Komatsu Ltd.

SMS Equipment Inc. and Komatsu have been selected to supply the load, haul and mining support fleet equipment and associated autonomous technology for Canada Nickel Company's Crawford Nickel Project in northern Ontario. Crawford is the first mine to receive Impact Assessment Agency of Canada approval through the new Major Projects Office, and it is the world's second largest nickel resource and reserve, located approximately 40 kilometres north of Timmins, Ontario. SMS Equipment, the world's largest independent Komatsu dealer, has been working with Canada Nickel on an equipment strategy covering both conventional and autonomous operations, and its recent expansion in Timmins supports major mining projects in the region. SMS Equipment President and CEO Robin Heard said the partnership advances Canada Nickel's vision for safe, sustainable and low-carbon nickel production, while Canada Nickel CEO Mark Selby said SMS Equipment's experience implementing these technologies at other Canadian operations can substantially de-risk the project's start-up and ongoing operation. Komatsu North America CEO Rod Bull said the company looks forward to bringing its advanced mining equipment and technologies to support safe, efficient and productive operations at Crawford.

Komatsu maintains high profit margins through a solutions business that leverages operating data from more than 820,000 machines, in addition to construction equipment sales. As of the end of March 2026, the number of KOMTRAX-equipped units reached 827,286, while its unmanned dump truck operation system for mining totaled 1,016 units, its forestry machinery fleet system totaled 3,875 units, and cumulative installations of hybrid hydraulic excavators reached 6,116 units. For the fiscal year ended March 2026, revenue was 4.1327 trillion yen and operating profit was 567.3 billion yen, giving an operating margin of 13.7 percent, far above the median of 7.9 percent for 158 machinery-sector companies. In the first quarter of the fiscal year ending March 2027, operating margin improved further to 14.5 percent, and net margin has exceeded the sector median in each of the past five fiscal periods. Meanwhile, the company's forecast for the fiscal year ending March 2027 calls for revenue of 4.302 trillion yen, up 4.1 percent from the previous year, but operating profit of 555 billion yen, down 2.2 percent, and net profit of 349 billion yen, down 7.3 percent, a planned profit decline. The share price rose 11.6 percent over one month to 7,414 yen on August 24, trading at 19.05 times earnings and 1.88 times book value.

Komatsu announced on July 29 that it has revised upward its full-year consolidated earnings forecast alongside the release of its first-quarter results for fiscal 2027, covering April through June 2026. Revenue came to 1.043143 trillion yen, up 14.7 percent year on year, operating profit was 151.553 billion yen, up 8.0 percent, and quarterly net profit was 96.153 billion yen, up 5.4 percent, as a weaker yen and improved selling prices supported higher revenue and profit. In the construction, mining and utility equipment business, the Americas and Africa grew strongly, while the Middle East fell 54.6 percent and Japan declined 12.0 percent, but the strength of geographic diversification lifted overall results. Even after the upward revision, full-year net profit is still expected to fall below the previous year's actual result.

Komatsu on the 29th raised its full-year consolidated net profit forecast for the fiscal year ending March 2027 to 349 billion yen, down 7.3 percent from the previous year, compared with the previous forecast of 318 billion yen. The impact of U.S. tariffs is now expected to be smaller than initially anticipated due to changes in some tariff rates, and the decline in demand from the worsening Middle East situation was also less severe than assumed at the start of the fiscal year. First-quarter consolidated net profit rose 5.4 percent year-on-year to 96.1 billion yen, with the construction machinery and vehicle segment benefiting from the weaker yen and higher sales in North America, Central and South America, and Africa. The annual dividend forecast was kept unchanged at 190 yen per share.

The U.S. construction equipment market is projected to grow at a compound annual growth rate of 3.96% from 2025 to 2031, reaching an estimated 476,905 units by 2031. Earthmoving equipment accounted for about 54% of the market in 2025, with compact earthmoving equipment leading the segment. The road construction segment is expected to expand at a 3.46% CAGR, supported by government infrastructure spending including the Bipartisan Infrastructure Law's nearly $973 billion investment. Key vendors include Caterpillar, Komatsu, Deere & Company, Volvo CE, Liebherr, and Hitachi Construction Machinery, while trends such as electrification and automation are shaping the industry.

A $1000 investment in Cummins made in June 2016 would be worth $6,175.30 as of June 17, 2026, representing a gain of 517.53% excluding dividends but including price increases. Over the same period, the S&P 500 returned 261.47% and gold returned 220.80%. Cummins continues to benefit from rising demand for backup power in data centers and has raised its outlook for the Engine and Components segments on improved North American heavy- and medium-duty truck demand. The company is also advancing long-term growth through strategic investments in clean energy technologies and a collaboration with Komatsu to develop hybrid powertrains for heavy mining equipment.