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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 ) *
------
KOMATSU LTD.
--------------------------------------------------------------------------------
(Name of Issuer)
AMERICAN DEPOSITORY RECEIPT AND COMMON SHARES
--------------------------------------------------------------------------------
(Title of Class of Securities)
500458401
---------------------------------------------------
(CUSIP Number)
December 31, 2001
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1 (b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the ACT
but shall be subject to all other provisions of the Act (however, see the
Notes).
SEC 1745 (3-98)
Page 2 of 17
CUSIP No. 500458401
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1. Names of Reporting Persons. Brandes Investment Partners, L.P.
I.R.S. Identification Nos. of
above persons (entities only). 33-0704072
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization California
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares Bene- ------------------------------------------------------------
ficially owned 6. Shared Voting Power 8,810,924 ADR and 70,958,800 ORD
by Each ------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With: ------------------------------------------------------------
8. Shared Dispositive Power
12,290,630 ADR and 70,958,800 ORD
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,290,630 ADR and 70,958,800 ORD
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9)
12.5%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IA, PN
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Page 3 of 17
CUSIP No. 500458401
--------------------------------------------------------------------------------
1. Names of Reporting Persons. Brandes Investment Partners, Inc.
I.R.S. Identification Nos. of 33-0090873
above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization California
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares Bene- ------------------------------------------------------------
ficially owned 6. Shared Voting Power 8,810,924 ADR and 70,958,800 ORD
by Each ------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With: ------------------------------------------------------------
8. Shared Dispositive Power
12,290,630 ADR and 70,958,800 ORD
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,290,630 ADR and 70,958,800 ORD shares are deemed to be beneficially
owned by Brandes Investment Partners, Inc., as a control person of the
investment adviser. Brandes Investment Partners, Inc. disclaims any
direct ownership of the shares reported in this Schedule 13G, except
for an amount that is substantially less than one per cent of the
number of shares reported herein.
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9)
12.5%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
CO, OO (Control Person)
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Page 4 of 17
CUSIP No. 500458401
--------------------------------------------------------------------------------
1. Names of Reporting Persons. Brandes Holdings, L.P.
I.R.S. Identification Nos. of 33-0836630
above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization California
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares Bene- ------------------------------------------------------------
ficially owned 6. Shared Voting Power 8,810,924 ADR and 70,958,800 ORD
by Each ------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With: ------------------------------------------------------------
8. Shared Dispositive Power
12,290,630 ADR and 70,958,800 ORD
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,290,630 ADR and 70,958,800 ORD shares are deemed to be beneficially
owned by Brandes Holdings, L.P., as a control person of the investment
adviser. Brandes Holdings, L.P. disclaims any direct ownership of the
shares reported in this Schedule 13G.
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9)
12.5%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN, OO (Control Person)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Page 5 of 17
CUSIP No. 500458401
--------------------------------------------------------------------------------
1. Names of Reporting Persons. Charles H. Brandes
I.R.S. Identification Nos. of
above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization USA
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares Bene- ------------------------------------------------------------
ficially owned 6. Shared Voting Power 8,810,924 ADR and 70,958,800 ORD
by Each ------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With: ------------------------------------------------------------
8. Shared Dispositive Power
12,290,630 ADR and 70,958,800 ORD
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,290,630 ADR and 70,958,800 ORD shares are deemed to be beneficially
owned by Charles H. Brandes, a control person of the investment
adviser. Mr. Brandes disclaims any direct ownership of the shares
reported in this Schedule 13G, except for an amount that is
substantially less than one per cent of the number of shares reported
herein.
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9)
12.5%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN, OO (Control Person)
--------------------------------------------------------------------------------
Page 6 of 17
CUSIP No. 500458401
--------------------------------------------------------------------------------
1. Names of Reporting Persons. Glenn R. Carlson
I.R.S. Identification Nos. of
above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization USA
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares Bene- ------------------------------------------------------------
ficially owned 6. Shared Voting Power 8,810,924 ADR and 70,958,800 ORD
by Each ------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With: ------------------------------------------------------------
8. Shared Dispositive Power
12,290,630 ADR and 70,958,800 ORD
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,290,630 ADR and 70,958,800 ORD shares are deemed to be beneficially
owned by Glenn R. Carlson, a control person of the investment adviser.
Mr. Carlson disclaims any direct ownership of the shares reported in
this Schedule 13G, except for an amount that is substantially less
than one per cent of the number of shares reported herein.
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9)
12.5%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN, OO (Control Person)
--------------------------------------------------------------------------------
Page 7 of 17
CUSIP No. 500458401
--------------------------------------------------------------------------------
1. Names of Reporting Persons. Jeffrey A. Busby
I.R.S. Identification Nos. of
above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization USA
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares Bene- ------------------------------------------------------------
ficially owned 6. Shared Voting Power 8,810,924 ADR and 70,958,800 ORD
by Each ------------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With: ------------------------------------------------------------
8. Shared Dispositive Power
12,290,630 ADR and 70,958,800 ORD
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
12,290,630 ADR and 70,958,800 ORD shares are deemed to be beneficially
owned by Jeffrey A. Busby, a control person of the investment adviser.
Mr. Busby disclaims any direct ownership of the shares reported in
this Schedule 13G, except for an amount that is substantially less
than one per cent of the number of shares reported herein.
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9)
12.5%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN, OO (Control Person)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Page 8 of 17
Item 1(a) Name of Issuer:
Komatsu Ltd.
Item 1(b) Address of Issuer's Principal Executive Offices:
2-3-6 Akasaka, Minato-Ku, Tokyo, 107-8414, Japan
Item 2(a) Name of Person Filing:
(i) Brandes Investment Partners, L.P.
(ii) Brandes Investment Partners, Inc.
(iii)Brandes Holdings, L.P.
(iv) Charles H. Brandes
(v) Glenn R. Carlson
(vi) Jeffrey A. Busby
Item 2(b) Address of Principal Business office or, if None, Residence:
(i) 11988 El Camino Real, Suite 500, San Diego, CA 92130
(ii) 11988 El Camino Real, Suite 500, San Diego, CA 92130
(iii)11988 El Camino Real, Suite 500, San Diego, CA 92130
(iv) 11988 El Camino Real, Suite 500, San Diego, CA 92130
(v) 11988 El Camino Real, Suite 500, San Diego, CA 92130
(vi) 11988 El Camino Real, Suite 500, San Diego, CA 92130
Item 2(c) Citizenship
(i) California
(ii) California
(iii)California
(iv) USA
(v) USA
(vi) USA
Page 9 of 17
Item 2(d) Title of Class Securities:
American Depository Receipt and Common Shares
Item 2(e) CUSIP Number:
500458401
Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) | | Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) | | Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) | | Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) | | Investment company registered under section 8 of the
Investment Company Act (15 U.S.C. 80a-8).
(e) | | An investment adviser in accordance with ss.240.13d-1(b)
(1)(ii)(E).
(f) | | An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(ii)(F).
(g) | | A parent holding company or control person in accordance
with ss.240.13d-1(b)(1)(ii)(G).
(h) | | A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) | | A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) |X| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
This statement is filed by Brandes Investment Partners, L.P., an
investment adviser registered under the Investment Advisers Act
of 1940, its control persons and its holding company. (See, also,
Exhibit A.)
Item 4. Ownership:
(a) Amount Beneficially Owned: 12,290,630 ADR and 70,958,800 ORD
---------------------------------
(b) Percent of Class: 12.5%
-----
(c) Number of shares as to which the joint filers have:
(i) sole power to vote or to direct the vote: 0
-------
(ii) shared power to vote or to direct the vote:
8,810,924 ADR and 70,958,800 ORD
--------------------------------
(iii)sole power to dispose or to direct the disposition of:
0
-------
Page 10 of 17
(iv) shared power to dispose or to direct the disposition
of: 12,290,630 ADR and 70,958,800 ORD
---------------------------------
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class
securities, check the following |_|. N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
N/A
Item 8. Identification and Classification of Members of the Group.
SEE EXHIBIT A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification:
(a) The following certification shall be included if the
statement is filed pursuant to ss. 240.13d-1(b):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
and held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 14, 2002
BRANDES INVESTMENT PARTNERS, L.P.
By:/s/ Adelaide Pund
------------------------------------------
Adelaide Pund as Attorney-In-Fact for
Charles H. Brandes, President and Chairman
of Brandes Investment Partners, Inc., its
General Partner
Page 11 of 17
BRANDES INVESTMENT PARTNERS, INC.
By:/s/ Adelaide Pund
------------------------------------------
Adelaide Pund as Attorney-In-Fact for
Charles H. Brandes, President and Chairman
BRANDES HOLDINGS, L.P.
By:/s/ Adelaide Pund
------------------------------------------
Adelaide Pund as Attorney-In-Fact for
Charles H. Brandes, President and Chairman
of Brandes Investment Partners, Inc., its
General Partner
By:/s/ Adelaide Pund
------------------------------------------
Adelaide Pund as Attorney-In-Fact for
Charles H. Brandes, Control Person
By:/s/ Adelaide Pund
------------------------------------------
Adelaide Pund as Attorney-In-Fact for
Glenn R. Carlson, Control Person
By:/s/ Adelaide Pund
------------------------------------------
Adelaide Pund as Attorney-In-Fact for
Jeffrey A. Busby, Control Person
Page 12 of 17
EXHIBIT A
-
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
---------------------------------------------------------
Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and
Exchange Act of 1934, the members of the group making this joint filing are
identified and classified as follows:
NAME CLASSIFICATION
---- --------------
Brandes Investment Partners, L.P. Investment adviser registered under
(the "Investment Adviser") Investment Advisers Act of 1940
Brandes Investment Partners, Inc. A control person of the Investment Adviser
Brandes Holdings, L.P. A control person of the Investment Adviser
Charles H. Brandes A control person of the Investment Adviser
Glenn R. Carlson A control person of the Investment Adviser
Jeffrey A. Busby A control person of the Investment Adviser
Page 13 of 17
EXHIBIT B
-
JOINT FILING AGREEMENT PURSUANT TO RULE 13D-1
---------------------------------------------
This agreement is made pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1)
under the Securities and Exchange Act of 1934 (the "Act") by and among the
parties listed below, each referred to herein as a "Joint Filer." The Joint
Filers agree that a statement of beneficial ownership as required by Sections
13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their
behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint
filing may thereafter be amended by further joint filings. The Joint Filers
state that they each satisfy the requirements for making a joint filing under
Rule 13d-1.
Dated: January 31, 2000
BRANDES INVESTMENT PARTNERS, L.P.
By:/s/ Charles H. Brandes
------------------------------------------
Charles H. Brandes, President and
Chairman of Brandes Investment Partners,
Inc., its General Partner
BRANDES INVESTMENT PARTNERS, INC.
By:/s/ Charles H. Brandes
------------------------------------------
Charles H. Brandes, President and Chairman
BRANDES HOLDINGS, L.P.
By:/s/ Charles H. Brandes
------------------------------------------
Charles H. Brandes, President and Chairman
of Brandes Investment Partners, Inc., its
General Partner
By:/s/ Charles H. Brandes
------------------------------------------
Charles H. Brandes, Control Person
By:/s/ Glenn R. Carlson
------------------------------------------
Glenn R. Carlson, Control Person
By:/s/ Jeffrey A. Busby
------------------------------------------
Jeffrey A. Busby, Control Person
Page 14 of 17
EXHIBIT C
-
DISCLAIMER OF BENEFICIAL OWNERSHIP
----------------------------------
Brandes Investment Partners, Inc., Brandes Holdings, L.P., Charles H. Brandes,
Glenn R. Carlson and Jeffrey A. Busby, disclaim beneficial interest as to the
shares referenced above, except for an amount equal to substantially less than
one percent of the shares reported on this Schedule 13G. None of these entities
or individuals holds the above-referenced shares for its/his own account except
on a de minimis basis.
Page 15 of 17
EXHIBIT D
-
POWER OF ATTORNEY FORMS FOR
SCHEDULES 13G AND FORMS 13F
I, Charles Brandes, as director and chairman of Brandes Investment Partners,
Inc., which is the sole General Partner of Brandes Holdings, L.P., and as a
Managing Partner of Brandes Investment Partners, L.P., hereby appoint Gerald W.
Wheeler and Adelaide Pund as attorneys-in-fact and agents, in all capacities, to
execute, on my behalf and on behalf of Brandes Investment Partners, Inc.,
Brandes Investment Partners, L.P., and Brandes Holdings, L.P., to file with the
appropriate issuers, exchanges and regulatory authorities, any and all Schedules
13G and Forms 13F and documents relating thereto required to be filed under the
Securities and Exchange Act of 1934, including exhibits, attachments and
amendments thereto and request for confidential treatment of information
contained therein. I hereby grant to said attorneys-in-fact full authority to do
every act necessary to be done in order to effectuate the same as fully, to all
intents and purposes, as I could if personally present, thereby ratifying all
that said attorneys-in-fact and agents may lawfully do or cause to be done by
virtue hereof.
I hereby execute this Power of Attorney as of this 31 day of January, 2000.
/s/ Charles H. Brandes
-----------------------------------------
Charles H. Brandes
Page 16 of 17
EXHIBIT D
-
POWER OF ATTORNEY FORMS FOR
SCHEDULES 13G
I, Glenn R. Carlson, hereby appoint Gerald W. Wheeler and Adelaide Pund as
attorneys-in-fact and agents, in all capacities, to execute, on my behalf, and
to file with the appropriate issuers, exchanges and regulatory authorities, any
and all Schedules 13G and documents relating thereto required to be filed under
the Securities and Exchange Act of 1934, including exhibits, attachments and
amendments thereto and request for confidential treatment of information
contained therein in connection with my being a "control person" (as
contemplated for purposes of Schedule 13G) of Brandes Investment Partners, L.P.,
its subsidiaries and affiliates. I hereby grant to said attorneys-in-fact full
authority to do every act necessary to be done in order to effectuate the same
as fully, to all intents and purposes, as I could if personally present, thereby
ratifying all that said attorneys-in-fact and agents may lawfully do or cause to
be done by virtue hereof.
I hereby execute this Power of Attorney as of this 31 day of January, 2000.
/s/ Glenn R. Carlson
-----------------------------------------
Glenn R. Carlson
Page 17 of 17
EXHIBIT D
-
POWER OF ATTORNEY FORMS FOR
SCHEDULES 13G
I, Jeffrey A. Busby hereby appoint Gerald W. Wheeler and Adelaide Pund as
attorneys-in-fact and agents, in all capacities, to execute, on my behalf, and
to file with the appropriate issuers, exchanges and regulatory authorities, any
and all Schedules 13G and documents relating thereto required to be filed under
the Securities and Exchange Act of 1934, including exhibits, attachments and
amendments thereto and request for confidential treatment of information
contained therein in connection with my being a "control person" (as
contemplated for purposes of Schedule 13G) of Brandes Investment Partners, L.P.,
its subsidiaries and affiliates. I hereby grant to said attorneys-in-fact full
authority to do every act necessary to be done in order to effectuate the same
as fully, to all intents and purposes, as I could if personally present, thereby
ratifying all that said attorneys-in-fact and agents may lawfully do or cause to
be done by virtue hereof.
I hereby execute this Power of Attorney as of this 31 day of January, 2000.
/s/ Jeffrey A. Busby
-----------------------------------------
Jeffrey A. Busby