Kawasaki Heavy Industries, Ltd.

7012

JP3224200000

Consumer Goods Conglomerates

Delayed Japan Exchange Other stock markets 01:23:19 2024-04-25 am EDT			5-day change	1st Jan Change
4,653 ^JPY	-3.54%		-4.45%	+49.28%

Apr. 01	Japan's Nikkei ends at 2-week low as new fiscal year begins	RE
Mar. 07	Geopolitics, FX Pressure Asian Stock Markets	MT

Management Overview for the Second Quarter FY2018 (PDF:720.8K )

October 29, 2018 at 11:27 pm EDT

Management Overview

October 30, 2018

Progress of Medium-Term Business Plan "MTBP2016"

[Billion yen]

2,000

Orders ReceivedNet Sales

1,500

1,000

500

FY2016

FY2015

FY2016

FY2017

Assumed exchange rates （USD）

118.99

108.98

110.62

October 110 0July 107

MTBP2016

[Billion yen]

120.0

Operating Income

(Before-tax ROIC)

80.0

40.0

0.0

FY2018

Forecast

FY2015

FY2017

FY2018 Forecast

118.99

108.98

110.62

October 110 0July 107

MTBP2016

Details of Change in Operating Income Forecast

• Operating Income Forecast
−Compared to the forecast in July: - 9.0 Billion yen

(July: 75.0 Billion yen ⇒ October: 66.0 Billion yen）

Losses on the

[Billion yen] Rolling Stock Business

Forecast in July

Details

Effects of foreign exchange rates ＋5.0

Others ＋2.5

Forecast in October

Details of Change in Operating Income Forecast (Con't)

• Operating Income Forecast at the Rolling Stock Business
−Compared to the forecast in July: - 16.5 Billion yen

(July: 2.5 Billion yen ⇒ October: - 14.0 Billion yen）

[Billion yen]

Long Island Rail Road Project

Base ContractLong Island Rail Road Project Option Contract

• Insufficient price adjustment for required changes: -2.0
• Material cost: -3.5 etc.

Washington Metropolitan

Area Transit Authority

Project, etc.

• Cost increase for WMATA※1: -3.0
• Modification cost for delivered cars to other project in North America: -1.0
• Revision of sales and cost, etc.

Domestic Projects

• Material cost: -1.5
-14.0
-5.0
• Difference in the perception to the specifications: -0.5
• Production cost, etc.

-3.0

Forecast in July 2.5 Billion yen

-16.5 Billion yen

Forecast in October

-14.0 Billion yen

Structure of

Rolling Stock Business Restructuring Committee

organizational structure

Function
Preside over restructuring business	Make a reinforcement plan of governance

Monitor sub-committees' status

Consider organizational structure & increasing headcount

Member

・Head Office

President, Vice President, General Manager of

Corporate Planning and Finance & Accounting Division

・Rolling Stock Company

President, Vice President, General Manager of Business Planning & Control Division

Business Condition & Profit Management Sub-committee

Function

Deliberate order received & Report status of order received

Follow up on performance of major projects' contract

Follow up on profit management

Follow up on profitability improvement measures

Member

・Head Office

Vice President, General Manager of Corporate Planning and Finance & Accounting Division, Corporate Planning Department

・Rolling Stock Company

President, Vice President, General Manager of Business Planning & Control Division

Reviewing Project Management

Sub-committee

Function

① Analyze unprofitable projects

② Review problems by phaseImprove business process through ① &②

Member

・Head Office

Vice President, General Manager of Corporate Technology

Division, Auditing Department

・Rolling Stock Company

President, Vice President, General Manager of Business Planning & Control Division

・Aerospace Systems Company

・Energy System &Plant Engineering Company

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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

Latest news about Kawasaki Heavy Industries, Ltd.

Japan's Nikkei ends at 2-week low as new fiscal year begins	Apr. 01	RE
Geopolitics, FX Pressure Asian Stock Markets	Mar. 07	MT
China Outlook, Earnings Roil Asian Stock Markets	Mar. 06	MT
Nikkei extends record rally on pharma boost	Feb. 25	RE
EU Green-lights Japanese Liquefied Hydrogen Supply Chain JV	Feb. 23	MT
Transcript : Kawasaki Heavy Industries, Ltd., Q3 2024 Earnings Call, Feb 09, 2024	Feb. 08
Domestic Policies, Fed Outlooks Roil Asian Stock Markets	Dec. 13	MT
Transcript : Kawasaki Heavy Industries, Ltd., Q2 2024 Earnings Call, Nov 08, 2023	Nov. 08
Weak yen forces Japan to shrink historic military spending plan	Nov. 03	RE
Weak yen forces Japan to shrink historic military spending plan	Nov. 02	RE
Inpex Corporation agreed to acquire a 30% stake in Japan Suiso Energy, Ltd. from Kawasaki Heavy Industries, Ltd.	23-10-30	CI
Westinghouse Air Brake to Provide Brakes, Couplers for Metro New York Transit Train Cars Through Kawasaki Rail Car	23-10-23	MT
Middle East Prospects, China Market Measures Lift Asian Exchanges	23-10-17	MT
Japan's Nikkei ends lower ahead of US inflation data	23-09-13	RE
Airlines, suppliers set to take a hit from RTX's jet engine issues	23-09-12	RE
Airlines, suppliers warn of hit from RTX engine snag	23-09-12	RE
Japan's IHI, Kawasaki Heavy expect hit from GTF engine issue	23-09-12	RE
Japanese Shares End Three-Session Losing Streak on Tuesday; Shares of Alps Alpine Rise Over 4%	23-09-12	MT
Shares of Japan Jet-Engine Partners Fall After RTX Plan to Repair Pratt & Whitney Engines	23-09-12	DJ
Shipowner NYK to Develop Japan's First Ammonia Bunkering Boom -- OPIS	23-08-17	DJ
Transcript : Kawasaki Heavy Industries, Ltd., Q1 2024 Earnings Call, Aug 08, 2023	23-08-08
Jefferies Adjusts Kawasaki Heavy Industries' Price Target to 3,800 Yen From 3,100 Yen, Keeps at Hold	23-06-19	MT
Stimulus Hopes, Profit-Taking Roil Asian Stock Markets	23-06-07	MT
Tech Rally, Softer Dollar Lift Asian Stock Markets	23-05-26	MT
U.S. seeking to use private shipyards in Japan for warship repairs - Nikkei	23-05-24	RE

Chart Kawasaki Heavy Industries, Ltd.

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Company Profile

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%).

Sector

Consumer Goods Conglomerates

Calendar

2024-05-08 - Q4 2023 Earnings Release

Related indices

Nikkei 225

More about the company

Income Statement Evolution

More financial data

Ratings for Kawasaki Heavy Industries, Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4,824 JPY

Average target price

4,918 JPY

Spread / Average Target

+1.95%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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Consumer Goods Conglomerates

Kawasaki Heavy Industries, Ltd.

Equities

7012

JP3224200000

Consumer Goods Conglomerates

Management Overview for the Second Quarter FY2018 (PDF:720.8K )

EPS Revisions