Annual Report 2007 - Komatsu

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Environmental and Social Efforts With awareness of corporate social responsibility from a global perspective, the Komatsu Group is promoting a variety of activities in order to realize a sustainable society. Environmental Environmental Management To step up our efforts in environmental management on a global, group-wide basis, in 2000 we started the Global Environmental Affairs Meeting by inviting personnel in charge of environmental affairs from subsidiaries both in Japan and overseas to our Tokyo Head Office. In 2005, we held the third meeting which included the area of occupational safety. To strengthen our regional efforts overseas, we began the Occupational Safety and Environmental Affairs Meeting in Europe in 2005 and held the second meeting in 2006. Also in 2006, the personnel in charge of environmental affairs of Komatsu Ltd. conducted inspection tours of manufacturing subsidiaries in China. Products and Services The second European Health, Safety and Environmental Meeting PT Komatsu Remanufacturing Asia, the largest Reman facility of the Komatsu Group Production and Logistics We developed construction and mining equipment compliant with Tier 3 emission standards in the United States, Europe and Japan, effective 2006, including WA500-6 and WA600-6 wheel loaders as well as PC128US-8 and 138US-8 tight-tail-swing hydraulic excavators. To cut down C02 emissions of our machines used by customers, we have been working to improve their fuel consumption and productivity. We have expanded the range of large AC Servo presses, which reduce environmental impact with 40% less energy required, 1.2 times higher productivity, and 20dB less noise, compared with mechanical presses. We have developed a battery-driven hybrid forklift truck which lessens the impact on the environment with a maximum reduction of 20% energy consumption. We are promoting our Reman business on a global basis to promote the reuse and recycle of key components of construction and mining equipment. We have been promoting activities to reduce CO2 emissions at our plants as part of our efforts to mitigate global warming. For our target of reducing the basic unit volume of CO2 emissions in value by 25% per production by the end of fiscal 2011 compared with fiscal 1991. We have already achieved a 27.3% reduction in fiscal 2007. We are working on lowering this even further. We achieved Zero Emissions at all our plants in Japan in fiscal 2006. We have been promoting activities to curtail the generation of industrial waste. We have set the target of a 15% reduction by basic unit (fiscal 2006 fiscal 2011). With respect to environmental risk management, we completed the measure for our underground tanks (removal or doubling the walls) in fiscal 2002. We are going to carry out the same measure for those placed underground for 20 or more years. Concerning logistics of heavy items, we are continuing our promotion for a modal shift from trucking to marine transportation and railway. Procurement HM300 articulated dump truck ready for shipment from the Port of Hitachinaka, adjacent to the Ibaraki Plant in Japan Amount of CO2 Emissions by Komatsu Manufacturing Facilities and Komatsu Castex Himi Plant Years ended March 31 (1,000t) % 400 100 100 300 276 83.6 84.3 86.5 265 251 90 200 191 210 253 83.1 80 100 0 1991 2003 Amount of CO2 emissions 2004 2005 2006 72.7 2007 75.0 2011e Index per unit of manufacturing value (compared to FY1990) Manufacturing value: The total production cost excluding direct material cost,other facilities' components, and procured components. 70 0 To develop an environmental management structure, we have established an environmental affairs committee with 58 suppliers, and we are supporting their introduction of the environmental management system. Sales and Services We distributed our guidelines for occupational safety and environmental affairs in 2005. We held seminars and offered instructions concerning those guidelines at 13 sales and rental companies in 2006. Occupational safety and environmental conservation training at workplace 24 Annual Report 2007
Social Activities Management We have established The KOMATSU Way Division, disseminating and putting The KOMATSU Way in place. We revised “Komatsu’s Code of Worldwide Business Conduct” in 2006. The seventh edition includes a discussion on reliability of financial control. We reinforced our business continuation plan for natural disaster and other emergency cases, and carried out drills in 2006. Relationships with Stakeholders Social Contribution Activities We have continued to support the Flower Association of Japan, a nonprofit organization dedicated to planting and protecting cherry trees. As part of its 45 th anniversary celebration, the Association produced the “Dreams and Plans for Cherry Trees” CD-ROM for free distribution in 2006. Roof-top garden (right) of Komatsu Bldg., open to the public, and the “Dreams and Plans for Cherry Trees” CD We changed the trading unit of shares from 1,000 to 100 on August 1, 2006. We have improved communication activities with all stakeholders, such as employees, suppliers and shareholders. Our action plan for supporting employees’ childcare was selected for official recognition in April 2007. All our plants started their process to introduce the occupational safety and health management system (OSHMS), preparing for certification in fiscal 2008. Meeting with individual shareholders in Sendai (December 17, 2006) We opened the curriculum “Komatsu Techno College” in collaboration with Komatsu College in Ishikawa, Japan. Members of the Komatsu Women’s Judo Team won the champion medals in four international competitions. They also received national teams from various countries for joint trainings, making contributions to the growth of international judo. Joint training with the national team of Tunisia at Komatsu Women’s Judo Team’s dojo The Komatsu Group made donations and provided commercial vehicles at no cost to the devastated areas of the May 2006 earthquake in Java. Relief activities for the earthquake-devastated areas in Java, Indonesia We made donations and provided prefabricated housing units to the devastated areas of the Noto Peninsula earthquake (March 2007) through Ishikawa Prefectural Government. We also sent volunteers from our plants in the vicinity. We invited staff members of a non-governmental organization of Afghanistan and trained them with the operation and mechanical maintenance of our demining machine for anti-personnel landmines before delivery from Japan. Komatsu Group companies worldwide have expanded their community activities. Komatsu (China) Ltd. established a social contribution fund to continuously support the establishment of schools. Completion ceremony for Komatsu School of Hope in Gansu Province Note: For more information concerning our environmental and social efforts, refer to the Environmental & Social Report 2007. (http://www.komatsu.com/ComapnyInfo/csr/) 25 Annual Report 2007
Page 1 and 2: Annual Report 2007
Page 3 and 4: UPWARD Fifth Consecutive Year of Gr
Page 5 and 6: Net Sales* Billions of yen 2,000 Op
Page 7 and 8: profit. Net income for the year, th
Page 9 and 10: Interview with Kunio Noji, Presiden
Page 11 and 12: previous tasks of enhancement of ou
Page 13 and 14: With respect to the development of
Page 15 and 16: Q Lastly, could you introduce The K
Page 17 and 18: public accounting firm when the fir
Page 19 and 20: The KOMATSU Way It was a journey of
Page 21 and 22: The KOMATSU Way Corporate Governanc
Page 23 and 24: Brian Kober, Vice President, Corpor
Page 25: Bruce Nelson Senior Manager, Manufa
Page 29 and 30: Review of Operations Trends and Per
Page 31 and 32: Japan While public-sector investmen
Page 33 and 34: Research and Development We are pro
Page 35 and 36: Global Manufacturing Operation for
Page 37 and 38: change. These are the first updates
Page 39 and 40: Financial Section Financial Review.
Page 41 and 42: FINANCIAL REVIEW and mining equipme
Page 43 and 44: FINANCIAL REVIEW wholly owned subsi
Page 45 and 46: FINANCIAL REVIEW cash used in inves
Page 47 and 48: FINANCIAL REVIEW 5 Environmental la
Page 49 and 50: FINANCIAL REVIEW Interest Rate Risk
Page 51 and 52: FIVE-YEAR SUMMARY Millions of yen (
Page 53 and 54: CONSOLIDATED BALANCE SHEETS Thousan
Page 55 and 56: Consolidated Statements of Sharehol
Page 57 and 58: Notes to Consolidated Financial Sta
Page 59 and 60: NOTES TO CONSOLIDATED FINANCIAL STA
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NOTES TO CONSOLIDATED FINANCIAL STA
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Report of Independent Registered Pu
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Directors, Auditors and Officers (A
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KOMATSU GROUP INVESTMENT HOLDINGS S
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2-3-6 Akasaka, Minato-ku Tokyo 107-
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Annual Report 2007 - Komatsu

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