TSE:6301Machinery
Komatsu (TSE:6301) Stock Rises While Profit Margins Keep Tightening
Komatsu stock has been grinding higher in recent weeks, yet today’s reaction hangs on a single question. Are investors paying up for a construction and mining equipment giant whose earnings power is quietly slipping at the edges? The headline from this quarter is clear. Trailing net profit margin now sits at 8.9%, compared with 10.4% a year earlier, even as trailing twelve month earnings per share hold above ¥400. With the stock trading on a P/E of 16.6x, sentiment is now colliding with a...