Annual Report 2007 - Komatsu

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To All Our Stakeholders forklift truck business of Komatsu Forklift Co., Ltd. and the compact-construction equipment business of Komatsu Zenoah Co. In addition to generating synergy in production and development to enhance product competitiveness, Komatsu Utility will double its efforts in Greater Asia and enhance its position in the market in order to improve profits. ---------------- * In April 2007, Komatsu Forklift Co., Ltd. merged with Komatsu Zenoah Co. and changed its name to Komatsu Utility Co., Ltd. c) Expansion of Parts Business We will continue our efforts to accelerate sales of ground-engaging tools, such as buckets, teeth and undercarriage parts, expand the number of parts depots, support and training centers, and train more product personnel through the Global Training Institute and other programs. In addition to those efforts, we will take full advantage of information available about the operational conditions of machines through real-time remote monitoring systems such as the KOMTRAX in order to optimize and speed up parts delivery to customers. These efforts will further expand sales of parts and improve profits. d) Reinforcement of Industrial Machinery Business With respect to large presses for which orders have been growing, we are going to expand production volume and shorten production lead-time, while improving QCD,* by taking full advantage of the new Kanazawa Plant. Concerning our equity participation in NIPPEI TOYAMA CORPORATION last year, we will work to generate collaborative effects with them in the areas of procurement and production. ---------------- * Quality, Cost and Delivery The Komatsu Group is working to increase its contributions to customers’ businesses and become their indispensable partner by providing products, services and product support, which demonstrate the Group’s strengths, such as KOMTRAX, autonomous hauling system and other IT-applied construction and mining equipment. The Komatsu Group is strengthening its corporate governance to ensure sound and transparent management, while working to improve management efficiency. While promoting thorough compliance, we will also ensure that all employees of the Komatsu Group share The KOMATSU Way. In addition to improving our business performance, we will facilitate the development of both corporate strength and social responsibility in a well balanced manner. Centered on the “Spirit of Manufacturers” dedication, Komatsu Group’s direction remains crystal clear: “We provide the products (both hardware and software), that customers are happy to own, and we will make profits and grow.” In addition to top management officers, of course, all employees of the Komatsu Group in Japan and abroad are determined to fulfill this commitment with self-confidence and a sense of mission by converging their talents and knowledge. After the annual shareholders’ meeting of June 22, 2007, the Board of Directors resolved to change Komatsu’s representative directors as follows. Masahiro Sakane, president and CEO, was appointed as new chairman, and Kunio Noji, director and senior executive officer, as new president and CEO. On behalf of the members of the Board, we would like to extend our sincere appreciation to our valued shareholders, customers, business partners and employees around the world for their support. July 2007 Masahiro Sakane Chairman of the Board Kunio Noji President and CEO 6 Annual Report 2007
Interview with Kunio Noji, President and CEO FACE TO FACE “I am very pleased to report to our shareholders and investors that we were able to accomplish substantial improvements over the previous fiscal year, thereby further enhancing the corporate value of the Komatsu Group. I would like to extend my sincere appreciation to our distributors and suppliers in addition to all employees of the Komatsu Group worldwide.” Kunio Noji, President and CEO Q You have gotten the key to the office of the president from Mr. Sakane. Could you share your thoughts on management with us? Noji: My pleasure. Our conventional management policy will remain unchanged. That is, we promote self-initiated innovations in technology and management, provide the products -- both hardware and software -- that customers are happy to own, and maximize our corporate value. Thanks to Mr. Sakane’s efforts with respect to the selective focus on our businesses, we are now ever better positioned to focus our efforts on the industrial-use machinery segment, in the broad sense of the term, centering on construction, mining and utility equipment as well as industrial machinery. My mission is to strengthen our workplace capabilities,* solve management issues one by one through teamwork with all employees, distributors and suppliers of the Komatsu Group, to further reinforce our business foundation and to promote sustainable growth in the core segment of industrial-use machinery. Furthermore, based on our belief that our corporate value is the total sum of trust given to us by society and all our stakeholders, I am determined to continue our efforts to further enhance this trust. ---------------- * What we at Komatsu mean by workplace capability is each and every employee’s power to continue his or her efforts to reform and improve with a concrete awareness of the issues that he or she is facing. 7 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: profit. Net income for the year, th
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
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Page 29 and 30: Review of Operations Trends and Per
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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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