[japanese stock］Komatsu

6301 (TSE Prime)

Market Capitalization: ¥3.67 trillion
Stock Price: ¥3,700
Revenue: ¥2.8 trillion
Operating Profit: ¥317 billion

Business Description: Construction machinery manufacturer
Founded: 1921
Headquarters: Komatsu Building, 2-3-6 Akasaka, Minato-ku, Tokyo, Japan 🇯🇵
Key Executives: Toru Ohashi (Chairman of the Board), Hiroyuki Ogawa (President & CEO)
Number of Employees: Consolidated: 62,774, Standalone: 11,927

Overview

Komatsu Ltd. is a leading Japanese manufacturer of construction and mining machinery headquartered in Minato-ku, Tokyo. It is commonly referred to as “Komatsu” in katakana, and the English name is “KOMATSU.” The company focuses on businesses such as construction machinery, vehicles, industrial machinery, and logistics, with a significant global presence. Komatsu has a leading share in the global construction machinery market, manufacturing products such as hydraulic excavators, bulldozers, and dump trucks. They also engage in the production of industrial machinery and semiconductor-related equipment.

Komatsu Ltd. Headquarters

Founded in 1921, after separating from Takeuchi Mining in Komatsu City, Ishikawa Prefecture, Komatsu Ltd. has a long history. Following the development of Japan’s first domestically produced tractor and the completion of a bulldozer, the company entered bulldozer production shortly after World War II. It dominates the domestic market and competes globally with Caterpillar Inc. Komatsu widely manufactures construction machinery such as excavators, graders, and forklifts. The company sold its semiconductor manufacturing subsidiary in 2006 and its agricultural machinery business in 2007 to focus on its core operations. The headquarters is in Tokyo, with factories in Awazu, Osaka, and Oyama, among others.

Products & Business Model

The Komatsu Group primarily engages in the manufacturing and sales of construction and mining machinery, which are active in construction sites and mining operations worldwide. In FY2022, consolidated net sales reached ¥3.5435 trillion, with over 90% coming from the construction machinery and vehicle business, and the remainder from the retail finance (financial) business and industrial machinery businesses such as semiconductor manufacturing equipment and automotive manufacturing equipment.

sales

Currently, the construction machinery and vehicle business has 60 production sites worldwide. The sales composition by region is approximately 10% domestic and 90% overseas, reflecting a balanced global business expansion.

Sales Composition by Business

Komatsu Group classifies Japan, North America, and Europe as traditional markets, while Latin America, CIS, China, Asia, Oceania, the Middle East, and Africa are considered strategic markets. The company tailors product and sales strategies to the characteristics of each region. In FY2022, traditional markets accounted for 46% of sales in the construction machinery and vehicle business, while strategic markets represented 54%.