Kawasaki Heavy Industries Ltd Medium-term Business Plan Presentation Transcript

Oct 02, 2019 / NTS GMT

Release Date Price: $4.45

Transcript

Yoshinori Kanehana

Kawasaki Heavy Industries, Ltd. - President, CEO & Representative Director

Good afternoon, everyone. I'm Kanehana. On September 30, we announced a revision of our full year forecast. Operating income was originally forecasted as JPY 72 billion at the beginning of this fiscal year, but now it is estimated to decrease by JPY 16 billion to JPY 56 billion and estimates for recurring profit and net income are also being reviewed. The reason for this downward revision is profit declined due to temporary market slowdown and delayed recovery of Precision Machinery & Robot businesses and appreciation of the yen. And we assume this revision does not have a major impact on the medium-term business plan now explained today. We will make steady progress to meet the revised forecast.

Now let me move on to the

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