply & Maintenance based on R&M contract
Manufacturing
WebCARE Database
Jobsite
Controller A
Communication
Satellite & PC Download
Support Center
24
Products and Applications
Controller B
KOMTRAX Plus
On-Boad system Common in all machines
Machine Customer / Distributor
Autonomous Haulage System (AHS) AHS is a high-speed fleet management system based on 930E super-large dump trucks. AHS makes contributions to mining operation by improving its safety and productivity, while enhancing the operating rate and reliability of dump trucks. As a result, it is able to reduce owning and operating costs in total. Dump trucks, equipped with a high-precision GPS, an obstacle detection sensor and a wireless network system made by Modular Mining Systems, Inc., are controlled from the fleet control operations center for unmanned hauling. Information on target course and speed is sent from the fleet management system to dump trucks via the wireless network system, and dump trucks run on the target course at the target speed by assessing their position via GPS. Loading machines, such as hydraulic excavators and wheel loaders, are also equipped with GPS for the fleet management system to determine the position of their buckets, and the system automatically guides the dump trucks to the designated loading position. The system also sends information concerning a route to the unloading site to ensure safe and precise unloading. The fleet management system also prevents collisions between dump trucks and manned machines, such as service vehicles, bulldozers and motor graders, working inside the mine. If another vehicle or person should come close to the AHScontrolled area, the obstacle detection sensor of dump trucks detects it and the concerned dump truck will make an emergency stop to ensure safety.
Fleet Control
Hauling Road
Loading Site
CSS Portal
The CSS Portal supports the performance of parts and service people by connecting parts books, service manuals, the health monitoring systems (KOMTRAX/KOMTRAX Plus) and quality information organically as a strong tool of after market area.
KOMTRAX
Error Code
CSS Portal
Show Repair Method Error List by machine Original Quality Info.
Troubleshooting KOMTRAX
Quality Information
Failure Service News Top Page Operation Manual Shop Manual Parts Book
CSS Portal
Parts Book Shop Manual Operation Manual Service News Machine information Base Information Model/Serial number/Error code/ Spec. Information Key word
CSS-Net
Blade Control System Based on 3D Position Information Komatsus blade control system measures the position of blades of bulldozers and motor graders as 3D information to the millimeter level by using Global Navigation Satellite Systems and TS (Total Station) type. This system compares the position information of blades and 3D construction design data, and automatically controls the blades precisely according to the design, thereby eliminating the need for setting up construction guide poles, surveying and subsequent modification work. Because this system improves the operating rate of construction equipment, it shortens the construction period substantially, thus reducing CO2 emissions as well. Jobsite safety is also enhanced with no need for surveying and resetting up guide poles while machines are working.
25
Global Operations
Manufacturing Operations of Construction, Mining and Utility Equipment, and Forest Machines Manufacturing Operations of Construction, Mining and Utility Equipment, and Forest Machines
Americas Assembly Plants 4 3 7 Europe CIS 6 3 9 Asia China (Exc. China & Japan) 4 5 9 3 5 8 Japan 6 6 12 Total 23 22 45
Komatsu designates those production bases with development capabilities around the world as Mother plants and position them as the core of global production. The Mother plants play an important part in achieving a target cutback on the production cost when a new model is developed or an existing machine is model changed. They are also assigned with a task of strengthening the production competitive edge of their daughter plants that manufacture the same models as well as that of their own.
Note: Komatsu (Shandong) Cast Steel Co., Ltd plans to launch production in 2011. Therefor, it is not included above.
Americas
Company Location
Tennessee, U.S.A. Illinois, U.S.A. South Carolina, U.S.A. Indiana, U.S.A. Texas, U.S.A. So Paulo, Brazil So Paulo, Brazil
2 4 1 3 8 10 14 9 13
Cummins Komatsu Engine Company Hensley Industries, Inc. Komatsu do Brasil Ltda. Atommix Industria e Comercio Ltda.
12
11
Location
Komatsu UK Ltd. Komatsu Hanomag GmbH Komatsu Mining Germany GmbH Komatsu Utility Europe S.p.A. Stavmek s.r.o. Komatsu Forest AB Komatsu KVX LLC KRANEKS International Co., Ltd. Komatsu Manufacturing Rus, LLC
Birtley, U.K. Hannover, Germany Dsseldorf, Germany Este, Italy Mnichovo Hradiste, Czech Ume, Sweden Klepp stasjon, Norway Ivanovo, Russia Yaroslavl, Russia
6 7
26
Global Operations
11 12 13 14 15 16
Global Operations
Overseas production ratio (%) Overseas production ratio in overseas net sales (%)
Note: The figures before FY2006 does not contain the production of forklift trucks.
46 62
49 62
49 62
50 61
50 61
59 72
China
Company
26 27 28 29 30 16 15 31 32 33 34
Location
Komatsu (Changzhou) Construction Machinery Corp. Jiangsu Komatsu (Changzhou) Foundry Corp. Jiangsu Komatsu Shantui Construction Machinery Co., Ltd. Shandong Komatsu Hydraulics Manufacturing Co., Ltd. Shandong Hensley Lingfeng Co., Ltd. Zhejiang Komatsu Power Generation Systems (Shanghai) Ltd. Shanghai Komatsu Undercarriage China Corp. Shandong Komatsu Utility (China) Machine Co., Ltd. Komatsu (Shandong) Cast Steel Co., Ltd Shandong Shandong
28 29 32 33 34 26 27 31 30
35 36 37 38 39 40 41 42 43 44 45 46
Japan
Company Location
23 24 25 21 22
Komatsu Ltd.
35 36 37 17 18 19 20 38 39 40 41 42 43
Awazu Plant Kanazawa Plant Osaka Plant Rokko Plant Ibaraki Plant Oyama Plant Koriyama Plant Shonan Plant
Ishikawa Ishikawa Osaka Hyogo Ibaraki Tochigi Fukushima Kanagawa Tochigi Tochigi Toyama Tochigi Shiga
27
Global Operations
Komatsu Utility Co., Ltd. Komatsu Cummins Engine Co., Ltd. Komatsu Castex Ltd. Head Office, Manufacturing Div. Manufacturing Div. (CB Production Dept., Oyama Sec.)
Asia
Company
17 18 19 20 21 22 23 24 25
44 45
Location
PT Komatsu Indonesia PT Komatsu Undercarriage Indonesia PT Komatsu Forging Indonesia PT Komatsu Patria Attachment Bangkok Komatsu Co., Ltd. Bangkok Komatsu Industries Co., Ltd. CABTEC THAI Co., Ltd. L&T-Komatsu Limited Komatsu India Pvt. Ltd.
Jakarta, Indonesia Bekasi, Indonesia Bekasi, Indonesia Bekasi, Indonesia Chonburi, Thailand Chonburi, Thailand Chachoengsao, Thailand Bangalore, India Chennai, India
46
2 1 1 5
4 4 3
5 6 2 3 7
Manufacturing Operations
Company Location
28
Global Operations
Tennessee, U.S.A. Illinois, U.S.A. South Carolina, U.S.A. Indiana, U.S.A. Texas, U.S.A. So Paulo, Brazil So Paulo, Brazil
44 105 19 * 33 53 13
4 5 6
Peoria Manufacturing Operation 3 Newberry Manufacturing Operation Cummins Komatsu Engine Company Hensley Industries, Inc. Komatsu do Brasil Ltda. Atommix Industria e Comercio Ltda.
Medium-sized hydraulic excavators, articulated dump trucks, forest machines (crawler type) Large dump trucks Wheel loaders, forklift trucks Large diesel engines Buckets, teeth, edges, adapters Medium-sized hydraulic excavators, small and medium-sized wheel loaders, medium-sized bulldozers, motor graders Sheet metal products and hydraulic tubings for construction equipment
Sales Operations
Subsidiaries of Construction and Mining Equipment
1
Location
Location
Komatsu America Corp. Illinois, U.S.A. 2 Komatsu Brasil International Ltda. So Paulo, Brazil 3 Komatsu Cummins Chile Ltda. Santiago, Chile Distributors North America : 33, Latin-America : 33, Total : 66
Komatsu Forklift U.S.A., LLC Illinois, U.S.A. Distributors North America : 87, Latin-America : 18, Total : 105 Sales Companies of Forest Machines
5
Global Operations
14 13 13 15 14 16 15 10 12
17 8
9 7 10 6 11 9 16 12
8 11
Manufacturing Operations
Area (Unit:1000m ) Company Location Site Buildings 8 Komatsu UK Ltd. Birtley, U.K. 200 72 9 Komatsu Hanomag GmbH Hannover, Germany 212 51 10 Komatsu Mining Germany GmbH Dsseldorf, Germany 111 41 11 Komatsu Utility Europe S.p.A. Este, Italy 146 56 12 Stavmek s.r.o. Mnichovo Hradiste, Czech 128 22 13 Komatsu Forest AB Ume, Sweden 38 16 14 Komatsu KVX LLC Klepp stasjon, Norway 15 KRANEKS International Co., Ltd. Ivanovo, Russia 2 2 16 Komatsu Manufacturing Rus, LLC Yaroslavl, Russia 500 50
2
Sales Operations
Subsidiaries of Construction and Mining Equipment
6 7 8 9 10
Location
Location
Komatsu Europe International N.V. Komatsu Mining Germany GmbH Komatsu Italia S.p.A. Komatsu France S.A.S
Distributors
13
Sales Companies of Forest Machines Komatsu Forest Oy 14 Komatsu Forest Sweden HB 15 Komatsu Forest AS 16 Komatsu Forest GmbH 17 Komatsu Forest Ltd.
Global Operations
Large and medium-sized hydraulic excavators Wheeled hydraulic excavator, small and medium-sized wheel loaders, mini wheel loaders Super-large hydraulic excavators Mini excavators, backhoe loaders, skid steer loaders Sheet metal products for construction equipment Forest machines (wheel type) Teeth, edges Metal works for hydraulic excavators Medium-sized hydraulic excavators
29
Manufacturing Operations
Company Location
17 18 19
26
25 23
PT Komatsu Indonesia
Jakarta, Indonesia Bekasi, Indonesia Bekasi, Indonesia Bekasi, Indonesia Chonburi, Thailand Chonburi, Thailand Chachoengsao, Thailand Bangalore, India Chennai, India
PT Komatsu Undercarriage Indonesia PT Komatsu Forging Indonesia 20 PT Komatsu Patria Attachment 21 Bangkok Komatsu Co., Ltd. 22 Bangkok Komatsu Industries Co., Ltd. 23 CABTEC THAI Co., Ltd. 24 L&T-Komatsu Limited 25 Komatsu India Pvt. Ltd.
Area (Unit:1000m ) :Assembly Plant Main Products Manufactured Site Buildings Medium-sized hydraulic excavators, small and medium-sized bulldozers, 162 71 motor graders, dump trucks and hydraulic equipment Undercarriage components and spare parts 43 11 Track link for bulldozers and hydraulic excavators 31 15 Buckets and blades for mining equipment 30 3 Medium-sized hydraulic excavators, wheel loaders and backhoe loaders 81 39 Cast iron parts for forklift trucks and construction equipment 34 18 Parts of cab for construction equipment 21 6 Small and medium-sized hydraulic excavators 267 55 Dumptrucks 240 8
2
Sales Operations
Subsidiaries and Offices of Construction and Mining Equipment Location Subsidiary of Forklift Trucks
24 25
Location
Komatsu Asia & Pacific Pte Ltd PT Komatsu Marketing & Support Indonesia 20 Bangkok Komatsu Sales Co., Ltd. 21 Komatsu Parts Asia Co., Ltd. 22 Komatsu India Pvt. Ltd. 23 Komatsu Australia Pty. Ltd.
18 19
Singapore Jakarta, Indonesia Samutpprakam, Thailand Chonburi, Thailand Bangalore, India Sydney, Australia
Forklift Division, Komatsu Asia & Pacific Pte Ltd. Komatsu Forklift Australia Pty Ltd.
Asia : 18, Oceania : 11, Total : 29
Distributors
26
Newington, Australia
Distributors
China
30
28 29 32 33 34
Global Operations
26 27 31 27 28 30
Manufacturing Operations
Company Location 26 Komatsu (Changzhou) Construction Machinery Corp. Jiangsu 27 Komatsu (Changzhou) Foundry Corp. Jiangsu 28 Komatsu Shantui Construction Machinery Co., Ltd. Shandong 29 Komatsu Hydraulics Manufacturing Co., Ltd. Shandong 30 Hensley Lingfeng Co., Ltd. Zhejiang 31 Komatsu Power Generation Systems (Shanghai) Ltd. Shanghai 32 Komatsu Undercarriage China Corp. Shandong 33 Komatsu Utility (China) Machine Co., Ltd. Shandong 34 Komatsu (Shandong) Cast Steel Co., Ltd Shandong
* Located in Komatsu Shantui Construction Machinery Co., Ltd.
:Assembly Plant
Medium-sized hydraulic excavators, medium-sized wheel loaders, dump trucks Iron castings and parts for construction equipment and industrial vehicles, foundry molds Small and medium-sized hydraulic excavators Hydraulic equipment Teeth, adapters Generators Crawler components Mini excavators, forklift trucks Steel castings, patterns for casting
Sales Operations
Subsidiaries of Construction and Mining Equipment
27
Location
Shanghai
Location
Shanghai
Shanghai Office
18
Distributors
Distributors
Global Operations
30
Sales Operations
Subsidiaries and Offices of Construction and Mining Equipment
29 30
31 32
Location
Komatsu Middle East FZE Dubai, U.A.E. Nairobi Office Nairobi, Kenya 31 Komatsu Southern Africa (Pty) Ltd. Johannesburg, South Africa 32 Johannesburg Office Johannesburg, South Africa 33 Alger Office Alger, Algeria Distributors Middle East : 9, Africa : 10, Total : 19 Distributors of Forklift Trucks Middle East : 13, Africa : 10, Total : 23
Japan
41 36 45 35 38 37 46 40 43 44 39 42
Manufacturing Operations
Company Location Komatsu Ltd.
35 36
31
Global Operations
Awazu Plant
Ishikawa Ishikawa Osaka Hyogo Ibaraki Tochigi Fukushima Kanagawa Tochigi Tochigi Toyama Tochigi Shiga
Kanazawa Plant 37 Osaka Plant 38 Rokko Plant 39 Ibaraki Plant 40 Oyama Plant 41 Koriyama Plant 42 Shonan Plant 43 Komatsu Utility Co., Ltd. 44 Komatsu Cummins Engine Co., Ltd. 45 Komatsu Castex Ltd. Head Office, Manufacturing Div. Manufacturing Div. (CB Production Dept., Oyama Sec.) 46 Komatsu Cabtec Co., Ltd.
Small and medium-sized hydraulic excavators, small and medium-sized wheel loaders, small and medium-sized bulldozers, motor graders Super-large hydraulic excavators Medium-sized and large hydraulic excavators, large bulldozers, recycling equipment Super-large hydraulic excavators, super-large bulldozers Dump trucks, articulated dump trucks, large wheel loaders, large wheel dozers Diesel engines, hydraulic equipment, axle Hydraulic equipment Controllers, monitors, KOMTRAX terminals, hybrid components Forklift trucks, mini excavators, mini wheel loaders Small diesel engines Steel castings, iron castings, patterns for casting Iron castings, patterns for casting Cabs, air conditioning equipment
* Komatsu Cummins Engine Co., Ltd and Komatsu Castex Ltd. (Oyama Manufacturing Div.)are located at Oyama Plant of Komatsu Ltd.
Sales Operations
Construction and Mining Equipment Forklift Trucks
17 14
Distributors
10
Global Operations
Product Support Operations of Construction and Mining Equipment
Parts Centers
Region Location Region Location
Tennessee, U.S.A. Pennsylvania, U.S.A. Nevada, U.S.A. Colorado, U.S.A. Minnesota, U.S.A. Oregon, U.S.A. Georgia, U.S.A. Florida, U.S.A. Edmonton, Canada Toronto, Canada So Paulo, Brazil Santiago, Chile Vilvoorde, Belgium Dsseldorf, Germany Moscow, Russia Yeketerinburg, Russia Khabarovsk, Russia Kuzbass, Russia
Chonburi, Thailand Jakarta, Indonesia Balikpapan, Indonesia Nagpur, India Sydney, Australia Perth, Australia Brisbane, Australia Shanghai Guangdong Sichuan
Middle East and Dubai, U.A.E. Africa Johanesburg, South Africa Japan Hokkaido Tochigi Ishikawa Osaka Fukuoka
[ Reman (Re-manufacturing) ]
Komatsu puts a great effort into the Reman business. This business remanufactures used engines and other major components for construction and mining equipment. Remanufactured major components are put on sale again after having acquired nearly as good quality as brand new ones. Komatsu has so far established 7 Reman centers in 5 countries in the world. When a certain component in a customers machine brakes down, wears out or deteriorates, this business makes it possible to replace it with a nearly new one with speed and at an economical price. The Reman business has another commendable feature: it not only reuses the original materials, but it generates as much as 90 percent less CO2 emission in its remanufacturing process, compared to the production of brand new equivalent components. Thus it is another environment-friendly business of Komatsu.
Reman Centers
Region Location
Antofagasta, Chile Jakarta, Indonesia (2) Balikpapan, Indonesia Brisbane, Australia Shanxi Johannesburg, South Africa
32
Global Operations
[ Training ]
Komatsu now operates 21 training centers in 18 countries of the world. Training there offers Komatsus customers a course on safe and functional use of Komatsu products. Another important mission of those training facilities is to provide sales people as well as after-sale service engineers from its distributors with training for marketing and technical service. A separate course having the similar purpose is also in place for those who work for Komatsu Group companies.
Training Centers
Region Location Region Location
Georgia, U.S.A. So Paulo, Brazil Santiago, Chile Brussels, Belgium Newcastle, U.K. Hannover, Germany Dsseldorf, Germany Este, Italy Moscow, Russia Ashgabat, Turkmenistan
Singapore Jakarta, Indonesia Sydney, Australia Jiangsu Dubai, U.A.E. Johannesburg, South Africa Senegal, Dakar Kenya, Nairobi Tochigi Shizuoka Osaka
Global Operations
6 5 3 1 9 10 2 4 8 14 12 11 13 7 8 1 7 2 3 4 5 6
9 10 11
Manufacturing Operations
Company Location
Ishikawa, Japan
220
25
Notes: *1. Komatsu Industries Corporation is located in Kanazawa Plant of Komatsu Ltd. *2. Komatsu Machinery Corporation is located in Awazu Plant of Komatsu Ltd. *3. GIGAPHOTON INC. is located in Oyama Plant of Komatsu Ltd. *4. Komatsu Ltd. Defense Systems Division is located in Awazu Plant of Komatsu Ltd.
Sales Operations
Sales Companies of Industrial Machinery Location
Industrial Machinery Operation, Press Technology Division, Komatsu America Corp. Industrial Machinery Operation, Large Size Press Division, Komatsu America Corp. 3 Industrial Machinery Operation, Machine Tool Division, Komatsu America Corp. 4 NTC AMERICA Corporation 5 Komatsu Industries Europe GmbH 6 NIPPEI TOYAMA EUROPE GmbH 7 Komatsu Industries (Thailand) Co., Ltd. 8 NIPPEI TOYAMA (THAILAND) Co., Ltd. 9 Industrial Machinery Division, Komatsu India Pvt. Ltd. 10 Nippei Toyama India Private Limited 11 Komatsu Industries (Shanghai) Ltd. 12 NIPPEI TOYAMA SHANGHAI TRADING Co., Ltd. 13 Guangzhou Office, Komatsu Industries (Shanghai) Ltd. 14 NTC (Changzhou) Semiconductor Equipment Co., Ltd.
1 2
Illinois, U.S.A. Michigan, U.S.A. Michigan, U.S.A. Michigan, U.S.A. Rsselsheim, Germany Rsselsheim, Germany Samutprakarn, Thailand Samutprakarn, Thailand Gurgaon, India Pune, India Shanghai, China Shanghai, China Guangdong, China Jiangsu, China
Global Operations
Fukuno Plant, Komatsu NTC Ltd. Toyama, Japan 126 51 5 Toyama Plant, Komatsu NTC Ltd. Toyama, Japan 52 28 6 Komatsu Engineering Corporation Ishikawa, Japan 18 7 7 KELK Ltd. Kanagawa, Japan 1 8 YNC/YIDA NIPPEI MACHINE TOOL Corporation Liaoning, China 50 35 Others 9 Gigaphoton INC. Tochigi, Japan *3 *3 10 Defense Systems Division, Komatsu Ltd. Ishikawa, Japan *4 *4 11 Komatsu House Ltd. Aichi, Japan 43 9
4
Presses Press brakes, shears, plasma cutting machine Crankshaft millers, multiplex machine tools, components for liquid crystal panels manufacturing Transfer machines, machining centers, laser cutting machines Grinding machines Welding robots, testing devices Thermoelectric modules, temperature control equipment Transfer machines, machining centers Excimer laser Armored vehicles, ammunitions Prefabricated commercial-use structures
33
Market Forces
Construction, Mining and Utility Equipment Global Demand for Seven Major Products *1
Demand by Region
Units 350,000 Japan China North America Others*2 Europe Composition ratio (%) 100
280,000
80
210,000
60
140,000
40
70,000
20
2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3
2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3
280,000
80
210,000
60
140,000
40
70,000
20
2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3
2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3
34
Market Forces
280,000
280,000
210,000
210,000
140,000
140,000
70,000
70,000
2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3
2001/3 2002/3 2003/3 2004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3
Notes: *1. S even major products consist of hydraulic excavators (crawler type and wheel type), wheel loaders, bulldozers, motor graders, and dump trucks (rigid type and articulated type), excluding utility equipment. *2. Other regions consist of Asia (excluding Japan and China), Oceania, Latin America, CIS, Middle East and Africa. *3. Utility equipment consist of mini hydraulic excavators, mini wheel loaders, backhoe loaders and skid steer loaders.
Billions of yen
400 320 240 160 80 0
Amount of orders
Growth rate
% 35
Market Forces
35 70
2005
2006
2007
2008
2009
Years
Internal combustion forklift trucks Electric forklift trucks Total
Source : Komatsu Ltd. Note : Electric forklift trucks include walkie-type and reach-type forklift trucks.
Industrial Machinery Orders Received by Member Companies of Japan Forming Machinery Association
Years
Amount of orders (Billions of yen) Growth rate (%) compared with the previous year
Billions of yen
400 320 240 160 80 0
Amount of orders
Growth rate
% 35
0 35 70
Note : Large, medium-sized and small presses, sheet-metal machinery as well as product support among Komatsu's industrial machinery meet Japan Forming Machinery Association's categorization, while steel processing machines, machine tools, robots, and parts are not included.
2005
2006
2007
2008
2009
35
Internal combustion forklift trucks
Market Forces
Shuji Yamashita
Sale and service of industrial-use, railcar and marine engines as well as generators
January 8, 1985 60
50 million 100.0%
Yasuki Sato
Tsuyoshi Nakatani
36
Subsidiaries and Affiliates
Americas
Company Name [Abbreviated Name] URL / Address / TEL FAX Representative Outline of Operations Established Number of Employees Subscribed Capital Participation (%)
David W. Grzelak
Manufacture and sale of February 17, 1970 construction and mining equipment 1,704 and supervision in the Americas
Darrem Wildman
November 1, 1993 47
50.0%
Kiyotaka Tatsumikawa
Manufacture and sale of buckets, September 3, 1947 teeth, edges and adapters for 432 construction and mining equipment
Notes: 1.The table lists those companies which run business to have relations with Komatsu irrespective of Komatsus equity ownership. 2.Company and representative names are as of June 30, 2010 3.Number of employees and subscribed capital are as of March 31, 2010 4.The figure of participation(%) represents the percentage of voting stock (including indirect ownership by other Komatsu Group companies).
37
Manufacture of burning plates, September 2, 1996 sheet metal products and hydraulic 303 tubing for construction equipment
July 1, 1998 85
Peter J. Howe
Gksel Gner
Stavmek s.r.o. 38
Subsidiaries and Affiliates UI.5 Kvetna 1505, 295 01 Mnichovo Hradiste, Czech Republic TEL 420-326-340-700 FAX 420-326-771-021
Yuji Shiratsuchi
April 1, 2002 79
MarcWilson
Carsten Bo Andersen
Manufacture and sale of teeth and edges for construction and mining equipment
July 1, 1998 14
Hideyuki Takatsuki
Yuri A. Tokaev
February 9, 1998 42
39
Subsidiaries and Affiliates
Notes: 1.The table lists those companies which run business to have relations with Komatsu irrespective of Komatsus equity ownership. 2.Company and representative names are as of June 30, 2010 3.Number of employees and subscribed capital are as of March 31, 2010 4.The figure of participation(%) represents the percentage of voting stock (including indirect ownership by other Komatsu Group companies).
Bambang Haryanto
April 8, 2009 71
January 5, 2010 35
Toshio Kubo
Tetsuhito Takahashi
Manufacture and sale of cast iron parts for forklift trucks and construction equipment
S. Subramanian
Koji Yamada
January 1, 2006 Manufacture, sale and service of construction and mining equipment 178
Notes: 1.The table lists those companies which run business to have relations with Komatsu irrespective of Komatsus equity ownership. 2.Company and representative names are as of June 30, 2010 3.Number of employees and subscribed capital are as of March 31, 2010 4.The figure of participation(%) represents the percentage of voting stock (including indirect ownership by other Komatsu Group companies).
41
Subsidiaries and Affiliates
Ziguang Wang
Masatoshi Nakamura
Tsugunori Yamamoto
Industrial Zone, He Hua Bridge, Yunlong Town, Ningbo, Zhejiang 315135, China TEL 86-574-8847-4588 FAX 86-574-8834-5728
Kiyotaka Tatsumikawa
Manufacture and sale of buckets April 30, 2004 teeth and adapters for construction 434 equipment
No.8 Jiada Road Jining High Newly Area, Shandong, China TEL 86-537-236-3802 FAX 86-537-232-9999
Yoshio Yoshino
Manufacture of hydraulic equipment Manufacture and sale of crawler components of construction equipment Manufacture and sale of steel castings (Scheduled to launch production in 2011)
Masaru Setoguchi
42
Subsidiaries and Affiliates
Hiroki Inada
Corner Diesel & Isando Roads, Isando 1600, Republic of South Africa TEL 27-11-923-1000 FAX 27-11-923-1335
Michael A. Blom
Toshikazu Karasawa
January 1, 1999 60
Notes: 1.The table lists those companies which run business to have relations with Komatsu irrespective of Komatsus equity ownership. 2.Company and representative names are as of June 30, 2010 3.Number of employees and subscribed capital are as of March 31, 2010 4.The figure of participation(%) represents the percentage of voting stock (including indirect ownership by other Komatsu Group companies).
43
Subsidiaries and Affiliates
Americas
Company Name [Abbreviated Name] URL / Address / TEL FAX Representative Outline of Operations Established Number of Employees May 13, 1976 174 Subscribed Capital Participation (%) US$23 million 100.0%
Europe
Company Name [Abbreviated Name] Address / TEL FAX Representative Outline of Operations Manufacture of construction equipment Established Number of Employees November 25, 1996 438 Subscribed Capital Participation (%) EUR6 million 100.0%
Enrico Prandini
44
Subsidiaries and Affiliates
China
Company Name [Abbreviated Name] URL / Address / TEL FAX Representative Outline of Operations Established Number of Employees Subscribed Capital Participation (%) RMB92 million 100.0%
Tetsuro Kajiya
May 13, 1994 Manufacture, sale and service of presses and sheet-metal machines 314
Manufacture, sale and service of machine tools and semiconductor material processing equipment
Manufacture and sale of thermoNovember 1, 1966 electric modules andtemperature159 control equipment
Americas
Company Name [Abbreviated Name] URL / Address / TEL FAX Representative Outline of Operations Established Number of Employees Subscribed Capital Participation (%)
45
Subsidiaries and Affiliates
Europe
Company Name [Abbreviated Name] URL / Address / TEL FAX Representative Outline of Operations Sale and service of presses and sheet-metal machines Established Number of Employees December 5, 1969 8 Subscribed Capital Participation (%) EUR1,500 thousand 100.0%
Notes: 1.The table lists those companies which run business to have relations with Komatsu irrespective of Komatsus equity ownership. 2.Company and representative names are as of June 30, 2010 3.Number of employees and subscribed capital are as of March 31, 2010 4.The figure of participation(%) represents the percentage of voting stock (including indirect ownership by other Komatsu Group companies).
Masahide Sunata
January 1, 2006 36
Shouji Ishida
China
Company Name URL / Address / TEL FAX Representative Outline of Operations Established Number of Employees Subscribed Capital Participation (%)
January 1, 2004 72
46
Subsidiaries and Affiliates
Takeshirou Miyazaki
May 8, 2007 7
Finance Japan
Company Name [Abbreviated Name] URL / Address / TEL FAX Representative Outline of Operations Established Number of Employees January 27, 1987 28 Subscribed Capital Participation (%) 1,770 million 100.0%
Americas
Company Name [Abbreviated Name] URL / Address / TEL FAX Representative Outline of Operations Financing within the Komatsu Group and fundraising Established Number of Employees March 18, 1996 Subscribed Capital Participation (%) US$140 million 100.0%
Gary Kasbeer
Ben Norris
November 1, 1991 47
100.0%
Europe
Company Name [Abbreviated Name] Address / TEL FAX Representative Outline of Operations Established Number of Employees Subscribed Capital Participation (%) EUR141 million 100.0%
Michel Martens
Michel Martens
47
Subsidiaries and Affiliates
Kengo Kagawa
April 3, 1995 14
Masahiko Kanagawa
Notes: 1.The table lists those companies which run business to have relations with Komatsu irrespective of Komatsus equity ownership. 2.Company and representative names are as of June 30, 2010 3.Number of employees and subscribed capital are as of March 31, 2010 4.The figure of participation(%) represents the percentage of voting stock (including indirect ownership by other Komatsu Group companies).
Keisuke Kakuno
Kingoro Fudetani
Notes: 1.The table lists those companies which run business to have relations with Komatsu irrespective of Komatsus equity ownership. 2.Company and representative names are as of June 30, 2010 3.Number of employees and subscribed capital are as of March 31, 2010 4.The figure of participation(%) represents the percentage of voting stock (including indirect ownership by other Komatsu Group companies).
48
Subsidiaries and Affiliates
Directory
(As of June 30,2010)
Head Office
2-3-6, Akasaka, Minato-ku, Tokyo 107-8414, Japan General Affairs Corporate Communications 23, Tsu, Futsu-machi, Komatsu-shi, Ishikawa 923-0392, Japan 1-1, Onomachi-Shinmachi, Kanazawa-shi, Ishikawa 920-0225, Japan 3-1-1, Ueno, Hirakata-shi, Osaka 573-1011, Japan 4-6, Kouyoucho-nishi, Higashinada-ku, Kobe-shi, Hyogo 658-0033, Japan 163-46, Nagasuna, Hitachinaka-shi, Ibaraki 312-0004, Japan 3-25-1, Shinomiya, Hiratsuka-shi, Kanagawa 254-8555, Japan 400, Yokokura shinden, Oyama-shi, Tochigi 323-8558, Japan 1-1, Machiikedai, Koriyama-shi, Fukushima 963-0215, Japan 1200, Manda, Hiratsuka-shi, Kanagawa 254-8567, Japan 697, Tokunaga, Izu-shi, Shizuoka 410-2506, Japan
81-3-5561-2609 81-3-5561-2616 81-761-43-4711 81-76-237-2200 81-72-840-6102 81-78-855-0127 81-29-265-2370 81-463-22-8415 81-285-28-8111 81-24-959-3955 81-463-35-9206 81-558-83-2930
Awazu Plant Kanazawa Plant Osaka Plant Rokko Plant Ibaraki Plant Shonan Plant Oyama Plant Koriyama Plant Research Division Techno Center
Overseas offices
Address TEL 52-81-8220-3100 507-282-0170 66-0-38-465824-29 84-4-7664717 63-2-667-3294 95-1-651511 60-3-5510-1308 254-20-2714066 213-21-81-47-67 92-51-2290878
Mexico Office Panama Office Bangkok Office Hanoi Office Manila Office Yangon Office Kuala Lumpur Office Nairobi Office Alger Office Islamabad Office
Carr. Miguel Aleman Km. 15.5, Apodaca, N.L., C.P.66600 Mexico Ocean Business Plaza #2304, Ave. Aquilino De La Guardia y Calle 47, P.O. Box 0831-01086, Panama, Republic of Panama Amatanakorn Industrial Estate, 700/21 Moo 5, Bangna-Trad Road, T. Klongtamru, A. Muang, Chonburi 20000, Thailand 204, V-Tower, 649 Kim Ma, Ba Dinh District, Hanoi, Vietnam Unit W-3301B West Tower, Philippine Stock Exchange Center, Exchange Road, 1605 Ortigas Center, Pasig City, Philippines Unit 304, International Business Center, No.88 Pyay Road, 6 1/2 Miles, Hlaing Township, Yangon, Myanmar c/o UMW Corporation sdn, Bhd, Jalan Utas 15/7, P.O.Box 7052, 40915 Shah Alam, Selangor Darul Ehsan, Malaysia Victoria Towers, 6th Floor, Kilimanjaro Avenue, Upper Hill, P.O.Box 13573, Nairobi 00800, Kenya Zone Industrielle voie C No 212 Rouiba Alger, Algeria #314, Street 16, F-10/2, Islamabad, Pakistan
49
Directory
Company History
1917: Jan. T akeuchi Mining Industry (founded in 1894) established Komatsu Iron Works to manufacture machine tools and mining equipment for in-house use. 1921: May Komatsu Iron Works separated from Takeuchi Mining Industry to become Komatsu Ltd. 924: 1 Komatsu built its first press, a 450-ton sheet-forming press. 1931: Oct. Produced Japans first crawler-type farm tractor. 1935: Oct. Began production of high-grade castings and special steel materials after years of research. 1938: Mar. Established the Awazu Plant. 1941: Nov. Began production of large hydraulic presses. 1943: Jan. Produced the Komatsu Model 1 Ground Leveling Machine (the prototype of Japans bulldozers). Dec. Completed construction of a large press-assembly shop at the Komatsu Plant. 947: Dec. Introduced the D50 bulldozer. 1 1948: Feb. Began production of diesel engines. 951: Aug. 1 Relocated head office from Ishikawa (Komatsu City) to Tokyo. 1952: Oct. Opened the Osaka Plant. Oct. Began production of motor graders. Dec. Established the Kawasaki and Himi plants following the acquisitions of Ikegai Automobile Manufacturing Company and Chuetsu Electro Chemical Co., Ltd., respectively. 953: Jan. Began production of forklift trucks. 1 Nov. Began production of dump trucks and special-purpose vehicles. 1954: Mar. Began production of shell-mold precision castings. 1955: Jan. Exported motor graders to Argentina (Komatsus first export of construction equipment). Aug. Exported 400-ton multipurpose hydraulic presses to Argentina (Komatsus first export of presses). 1956: Sep. Began production of shovel loaders. 1958: Sep. Signed a technical assistance agreement with Indias Ministry of Defense to locally manufacture tractors. 1961: Sep. Introduced the company-wide quality control (QC) program. Nov. Signed a technology tie-up agreement for diesel engines with Cummins Engine Co., Inc. of the United States. 1962: Dec. Opened the Oyama Plant. 1963: Jan. Entered technology license tie-up with Bucyrus-Erie of the United States concerning hydraulic excavators (terminated in March 1981). 1964: Opened Komatsus first overseas liaison office in India. Nov. Received the Deming Prize for quality control. Dec. Reached agreement for a joint venture with International Harvester of the United States (terminated in January 1982). 1965: Began production of wheel loaders.
1966: Mar. Completed construction of the present Tokyo Head Office (Komatsu Building). 1967: Jan. Established N.V. Komatsu Europe S.A., Komatsus first overseas subsidiary in Belgium. 1968: Oct. Began production of hydraulic excavators. Dec. Completed construction of an integrated production facility for diesel engines at the Oyama Plant. 970: Feb. 1 1971: Jan. 1972: Dec. 1973: Apr. 1974: Sep. Established Komatsu America Corp. in the United States. Established Komatsu Singapore Pte Ltd. in Singapore. Launched the business of small presses. Completed construction of the Himi Plant for steel castings. Established Dina Komatsu Nacional S.A. de C.V. in Mexico.
1975: Apr. Komatsu do Brasil Ltda. produced the D50A bulldozer, marking Komatsus first offshore production of construction equipment. 1977: Oct. Marketed the small-diameter pipe jacking system. 978: Dec. Established Komatsu Australia Pty., Ltd. in Australia. 1 1980: Jul. Developed a super-large combination press line. 1981: Nov. Received the Japan Quality Control Prize. 1982: Dec. Established PT Komatsu Indonesia (production began in 1983) in Indonesia. 1984: Mar. Introduced laser machines on the market. 1985: Feb. Established Komatsu America Manufacturing Corp. in the United States. Aug. Established Komatsu America Industries LLC in the United States. Dec. Established Komatsu UK Ltd. in the United Kingdom. 1986: Aug. Established Komatsu Industries Europe GmbH in Germany. 1988: Sep. Established Komatsu Dresser Company in the United States. 1989: Jul. Equity participation in Hanomag AG of Germany. Dec. Established Komatsu Europe International N.V. in Belgium to coordi-nate and expand Komatsus operations in Europe. 1990: Dec. Completed construction of a leading-edge FA facility for hydraulic equipment at the Oyama Plant. Dec. Completed construction of a leading-edge FA facility for hydraulic excavator assembly at the Osaka Plant. 1991: Mar. Introduced a new corporate brand logotype and issued a corporate policy statement. Oct. Established NS Komatsu Pty. Ltd. in Australia (renamed Komatsu Australia Pty. Ltd. in June 2001). Nov. Completed construction of casting plant at PT Komatsu Indonesia. Nov. Equity participation in Fai S.p.A. in Italy. 1993: Sep. Established Applied Komatsu Technologies, Inc., a joint venture to produce LCD manufacturing systems, with Applied Materials, Inc. of the United States (sold to Applied Materials in October 1999). Oct. Established Komatsu Cummins Engine Co., Ltd. and Cummins Komatsu Engine Company.
50
Company History
Company History
1994: Jan. Established Komatsu Huanan Ltd. Jun. Established Komatsu Industries Corporation and Komatsu Machinery Corporation. Aug. Completed construction of a transmission assembly plant at the Awazu Plant. 1995: Mar. Established Komatsu Saigon Co., Ltd. May Established Komatsu Changlin Construction Machinery Co., Ltd. (renamed Komatsu (Changzhou) Construction Machinery Corporation in November 2000). May Hanomag AG renamed Komatsu Hanomag AG. Aug. Established Komatsu Shantui Construction Machinery Co., Ltd. Sep. Established Komatsu Changlin Foundry Corporation (renamed Komatsu (Changzhou) Foundry Corporation in November 2000). Sep. Established FKI Fai Komatsu Industries S.p.A. (renamed Komatsu Utility Europe S.p.A. in June 2000). Oct. Concluded the sales and service agency contract for laser cutting machines with TRUMPF GmbH+Co. KG of Germany. Nov. Established Bangkok Komatsu Co., Ltd. 1996: Jan. Komatsu Dresser Company renamed Komatsu America International Company. (renamed Komatsu America Corp. in April 2002) Jan. Established Demag Komatsu GmbH (renamed Komatsu Mining Germany GmbH in February 1999). Mar. Established Komatsu (Shanghai) Ltd. Jul. Established Komatsu Asia & Pacific Pte Ltd. 1997: Feb. Established Komatsu Southern Africa (Pty) Ltd. Apr. Established Komatsu Mining Systems, Inc. in the United States. Jul. Established Komatsu Utility Corporation in the United States. 1998: Jan. Established Industrial Power Alliance Ltd. in Japan. 1999: Jan. Established Komatsu Middle East FZE. in U.A.E. Apr. Integrated Komatsu MEC Corp. and Komatsu EST Corp. May Established Komatsu Cummins Chile Ltda. 2000: Feb. Agreed to establish global collaboration with the Linde Group of Germany in the manufacture and sale of forklift trucks and related products. Apr. Agreed to extend the existing tie-up in the sheet metal machine business on more of an international basis with TRUMPF GmbH+Co. KG of Germany. Aug. Established GIGAPHOTON INC. Dec. Acquired Hensley Industries, Inc., a construction and mining equipment component maker of the united states. Dec. Decided to establish PT Komatsu Undercarriage Indonesia to manufacture components for construction equipment crawlers. 2001: Jan. Established Komatsu (China) Ltd. 2002: Jan. Founded "Newberry Manufacturing Operation,"a facility for utility equipment, in the United States. Mar. Five plants in Japan achieved "Zero Emission." Apr. Established Komatsu Italia S.p.A. Apr. Signed a letter of intent with Volvo Construction Equipment for the production of wheel loader cabs for Komatsu. Oct. Komatsu Forklift and Komatsu Zenoah transformed into wholly owned subsidiaries. Oct. Reached a basic agreement with Hitachi Construction Machinery for collaboration in production and procurement of construction and mining equipment.
003: Oct. 2 Established Komatsu Forklift (Shanghai) Co., Ltd. 2004: Jan. Acquiring Partek Forest AB in Sweden (renamed Komatsu Forest AB). Jan. Established Komatsu Industries (Shanghai) Ltd. Apr. Established Hensley Lingfeng Co., Ltd. Jun. Established Komatsu Zenoah (Shandong) Machine Co., Ltd. (renamed Komatsu Hydraulics Manufacturing Co., Ltd. in November 2007). Jun. Established Komatsu Power Generation Systems (Shanghai) Ltd. Aug. Established Komatsu Forklift Manufacturing (China) Co., Ltd. (renamed Komatsu Utility (China) Machine Co., Ltd. in November 2007). Sep. Established PT Pandu Dayatama Patria. 2005: Jul. Sold polysilicon business (ASiMI) to SGS Holdings Inc., the U.S. subsidiary of the Norwegian company Renewable Energy Corporation. Oct. Developed the engine technology ecot3 compliant to Tier III emission standards. 2006: Oct. Sold out 51% of Komatsu Electronic Metals stock to SUMCO CORPORATION. 2007: Jan. Completed the construction of three new plants, i.e. Ibaraki Plant, Kanazawa Plant (both in Japan) and Chennai Plant (in India). Apr. Integrated Komatsu Forklift Co., Ltd. and Komatsu Zenoah into new Komatsu Utility Co., Ltd. Oct. Established Komatsu Undercarriage China Corp. 2008: Feb. Established Komatsu Manufacturing Rus, LLC in Russia. Mar. Made NIPPEI TOYAMA Corporation (renamed Komatsu NTC Ltd. in October 2008) a wholly owned subsidiary. Jun. Introduced hybrid hydraulic excavator. Dec. Began operation of the autonomous haulage systems at the mine of Rio Tinto in Australia. 2009: Apr. Reorganized Japanese sales and service structure for construction equipment and established Komatsu Construction Equipment Sales and Service Japan Ltd. Nov. Executed a basic agreement to jointly advance the Bio Diesel Fuel Pilot Project in Indonesia with PT Adaro Energy Tbk and PT United Tractors Tbk.
51
Company History
Printed in Japan
HEFA100740
2-3-6 Akasaka, Minato-ku Tokyo 107-8414, Japan http://www.komatsu.com/ Corporate Communications Department TEL : 81-3-5561-2616 FAX : 81-3-3505-9662