Financial Results for the Second Quarter FY2018(Presentation Material) (PDF:1.0M )
October 29, 2018 at 11:27 pm EDT
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Financial Results for Second Quarter FY2018 (for the year ending March 31, 2019)
Oct. 30, 2018
Table of Contents
Ⅰ. Consolidated Results for Second Quarter FY2018
•
Summary of Financial Results
3
•
Financial Results by Segment
4
•
Details of Change in Profit
5
•
Summary of Income Statement
6
•
Financial Results/Forecast by Segment
− Aerospace Systems
7
− Energy System & Plant Engineering
8
− Precision Machinery & Robot
9
− Ship & Offshore Structure
10
− Rolling Stock
11
− Motorcycle & Engine
12
•
Summary of Balance Sheet
13
•
Summary of Cash Flows
14
Ⅱ. Forecast for FY2018
• Consolidated Operating Performance 15
• Forecast by Segment 16
• Before-tax ROIC by Segment 17
• R&D/CAPEX/Number of Employees 18
• Historical Data 19
• Market Overview 20
Summary of Financial Results
[Billion Yen]
FY2017
2Q
FY2018
2Q
Change
Orders Received
666.9
719.8
+
52.9
Net Sales
709.7
688.1
－
21.6
Operating Income
16.1
8.4
－
7.6
Recurring Profit
15.1
0.2
－
14.9
Net Income (Loss) Attributable to Owners of Parent
10.8
▲ 3.5
－
14.4
Yen/US$
Yen/EUR
110.50
109.80
125.12
128.93
vs. FY2017.2Q
• Orders Received − Increased mainly in Energy System &
Plant Engineering segment
• Net Sales − Decreased as a whole due to decrease in
Aerospace Systems and Rolling Stock segments and other factors, despite increase in Precision Machinery & Robot segment and other factors
• Profits − Operating income decreased as a whole due to decrease in Rolling Stock and Aerospace Systems segments despite improvement in Ship & Offshore Structure segment − Recurring profit and Net income attributable to owners of parent decreased due to decrease in operating income, payments for the in-service issues of commercial aircraft jet engines and other factors
(Appendix)
Net Sales in Foreign Currencies
for FY2018.2Q
[Billion]
US$
EUR
0.98
0.02
Financial Results by Segment
[Billion Yen]
※1 Changed reporting segments from FY 2018. Results for FY2017 2Q in Aerospace Systems and Energy System & Plant Engineering segments have been restated in order to reflect this change ※2 "Eliminations and corporate" includes some expenses incurred at Head Office which were not allocated to each industry segment for internal reporting
Details of Change in Profit
• Operating Profit －7.6Billion yen (FY2017.2Q 16.1 Billion yen ⇒ FY2018.2Q 8.4 Billion yen)
Improvement in profitability of LNG carriers
+3.6
Long Island Rail Road Project Base Contract※1
－2.5
Washington Metropolitan AreaTransit Authority Project※1
－3.0
Domestic Projects※1
－3.0
－1.0
16.1
Effects of foreign exchange ratesChange in product mix and other factors
＋0.8
＋1.1
Change in SalesChange in selling, general and administrative expenses
－3.6
－7.6 Billion yen
8.4
FY2017.2Q
※1. Losses of the Rolling Stock Business
FY2018.2Q
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Disclaimer
Kawasaki Heavy Industries Ltd. published this content on 30 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 October 2018 03:26:05 UTC
Kawasaki Heavy Industries, Ltd. specializes in manufacturing and marketing of transportation and industrial machines equipments. Net sales break down by activity as follows:
- sale of motorcycles and engines (29.8%);
- sale of aerospace equipments (19.9%): aircrafts, helicopters, missiles, electronic equipments, monorails, etc.;
- sale of gas turbines (19.8%): turbines for naval, marines and industrial applications, generators, propulsion systems, etc. The group also develops naval construction activity (construction of ships, submarines, bulk carriers, oil tankers, etc.);
- sale of precision machines (16.8%): primarily hydraulic machines. The group is also developing a manufacturing of industrial machinery activity (tunnel boring machines, curling machines, grinding machines, etc.);
- sale of railway equipments (8.4%): train cars, electric and diesel locomotives, monorails, etc.;
- other (5.3%).
KAWASAKI HEAVY INDUSTRIES, LTD. 
