Kawasaki Heavy Industries’ North American sales escalated for the third straight year, reaching levels the company had not neared in four years.
The manufacturer’s North American sales for all of its segments rose nearly 17 percent to $2.3 billion in its latest fiscal year, which ended March 31.
Overall, Kawasaki Heavy Industries (KHI) reported a 9 percent increase in its net sales ($12.1 billion) and an 81 percent rise in its net income ($252 million) compared to its past fiscal year.
KHI’s consumer products and machinery division, which includes the powersports segments, also saw a sales increase, with this fiscal year’s revenue registering nearly a 10.5 percent jump to $3.4 billion.
The division’s year-end sales have risen each of the past three years and this latest fiscal year total represents a 20 percent increase over two years ago.
KHI does not break out its powersports segments within the consumer products and machinery division, so how bike and quad sales have fared isn’t released. However, company officials told dealers in Anaheim last September that they were expecting the company’s powersports sales growth would be five times the industry average, or about 15 percent.
KHI’s North American sales of $2.3 billion were the highest the company has reported since 2003, when North American sales were $2.1 billion.
KHI also reported sales growth in Europe (21.5 percent) and Japan (7 percent) in this fiscal year compared to the past one. psb
Copyright 2007 Powersports Business