Komatsu Ltd Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Tomohiko Sano - JPMorgan Chase & Co, Research Division - Analyst : This is Sano from JPMorgan. First, I'd like to ask you about how to understand the upward revision. Is it correct to understand that you reflected the upturn in the first half to the full year and not really changed the second half projections? And then based on that, you are projecting lower sales and profit in the second half compared to the first half. What is your view about the outlook of demand in the second half onwards? Are you looking at conditions in the supply chain in Q2 and sensing that things will deteriorate? Can you talk about these points?

Question: Tomohiko Sano - JPMorgan Chase & Co, Research Division - Analyst : Mr. Horikoshi, how do you see changes in the supply chain in the last 3 months or in the second half of the year?

Question: Tomohiko Sano - JPMorgan Chase & Co, Research Division - Analyst : I'd like to ask President Ogawa my second question. Please talk about the business environment for mining. I believe your sales in Indonesia are increasing significantly due to the rising prices of resources, especially coal. So what is the likelihood that this will be sustained? And for the mid- to long term, I see a lot of news coming out, such as environmentally, when we unmanned dump truck, DX, do you see changes in the capital investment trends of the resource majors?