Komatsu Ltd. http://www.alacrastore.com/company-snapshot/Komatsu_Ltd-1009521 Sunday, October 12, 2008 11:27:08 PM 1009521 Komatsu Ltd. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/626241spcred/626241normThe latest News from S&P1/17/2008 4:28:43 AMNews100global626241JapanConstruction & Farm Machinery & Heavy TrucksAsiaUnited StatesGlobal IssuersCorporationsCapital GoodsNewsTOKYO (Standard&Poor's) Jan. 17, 2008--Standard&Poor's Ratings Services said today that its ratings on Komatsu Ltd. (Komatsu; A/Stable/--) would be unaffected by Komatsu's plans to make machine tool manufacturer Nippei Toyama (NR) a wholly owned subsidiary. Komatsu announced Jan. 16 that it will raise its stake in Nippei Toyama to 100% from 29% through a friendly takeover bid (TOB). Standard&Poor's believes the impact of the TOB on Komatsu's financial profile should be limited. If Komatsu purchases all shares in Nippei Toyama, the total purchase amount will be ¥42.9 billion. In our view, even if Komatsu raises this amount from external sources and inherits all of Nippei Toyama's existing debt, Komatsu's debt-to-capital ratio will still beJPN50045820106010 201060 2010 20Komatsu Ltd.101319ASIAUSA6301@JPNEWSGLOBISSCORPCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_439900moodys/COP_439900htmlCredit Opinion1/4/2008 2:19:54 AMGlobal Credit Research Credit Opinion ## NOV #### Credit Opinion: Komatsu Ltd. Komatsu Ltd. Tokyo, Japan Ratings Category Moody's Rating Outlook Positive Issuer Rating A# Senior Unsecured MTN A# Komatsu Finance (Netherlands) BV Outlook...Komatsu Ltd.439900150.0000NewshtmlKomatsu Ltd.COP_439900Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/618147spcred/618147normThe latest Summary from S&P12/7/2007 4:28:10 AMSummary175global618147JapanConstruction & Farm Machinery & Heavy TrucksAsiaUnited StatesGlobal IssuersCorporationsCapital GoodsSummaryKomatsu's profitability is improving, mainly in its core Construction and Mining Equipment segment, which has achieved annual sales growth of over 20% since fiscal 2004 (ended March 31, 2005). The company's strong technological capabilities and ongoing cost structure reforms have served to enhance the competitiveness of its Construction and Mining Equipment segment. Furthermore, the company has successfully met rapidly increasing demand for its machinery in overseas markets amid the expansion of natural resource development and infrastructure investment. Despite the cyclical nature of the construction and mining industry, Komatsu's profits are likely to increase for the foreseeable future, given the expected steady expansion of demand in China, India, and other Asian countries, as well as in Russia and the Middle East,JPN50045820106010 201060 2010 20Komatsu Ltd.101319ASIAUSA6301@JPSUMMARYGLOBISSCORPCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/618183spcred/618183normThe latest Full Report from S&P12/7/2007 4:28:10 AMFull Report400global618183JapanConstruction & Farm Machinery & Heavy TrucksAsiaUnited StatesGlobal IssuersCorporationsCapital GoodsFull ReportSecond-largest global construction machinery manufacturer Geographically diversified production, distribution, and sales Strong development of high-value-added products Improved financial profile due to structural reform and in spite of increase in strategic investment Demand for construction and mining machinery is cyclical Declining demand in North America due to slowing housing market Komatsu's profitability is improving, mainly in its core Construction and Mining Equipment segment, which has achieved annual sales growth of over 20% since fiscal 2004 (ended March 31, 2005). The company's strong technological capabilities and ongoing cost structure reforms have served to enhance the competitiveness of its Construction and Mining Equipment segment. Furthermore, the company has successfully met rapidly increasing demand for its machinery in overseas markets amid the expansion ofJPN50045820106010 201060 2010 20Komatsu Ltd.101319ASIAUSA6301@JPFULLGLOBISSCORPCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_144865_600019249moodys/PR_144865_600019249htmlRating Action11/23/2007 12:13:53 AMGlobal Credit Research Rating Action ## NOV #### Rating Action: Komatsu Finance America Inc. Moody's changes Komatsu's A# rating outlook to positive Tokyo, November ##, #### -- Moody's Investors Service has changed to positive from...Komatsu Finance America Inc.600019249150.0000Newshtml57100Komatsu Finance (Netherlands) BV439900Komatsu Ltd.Komatsu Finance (Netherlands) BV; Komatsu Finance America Inc.; Komatsu Ltd.PR_144865_600019249Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/609789spcred/609789normThe latest News from S&P10/26/2007 8:29:04 AMNews100global609789JapanConstruction & Farm Machinery & Heavy TrucksAsiaUnited StatesGlobal IssuersCorporationsCapital GoodsNewsTOKYO (Standard&Poor's) Oct. 26, 2007--Standard&Poor's Ratings Services today raised its long-term corporate credit rating on Komatsu Ltd. to 'A' from 'A-', reflecting expectations for further improvement in the company's financial profile, backed by stronger profitability and cash flow generation. The outlook on the long-term corporate credit rating is stable. Komatsu's profitability is improving, mainly in its core Construction and Mining Equipment segment, which has achieved annual sales growth of over 20% since fiscal 2004 (ended March 31, 2005). The company's strong technological capabilities and ongoing cost structure reforms have served to enhance the competitiveness of its Construction and Mining Equipment segment. Furthermore, the company has successfully met rapidly increasing demand for its machinery in overseas marketsJPN50045820106010 201060 2010 20Komatsu Ltd.101319ASIAUSA6301@JPNEWSGLOBISSCORPCapitalCredit & Investment ResearchS&P Credit Research