Six-Month Report Shows Kawasaki’s Net Income Soaring
November 17, 2006
Filed under Features
Kawasaki Heavy Industries reported its net income for the six-month period ending Sept. 30 was 11.4 billion yen ($96.6 million), up 118 percent compared to the same period a year ago.
Not surprisingly, net sales also increased. KHI reported its sixth-month sales were 645.8 billion yen ($5.4 billion), up 9 percent over the same period last year.
For its consumer products and machinery division, which includes powersports products, sales were up 14 percent to 189.9 billion yen ($1.6 billion).
Looking ahead, KHI forecast year-end sales of 1.43 trillion yen ($12.1 billion), with a net income of 26 billion yen ($220 million).