Kawasaki report fiscal year 2016 results
Kawasaki has released its fiscal year 2016 report, detailing the company’s financial results in comparison to 2015. Both net sales and operating income decreased in the motorcycle and engine segment.
Net sales from fiscal year 2016 in comparison to 2015 decreased due to the effect of the appreciation of the yen, decrease in general purpose gasoline engines and motorcycles for emerging market, and other factors, despite increase in motorcycles and utility vehicles for developed countries. Operating income in the motorcycle and engine segment also decreased due to overall sales decrease.
The number of motorcycles sold to developed countries increased from 135,000 units in 2015 to 153,000 units in 2016. The number of motorcycles for the emerging market decreased from 328,000 units in 2915 to 321,000 units in 2016. Utility vehicles, ATVs & PWC units increased from 61,000 units to 66,000 units in 2016. Total wholesale by product increased from 524,000 units in 2015 to 540,000 units. However, the total wholesale of yen depreciated from 333.5 billion yen to 313 billion yen.
Looking ahead to 2017, net sales are expected to increase due to an increase in motorcycles and utility vehicles for developed countries, recovery of motorcycles for emerging market, and other factors. Operating income is also expected to increase along with sales.
