Kawasaki Heavy Industrial Ltd (KWHIF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for your participation today. My name is Hashimoto. First and foremost, we sincerely apologize for the repeated compliance issues that came to light in fiscal year 2024, and for causing concern and inconvenience to you. The investigation by the Special Investigation Committee is still ongoing, and we will announce the results separately. Regarding the full year results for fiscal year 2024, business profit was revised upward sharply compared with the 130 billion yen forecast announced in February. We achieved record business profit of 143.1 billion yen. Turning to the full-year forecast for fiscal year 2025, we plan to exceed the fiscal year 2024 results and achieve a new record for business profit of 145 billion yen, despite setting a stronger yen exchange rate. The impact of US tariffs is expected to be felt mostly in the powersports and engine segment. however while taking into account the softening market trend this forecast does not reflect the impact of increased costs due to tariffs themselves because of the high level of uncertainty in future policy trends and economic conditions we will reflect these conditions in our financial highlights from the next announcement onwards as forecasts become clearer your understanding is greatly appreciated let's now move on to a more detailed explanation Allow me to hand you over to Mr. Yamamoto. My name is Yamamoto. Thank you for your participation. Allow me to present the financial highlights. As Mr. Hashimoto mentioned, our company's final results for fiscal year 2024 significantly outperformed the forecast announced in February, and we achieved record orders received, revenue and business profits. Regarding the full-year forecast for fiscal year 2025, in order-based businesses, increased revenue is forecast i...