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Komatsu Ltd. (KMTUF)

- OTCPK - Current
  • Sep. 20, 2012, 7:20 AM
    The Nikkei - down 1.6% - sheds all and more of its post-BOJ QE pop as Japan's export trade continues to deteriorate. Trade was already in rough shape as the global economy slowed, now the island dispute with China threatens to hurt business even more. Among the big decliners was Komatsu - which gets 15% of sales in China - falling 3.1%.
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  • Jul. 10, 2012, 4:18 AM
    Truck maker Komatsu has no interest in buying Joy Global (JOY) after concluding there are few synergies to aid Komatsu's push into underground mining equipment. Joy Global's low valuation and industry M&A had made it the subject of takeover speculation.
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  • Jun. 5, 2012, 10:57 AM
    Joy Global's (JOY +1.3%) low takeover valuation may attract potential acquirers, as a buyer could offer a premium of 80% and still acquire it at the least expensive net income multiple on record for the industry, Bloomberg reports. JOY trades at ~8.2x 12-month trailing earnings, lower than 90% of similar construction and mining equipment makers. One possible suitor: Komatsu (KMTUY.PK).
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Company Description
Komatsu and its subsidiaries are engaged in the manufacture and market of various types of construction and mining equipment including excavating equipment, loading equipment, grading and roadbed preparation equipment, hauling equipment, tunneling machines, recycling equipment, other equipment,... More