Replay available
Kawasaki Heavy Industrial Ltd (KWHIF) Q2 2024 Earnings Call
Kawasaki Heavy Industrial Ltd (OTC: KWHIF) Q2 2024 earnings conference call, held 2024-11-08. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:01.887 -- 00:00:06.233 My name is Yamamoto. Thank you for your participation. 00:00:06.233 -- 00:00:09.518 Now I would like to present financial highlights. 00:00:09.518 -- 00:00:15.006 The consolidated results for the second quarter of fiscal year 2024 show some variation 00:00:15.006 -- 00:00:20.273 from segment to segment, but results overall were positive, and we recorded the highest 00:00:20.273 -- 00:00:23.538 ever revenue and business profit for a second quarter. 00:00:23.538 -- 00:00:28.584 Regarding the full year forecast for fiscal year 2024, this has 00:00:28.584 -- 00:00:33.449 been revised for each segment based on the first half financial results. 00:00:33.449 -- 00:00:38.855 However, the overall forecast of 130 billion yen in business profit remains 00:00:38.855 -- 00:00:44.181 unchanged from the initial forecast, and the dividends remain unchanged at 140 yen 00:00:44.181 -- 00:00:49.386 per year. This concludes the summary. I will provide more details 00:00:49.386 -- 00:00:52.428 beginning on page 3. 00:00:52.816 -- 00:00:59.390 In the second quarter of fiscal year 2024, orders received were 895.3 00:00:59.390 -- 00:01:02.977 billion yen, revenue was 884.1 00:01:02.977 -- 00:01:06.544 billion yen, business profit was 47.7 00:01:06.544 -- 00:01:12.256 billion yen, and quarterly profit before tax was 23.7 billion yen. 00:01:12.256 -- 00:01:18.467 Quarterly profit attributable to owners of parent was 13.6 billion yen. 00:01:18.467 -- 00:01:23.396 Despite the positive results for business profit, for quarterly profit before tax and 00:01:23.396 -- 00:01:29.026 subsequent items, there was a smaller increase in profit margin because of reduced valuations 00:01:29.026 -- 00:01:34.174 of foreign currency-denominated assets. This was caused by the...