UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934

For the month of October, 2009

KOMATSU LTD.

Address of principal executive office

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F þ		Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o		No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____ 

 

 

INFORMATION TO BE INCLUDED IN REPORT

1.

Three company announcements made on October 29, 2009.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		KOMATSU LTD.
		(Registrant)
Date: October 30, 2009		By:		/s/ Kenji Kinoshita   Kenji Kinoshita
				Director and Senior Executive Officer

		Komatsu Ltd.
		Corporate Communications Dept.
		Tel: +81-(0)3-5561-2616
		Date: October 29, 2009
		URL: http://www.komatsu.com/

Consolidated Business Results for Six Months of the Fiscal Year Ending
March 31, 2010 (U.S. GAAP)

1. Results for Six Months Ended September 30, 2009

(Amounts are rounded to the nearest million yen)

(1) Consolidated Financial Highlight

		Millions of yen except per share amounts
		Six months ended				Six months ended
		September 30,				September 30,				Changes
		2009 (A)				2008 (B)				(A)-(B)
Net sales			645,963				1,211,288				(565,325	)			(46.7	)%
Operating income			19,785				159,654				(139,869	)			(87.6	)%
Income before income taxes and equity in earnings of affiliated companies			18,452				156,728				(138,276	)			(88.2	)%
Net income attributable to Komatsu Ltd.			8,198				100,341				(92,143	)			(91.8	)%
Net income attributable to Komatsu Ltd. per share (Yen)
Basic		¥	8.47			¥	100.82			¥	(92.35	)
Diluted		¥	8.47			¥	100.72			¥	(92.25	)

(2) Consolidated Financial Position

		Millions of yen except per share amounts
		As of September 30, 2009				As of March 31, 2009
Total assets			1,911,793				1,969,059
Komatsu Ltd. shareholders’ equity			801,832				814,941
Komatsu Ltd. shareholders’ equity ratio			41.9	%			41.4	%
Komatsu Ltd. shareholders’ equity per share (Yen)		¥	828.30			¥	842.04

(For the fiscal years ended March 31, 2009 and ending March 31, 2010)

		Yen
		The entire FY ending March 31, 2010								The entire FY ended March 31,
		Results				Projection				2009
First quarter period
Second quarter period			8.0				—				22.0
Third quarter period
Year-end			—				8.0				18.0
Total							16.0				40.0

Note:   Changes in the projected cash dividend as of September 30, 2009: None

3. Projections for the Fiscal Year Ending March 31, 2010

(From April 1, 2009 to March 31, 2010)

		Millions of yen except per share amounts
		The entire fiscal year
						Changes
Net sales			1,430,000				(29.3	)%
Operating income			72,000				(52.6	)%
Income before income taxes and equity in earnings of affiliated companies			62,000				(51.9	)%
Net income attributable to Komatsu Ltd.			35,000				(55.6	)%
Net income attributable to Komatsu Ltd. per share (basic) (Yen)		¥	36.16

Notes:		1 Changes in the projected consolidated business results as of September 30, 2009: Applicable

		2 Percentages shown above represent the rates of change compared with the corresponding period a year ago.

3		“Net income attributable to Komatsu Ltd.” is equivalent to “Net income” for the fiscal year ended March 31, 2009 and preceding fiscal years.

4. Others

(1)		Changes in important subsidiaries during six months ended September 30, 2009: None
(2)		Use of simplified accounting procedures and of specific accounting procedures for the preparation of consolidated quarterly financial statements: None
(3)		Changes in accounting standards, procedures and presentations for the preparation of consolidated quarterly financial statements

	1)		Changes resulting from revisions in accounting standards, etc.: Applicable
	2)		Change in other matters except for 1) above: None

Note: See “Management Performance and Financial Conditions” on page 8 for more details.

(4)

Number of common shares outstanding

1)

The numbers of common shares issued (including treasury stock) were as follows:

As of September 30, 2009: 998,744,060 shares

As of March 31, 2009: 998,744,060 shares

2)

The numbers of shares of treasury were as follows:

As of September 30, 2009: 30,699,910 shares

As of March 31, 2009: 30,921,768 shares

3)

The weighted average numbers of common shares outstanding were as follows:

Six months ended September 30, 2009: 967,972,490 shares

Six months ended September 30, 2008: 995,234,502 shares

[Reference]

Results for Three Months Ended September 30, 2009

		Millions of yen except per share amounts
		Three months ended				Three months ended
		September 30,				September 30,				Changes
		2009 (A)				2008 (B)				(A)-(B)
Net sales			325,535				604,456				(278,921	)			(46.1	)%
Operating income			11,512				76,390				(64,878	)			(84.9	)%
Income before income taxes and equity in earnings of affiliated companies			9,724				63,960				(54,236	)			(84.8	)%
Net income attributable to Komatsu Ltd.			3,435				42,610				(39,175	)			(91.9	)%
Net income attributable to Komatsu Ltd. per share (Yen)
Basic		¥	3.55			¥	42.81			¥	(39.26	)
Diluted		¥	3.55			¥	42.78			¥	(39.23	)

Management Performance and Financial Conditions

1. Outline of Operations and Business Results

During the first six-month period (April 1 — September 30, 2009), world economies began to move away from the path toward a drastic economic recession thanks to economic and financial measures across advanced and many emerging economies. However, the overall economic environment, except for some countries such as China, remained sluggish.

Under such an economic environment, Komatsu Ltd. and its subsidiaries (hereinafter “Komatsu”) continued to adjust production around the world in order to achieve an appropriate level of inventories as its top priority task. At the same time, Komatsu also reorganized production of both businesses of the Construction, Mining and Utility Equipment and the Industrial Machinery and Others, while realigning sales of construction equipment and forklift trucks in Japan. Komatsu also worked to cut down fixed costs. Meanwhile, Komatsu expanded production capacity for hybrid hydraulic excavators and their sales in order to ensure sales and profits. Nevertheless, consolidated net sales for the first six-month period totaled JPY645.9 billion (USD7,258 million, at USD1=JPY89), down 46.7% from the corresponding period a year ago. These sales were partly affected by the Japanese yen’s appreciation in addition to a sharp drop in demand worldwide, except for China. Profits for the six-month period also declined from the corresponding period a year ago. Specifically, operating income declined by 87.6% to JPY19.7 billion (USD222 million). Income before income taxes and equity in earnings of affiliated companies amounted to JPY18.4 billion (USD207 million), down 88.2%. Net income for the first six-month period attributable to Komatsu Ltd. decreased by 91.8% to JPY8.1 billion (USD92 million).

		Millions of yen
		Six months ended				Six months ended
		September 30, 2009				September 30, 2008
		(A)				(B)
		USD1=JPY95				USD1=JPY106				Changes
		EUR1=JPY133				EUR1=JPY162				(A-B)/(B)
Net sales			645,963				1,211,288				(46.7	)%
Operating income			19,785				159,654				(87.6	)%
Income before income taxes and equity in earnings of affiliated companies			18,452				156,728				(88.2	)%
Net income attributable to Komatsu Ltd.			8,198				100,341				(91.8	)%

Note:		“Net income attributable to Komatsu Ltd.” is equivalent to “Net income” for the fiscal year ended March 31, 2009 and preceding fiscal years.

Business results by operation are described below.

Construction, Mining and Utility Equipment

While demand upturned in China in the first six-month period under review, overall demand dropped sharply from the corresponding period a year ago. The Japanese yen also appreciated. Against this backdrop, consolidated net sales of construction, mining and utility equipment totaled JPY569.6 billion (USD6,400 million), down 45.8% from the previous first six-month period.

As demand remained sluggish, Komatsu continued to carry out substantial production adjustment in order to attain an appropriate level of inventories, including those of distributors. As a result, Komatsu achieved the proper inventory level for current demand by the end of the second quarter period under review. Other efforts extended to optimization of production and sales structures and further improvement of operational efficiency, including reorganization of plants, consolidation/elimination of production lines and reorganization of distributors in Japan and overseas.

[Sales of Construction, Mining and Utility Equipment by Region]

		Millions of yen
		Six months ended				Six months ended
		September 30, 2009				September 30, 2008				Changes
		(A)				(B)				(A-B)/(B)
Japan			106,509				161,387				(34.0	)%
Americas			143,277				270,030				(46.9	)%
Europe & CIS			58,849				192,791				(69.5	)%
China			104,556				101,566				2.9	%
Asia & Oceania			117,362				194,396				(39.6	)%
Middle East & Africa			39,052				130,055				(70.0	)%
Total			569,605				1,050,225				(45.8	)%

Japan

While public-sector investment was firm, resulting from the government’s economic measures, private-sector and housing investments remained slack, considerably reducing demand for construction equipment from the corresponding period a year ago. Against this backdrop, Komatsu continued its efforts to reorganize production and sales, nevertheless, impacted by sluggish market conditions, the first six-month sales in Japan declined from the corresponding period a year ago. Komatsu also worked to establish a full-scale commercialization setup for hybrid hydraulic excavators and expand their sales. Komatsu expects strong sales for their outstanding reduction of fuel consumption and CO₂ emissions. Komatsu expanded the production capacity for electric motors and other key components at its Shonan Plant in Hiratsuka City, Kanagawa Prefecture. With respect to sales, Komatsu received orders for about 140 units as of September 30, 2009 (180 units targeted for the current fiscal year ending March 31, 2010).

Americas

North American demand dropped sharply from the corresponding period a year ago, as affected by sluggish housing starts and delaying recovery of the economy in the United States. In Latin America, demand for construction equipment for use in civil engineering declined reflecting sluggish economies, but demand for equipment for mining applications remained relatively firm. In North America, Komatsu focused its efforts on reorganizing production and sales, while reinforcing sales and product support capabilities for mining equipment. However, first six-month sales in the Americas declined sharply from the corresponding period a year ago, reflecting not only sluggish market conditions but also its efforts in production adjustment to attain an appropriate level of inventories.

Europe & CIS

Demand continued to decline markedly in Europe and CIS under sluggish economies. First six-month sales in Europe & CIS dropped sharply from the corresponding period a year ago, as affected by considerable declines of demand in both regions and partly due to Komatsu’s proactive efforts to adjust production to promote an appropriate level of inventories at its distributors and narrow down the models produced by its European plants.

China

Recovery of demand became evident with record-high monthly demand being renewed since June as the Chinese government implemented economic stimulus measures for large-scale public works such as railway and highway construction projects in addition to the post-earthquake reconstruction projects in Sichuan Province. As a result, first six-month sales in China increased over the corresponding period a year ago.

In August this year, Komatsu embarked on the pilot market introduction of its hybrid hydraulic excavators to China ahead of other overseas markets.

Asia & Oceania

Demand declined in Asia & Oceania from the corresponding period a year ago, as affected by economic slowdown. However, signs of recovery began to emerge in the mining and agricultural sectors of Indonesia and mining and infrastructure development sectors of India. In this environment, Komatsu continued its efforts to strengthen sales and product support capabilities. However, first six-month sales decreased from the corresponding period a year ago, as partly affected by production adjustment made to reduce distributors’ inventories to an appropriate level.

Middle East & Africa

While commodity prices showed upturning signs, demand remained sluggish in the Middle East & Africa as affected by economic recession. In this environment, Komatsu worked to strengthen its product support capabilities, for example, by opening a new training center in Dakar, Senegal. However, first six-month sales declined from the corresponding period a year ago, reflecting a drop in demand in the Middle East in addition to production adjustment made to reduce inventories to an appropriate level.

Industrial Machinery and Others

Consolidated sales of industrial machinery and other operations for the first six-month period totaled JPY76.3 billion (USD858 million), down 52.6% from the corresponding period a year ago, as the automobile and many other client industries continued to restrain from making capital investment. This resulted in a sizable drop in new orders for industrial machinery.

As a challenging environment remained, Komatsu continued to advance structural reforms such as the reorganization of production, and reinforced its sales and product support capabilities in China which has strong potential for market growth. In Japan, Komatsu applied KOMTRAX to industrial machinery, getting ready for market introduction in the second half period of the current fiscal year. KOMTRAX, a Komatsu-original monitoring system for construction equipment, is a market-proven, pacesetting system for the industry.

2. Financial Conditions

As of September 30 2009, total assets had decreased by JPY57.2 billion from the previous fiscal year-end, to JPY1,911.7 billion (USD21,481 million), largely due to a decrease in inventories resulting from our proactive efforts to reduce inventories to an appropriate level. Interest-bearing debt increased by JPY46.6 billion from the previous fiscal year-end, to JPY646.4 billion (USD7,264 million). This increase is mainly attributable to the inclusion of a retail finance company in Australia as a consolidated subsidiary. Komatsu Ltd. shareholders’ equity amounted to JPY801.8 billion (USD9,009 million), a decline of JPY13.1 billion from the previous fiscal year-end. As a result, Komatsu Ltd. shareholders’ equity ratio increased to 41.9%, up 0.5 percentage points from the previous fiscal year-end. Net debt-to-equity ratio* was 0.69 compared to 0.62 as of the previous fiscal year-end.

For the first six-month period under review, net cash provided by operating activities amounted to JPY87.4 billion (USD983 million), an increase of JPY29.0 billion from the corresponding period a year ago, mainly due to a decrease in working capital. Net cash used in investing activities declined by JPY25.4 billion from the corresponding period a year ago, to JPY45.0 billion (USD507 million), due to restrained investments in Japan and overseas. Net cash used in financing activities amounted to JPY38.2 billion (USD430 million), an increase of JPY24.5 billion from the previous first-six month period. As a result, cash and cash equivalents, as of September 30, 2009, increased by JPY1.1 billion from the previous fiscal year-end, to JPY91.6 billion (USD1,030 million).

3. Projections for the Fiscal Year Ending March 31, 2010

(From April 1, 2009 to March 31, 2010)

In the construction, mining and utility equipment business, Komatsu is going to shift to production which is in tune with market demand. We achieved the proper inventory level for current demand by the end of the second quarter period after our proactive, large-scale production adjustment efforts. In terms of the market environment, while recovery of the Chinese market became clearly evident and signs of market recovery began to emerge in Indonesia and India, we are estimating that market conditions in Japan, North America and Europe will remain more sluggish than we had earlier anticipated. In the industrial machinery and others business, as we cannot look forward to capital investment by the automobile manufacturing industry, our main client, we are projecting that a challenging environment for presses, sheet metal machines and machine tools will remain. By considering these conditions, we have revised our projection of consolidated net sales for the current fiscal year ending March 31, 2010 as follows. With respect to profits, we should be able to keep the same figures as projected as we continue to work together as the entire Komatsu Group to reduce fixed and production costs.

As preconditions for our current projections, we are assuming the foreign exchange rates in the third and fourth quarters to be as follows: USD1 = JPY95 and EUR1 = JPY125. With respect to the average rates for the full year, we are keeping the same figure for the U.S. dollar as our earlier projection (USD1 = JPY95), but for the euro, we have changed to EUR1 = JPY129 from our earlier projection of JPY125.

		Millions of yen
		Earlier				Current				Changes								Results for
		projection				projection				Increase (Decrease)								FY ended
		(A)				(B)				(B)-(A)								Mar. 31, 2009
Net sales			1,530,000				1,430,000				(100,000	)			(6.5	)%			2,021,743
Operating income			72,000				72,000				—				—				151,948
Income before income taxes and equity in earnings of affiliated companies			62,000				62,000				—				—				128,782
Net income attributable to Komatsu Ltd.			35,000				35,000				—				—				78,797

Note:	“Net income attributable to Komatsu Ltd.” is equivalent to “Net income” for the fiscal year ended March 31, 2009 and preceding fiscal years.

[Reference]

Projections of the Parent Company for the Fiscal Year Ending March 31, 2010

Similar to the projections for consolidated business results, we are projecting that non-consolidated net sales will decline from our projection of April 2009. With respect to profits, we are also estimating that they will decrease from our projections, because our efforts in reducing fixed and production costs on a non-consolidated basis won’t be able to make up for a decline in sales.

		Millions of yen
		Earlier				Current				Changes								Results for
		projection				projection				Increase (Decrease)								FY ended
		(A)				(B)				(B)-(A)								Mar. 31, 2009
Net sales			520,000				430,000				(90,000	)			(17.3	)%			787,028
Operating profit			(20,000	)			(35,000	)			(15,000	)			—				26,746
Ordinary profit			0				(10,000	)			(10,000	)			—				40,034
Net income			5,000				0				(5,000	)			(100.0	)%			9,317

4. Others

(1)		Changes in important subsidiaries during the first six-month period ended September 30, 2009: None
(2)		Used of simplified accounting procedures and of specific accounting procedures for the preparation of consolidated quarterly financial statements: None
(3)		Changes in accounting standards, procedures and presentations for the preparation of consolidated quarterly financial statements

1)

Changes resulting from revisions in accounting standards, etc.: Applicable

Komatsu adopted the FASB Accounting Standards Codification^TM (ASC) 105, “Generally Accepted Accounting Principles” (Formerly SFAS No.168, “The FASB Accounting Standards Codification^TM and the Hierarchy of Generally Accepted Accounting Principles – a replacement of FASB Statement No.162”) in September 2009. ASC 105 prescribes that FASB Accounting Standard Codification^TM (Codification) is the single official source of authoritative U.S. generally accepted accounting principle, doing away with the previous four-level hierarchy.

The financial statements that adopted ASC 105 should follow the Codification in place of legacy accounting pronouncements. SFAS No.168 is superseded by ASC 105. The adoption of ASC 105 did not have a material impact on our consolidated result of operations and financial condition.

Specific standard number of FASB statement is referred in ( ) hereinafter.

Starting in the fiscal year which began April 1, 2009, Komatsu adopted ASC 805, “Business Combinations” (Formerly SFAS No.141R, “Business Combinations”). ASC 805 establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, any noncontrolling interest in the acquiree and the goodwill acquired or gain from a bargain purchase. ASC 805 also establishes disclosure requirements to enable the evaluation of the nature and financial effects of the business combination. The adoption of ASC 805 did not have a material impact on our consolidated result of operations and financial condition.

Staring in the fiscal year which began April 1, 2009, Komatsu adopted ASC 810, “Consolidation” (Formerly SFAS No.160, “Noncontrolling Interests in Consolidated Financial Statements – an amendment of ARB No.51”). ASC 810 establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. ASC 810 also establishes disclosure requirements that clearly identify and distinguish between the controlling and noncontrolling interests, and requires the separate disclosure of income attributable to controlling and noncontrolling interests. Previously reported amounts have been reclassified accordingly.

2)

Change in other matters except for 1) above: None

Cautionary Statement

The announcement set forth herein contains forward-looking statements which reflect management’s current views with respect to certain future events, including expected financial position, operating results, and business strategies. These statements can be identified by the use of terms such as “will,” “believes,” “should,” “projects” and similar terms and expressions that identify future events or expectations. Actual results may differ materially from those projected, and the events and results of such forward-looking assumptions cannot be assured. Factors that may cause actual results to differ materially from those predicted by such forward-looking statements include, but are not limited to, unanticipated changes in demand for the Company’s principal products, owing to changes in the economic conditions in the Company’s principal markets; changes in exchange rates or the impact of increased competition; unanticipated cost or delays encountered in achieving the Company’s objectives with respect to globalized product sourcing and new Information Technology tools; uncertainties as to the results of the Company’s research and development efforts and its ability to access and protect certain intellectual property rights; and, the impact of regulatory changes and accounting principles and practices.

5. Financial statement

(1) Condensed Consolidated Balance Sheets

		Millions of yen
		As of September 30, 2009								As of March 31, 2009
						Ratio (%)								Ratio (%)
Current assets
Cash and cash equivalents		¥	91,687							¥	90,563
Time deposits			578								44
Trade notes and accounts receivable			353,048								373,901
Inventories			436,450								507,357
Deferred income taxes and other current assets			106,066								131,374
Total current assets			987,829				51.7				1,103,239				56.0
Long-term trade receivables			140,490				7.4				102,969				5.2
Investments
Investments in and advances to affiliated companies			21,925								19,249
Investment securities			61,027								53,854
Other			11,262								12,017
Total investments			94,214				4.9				85,120				4.3
Property, plant and equipment
— Less accumulated depreciation			532,257				27.8				525,462				26.7
Goodwill			29,422				1.5				28,661				1.5
Other intangible assets			61,842				3.2				60,346				3.1
Deferred income taxes and other assets			65,739				3.5				63,262				3.2
Total		¥	1,911,793				100.0			¥	1,969,059				100.0

Liabilities and Equity

		Millions of yen
		As of September 30, 2009								As of March 31, 2009
						Ratio (%)								Ratio (%)
Current liabilities
Short-term debt		¥	195,141							¥	220,087
Current maturities of long-term debt			76,766								87,662
Trade notes, bills and accounts payable			153,013								214,375
Income taxes payable			6,718								10,818
Deferred income taxes and other current liabilities			175,019								199,345
Total current liabilities			606,657				31.7				732,287				37.2
Long-term liabilities
Long-term debt			374,573								292,106
Liability for pension and retirement benefits			51,893								53,822
Deferred income taxes and other liabilities			38,819								42,510
Total long-term liabilities			465,285				24.4				388,438				19.7
Total liabilities			1,071,942				56.1				1,120,725				56.9
Komatsu Ltd. shareholders’ equity
Common stock			67,870								67,870
Capital surplus			140,111								140,092
Retained earnings:
Appropriated for legal reserve			30,781								28,472
Unappropriated			707,680								719,222
Accumulated other comprehensive income (loss)			(109,880	)							(105,744	)
Treasury stock			(34,730	)							(34,971	)
Total Komatsu Ltd. shareholders’ equity			801,832				41.9				814,941				41.4
Noncontrolling interest			38,019				2.0				33,393				1.7
Total equity			839,851				43.9				848,334				43.1
Total		¥	1,911,793				100.0			¥	1,969,059				100.0

(2) Condensed Consolidated Statements of Income

Six months ended September 30, 2009 and 2008

		Millions of yen except per share amounts
		Six months ended								Six months ended
		September 30, 2009								September 30, 2008
						Ratio								Ratio
						(%)								(%)
Net sales		¥	645,963				100.0			¥	1,211,288				100.0
Cost of sales			505,082				78.2				885,675				73.1
Selling, general and administrative expenses			119,483				18.5				166,224				13.7
Other operating income (expenses)			(1,613	)			(0.2	)			265				0.0
Operating income			19,785				3.1				159,654				13.2
Other income (expenses)			(1,333	)							(2,926	)
Interest and dividend income			3,965				0.6				4,414				0.4
Interest expense			(5,125	)			(0.8	)			(7,565	)			(0.6	)
Other-net			(173	)			(0.0	)			225				0.0
Income before income taxes and equity in earnings of affiliated companies			18,452				2.9				156,728				12.9
Income taxes			6,643				1.0				53,401				4.4
Income before equity in earnings of affiliated companies			11,809				1.8				103,327				8.5
Equity in earnings of affiliated companies			41				0.0				1,334				0.1
Net income			11,850				1.8				104,661				8.6
Less net income attributable to the noncontrolling interest			(3,652	)			(0.6	)			(4,320	)			(0.4	)
Net income attributable to Komatsu Ltd.		¥	8,198				1.3			¥	100,341				8.3
Net income attributable to Komatsu Ltd. per share (Yen)
Basic			8.47								100.82
Diluted			8.47								100.72

Three months ended September 30, 2009 and 2008

		Millions of yen except per share amounts
		Three months ended								Three months ended
		September 30, 2009								September 30, 2008
						Ratio								Ratio
						(%)								(%)
Net sales		¥	325,535				100.0			¥	604,456				100.0
Cost of sales			252,609				77.6				445,839				73.8
Selling, general and administrative expenses			59,997				18.4				80,882				13.4
Other operating income (expenses)			(1,417	)			(0.4	)			(1,345	)			(0.2	)
Operating income			11,512				3.5				76,390				12.6
Other income (expenses)			(1,788	)							(12,430	)
Interest and dividend income			2,106				0.6				1,814				0.3
Interest expense			(2,394	)			(0.7	)			(3,636	)			(0.6	)
Other-net			(1,500	)			(0.5	)			(10,608	)			(1.8	)
Income before income taxes and equity in earnings of affiliated companies			9,724				3.0				63,960				10.6
Income taxes			4,462				1.4				20,455				3.4
Income before equity in earnings of affiliated companies			5,262				1.6				43,505				7.2
Equity in earnings of affiliated companies			142				0.0				572				0.1
Net income			5,404				1.7				44,077				7.3
Less net income attributable to the noncontrolling interest			(1,969	)			(0.6	)			(1,467	)			(0.2	)
Net income attributable to Komatsu Ltd.		¥	3,435				1.1			¥	42,610				7.0
Net income attributable to Komatsu Ltd. per share (Yen)
Basic			3.55								42.81
Diluted			3.55								42.78

(3) Consolidated Statements of Cash Flows

		Millions of yen
		Six months ended				Six months ended
		September 30, 2009				September 30, 2008
Operating activities
Net income		¥	11,850			¥	104,661
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization			44,427				45,914
Deferred income taxes			(8,845	)			51
Net loss (gain) from sale of investment securities and subsidiaries			(252	)			1,311
Net loss (gain) on sale of property			(251	)			(62	)
Loss on disposal of fixed assets			922				1,273
Pension and retirement benefits, net			199				(42	)
Changes in assets and liabilities:
Decrease (increase) in trade receivables			21,396				(2,515	)
Decrease (increase) in inventories			69,679				(42,501	)
Increase (decrease) in trade payables			(56,819	)			(10,104	)
Increase (decrease) in income taxes payable			(4,215	)			(18,240	)
Other, net			9,363				(21,349	)
Net cash provided by (used in) operating activities			87,454				58,397
Investing activities
Capital expenditures			(50,342	)			(68,586	)
Proceeds from sale of property			7,519				6,894
Proceeds from sale of available for sale investment securities			74				147
Purchases of available for sale investment securities			(3,505	)			(9,318	)
Proceeds from sale of subsidiaries and equity investees, net of cash disposed			661				—
Acquisition of subsidiaries and equity investees, net of cash acquired			627				302
Collection of loan receivables			901				4,959
Disbursement of loan receivables			(970	)			(3,386	)
Decrease (increase) in time deposits			(52	)			(1,519	)
Net cash provided by (used in) investing activities			(45,087	)			(70,507	)
Financing activities
Proceeds from long-term debt			88,685				77,173
Repayments on long-term debt			(26,566	)			(41,148	)
Increase (decrease) in short-term debt, net			(61,988	)			(3,182	)
Repayments of capital lease obligations			(17,902	)			(20,378	)
Sale (purchase) of treasury stock, net			157				(2,791	)
Dividends paid			(17,431	)			(21,904	)
Other, net			(3,199	)			(1,481	)
Net cash provided by (used in) financing actibities			(38,244	)			(13,711	)
Effect of exchange rate change on cash and cash equivalents			(2,999	)			1,027
Net increase (decrease) in cash and cash equivalents			1,124				(24,794	)
Cash and cash equivalents, beginning of year			90,563				102,010
Cash and cash equivalents, end of period		¥	91,687			¥	77,216

(4) Note to the Going Concern Assumption

None

(5) Business Segment Information

Six months ended September 30, 2009 and 2008

1) Information by Operating Segment

(For the six months ended September 30, 2009)

		Millions of yen
		Construction,
		Mining and				Industrial
		Utility				Machinery								Corporate &
		Equipment				and Others				Subtotal				elimination				Total
Net sales:
Customers			569,605				76,358				645,963				—				645,963
Intersegment			1,417				8,331				9,748				(9,748	)			—
Total			571,022				84,689				655,711				(9,748	)			645,963
Segment profit			20,787				3,670				24,457				(3,059	)			21,398

(For the six months ended September 30, 2008)

		Millions of yen
		Construction,
		Mining and				Industrial
		Utility				Machinery								Corporate &
		Equipment				and Others				Subtotal				elimination				Total
Net sales:
Customers			1,050,225				161,063				1,211,288				—				1,211,288
Intersegment			2,726				13,022				15,748				(15,748	)			—
Total			1,052,951				174,085				1,227,036				(15,748	)			1,211,288
Segment profit			148,748				13,944				162,692				(3,303	)			159,389

Notes:

1)

Business categories and principal products & services included in each operating segment are as follows:

a)

Construction, Mining and Utility Equipment

Excavating equipment, loading equipment, grading & roadbed preparation equipment, hauling equipment, forestry equipment, tunneling machines, recycling equipment, industrial vehicles, other equipment, engines & components, casting products and logistics.

b)

Industrial Machinery and Others

Metal forging & stamping presses, sheet-metal machines, machine tools, defense systems, temperature-control equipment and others.

2)

Transfers between segments are made at estimated arm’s-length prices.

2) Geographic Information

(For the six months ended September 30, 2009)

		Millions of yen
										Europe &												Corporate &
		Japan				Americas				CIS				Others				Subtotal				elimination				Total
Net sales:
Customers			225,427				145,552				69,462				205,522				645,963				—				645,963
Intersegment			76,277				17,295				10,491				3,346				107,409				(107,409	)			—
Total			301,704				162,847				79,953				208,868				753,372				(107,409	)			645,963
Segment profit (loss)			(24,198	)			15,285				5,012				25,604				21,703				(305	)			21,398

(For the six months ended September 30, 2008)

		Millions of yen
										Europe &												Corporate &
		Japan				Americas				CIS				Others				Subtotal				elimination				Total
Net sales:
Customers			480,584				279,166				188,206				263,332				1,211,288				—				1,211,288
Intersegment			239,197				26,369				12,004				21,020				298,590				(298,590	)			—
Total			719,781				305,535				200,210				284,352				1,509,878				(298,590	)			1,211,288
Segment profit			68,542				37,937				19,418				42,278				168,175				(8,786	)			159,389

Note:

Transfers between segments are made at estimated arm’s-length prices.

3) Overseas Sales

(For the six months ended September 30, 2009)

		Millions of yen
		Americas				Europe & CIS				Others				Total
Overseas sales			152,325				62,222				280,684				495,231
Consolidated net sales			—				—				—				645,963
Ratio of overseas sales to consolidated net sales (%)			23.6				9.6				43.5				76.7

(For the six months ended September 30, 2008)

		Millions of yen
		Americas				Europe & CIS				Others				Total
Overseas sales			300,983				200,521				474,827				976,331
Consolidated net sales			—				—				—				1,211,288
Ratio of overseas sales to consolidated net sales (%)			24.8				16.6				39.2				80.6

Notes: 1)

Overseas sales represent the sales of Komatsu to customers in countries or regions other than Japan.

2)

Area segments are separated by the geographic proximity. Main countries or areas of each segment above are as follows:

	a)		Americas: North America and Latin America
	b)		Europe & CIS: Germany, U.K. and Russia
	c)		Others: China, Oceania, Southeast Asia, Middle East and Africa

Three months ended September 30, 2009 and 2008

1) Information by Operating Segment

(For the three months ended September 30, 2009)

		Millions of yen
		Construction,
		Mining and				Industrial
		Utility				Machinery								Corporate &
		Equipment				and Others				Subtotal				elimination				Total
Net sales:
Customers			284,910				40,625				325,535				—				325,535
Intersegment			631				4,288				4,919				(4,919	)			—
Total			285,541				44,913				330,454				(4,919	)			325,535
Segment profit			13,350				793				14,143				(1,214	)			12,929

(For the three months ended September 30, 2008)

		Millions of yen
		Construction,
		Mining and				Industrial
		Utility				Machinery								Corporate &
		Equipment				and Others				Subtotal				elimination				Total
Net sales:
Customers			516,147				88,309				604,456				—				604,456
Intersegment			1,307				7,032				8,339				(8,339	)			—
Total			517,454				95,341				612,795				(8,339	)			604,456
Segment profit			70,363				9,176				79,539				(1,804	)			77,735

Notes:

1)

Business categories and principal products & services included in each operating segment are as follows:

a)

Construction, Mining and Utility Equipment

Excavating equipment, loading equipment, grading & roadbed preparation equipment, hauling equipment, forestry equipment, tunneling machines, recycling equipment, industrial vehicles, other equipment, engines & components, casting products and logistics.

b)

Industrial Machinery and Others

Metal forging & stamping presses, sheet-metal machines, machine tools, defense systems, temperature-control equipment and others.

2)

Transfers between segments are made at estimated arm’s-length prices.

2) Geographic Information

(For the three months ended September 30, 2009)

		Millions of yen
										Europe &												Corporate &
		Japan				Americas				CIS				Others				Subtotal				elimination				Total
Net sales:
Customers			114,999				70,567				35,380				104,589				325,535				—				325,535
Intersegment			37,622				10,059				3,622				1,706				53,009				(53,009	)			—
Total			152,621				80,626				39,002				106,295				378,544				(53,009	)			325,535
Segment profit (loss)			(13,183	)			7,131				2,865				14,031				10,844				2,085				12,929

(For the three months ended September 30, 2008)

		Millions of yen
										Europe &												Corporate &
		Japan				Americas				CIS				Others				Subtotal				elimination				Total
Net sales:
Customers			263,855				139,835				80,188				120,578				604,456				—				604,456
Intersegment			119,389				15,977				5,759				10,721				151,846				(151,846	)			—
Total			383,244				155,812				85,947				131,299				756,302				(151,846	)			604,456
Segment profit			35,516				20,949				7,340				19,883				83,688				(5,953	)			77,735

Note: Transfers between segments are made at estimated arm’s-length prices.

3) Overseas Sales

(For the three months ended September 30, 2009)

		Millions of yen
		Americas				Europe & CIS				Others				Total
Overseas sales			71,948				26,158				145,456				243,562
Consolidated net sales			—				—				—				325,535
Ratio of overseas sales to consolidated net sales (%)			22.1				8.0				44.7				74.8

(For the three months ended September 30, 2008)

		Millions of yen
		Americas				Europe & CIS				Others				Total
Overseas sales			153,325				91,652				231,059				476,036
Consolidated net sales			—				—				—				604,456
Ratio of overseas sales to consolidated net sales (%)			25.4				15.2				38.2				78.8

Notes:

1)

Overseas sales represent the sales of Komatsu to customers in countries or regions other than Japan.

2)

Area segments are separated by the geographic proximity. Main countries or areas of each segment above are as follows:

	a)		Americas: North America and Latin America
	b)		Europe & CIS: Germany, U.K. and Russia
	c)		Others: China, Oceania, Southeast Asia, Middle East and Africa

(6) Note in case of a notable changes in the amount of shareholders’ equity

None

See “Consolidated Statements of Shareholders’ Equity” below for the changes.

Consolidated Statements of Shareholders’ Equity

		Millions of yen
		Six months ended				Six months ended
		September 30, 2009				September 30, 2008
Common stock
Balance, beginning of year		¥	67,870			¥	67,870
Balance, end of period		¥	67,870			¥	67,870
Capital surplus
Balance, beginning of year		¥	140,092			¥	138,170
Sales of treasury stock			(84	)			1,702
Issuance and exercise of stock acquisition rights			103				69
Balance, end of period		¥	140,111			¥	139,941
Retained earnings, appropriated for legal reserve
Balance, beginning of year		¥	28,472			¥	26,714
Transfer from unappropriated retained earnings			2,309				276
Balance, end of period		¥	30,781			¥	26,990
Unappropriated retained earnings
Balance, beginning of year		¥	719,222			¥	685,986
Net income attributable to Komatsu Ltd.			8,198				100,341
Cash dividends paid to Komatsu Ltd. shareholders			(17,431	)			(21,904	)
Transfer to retained earnings appropriated for legal reserve			(2,309	)			(276	)
Balance, end of period		¥	707,680			¥	764,147
Accumulated other comprehensive income (loss)
Balance, beginning of year		¥	(105,744	)		¥	(28,779	)
Other comprehensive income (loss), net of tax			(4,136	)			(9,274	)
Balance, end of period		¥	(109,880	)		¥	(38,053	)
Treasury stock
Balance, beginning of year		¥	(34,971	)		¥	(2,835	)
Purchase of treasury stock			(15	)			(3,050	)
Sales of treasury stock			256				779
Balance, end of period		¥	(34,730	)		¥	(5,106	)
Total Komatsu Ltd. shareholders’ equity		¥	801,832			¥	955,789
Noncontrolling interest
Balance, beginning of year		¥	33,393			¥	30,239
Net income attributable to the noncontrolling interest			3,652				4,320
Cash dividends paid to the noncontrolling interest			(1,727	)			(2,243	)
Other comprehensive income (loss), net of tax			1,187				(692	)
Other changes in noncontrolling interest			1,514				2,037
Balance, end of period		¥	38,019			¥	33,661
Total equity		¥	839,851			¥	989,450
Disclosure of comprehensive income
Net income attributable to Komatsu Ltd.		¥	8,198			¥	100,341
Net income attributable to the noncontrolling interest			3,652				4,320
Other comprehensive income (loss), net of tax			(2,949	)			(9,966	)
Comprehensive income		¥	8,901			¥	94,695