Tuesday, 15 September 2020

Kawasaki reports unit sales -39% for three months to June

 Kawasaki reports unit sales -39% for three months to June

Kawasaki Heavy Industries (KHI) has reported results for the first quarter (to June 2020) of its 2020/2021 financial year, saying of its Motorcycle and Engine division that "the market has been significantly affected due to the impact of COVID-19 in the major markets of Europe, North America and South East Asia."

Motorcycle unit sales in developed markets were 29,000 in the three months to June 30, worth some 24.7bn yen, with 25,000 units sold (for 9.1bn yen) in emerging markets. With 13,000 UTV, ATV and PWC sold, their global powersports industry business was 67,000 units sold compared to 110,000 for the year-ago quarter (-39%) for 58.9bn yen (-9.3%; includes 8.5bn yen worth of general-purpose gasoline engines).

Kawasaki's middleweight Ninjas (Z 900 seen here) continue to earn 'Big Green' market share in Europe

The segment posted a -5.9bn yen loss for the quarter compared to a -2.8bn yen loss in the year-ago quarter.
At a corporate level, KHI recorded 300,602m yen total consolidated sales for a -20,661m yen loss.

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