Komatsu issues “Komatsu Report 2024”

Sep. 17, 2024

Komatsu Ltd. (hereafter “Komatsu”) (President and CEO: Hiroyuki Ogawa) issued the integrated report, “Komatsu Report 2024” today.

We publish the Komatsu Report for stakeholders to introduce our efforts to enhance the corporate value over the medium- to long-term in a comprehensible manner.
The Report offers an explanation of the progress of our management focused on sustainability and growth strategies, describing our initiatives for customer value creation based on our roadmap toward “safe, highly productive, smart, and clean workplaces of the future” as well as toward carbon neutrality by 2050. Below are some of the main points.

1. CEO message
In the CEO message, we convey our commitment to sustainable growth by highlighting our component strategy which is one of Komatsu’s strengths, and our R&D (research and development) strategy toward carbon neutrality. In addition, our President explains his will to manage the organization as a top management and his belief on human resource development together with his own experiences to make innovation by leveraging human resources diversity while sharing the value of the Komatsu Way, as a global company. 

2. CFO message
The CFO message comprehensively details our financial strategies to increase corporate value. With regard to PBR (Price book-value ratio) improvement, our CFO explains the approaches to improve PBR by breaking it down into PER (Price earnings ratio) and ROE (Return on equity), as well as measures to be implemented for each item.

3. Special feature section
In the special feature section on growth strategies in the mid-term management plan, we introduce (1) our medium- to long-term R&D strategies for both products and solutions, (2) the challenges of forestry machinery business to realize a decarbonized society, and (3) global activities to develop, utilize, and acquire human capital that will support Komatsu’s sustainable growth.

4. The discussion with Outside Board Members
In the discussion between the Outside Director and the Outside Audit & Supervisory Board Member, they candidly exchanged opinions on Komatsu’s medium- and long-term challenges for new value creation, the effectiveness of the Board of Directors, and their expectations for the Komatsu Group, from the objective perspective of an independent Outside Board Members.

It has been our management principle to commit ourselves to quality and reliability to maximize the total sum of trust given us by society and our stakeholders. By creating new customer value (DANTOTSU Value) through manufacturing and technological innovation, Komatsu aims to achieve sustainable growth through a positive cycle of solving ESG issues and improving profitability, and to pass on a sustainable future to the next generation.

[Komatsu Report 2024]
Japanese : https://www.komatsu.jp/ja/ir/library/annual
English : https://www.komatsu.jp/en/ir/library/annual

[ESG Databook]
Japanese : https://komatsu.disclosure.site/ja/themes/121
English  : https://komatsu.disclosure.site/en/themes/121

No : 0047（3272）
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: +81-(0)3-6849-9703
mail: JP00MB_cc_department@global.komatsu

*The information may be subject to change without notice.