Komatsu, Caterpillar warn of profit hits as tariffs weigh on demand
In the construction machinery segment of Kobe Steel, owner of Kobelco Construction Machinery, sales fell 4% to 388 billion yen ($2.61 billion) and ordinary profit doubled to 18.7 billion yen in the fiscal year ended this past March. For fiscal 2025, the company forecasts the segment's sales at 400 billion yen, up 3%, but ordinary profit at 9.5 billion yen, down 49%.
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