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Kawasaki Heavy Industries (7012) · InitiativeWorsened

Strengthening the Kawasaki Brand and Expanding Developed and Emerging Markets

First written in FY2016. 15 of 31 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2026.

31entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2018-Q1AdvancedFY2021-Q3 – FY2022WorsenedFY2024-Q2 – FY20262016: 120162017: 220172018: 320182019: 420192020: 320202021: 320212022: 420222023: 420232024: 320242025: 120252026: 32026
Same theme, other companies
Expanding international sales and profitA theme 99 companies write about · 0 as a headwind · 102 as a tailwind

Kawasaki Heavy Industries moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).

The whole theme swung hardest in 2020: 13 of 73 companies on the "Worse" side.

5 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 99 companies compared. The sentences above are computed from all 99.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Business profit was ¥22.7 billion, down ¥25.1 billion from the previous fiscal year, despite higher revenue, due to higher tariff costs, lower profitability amid intensifying competition in the US powersports market and higher fixed costs associated with investment to increase production.」

    The Powersports & Engine business recorded higher revenue, but profit declined due to tariff costs, lower profitability amid intensifying competition in the US market and higher fixed costs associated with investment to increase production.
  2. FY2026-H1WorsenedAnnual report

    「Business profit was ¥4.8 billion, down ¥10.0 billion from the same period of the previous year, despite higher revenue, due to higher fixed costs from investment to increase production, higher promotional expenses and the impact of US tariffs.」

    The Powersports & Engine business recorded higher revenue on increased sales of four-wheel vehicles and other products for North America, but profit declined due to the impact of fixed costs associated with investment to increase production, promotional expenses and US tariffs.
  3. FY2025-H1WorsenedAnnual report

    「Business profit declined by ¥8.2 billion year on year to ¥14.9 billion, due mainly to lower sales and increased fixed costs.」

    The Powersports & Engine business posted a ¥8.2 billion year-on-year decline in profit due to lower revenue and higher fixed costs. The impact of recalls and production delays on four-wheel vehicles for North America is also noted.
  4. FY2024WorsenedAnnual report

    「Business profit declined by ¥23.4 billion year on year to ¥48.0 billion, due mainly to increased fixed costs and the recognition of recall-related costs (*) for four-wheel vehicles for the US market.」

    Although sales revenue in the Powersports and Engines business was broadly unchanged from the previous fiscal year, business profit declined to ¥48.0 billion due to increased fixed costs and recall-related costs for four-wheel vehicles for the US market.
  5. FY2024-Q3WorsenedAnnual report

    「Business profit declined by ¥21.7 billion year on year to ¥32.0 billion, due to lower sales, increased fixed costs and the recognition of recall-related costs (*) for four-wheel vehicles for the US market.」

    Business profit in the Powersports and Engines business declined by ¥21.7 billion year on year to ¥32.0 billion due to lower sales, increased fixed costs and recall-related costs for four-wheel vehicles for the US market.
  6. FY2024-Q2WorsenedAnnual report

    「Business profit declined by ¥4.9 billion year on year to ¥23.1 billion. Although expanded sales of motorcycles and four-wheel vehicles and favorable foreign exchange had a positive impact, higher promotional expenses and fixed costs more than offset these benefits.」

    The Powersports and Engines business benefited from expanded sales of motorcycles and four-wheel vehicles and favorable foreign exchange, but profit declined by ¥4.9 billion year on year due to higher promotional expenses and fixed costs.
  7. FY2024-Q1AdvancedAnnual report

    「Business profit increased by ¥1.4 billion year on year to ¥14.3 billion, despite higher promotional expenses and fixed costs, due mainly to expanded sales of motorcycles and four-wheel vehicles and the impact of foreign exchange.」

    The Powersports and Engines business increased profit by ¥1.4 billion year on year due to expanded sales of motorcycles and four-wheel vehicles and the impact of foreign exchange.
  8. FY2023AdvancedAnnual report

    「Business profit increased by ¥34.0 billion year on year to ¥71.5 billion. This was despite higher raw-material and logistics costs and increased fixed costs, as smooth progress in passing costs on to prices, expanded sales of motorcycles, four-wheel vehicles and general-purpose engines, and the impact of foreign exchange more than offset the cost increases.」

    The Powersports and Engines business generated business profit of ¥71.5 billion due to price pass-through, expanded sales and the impact of foreign exchange, supporting company-wide earnings with record-high profit in fiscal 2022.
  9. FY2023-Q3AdvancedAnnual report

    「Business profit increased by ¥23.6 billion year on year to ¥53.7 billion. This was despite higher raw-material and logistics costs and increased fixed costs, as smooth progress in passing costs on to prices, expanded sales of motorcycles and four-wheel vehicles, and the impact of foreign exchange more than offset the cost increases.」

    The Powersports and Engines business reported business profit of ¥53.7 billion, up ¥23.6 billion year on year, due to price pass-through, expanded sales of motorcycles and four-wheel vehicles, and the impact of foreign exchange.
  10. FY2023-Q2AdvancedAnnual report

    「Business profit increased by ¥8.9 billion year on year to ¥28.0 billion. This was despite higher raw-material and logistics costs and increased fixed costs, as the impact of foreign exchange and higher sales of motorcycles and four-wheel vehicles, driven by expanded sales and price increases, more than offset the cost increases.」

    The Motorcycles and Engines business increased profit by ¥8.9 billion year on year due to expanded sales, price increases and the weaker yen. Raw-material, logistics and fixed costs continued to rise.
  11. FY2023-Q1WorsenedAnnual report

    「Business profit declined by ¥2.0 billion year on year to ¥12.8 billion, despite higher sales and the yen remaining weaker year on year, due to higher raw-material and logistics costs and increased fixed costs.」

    The Motorcycles and Engines business benefited from higher sales and the weaker yen, but profit declined due to higher raw-material and logistics costs and increased fixed costs.
  12. FY2022AdvancedAnnual report

    「For the time being, the mass-production businesses, including the Motorcycles and Engines business, which recorded record-high profit in fiscal 2021, and the Precision Machinery and Robot business, which continues to deliver strong results, will support company-wide earnings.」

    The Motorcycles and Engines business recorded record-high profit in fiscal 2021, demonstrating the results of higher sales in developed markets, Europe and Southeast Asia and the effectiveness of its brand and product strategies.
  13. FY2022-Q3AdvancedAnnual report

    「Operating income increased by ¥27.8 billion year on year to ¥29.6 billion, due to higher sales and the yen remaining weaker year on year.」

    Operating income in the Motorcycles and Engines business increased by ¥27.8 billion year on year to ¥29.6 billion due to higher sales and the weaker yen.
  14. FY2022-Q2AdvancedAnnual report

    「Operating income improved by ¥23.7 billion year on year to ¥18.5 billion, due to higher sales and the yen remaining weaker year on year.」

    The Motorcycles and Engines business improved from an operating loss in the previous year to operating income of ¥18.5 billion due to higher sales in North America, Europe and Southeast Asia and the weaker yen.
  15. FY2022-Q1AdvancedAnnual report

    「Operating income improved by ¥20.7 billion year on year to ¥14.8 billion, due to higher sales, the yen remaining weaker year on year, and reductions in promotional expenses.」

    The Motorcycles and Engines business improved from an operating loss in the previous year to operating income of ¥14.8 billion due to higher sales in North America, Europe and other markets, the weaker yen and lower promotional expenses.
  16. FY2021-Q3AdvancedAnnual report

    「Despite lower sales, operating income improved by ¥6.4 billion year on year to ¥1.8 billion due mainly to fixed-cost reductions.」

    The Motorcycles and Engines business improved from an operating loss in the previous year to operating income of ¥1.8 billion, despite lower sales of motorcycles for emerging markets and the impact of the stronger yen, due mainly to fixed-cost reductions.
  17. FY2021-Q2WorsenedAnnual report

    「In addition to lower sales, operating income deteriorated by ¥1.8 billion year on year, resulting in an operating loss of ¥5.1 billion, due mainly to the yen remaining stronger year on year against the US dollar and emerging-market currencies.」

    The Motorcycles and Engines business saw its operating loss deteriorate by ¥1.8 billion year on year to ¥5.1 billion due to lower sales of motorcycles for emerging markets and the impact of the stronger yen.
  18. FY2021-Q1WorsenedAnnual report

    「In addition to lower sales, operating income deteriorated by ¥3.0 billion year on year, resulting in an operating loss of ¥5.9 billion, due mainly to the yen remaining stronger year on year against the US dollar, euro and emerging-market currencies.」

    The Motorcycles and Engines business saw its operating loss widen due to the decline in motorcycles for emerging markets and Europe and general-purpose engines for the US market caused by the spread of COVID-19, as well as the impact of the stronger yen.
  19. FY2020-Q3WorsenedAnnual report

    「Despite higher sales, operating income deteriorated by ¥4.4 billion year on year, resulting in an operating loss of ¥4.5 billion, due mainly to the yen remaining stronger year on year against the euro and US dollar and higher manufacturing costs caused by the stronger Thai baht.」

    Although the Motorcycles and Engines business reported higher sales, operating income deteriorated by ¥4.4 billion year on year to an operating loss of ¥4.5 billion due mainly to higher manufacturing costs caused by the stronger yen and Thai baht.
  20. FY2020-Q2AdvancedAnnual report

    「Operating income improved by ¥1.2 billion year on year, resulting in an operating loss of ¥3.3 billion, due to higher sales, the timing of promotional expense recognition, and the absence of the temporary increase in SG&A expenses recorded in the previous year.」

    The Motorcycles and Engines business improved its operating loss by ¥1.2 billion year on year due to higher sales, including higher sales of four-wheel vehicles for the US market, and the impact of expense recognition timing. However, an operating loss of ¥3.3 billion remained.
  21. FY2020-Q1Improvement in operating lossAnnual report

    「Despite lower sales, operating income improved by ¥0.4 billion year on year, resulting in an operating loss of ¥2.8 billion, due mainly to the absence of the temporary increase in SG&A expenses recorded in the previous year.」

    The Motorcycles and Engines business reported lower sales, but its operating loss improved by ¥0.4 billion due mainly to the absence of the temporary increase in SG&A expenses recorded in the previous year. However, an operating loss of ¥2.8 billion remained.
  22. FY2019WorsenedAnnual report

    「Despite higher sales, operating income declined by ¥0.8 billion year on year to ¥14.3 billion, due mainly to higher prices for steel and other materials in the United States and the impact of weaker emerging-market currencies.」

    Although sales increased due to higher sales of motorcycles and four-wheel vehicles for developed markets, operating income declined by ¥0.8 billion year on year due to higher material prices and weaker emerging-market currencies.
  23. FY2019-Q3WorsenedAnnual report

    「Despite higher sales, operating income deteriorated by ¥3.2 billion year on year, resulting in an operating loss of ¥0 billion, due to temporary increases in SG&A and promotional expenses, higher prices for steel and other materials in the United States, and the impact of weaker emerging-market currencies.」

    Despite higher sales, operating income deteriorated into a loss due to SG&A and promotional expenses, higher material prices in the United States, and the impact of weaker emerging-market currencies.
  24. FY2019-Q2WorsenedAnnual report

    「Despite higher sales, operating income declined by ¥2.5 billion year on year, resulting in an operating loss of ¥4.6 billion, due to temporary increases in selling, general and administrative expenses and promotional expenses, as well as higher prices for steel and other materials in the United States.」

    Although sales increased, the operating loss widened due to temporary increases in SG&A and promotional expenses and higher prices for steel and other materials in the United States.
  25. FY2019-Q1AdvancedAnnual report

    「Consolidated net sales increased by ¥5.9 billion year on year to ¥73.7 billion, as higher sales of motorcycles and four-wheel vehicles for developed markets outweighed the decline in motorcycles for emerging markets.」

    Sales increased by ¥5.9 billion year on year due to higher sales of motorcycles and four-wheel vehicles for developed markets, but operating income was broadly unchanged at an operating loss of ¥3.3 billion.
  26. FY2018-Q3AdvancedAnnual report

    「Consolidated net sales increased by ¥16.2 billion year on year to ¥214.9 billion, as higher sales of motorcycles and general-purpose engines for developed markets outweighed the decline in motorcycles for emerging markets. Operating income improved by ¥5.2 billion year on year to ¥3.2 billion due to higher sales.」

    Sales increased due to higher sales of motorcycles and general-purpose engines for developed markets, and operating income improved by ¥5.2 billion year on year, returning the business to profitability.
  27. FY2018-Q2AdvancedAnnual report

    「Consolidated net sales increased by ¥8.4 billion year on year to ¥136.9 billion, as the increase in motorcycles for developed markets and general-purpose engines outweighed the decline in motorcycles for emerging markets. Operating income improved by ¥0.3 billion year on year, but the company still posted an operating loss of ¥2.0 billion.」

    Sales increased due mainly to higher sales of motorcycles for developed markets and general-purpose engines, and the operating loss improved by ¥0.3 billion year on year. However, an operating loss of ¥2.0 billion remained.
  28. FY2018-Q1Decline in regional sales of motorcycles and general-purpose enginesAnnual report

    「Consolidated net sales declined by ¥1.5 billion year on year to ¥67.7 billion, as lower sales of motorcycles in emerging markets and four-wheel vehicles in developed markets outweighed increases in motorcycles for developed markets and general-purpose engines. Operating income declined by ¥3.6 billion year on year, resulting in an operating loss of ¥3.3 billion, due to lower sales and changes in model mix.」

    Sales and earnings declined as lower sales of motorcycles in emerging markets and four-wheel vehicles in developed markets outweighed the increase in motorcycles and general-purpose engines for developed markets.
  29. FY2016First statedAnnual report

    「Continuing to introduce attractive, strong models with the distinctive appeal of “Kawasaki,” achieving a strong brand rooted in customer value, further enhancing the company's presence in recovering developed markets, further strengthening brand power and developing new markets in emerging economies, and thoroughly improving the efficiency of consolidated management」

    The company planned to strengthen product launches, its brand, regional markets and consolidated management as an integrated effort.
Moved together

"P-1 and C-2 mass-production capacity, 787 production increase and 777X response" moved the same way as this thread, in the same document, in 17 of its 31 moves.

171616141311★123456
  1. ★This thread
  2. 1P-1 and C-2 mass-production capacity, 787 production increase and 777X response17×
  3. 2Railway Rolling Stock Technology and Product Competitiveness and a Globally Optimized Structure16×
  4. 3Increase in Operating Profit and Ordinary Profit, and Decrease in Profit Attributable to Owners of the Parent Due to Extraordinary Losses16×
  5. 4Expanding market share in hydraulic equipment and expanding into the robotics and medical sectors14×
  6. 5Political and economic conditions in regions worldwide and fluctuations in resource prices13×
  7. 6Foreign Exchange Risk Associated with Overseas Sales and Domestic Manufacturing Facilities11×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Kawasaki Heavy Industries yet. It last moved in the Earnings presentation of 2026-05-12: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Strengthening the Kawasaki Brand and Expanding Developed and Emerging Markets | Kawasaki Heavy Industries,Ltd. (7012) | Komori