Kawasaki Heavy Industries : Revision of the Outlook for performance for the Fiscal Year Ending March 31, 2020
September 30, 2019 at 02:21 am EDT
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For Release: September 30, 2019
Revision of the Outlook for Performance for the Fiscal Year Ending March 31, 2020
Tokyo, September 30, 2019-Kawasaki Heavy Industries, Ltd. (hereinafter, "KHI") hereby announces that KHI has revised its full-year consolidated business forecast for the Fiscal Year ending March 31, 2020 (FY2019) announced on July 30, 2019, as follows.
1. Revision of the outlook for performance of FY2019
Net income
Net sales
Operating
Recurring
attributable
Earnings
Income
Profit
to owners of
per share
(Mil. yen)
(Mil. yen)
(Mil. yen)
parent
(Yen)
(Mil. yen)
Previous forecast
announced on July
1,700,000
72,000
61,000
38,000
227.48
31, 2019 (A)
Revised forecast
1,660,000
56,000
41,000
25,000
149.66
announced today (B)
Change (B-A)
(40,000)
(16,000)
(20,000)
(13,000)
―
Change (in %)
(2.3)
(22.2)
(32.7)
(34.2)
―
Results for FY2018
1,594,743
64,023
37,861
27,453
164.34
(for reference only)
2. Reason for the revision
Net sales are expected to decrease by 40 billion yen to 1.66 trillion yen from the previously announced forecast (July 30) due to a decrease in sales of hydraulic equipment for construction machinery in the precision machinery business and a decrease in sales of semiconductor-related robots in the robotics business, in addition to a decrease in sales resulting from a revision of the assumed exchange rate from 110 yen to 107 yen per dollar and from 125 yen to 118 yen per euro. Operating income is expected to decrease by 16 billion yen to 56 billion yen due to foreign exchange gains and a decline in sales in the precision machinery and robotic business. Recurring profit is expected to decrease by 20 billion yen to 41 billion yen due to a decline in operating profit and an increase in foreign exchange losses. Net income attributable to owners of parent is expected to decrease by 13 billion yen to 25 billion yen.
KHI do not change the annual dividend forecast due to the revision of this outlook.
(Note regarding outlook for performance)
The above outlook is based on information available at the time of preparation, and includes risks and uncertainties. KHI therefore discourages making investment decisions depending solely on this outlook. Please note that actual earnings may differ materially from this outlook, due to a variety of important factors stemming from changes in the external environment and/or the KHI's internal environment. Important factors that impact actual operating performance include, but are not limited to, the economic situation surrounding the KHI's scope of business, foreign exchange rates in particular the yen/US dollar exchange rate, tax codes and other regulatory system-related issues.
-End of document-
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Kawasaki Heavy Industries Ltd. published this content on 30 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2019 06:17:02 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. 
