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Market Chatter: Komatsu Mulls Raising Prices for North America as Middle East Slump Threatens Profits

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Japanese heavy equipment manufacturer Komatsu (TYO:6301) is weighing price increases for North America as it braces for an earnings downturn, Nikkei Asia reported Thursday, citing CFO Hiroshi Hosotani.

The group expects consolidated net income to fall 15.5% to around 318 billion yen this fiscal year, according to its latest financial report filed in April.

The forecast is attributed to Komatsu's anticipated decrease in sales due to a decline in demand in certain regions affected by the Middle East conflict.

Hosotani told Nikkei that Komatsu would look to rivals for pricing cues in North America, with targeted increases potentially adding up to 70 billion yen in operating profit through March 2027.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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