Kawi Year-End Net Income Up 43%
Kawasaki Heavy Industries Ltd. (KHI) net income for its fiscal year ended March 31 was Y16.467 billion ($140.2 million) or Y11.2 per share, up 43 percent from net income of Y11.479 billion or Y7.9 per share for the year-ended March 31, 2005.
Japan-based KHI does business in six divisions – Aerospace; Consumer Products and Machinery; Gas Turbines and Machinery; Plant and Infrastructure Engineering; Rolling Stock, Construction Machinery and Crushing; and Shipbuilding. The manufacturer said full-year consolidated sales were Y1.322 trillion ($11.258 billion), up 7 percent from sales of Y1.241 trillion for the previous fiscal year.
The Consumer Products and Machinery division, of which powersports vehicles are a part, had full-year worldwide sales of Y373.7 billion ($3.2 billion) and operating income of Y19.9 billion ($169.4 million), an improvement from sales of Y343.5 billion and operating income of Y16.7 billion for the previous fiscal year.
