Kawasaki announced the start of operations in the world’s largest motorcycle market, China. The company actually established its new subsidiary, Kawasaki Heavy Industries Management (Shanghai), in April but the subsidiary will begin importing and selling motorcycles Aug. 18. The company will focus sales around the major centers of Beijing, Shanghai and Chengdu, hoping to attract […]
Kawasaki Reports Q4 2011-2012 Results
Kawasaki reported a slight increase in sales while reducing the operating loss from its motorcycle and engine division during its fiscal year ended March 31, 2011.
According to its year-end report, Kawasaki‘s motorcycle and engine business generated 235.2 billion yen (US$2.9 billion) in sales, a slight increase from the 234.4 million yen reported the year before. Kawasaki still suffered a loss from the division, though the loss of 2.959 million yen was still an improvement from the operating loss of 5.0 million yen reported the year prior. The motorcycle and engine division includes motorcycles, quads, jet skis and general purpose engines.
Kawasaki reported decreasing sales in developed markets due to the appreciation of the Japanese yen. Sales from emerging markets were up however. The Indonesian market especially saw increased demand. Kawasaki plans to continue gaining sales in Asia with the construction of new plants in Indonesia and Thailand.
Looking ahead, Kawasaki forecasts sales revenue of 260 billion yen for the fiscal year ending March 31, 2013.
Overall, Kawasaki Heavy Industries reported a net income of 23.3 billion yen (US$290.8 million) for the fiscal year, down 10% from the 26.0 billion yen reported the previous year.