Komatsu Expects Q4 Loss

Earthmoving equipment manufacturer Komatsu last week said it expects sales of excavators and other earth-moving machines to drop 20 percent in its fiscal year beginning in April, with demand dropping globally with the possible exception of China.
March 20, 2009

Earthmoving equipment manufacturer Komatsu last week said it expects sales of excavators and other earth-moving machines to drop 20 percent in its fiscal year beginning in April, with demand dropping globally with the possible exception of China.

The Japan-based manufacturer, the world’s second largest, expects to post about $20 billion in sales in its fiscal year ending March 31.

Komatsu recently cut its profit forecast for the current fiscal year by 42 percent, as well as a fourth quarter loss. It plans to cut production significantly.

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