KWHIF - Kawasaki Heavy Industries Ltd (KWHIY) Q4 2023 Earnings Call Transcript
2024-05-12 06:04:06 ET
Kawasaki Heavy Industries Ltd (KWHIY)
Q4 2023 Earnings Call Transcript
May 09, 2024 01:00 AM ET
Company Participants
Katsuya Yamamoto - VP, Senior Corporate Executive Officer & Assistant to the President
Yasuhiko Hashimoto - President and Chief Executive Officer
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 Kawasaki website, our financial results for the fiscal year ended March 31, 2023 show that although we recorded a new record high in revenue, continuing a trend from the previous fiscal year, we had a decrease in profit due to a loss recorded in Aerospace Systems related to operational problems with the PW1100G-JM engine. However, business profit for the January to March period was higher than the previous forecast announced in February, and pre-tax income and net income were substantially improved due to a smaller foreign exchange loss, as the yen's depreciation accelerated toward the end of the fiscal year. As a result, net income for the period was ¥25.3 billion compared to the forecast of ¥12.0 billion. We therefore plan to pay full year dividends of ¥50, an increase of ¥10 from the previous forecast. ...
Kawasaki Heavy Industries Ltd (KWHIY) Q4 2023 Earnings Call Transcript