Komatsu Ltd

6301: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Komatsu Outperforms on Mining Mix as Hitachi Construction Machinery Earnings Stay Flat

Kangyuxiao Li

Feb 3, 2026

Komatsu's third-quarter sales rose 4% year on year, while Hitachi Construction Machinery posted flat sales. HCM raised fiscal 2025 (ending March 2026) sales guidance by 4%, close to the initial figure it announced, implying flat sales. Meanwhile, Komatsu's guidance is still a 5% decline.

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Komatsu Ltd

Komatsu Outperforms on Mining Mix as Hitachi Construction Machinery Earnings Stay Flat

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