The following is a summary of the Kawasaki Heavy Industries, Ltd. (KWHIY) Q2 2024 Earnings Call Transcript:
Financial Performance:
Kawasaki Heavy Industries reported the highest-ever revenue for a second quarter with JPY884.1 billion and a business profit of JPY47.7 billion.
Quarterly profit attributable to owners of parent stood at JPY13.6 billion.
The company recorded a foreign exchange loss of JPY15.7 billion due to the stronger yen at the end of September.
Business Progress:
There was significant recovery in the Aerospace Systems business, notably from the losses in the PW1100G engine business.
Profitability improvements were seen in the Aero Engine business.
A new joint venture was established in China for the hydraulic equipment business with EDDIE.
Opportunities:
The establishment of a joint venture in China in the hydraulic equipment business presents an opportunity for market expansion and gaining a competitive edge in high-end machines.
Risks:
Decreased revenue in the Powersports & Engine business due to suspended shipments because of a recall on four-wheelers and production launch delays at the new plant in Mexico.
Foreign exchange losses impacted the financials due to the sudden strengthening of the yen.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
