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Kawasaki Heavy Inds (64LD)

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Friday 22 October, 2010

Kawasaki Heavy Inds

Revised Business Forecasts fo

RNS Number : 8431U
Kawasaki Heavy Industries Ltd
22 October 2010
 



 

 

Notice Concerning Revision of the Outlook for Performance

for the First Half of Fiscal Year Ending March 31, 2011

 

 

Kawasaki Heavy Industries, Ltd. (KHI) today has announced revision of the outlook for performance published on July 30, 2010 for the first half (cumulative first and second quarters) of fiscal year ending March 31, 2011 as follows.

 

1.   Revision of the Outlook for Performance for the first half of fiscal year ending March 31, 2011 (Consolidated)

 


Net sales

(Mill. yen)

Operating

income

(Mill. yen)

Recurring

Profit

(Mill. yen)

Net income

(Mill. yen)

Earnings per share

(Yen)

Previous forecast announced on

July 30, 2010 (A)

580,000

15,000

14,000

7,000

4.19

Revised forecast announced today (B)

571,700

20,900

21,200

12,300

7.37

Change (B-A)

(8,300)

5,900

7,200

5,300

N/A

% Change

(1.4%)

39.3%

51.4%

75.7%

N/A

Results for the first half of fiscal year ended March 31, 2010

(for reference only)

516,053

(6,167)

(1,223)

(6,294)

(3.77)

 

2.  Reasons for the Revision

There is no significant change for net sales for the first half of fiscal year ending March 31, 2011 from the previously announced forecast.

Despite the negative impact of the strong yen, the forecast for operating income, recurring profit and net income are expected to substantially exceed the previously announced forecast because of continuing high operation in Precision Machinery segment and good progress in contracts in Plant & Infrastructure Engineering segment.

The outlook for performance for fiscal year ending March 31, 2011 will be announced on November 2, 2010 when the financial results for the first half of the fiscal year will be disclosed. 

 

- End of document-


This information is provided by RNS
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