KHI revises its performance outlook for FY2019
Kawasaki Heavy Industries, Ltd. (hereinafter, “KHI”) announced that KHI has revised its full-year consolidated business forecast for the Fiscal Year ending March 31, 2020 (FY2019) announced on July 30, 2019, as follows.
1.Revision of the outlook for performance of FY2019
2. Reason for the revision
Net sales are expected to decrease by 40 billion yen to 1.66 trillion yen from the previously announced forecast (July 30) due to a decrease in sales of hydraulic equipment for construction machinery in the precision machinery business and a decrease in sales of semiconductor-related robots in the robotics business, in addition to a decrease in sales resulting from a revision of the assumed exchange rate from 110 yen to 107 yen per dollar and from 125 yen to 118 yen per euro. Operating income is expected to decrease by 16 billion yen to 56 billion yen due to foreign exchange gains and a decline in sales in the precision machinery and robotic business. Recurring profit is expected to decrease by 20 billion yen to 41 billion yen due to a decline in operating profit and an increase in foreign exchange losses. Net income attributable to owners of parent is expected to decrease by 13 billion yen to 25 billion yen. KHI do not change the annual dividend forecast due to the revision of this outlook.
The above outlook is based on information available at the time of preparation, and includes risks and uncertainties. KHI therefore discourages making investment decisions depending solely on this outlook. Please note that actual earnings may differ materially from this outlook, due to a variety of important factors stemming from changes in the external environment and/or the KHI’s internal environment. Important factors that impact actual operating performance include, but are not limited to, the economic situation surrounding the KHI’s scope of business, foreign exchange rates in particular the yen/US dollar exchange rate, tax codes and other regulatory system-related issues.