Kawasaki reported the fourth-consecutive profitable quarter from its Motorcycle & Engine business, with an operating income of 1.5 billion yen (US$14.6 million) for the three months ended Dec. 31, 2013. Through the first three quarters of its 2013-2014 fiscal year, Kawasaki’s Motorcycle & Engine division earned a operating income of 4.0 billion yen (US$38.9 million), […]
Kawasaki Reports Q1 2013-2014 Sales Results
Kawasaki reported net sales of 67.4 billion yen (US$686.5 million) from its Motorcycle and Engine division for the first quarter ended June 30, 2013. That represents a 26.2% increase from the net sales of 53.4 billion yen reported in the same period of 2012.
According to Kawasaki’s first quarter report, the Motorcycle and Engine division (which includes Jet Skis, ATVs and UTVs) saw sales of 127,000 units over the quarter, up from 115,000 units in the same period last year. The 2013 Ninja 300 and Ninja 250 models were particularly popular, with Kawasaki calling its littlest Ninja a worldwide success including in emerging markets.
Kawasaki attributes much of the increase to rising sales in the U.S. and emerging markets such as Thailand and Indonesia. North American sales remained close to last year’s first quarter results at around the 20,000 unit mark but net sales revenue from the market rose 33.0% to 17.3 billion yen from 13.0 billion yen.
The Motorcycle and Engine division reported a net profit of 2.4 billion yen (US$24.5 million) over the quarter, an improvement from the net loss of 0.3 billion yen reported in the first quarter last year.
Overall, Kawasaki Heavy Industries reported a net profit of 4.5 billion yen, a drop from the profit of 6.0 billion yen last year.
Looking ahead, Kawasaki forecasts a net income of 34.0 billion yen for the 2013-2014 fiscal year. Kawasaki expects an operating income of 10.0 billion yen from its Motorcycle and Engine division with net sales of 290.0 billion yen. Kawasaki forecasts sales of 620,000 units over the fiscal year, a 14.0% improvement from the 544,000 units sold last year.