Key facts
- Komatsu previously forecast a 7% drop in net profit for the fiscal year.
- The company cited stronger-than-expected sales of construction machinery in the Americas.
Heavy equipment maker Komatsu expects its net profit for the fiscal year ending March 2027 to increase by 1% year-on-year, reaching 382 billion yen ($2.42 billion). This upward revision surpasses the company's earlier projection of a 7% decline. The improved outlook is attributed to robust sales of construction machinery in North and Latin America.