Komatsu Ltd

6301: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Construction Machinery Earnings: Trends Diverge as HCM Gains Momentum While Komatsu Holds Moat

Kangyuxiao Li

Nov 4, 2025

Komatsu's September-quarter sales fell 3% year on year, while Hitachi Construction Machinery reported a 3% year-on-year rise. Both raised their fiscal 2025 (ending March 2026) sales guidance, with Komatsu up 4% and HCM up 2%. HCM shares rose 2% on Oct. 29 while Komatsu fell 6% on Oct. 30.

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Komatsu Ltd

Construction Machinery Earnings: Trends Diverge as HCM Gains Momentum While Komatsu Holds Moat

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