Komatsu’s sales soar 18% in Q1 2022

17 Aug 2022 CW Team

Komatsu has announced earnings from the first quarter of its April-March fiscal year 2022, reporting an 18% increase in net sales compared to the same period last year, to $5.7 billion. Construction, mining and utility equipment accounted for $5.3 billion of the company’s sales for the three months ending June 30, a 20% increase from the first quarter of 2021.

North American sales increased by 49% during the first quarter. Komatsu attributed the gains to strong growth in the residential and nonresidential construction segments, as well as road and traffic infrastructure segments.

Sales also expanded sharply in Asia (40%) and Latin America (26%), propping up declines in Eastern Europe and Asia, China and Oceania (Australasia, Melanesia, Micronesia and Polynesia). Sales were supported by an increased volume of sales, the positive effects of foreign exchange rates and improved selling prices.

Looking forward, Komatsu has not changed its projection for its full-year results for the rest of the fiscal year, which ends March 31, 2023. Overall, demand will remain flat from fiscal year 2021. The company used the earnings call to reflect on several highlights from the quarter.

Infrastructure Urban

08 Sep 2025

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..