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WEAKER YEAR FOR KAWASAKI

Failure to hedge against yen appreciation and falling bike sales in emerging markets knocked turnover and earnings in 12-monthly results to 31 March for Kawasaki’s motorcycle and engine division, reports BDN financial editor Roger Willis.

Revenue was 6.2% down to £2.183bn, representing 20% of entire net sales for Kawasaki Heavy Industries. Associated operating profit plunged by 25.5% to £81.9m.

Motorcycle sales volume in developed markets, primarily Europe and North America, climbed by 13.3% to 153,000 units. But resultant repatriated revenue was 4.1% lower at £785.3m as negative currency translation hit home. Bike volume in emerging countries was 2.1% down to 321,000 units, with revenue sinking by 10.5% to £606.1m. Global ATV and PWC sales were 8.2% up to 66,000 units, although revenue dropped by 1.7% to £511.2m.

However, for its new 2017/2018 fiscal year, Kawasaki is forecasting a 5.4% divisional revenue rise to £2.301bn and operating profit improving by 11.1% to £90.7m.      

 

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