Komatsu Ltd., a major construction equipment manufacturer, raised its earnings forecast for the fiscal year ending March 2027 as its stock price turned lower during the afternoon session on the 29th. However, its operating profit plan fell short of market expectations.
Komatsu Ltd., a major construction equipment manufacturer, saw its stock price turn lower during the afternoon session on the 29th. At around 2:30 p.m., the company announced an upward revision to its earnings forecast for the fiscal year ended March 2025.
The revision was reportedly aimed at raising the overall profit outlook, rather than the forecasts for revenue or gross profit. However, the operating profit plan reportedly fell short of market expectations.