Kawasaki Heavy Industries : Financial Results for the First Quarter FY2019(Presentation Material) (PDF：1.04MB）

Financial Results for First Quarter FY2019 (for the year ending March 31, 2020)

July. 30, 2019

Table of Contents

Ⅰ. Consolidated Results for First Quarter FY2019

•	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 FY2019

•	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

© 2019 KAWASAKI HEAVY INDUSTRIES, LTD. All Rights Reserved	2

Summary of Financial Results

[Billion Yen]

	FY2018	FY2019	Change
	1Q	1Q
Orders Received	※ 359.9	328.2	－	31.7
Net Sales	343.7	350.7	+	6.9
Operating Income	7.1	1.0	－	6.0
Recurring Profit	8.5	▲ 4.3	－	12.9
Net Income Attributable to	2.5	▲ 8.2	－	10.8
Owners of Parent

※Revised order received in FY2018 1Q of Precision Machinery & Robot segment due to change in calculation method of order received and refinement (353.7 billion yen → 359.9 billion yen)

<> exchange rates>

Yen/US$	108.13	110.32
Yen/EUR	129.07	124.35

vs. FY2018.1Q

• Orders Received
• • Decreased mainly in Energy System & Plant Engineering segment
• Net Sales
• • Increased as a whole due to an increase in Aerospace Systems segment and other factors, despite a decrease in Energy System & Plant Engineering and Motorcycle & Engine segment and other factors
• Profits
• • Operating income decreased as a whole due to a decrease in Precision Machinery & Robot and a deterioration in Rolling Stock segment, despite an increase in Energy System & Plant Engineering and an improvement in Motorcycle & Engine segments
  • Recurring profit and Net income attributable to owners of parent deteriorated due to an increase in foreign exchange losses

(Appendix)

Net Sales in Foreign Currencies for First

Quarter FY2019	[Billion]
	US$	EUR
	0.44	0.05

© 2019 KAWASAKI HEAVY INDUSTRIES, LTD. All Rights Reserved	3

Financial Results by Segment

[Billion Yen]

			Orders Received			Net Sales			Operating Income
		FY2018	FY2019	Change	FY2018	FY2019	Change	FY2018	FY2019	Change
		1Q			1Q	1Q	1Q	1Q	1Q
	Aerospace Systems	79.0		69.7	－	9.3	104.9	122.1	+	17.2	5.3	4.8	－	0.4
	Energy System &	93.9		69.8	－	24.0	51.0	45.0	－	5.9	0.2	0.8	+	0.5
	Plant Engineering
	Precision Machinery & Robot	※1 57.1		52.9	－	4.1	47.9	48.3	+	0.3	4.5	1.7	－	2.8
	Ship & Offshore Structure		6.9		21.5	+	14.6	22.0	22.8	+	0.8	1.3	-0.3	－	1.7
	Rolling Stock	24.9		16.0	－	8.9	23.3	20.4	－	2.9	-0.9	-3.5	－	2.6
	Motorcycle & Engine	73.7		68.3	－	5.4	73.7	68.3	－	5.4	-3.3	-2.8	+	0.4
	Others	24.2		29.7	+	5.5	20.6	23.5	+	2.9	0.3	0.4	+	0.1
	Eliminations and corporate※2		-		-		-	-	-		-	-0.5	-0.0	+	0.5
	Total	※1 359.9		328.2	－	31.7	343.7	350.7	+	6.9	7.1	1.0	－	6.0
※1 Revised order received in FY2018 1Q of Precision Machinery & Robot segment due to change in calculation method of order received and refinement
	Precision Machinery & Robot	(before)	50.9	(after)	57.1
	Total	(before)	353.7	(after) 359.9

※2 "Eliminations and corporate" includes some expenses incurred at Head Office which were not allocated to each industry segment for internal reporting

© 2019 KAWASAKI HEAVY INDUSTRIES, LTD. All Rights Reserved	4

Details of Change in Profit

• Operating Profit

-6.0Billion yen (FY2018.1Q 7.1 Billion yen ⇒ FY2019.1Q 1.0 Billion yen)

Effects of

foreign exchange rates

Change in product mix and other factors

+0.0 ー0.6

Change in Sales

7.1	－5.7
	Change in selling, general and
	administrative expenses
	+0.3
		1.0
	-6.0 Billion yen
FY2018.1Q	FY2019.1Q

© 2019 KAWASAKI HEAVY INDUSTRIES, LTD. All Rights Reserved	5