KWHIF - Kawasaki Heavy Industries Ltd. (KWHIY) Q3 2023 Earnings Call Transcript
2024-02-13 18:42:13 ET
Kawasaki Heavy Industries, Ltd. (KWHIY)
Q3 2023 Results Conference Call
February 8, 2024 11:30 PM ET
Company Participants
Katsuya Yamamoto - EVP, Executive Officer & IR
Presentation
Katsuya Yamamoto
My name is Yamamoto. Thank you for your participation. Now I would like to present financial highlights. As announced today, at 11:30 a.m. on the Tokyo Stock Exchange and on the company's website. In the third quarter financial year 2023, the company booked a 9-month cumulative business profit of JPY 700 million, a significant improvement from the previous quarter when the company posted a loss related to operational problems with the PW1100G-JM engine.
For the full year, business profit is expected to reach JPY 43 billion, an increase of JPY 3 billion from the previous announced forecast due to improved profitability in Aerospace Systems, Energy Solutions & Marine Engineering as well as a weaker yen despite worsening performance in Precision Machinery & Robot and Powersports & Engine.
Income before taxes and net income are unchanged from the previous forecast due to the expected loss on valuation of hedges by forward exchange contracts. Dividends will remain unchanged. The above is an overview. Please refer to Page 3 for a detailed explanation of the results....
Kawasaki Heavy Industries, Ltd. (KWHIY) Q3 2023 Earnings Call Transcript