Annual Report 2007 - Komatsu

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Financial Highlights Komatsu Ltd. and Consolidated Subsidiaries Years ended March 31, 2007,2006 and 2005 Thousands of U.S. dollars Millions of yen (except per (except per share amounts) share amounts) 2007 2006 2005 2007 Net sales ¥1,893,343 ¥1,612,140 ¥1,356,071 $16,045,280 Japan 487,103 482,825 479,007 4,127,992 Overseas 1,406,240 1,129,315 877,064 11,917,288 Operating income 244,741 163,428 95,862 2,074,076 Operating income ratio 12.9% 10.1% 7.1% — Income from continuing operations before income taxes, minority interests and equity in earnings of affiliated companies 236,491 155,779 91,869 2,004,161 Net income 164,638 114,290 59,010 1,395,237 Net income per share—basic ¥ 165.70 ¥ 115.13 ¥ 59.51 140.42¢ —diluted ¥ 165.40 ¥ 114.93 ¥ 59.47 140.17¢ ROE 23.5% 20.8% 13.1% — ROA 13.5% 10.0% 6.6% — Total assets 1,843,982 1,652,125 1,449,068 15,626,966 Shareholders’ equity 776,717 622,997 477,144 6,582,347 Shareholders’ equity ratio 42.1% 37.7% 32.9% — Shareholders’ equity per share ¥ 781.57 ¥ 626.98 ¥ 481.27 662.35¢ Capital investment 129,680 113,934 76,907 1,098,983 Research and development expenses 46,306 44,560 41,123 392,424 Number of employees 33,863 34,597 33,008 — Sales by Operation Millions of yen Thousands of U.S. dollars 2007 2006 2005 2007 Construction and Mining Equipment ¥1,567,723 ¥1,291,223 ¥1,061,161 $13,285,788 Industrial Machinery, Vehicles and Others 298,022 279,497 248,487 2,525,610 Electronics 27,598 41,420 46,423 233,882 Net sales ¥1,893,343 ¥1,612,140 ¥1,356,071 $16,045,280 Sales by Region Millions of yen Thousands of U.S. dollars 2007 2006 2005 2007 Japan ¥ 487,103 ¥ 482,825 ¥ 479,007 $ 4,127,992 The Americas 537,836 477,718 355,561 4,557,932 Europe and CIS 324,071 232,329 195,281 2,746,364 China 129,443 89,667 51,987 1,096,975 Asia (excluding Japan and China) and Oceania 252,768 213,719 190,458 2,142,102 The Middle East and Africa 162,122 115,882 83,777 1,373,915 Net sales ¥1,893,343 ¥1,612,140 ¥1,356,071 $16,045,280 In accordance with Statement of Financial Accounting Standards No.144 "Accounting for the Impairment or Disposal of Long-Lived Assets," the consolidated statements of income in the prior years have been retrospectively reclassified for discontinued operations. The above sales by region are presented based on sales destination. The term "Capital investment" should be distinguished from the term "Capital expenditures" as used in the consolidated statements of cash flows. The term "Capital investment" is defined to refer to the acquisition of property, plant and equipment including properties under capital leases on an accrual basis which reflects the effects of timing differences between acquisition dates and payment dates. The United States dollar amounts represent translations of Japanese yen amounts at the rate of $1=¥118. See Note 1 of Notes to Consolidated Financial Statements. 2 Annual Report 2007
Net Sales* Billions of yen 2,000 Operating Income* and Operating Income Ratio* Billions of yen % 250 15.0 Income from Continuing Operations before Income Taxes, Minority Interests and Equity in Earnings Affiliated Companies* and ROA* Billions of yen % 250 15.0 1,600 200 12.0 200 12.0 1,200 150 9.0 150 9.0 800 100 6.0 100 6.0 400 50 3.0 50 3.0 0 0 0.0 0 0.0 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 Operating Income* Operating Income Ratio* Income from Continuing Operations before Income Taxes, Minority Interests and Equity in Earnings Affilitaed Companies* ROA* Net Income and ROE Shareholders’ Equity and Shareholders’ Equity Ratio Capital Investment* Billions of yen % 200 25.0 Billions of yen % 1,000 50.0 Billions of yen 150 160 20.0 800 40.0 120 120 15.0 600 30.0 90 80 10.0 400 20.0 60 40 5.0 200 10.0 30 0 0.0 0 0.0 0 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 Net Income ROE Shareholders’ Equity Shareholders’ Equity Ratio * In accordance with Statement of Financial Accounting Standards No.144, the consolidated statements of income in the prior years have been retrospectively reclassified for discontinued operations. 3 Annual Report 2007
Page 1 and 2: Annual Report 2007
Page 3: UPWARD Fifth Consecutive Year of Gr
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 and 38: change. These are the first updates
Page 39 and 40: Financial Section Financial Review.
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
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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
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Consolidated Statements of Sharehol
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Notes to Consolidated Financial Sta
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NOTES TO CONSOLIDATED FINANCIAL STA
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Report of Independent Registered Pu
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Directors, Auditors and Officers (A
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KOMATSU GROUP INVESTMENT HOLDINGS S
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2-3-6 Akasaka, Minato-ku Tokyo 107-
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Annual Report 2007 - Komatsu

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