Overview
Machinery

KOMATSU LTD.

Komatsu is a global manufacturer of construction and mining equipment, including hydraulic excavators, bulldozers, dump trucks, wheel loaders, and underground mining machinery. The company also provides intelligent machine solutions such as autonomous haulage systems (AHS), fleet management systems, and Smart Construction services, targeting construction, mining, and forestry industries worldwide. Additional business segments include industrial machinery (servo presses, laser cutting machines, machine tools) and retail finance for construction and mining equipment.

Market Cap
¥5,980B
US$38.1B
EV
¥9,731B
US$62.1B
Stock¥6,708▼-1.09%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.1
x
LTM EV/EBIT
11.9
x
LTM PER
15.7
x
LTM PBR
7.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-2.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 29, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
5,980BUS$38.1BMarket Cap1,341BUS$8.55B+ Debt440BUS$2.80B− Cash12.9BUS$82.3M− Inv. Sec.2,863BUS$18.3B+ NCI9,731BUS$62.1BEV
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Performance & Balance
Revenue 5Y (¥B)
2,802US$17.9B'22/33,543US$22.6B'23/33,865US$24.7B'24/34,104US$26.2B'25/34,133US$26.4B'26/3
EBITDA 5Y (¥B)
453US$2.89B'22/3640US$4.08B'23/3764US$4.87B'24/3820US$5.23B'25/3729US$4.65B'26/3
Net Income 5Y (¥B)
225US$1.43B'22/3326US$2.08B'23/3393US$2.51B'24/3440US$2.80B'25/3376US$2.40B'26/3
Capital Structure
39%
61%
EquityD/E 1.58xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
324US$2.06B947US$6.04B'22/3301US$1.92B1,054US$6.72B'23/3413US$2.64B1,199US$7.65B'24/3396US$2.53B1,151US$7.34B'25/3453US$2.89B1,341US$8.55B'26/3
Shareholders
Top 10 hold 38.7%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
17.11%
2
Custody Bank of Japan, Ltd. (Trust Account)
6.35%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.91%
4
THE BANK OF NEW YORK MELLON AS DEPOSITARY BANK FOR DEPOSITARY RECEIPT HOLDERS (Standing Proxy: Sumitomo Mitsui Banking Corporation)
2.81%
5
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
2.06%
6
THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
1.95%
7
JP MORGAN CHASE BANK 385642 (Standing Proxy: Mizuho Bank, Ltd.)
1.50%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.45%
9
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.34%
10
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
1.25%
Management
13 officers
Hiroyuki OGAWA
Director and Chairman of the Board
Apr 1985 Joined the Company, Kawasaki Plant, Production Engineering Department, Production Engineering Section Apr 2004 Plant Manager, Chattanooga Plant, Komatsu America Corp. Apr 2007 Manager, Management Department, Osaka Plant, Production Division Apr 2010 Appointed Executive Officer Apr 2010 Plant Manager, Ibaraki Plant, Production Division Apr 2013 General Manager, Procurement Division, Production Division Apr 2014 General Representative for Indonesia and Chairman, PT Komatsu Marketing & Support Indonesia (until Mar 2016) Apr 2015 Appointed Managing Executive Officer Apr 2016 General Manager, Production Division Apr 2018 Appointed Senior Managing Executive Officer Jun 2018 Appointed Director and Senior Managing Executive Officer Apr 2019 Appointed Representative Director, President and CEO Apr 2025 Appointed Director and Chairman of the Board (current)
1961-03-23
Takuya IMAYOSHI
Representative Director, President and CEO
Apr 1987 Joined the Company, Awazu Plant, General Affairs Department, Accounting Section Aug 1998 Komatsu America Corp. (until Jul 2004) Jun 2010 Komatsu (China) Investment Co., Ltd. (until Aug 2013) May 2016 General Manager, Finance Department Apr 2017 General Manager, Finance Department and General Manager, Global Retail Finance Business Division Apr 2018 Appointed Executive Officer Apr 2018 General Manager, Management Administration Department Apr 2021 Appointed Managing Executive Officer Apr 2021 General Representative for China and Chairman, Komatsu (China) Investment Co., Ltd. Apr 2024 Appointed Senior Managing Executive Officer (in charge of Management Administration and Medium-Term Management Plan) Jun 2024 Appointed Director and Senior Managing Executive Officer Apr 2025 Appointed Representative Director, President (current) Apr 2025 CEO (current)
1963-11-14
Taisuke KUSABA
Representative Director
Apr 1989 Joined the Company, Technology Division, Product Development Office, Osaka Development Center, Management Department Aug 1996 Study abroad, Purdue University, USA (until Feb 1998) Apr 2005 Komatsu UK Ltd. (until Mar 2008) Apr 2016 Appointed Executive Officer Apr 2017 Director, Construction Machinery Development Center No. 1, Development Division Apr 2018 Director, Vehicle Development Center No. 3, Development Division May 2020 President and COO, Komatsu America Corp. Apr 2023 Appointed Managing Executive Officer Apr 2023 CTO (current) Apr 2023 General Manager, Development Division Apr 2025 Managing Executive Officer (in charge of Research and Development) Jun 2025 Apr 2026 Appointed Director and Managing Executive Officer Appointed Representative Director and Senior Managing Executive Officer (in charge of Research and Development) (current)
1965-11-02
Mitsuko YOKOMOTO
Director
Apr 1985 Joined the Company, Human Resources Department, Personnel Section Apr 2011 General Manager, General Affairs Department, Gigaphoton Inc. May 2015 General Manager, General Affairs Department, Shonan Plant, Production Division Apr 2018 General Manager, General Affairs Department Apr 2019 Appointed Executive Officer (in charge of Crisis Management) Apr 2021 Appointed Managing Executive Officer Apr 2021 General Manager, Sustainability Promotion Division Apr 2023 Managing Executive Officer (in charge of Human Resources, Education and Sustainability) Jun 2023 Appointed Director and Managing Executive Officer Apr 2025 Managing Executive Officer (in charge of Human Resources, Education, Health and Safety Management, and Sustainability) Apr 2026 Appointed Director and Senior Managing Executive Officer (in charge of Human Resources, Education, Health and Safety Management, and Sustainability) (current)
1963-01-06
Mitsuo NAKAO
Full-time Audit & Supervisory Board Member
Apr 1992 Joined the Company, Corporate Planning Office, Management Department, Accounting Section Dec 2002 Komatsu Mining Germany GmbH (until Aug 2008) May 2012 Komatsu Brasil Ltda. (until May 2016) Apr 2018 General Manager, Finance Department Apr 2020 General Manager, IR Group, Management Administration Department May 2023 General Manager, Administration Department May 2024 Assigned to the President's Office Jun 2024 Appointed Full-time Audit & Supervisory Board Member (current)
1968-05-16
Keiko FUJIWARA
Full-time Audit & Supervisory Board Member
Apr 1988 Joined the Company, Corporate Planning Office Jan 1995 NS Komatsu Ltd. (now Komatsu Australia Pty Ltd.) (until Jul 1998) Jan 2003 Komatsu Europe N.V. (until Mar 2006) Sep 2008 General Manager, Americas and Europe Business Division, Construction Machinery Marketing Division Apr 2012 Appointed Executive Officer Apr 2012 President, Komatsu Europe N.V. Apr 2016 Director, Dealer Human Resources Development Promotion Office, Construction Machinery Marketing Division Apr 2021 Director, Reform Office, Construction Machinery Solutions Division Apr 2022 Appointed Managing Executive Officer Apr 2022 General Manager, Construction Machinery Solutions Division Apr 2025 Assigned to the President's Office Jun 2025 Appointed Full-time Audit & Supervisory Board Member (current)
1965-08-22
Tsuyoshi KUNIBE
Director
Apr 1976 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Jun 2003 Appointed Executive Officer, Sumitomo Mitsui Banking Corporation Oct 2006 Appointed Managing Executive Officer, same bank Apr 2007 Appointed Managing Executive Officer, Sumitomo Mitsui Financial Group, Inc. Jun 2007 Appointed Director, same company Apr 2009 Appointed Director and Senior Managing Executive Officer, Sumitomo Mitsui Banking Corporation Apr 2011 Appointed President and Chief Executive Officer (Representative Director), same bank Apr 2017 Appointed President (Representative Director), Sumitomo Mitsui Financial Group, Inc. Apr 2017 Resigned as Director, Sumitomo Mitsui Banking Corporation Jun 2017 Appointed Director and Group CEO, Sumitomo Mitsui Financial Group, Inc. Apr 2019 Appointed Chairman of the Board, same company Jun 2020 Appointed Director of the Company (current) Oct 2021 Appointed Chairman of the Board, Sumitomo Mitsui Banking Corporation Apr 2023 Resigned as Director, same bank Jun 2025 Resigned as Director, Sumitomo Mitsui Financial Group, Inc. Jun 2025 Appointed Special Adviser, same company Mar 2026 Appointed Honorary Adviser, same company (current)
1954-03-08
Naoko SAIKI
Director
Apr 1982 Joined the Ministry of Foreign Affairs Jul 2014 Director-General, Economic Affairs Bureau, and Deputy Director-General, Cabinet Secretariat Oct 2015 Director-General, Treaties Bureau, Ministry of Foreign Affairs Jul 2017 Director-General, Foreign Service Training Institute, Ministry of Foreign Affairs Jan 2019 Retired from the Ministry of Foreign Affairs Apr 2020 Visiting Professor, Graduate School of Public Policy, The University of Tokyo Jun 2021 Appointed Director of the Company (current) Apr 2023 Advisor, Ministry of Foreign Affairs (current)
1958-10-11
Michitaka SAWADA
Director
Apr 1981 Joined Kao Soap Co., Ltd. (now Kao Corporation) Jun 2006 Appointed Executive Officer, Kao Corporation Jun 2008 Appointed Director and Executive Officer, same company Jun 2012 Appointed Representative Director, President and Executive Officer, same company Jan 2021 Appointed Chairman of the Board, same company Jun 2022 Appointed Director of the Company (current) Mar 2024 Resigned as Director, Kao Corporation Mar 2024 Appointed Special Adviser, same company (current)
1955-12-20
Thomas M. CLARK
Director
Sep 1990 Attorney, Sullivan & Cromwell LLP Apr 1992 Attorney, Wilmer, Cutler & Pickering LLP (now Wilmer Cutler Pickering Hale and Dorr LLP) May 1996 Joined General Electric Capital Services, Inc. Apr 1999 Chief Legal Counsel, General Electric Capital Consumer Finance Japan K.K. Feb 2007 Executive Counsel, Government Affairs Asia-Pacific, General Electric Capital Services, Inc. Jul 2015 Executive Counsel, Government Affairs, General Electric Capital Corporation Jun 2018 Managing Director and Co-Head of Americas, Global Public Policy Group, BlackRock, Inc. Jul 2020 General Counsel and Member of the Executive Management Committee, Asian Development Bank (current) Jun 2026 Appointed Director of the Company (current)
1963-08-16
Tatsuro KOSAKA
Audit & Supervisory Board Member
Apr 1976 Joined Chugai Pharmaceutical Co., Ltd. Oct 2002 Executive Officer, General Manager, Corporate Planning Division, same company Oct 2004 Managing Executive Officer, General Manager, Corporate Planning Division, same company Mar 2005 Managing Executive Officer, Deputy General Manager, Sales Division, same company Jul 2005 Managing Executive Officer, Head of Strategic Marketing Unit, same company Mar 2008 Managing Executive Officer, Head of Life Cycle Management and Marketing Unit, same company Mar 2010 Appointed Director and Senior Managing Executive Officer, same company Mar 2012 Appointed Representative Director, President and COO, same company Mar 2018 Appointed Representative Director, President and CEO, same company Mar 2020 Appointed Representative Director, Chairman and CEO, same company Mar 2022 Resigned as Director, same company Mar 2022 Appointed Special Adviser, same company (current) Jun 2022 Appointed Audit & Supervisory Board Member of the Company (current)
1953-01-18
Mariko MATSUMURA
Audit & Supervisory Board Member
Apr 1988 Registered as an attorney (current) Apr 1988 Joined Brown, Moriya, Hobara & Kubota Law Office Feb 1994 Joined Ryudo Sogo Law Office Jan 2006 Joined Shinwa Sogo Law Office, appointed Partner Attorney (current) Apr 2022 Appointed President, Dai-Ichi Tokyo Bar Association Jun 2023 Appointed Audit & Supervisory Board Member of the Company (current)
1959-09-24
Yukio KAI
Audit & Supervisory Board Member
Apr 1984 Appointed Public Prosecutor Jul 2021 Appointed Superintending Prosecutor, Tokyo High Public Prosecutors Office Jun 2022 Appointed Prosecutor General Jul 2024 Retired Oct 2024 Attorney, Yukio Kai Law Office (current) Jun 2025 Appointed Audit & Supervisory Board Member of the Company (current)
1959-09-26
Large Shareholding Reports
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.06%→3.23%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-07-29
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-16
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-04-01
中期経営計画
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-29
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-18
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-20
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-20
Annual Securities Report
EDINET
2022-04-01
中期経営計画
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-17
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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