Komatsu expects profits to tumble 16% on Iran war, US tariffs
Construction
Japanese construction equipment maker assumes continued high oil prices for current fiscal year
Komatsu is having a harder time raising prices on construction machinery as competitors are also holding prices steady. (Photo by Azusa Kawakami)
TOKYO — Construction equipment maker Komatsu said Tuesday that it expects consolidated net profit for the current fiscal year to fall 16% to 318 billion yen ($1.99 billion), as earnings take a hit from conflict in the Middle East and U.S. tariffs.
