Annual Report 2007 - Komatsu

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Review of Operations Electronics Net Sales Segment Profit Billions of yen 50 Billions of yen 7.5 % 15.0 40 30 5.0 10.0 20 10 2.5 5.0 0 0 0.0 2005 2006 2007 2005 2006 2007 Overseas Japan Segment profit Segment profit ratio Years ended March 31 Komatsu Electronics Inc., a wholly owned subsidiary engaging in the production and sale of temperature-control equipment for semiconductor manufacturing, expanded sales for the year. However, consolidated net sales from the electronics operation declined 33.4% from the previous year, to ¥27.5 billion (US$234 million). The decline in sales reflects the sale of the polycrystalline silicon business executed last fiscal year. While segment profit of this operation declined 29.8% from the previous year, to ¥2.1 billion (US$18 million), segment profit ratio increased to 7.7%, up 0.3 points from the previous year. ---------- * Sales made to external customers after elimination of internal sales Silicon Wafer Business Sold We have positioned “industrial-use machinery” which includes construction and mining equipment as well as industrial machinery in the broad sense as our core business. Concerning the electronics business which included the silicon wafer business of Komatsu Electronic Metals Co., Ltd. (currently SUMCO TECHXIV CORPORATION), we worked to ensure independent management strength and promote business growth through alliance with a leading partner. Under this initiative, Komatsu Ltd. accepted SUMCO CORPORATION’s tender offer for 51.0% of Komatsu Electronic Metals Co., Ltd. stock in October 2006. The Company had held a total of 61.9%. Therefore, Komatsu Electronic Metals and its subsidiaries are no longer consolidated in our business results. ---------- Notes: 1) Income from the sale and operating results related to the discontinued operations are excluded from sales and segment profit of the electronics business. The changes in percentage from the previous years were obtained after reclassifying the previously reported amounts accordingly. 2) Starting in the current fiscal year ending March 31, 2008, Komatsu is including the electronics business in the new Industrial Machinery, Vehicles and Others segment. Komatsu Electronics-made temperature-control equipment for dry etchers 36 Annual Report 2007
Financial Section Financial Review...................................................................................................................................................................................................... 38 Five-Year Summary .................................................................................................................................................................................................. 48 Consolidated Balance Sheets ................................................................................................................................................................................... 50 Consolidated Statements of Income ......................................................................................................................................................................... 52 Consolidated Statements of Shareholders’ Equity...................................................................................................................................................... 53 Consolidated Statements of Cash Flows ................................................................................................................................................................... 54 Notes to Consolidated Financial Statements ............................................................................................................................................................. 55 Management’s Report on Internal Control over Financial Reporting .......................................................................................................................... 88 Report of Independent Registered Public Accounting Firm ........................................................................................................................................ 89 37 Annual Report 2007
Page 1 and 2: Annual Report 2007
Page 3 and 4: UPWARD Fifth Consecutive Year of Gr
Page 5 and 6: Net Sales* Billions of yen 2,000 Op
Page 7 and 8: profit. Net income for the year, th
Page 9 and 10: Interview with Kunio Noji, Presiden
Page 11 and 12: previous tasks of enhancement of ou
Page 13 and 14: With respect to the development of
Page 15 and 16: Q Lastly, could you introduce The K
Page 17 and 18: public accounting firm when the fir
Page 19 and 20: The KOMATSU Way It was a journey of
Page 21 and 22: The KOMATSU Way Corporate Governanc
Page 23 and 24: Brian Kober, Vice President, Corpor
Page 25 and 26: Bruce Nelson Senior Manager, Manufa
Page 27 and 28: Social Activities Management We ha
Page 29 and 30: Review of Operations Trends and Per
Page 31 and 32: Japan While public-sector investmen
Page 33 and 34: Research and Development We are pro
Page 35 and 36: Global Manufacturing Operation for
Page 37: change. These are the first updates
Page 41 and 42: FINANCIAL REVIEW and mining equipme
Page 43 and 44: FINANCIAL REVIEW wholly owned subsi
Page 45 and 46: FINANCIAL REVIEW cash used in inves
Page 47 and 48: FINANCIAL REVIEW 5 Environmental la
Page 49 and 50: FINANCIAL REVIEW Interest Rate Risk
Page 51 and 52: FIVE-YEAR SUMMARY Millions of yen (
Page 53 and 54: CONSOLIDATED BALANCE SHEETS Thousan
Page 55 and 56: Consolidated Statements of Sharehol
Page 57 and 58: Notes to Consolidated Financial Sta
Page 59 and 60: NOTES TO CONSOLIDATED FINANCIAL STA
Page 89 and 90:
NOTES TO CONSOLIDATED FINANCIAL STA
Page 91 and 92:
Report of Independent Registered Pu
Page 93 and 94:
Directors, Auditors and Officers (A
Page 95 and 96:
KOMATSU GROUP INVESTMENT HOLDINGS S
Page 97:
2-3-6 Akasaka, Minato-ku Tokyo 107-
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Annual Report 2007 - Komatsu

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