Kawasaki Reports Q4 2010-2011 Results
April 29th, 2011 6:00 AM
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Kawasaki reported a loss of US$61 million from its powersports division for its fiscal year ended March 31, 2011 despite a 15% increase in net sales.
Get Motorcycle.com in your InboxAccording to the 2010-2011 fiscal report from Kawasaki Heavy Industries, the company’s motorcycle and engine segment, which includes quads, Jet Ski watercraft and general purpose engines, operated at a loss of 5.0 billion yen (US$61 million).
While it is still a loss, it is an improvement from the 27 billion yen (US$332 million) loss reported in the previous year. Sales were up 15% to 235.7 billion yen (US$2.9 billion) compared to the 204.6 billion yen (US$2.5 billion) reported in the previous year.
Overall, Kawasaki Heavy Industries returned to profitability in the 2010-2011 fiscal year, with a net gain of 26.0 billion yen (US$319.5 million) compared to a loss of 10.9 billion yen (US$133.6 million) reported in the previous fiscal year.
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