Kawasaki Heavy Industries raised its full-year outlook for consolidated net profit in its earnings release to ¥118 billion, up 40% year on year, and estimated second-half net profit at approximately ¥87 billion.
Kawasaki Heavy Industries announced its IFRS earnings on 10 November. Consolidated net profit for the first six months was ¥30.9 billion, up 40.0% year on year.
The company raised its full-year net profit forecast from ¥115 billion to ¥118 billion, and projected profit growth also increased from the previous outlook. Net profit for the previous fiscal year was ¥108.1 billion.
Based on first-half results and its assumptions, consolidated net profit for the second half is calculated to rise 1.2% year on year to ¥87 billion.
Consolidated net profit for the latest three-month period, July–September, was ¥15.2 billion, down 14.5% year on year.