Yen Depreciation and Hard-Rock Demand Lift Komatsu and HCM Guidance, but Komatsu Still Looks Pricey
Komatsu and Hitachi Construction Machinery, or HCM, reported fiscal 2026 (ending March 2027) first-quarter sales growth of 14.7% and 7.5%, respectively. Operating profit rose 8% at Komatsu and adjusted operating profit jumped 56% at HCM. Shares trade 4% below preannouncement levels.