Komatsu to Offer Scholarships to Students of National Technical Colleges

We at Komatsu Ltd. (Kunio Noji: President & CEO) send good wishes to the souls of all those who were killed and we send condolences to all others who have suffered from the Great East Japan Earthquake and the subsequent tsunami which occurred on March 11.

This devastating disaster has also brought about surmounting sufferings of many students and their families. As part of its relief efforts for this disaster, on April 15, Komatsu reached a basic agreement with the Institute of National Colleges of Technology, Japan, to offer scholarships (Name: Komatsu Scholarship) to students of national technical colleges located in the devastated areas of Tohoku and northern Kanto regions to support the students who are expected to work for Japan's manufacturing industries in the future.

In addition to this scholarship offering, Komatsu will, directly or indirectly, continue relief efforts, such as on-going free-of-charge lending of construction equipment and other products.

[Outline of the Komatsu Scholarship]

Total amount of scholarship: JPY 200 million (JPY 20 million a year for 10 years)
Applicability: Current and future students of disaster-stricken national technical colleges in the Tohoku and northern Kanto regions.
Note: With respect to application methods, selection of scholarship recipients, allocation of scholarship amounts and other pertinent matters, Komatsu will make its decisions after discussing the process with the Institute of National Colleges of Technology, Japan.

[Comment by Masakatsu Hioki, Senior Executive Officer, Komatsu Ltd.]

"The Komatsu Group is supported by many top-notch engineers. This is also true for Japan as a nation of manufacturing industries. We have established the scholarship fund with firm convictions that no students should have to give up studying or lose their future opportunities to study because of this disaster. I am hoping from the bottom of my heart that the recipients of our scholarships will study hard to support Japan's manufacturing by overcoming all difficulties of this disaster and believing in a bright future for Japan."

[Signing ceremony on April 15, 2011]

Masakatsu Hioki (left), Senior Executive Officer, Komatsu Ltd.
Masato Kitani (right), Executive Director, Institute of National Colleges of Technology, Japan

Information in the news releases is current on the date of the announcement and is subject to change without notice.

2011/04/15

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KOMATSU Corporate Communications
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