Kawasaki Heavy Industries reported a 7.1% increase in net sales from its Motorcycle and Engine business for the fiscal year ended March 31, 2013. The bump in sales resulted in the division’s first year-end profit since the 2007-2008 fiscal year.
The Motorcycle and Engine division, which includes Kawasaki‘s ATVs, UTVs, personal watercraft and general purpose engines, generated 251.8 billion yen (US$2.462 billion) in sales revenue, up from 235.2 billion yen reported the previous fiscal year.
The sales increase contributed to an operating income of 2.3 billion yen (US$22.5 million) for the 2012-2013 fiscal year. The last time the Motorcycle and Engine division made a profit, it was known as the Consumer Products and Machinery division (including industrial robots), reporting an operating income of 19.7 billion yen the year ended March 31, 2008. Continue Reading »