Komatsu Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line
Komatsu (TSE:6301) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥3.87t (up 9.1% from FY 2023).
- Net income: JP¥393.1b (up 21% from FY 2023).
- Profit margin: 10% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: JP¥416 (up from JP¥345 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Komatsu Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Construction, Mining and Utility Equipment segment contributing a total revenue of JP¥3.62t (94% of total revenue). Notably, cost of sales worth JP¥2.65t amounted to 69% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥604.5b (74% of total expenses). Explore how 6301's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan.
Performance of the Japanese Machinery industry.
The company's shares are up 1.1% from a week ago.
Risk Analysis
Be aware that Komatsu is showing 1 warning sign in our investment analysis that you should know about...
Valuation is complex, but we're here to simplify it.
Discover if Komatsu might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About TSE:6301
Komatsu
Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries.
Flawless balance sheet, undervalued and pays a dividend.
