October 28, 2016
For six months ended September 30, 2016 and 2015 and one year ended March 31, 2016 (Consolidated)
Operating resultsMillions of yen Thousands of U.S. dollars
Six months ended Six months ended Six months ended
Sep. 30, 2016 Sep. 30, 2015 Sep. 30, 2016
Net sales 697,299 708,194 $ 6,895,757
Operating income 8,491 42,305 83,969 Profit (loss) attributable to owners of parent (242) 26,878 (2,393) Earnings per share (Yen) (0.1) 16.0
Financial positionMillions of yen / Thousand shares
Thousands of U.S. dollars
As of As of As of
Sep. 30, 2016 Mar. 31, 2016 Sep. 30, 2016
Total assets 1,657,075 1,620,458 $ 16,387,213
Net assets 401,695 445,625 3,972,458
Number of shares issued and outstanding 1,670,560 1,670,576
Equity Ratio 23.4% 26.6%
Cash flowsMillions of yen
Thousands of U.S. dollars
Six months ended Six months ended Six months ended
Sep. 30, 2016 Sep. 30, 2015 Sep. 30, 2016
Operating activities (117,247) (100,893) $ (1,159,483)
Investing activities (31,618) (40,722) (312,678)
Financing activities 143,936 135,523 1,423,417
Cash and cash equivalents at end of term 35,689 41,706 352,937
Fiscal year forecastMillions of yen
Net sales Operating income Profit attributableto
owners of parent
One year ending March 31, 2017 1,510,000 34,000
16,500
Notes : 1. This "FLASH CONSOLIDATED FINANCIAL RESULTS" and following financial statements have been prepared in conformity with generally accepted accounting principles and practices in Japan.
2. All US$ amounts in these statements represent the arithmetical results of translating Japanese yen to U.S. dollars on the basis of ¥101.12=$1, the rate prevailing as of September 30, 2016, solely for the convenience of the readers.
Condensed Consolidated Balance SheetsAs of September 30 and March 31, 2016
Assets :Current assets :
Thousands of
Millions of yen U.S. dollars
As of As of As of
Sep. 30, 2016 Mar. 31, 2016 Sep. 30, 2016
Cash on hand and in banks | 39,473 | 42,157 | $ 390,357 |
Receivables, less allowance | 442,522 | 396,750 | 4,376,206 |
Inventories | 496,518 | 492,965 | 4,910,186 |
Other current assets | 81,726 | 86,031 | 808,209 |
Total current assets | 1,060,239 | 1,017,903 | 10,484,958 |
Investments and long-term loans less allowance | 90,468 | 106,303 | 894,660 |
Net property, plant and equipment | 443,764 | 436,558 | 4,388,489 |
Intangible and other assets | 62,604 | 59,694 | 619,106 |
Total assets Liabilities and net assets : | 1,657,075 | 1,620,458 | $ 16,387,213 |
Current liabilities : Short-term borrowings
and current portion of long-term debt | 272,272 | 116,047 | $ 2,692,563 | ||
Payables | 302,646 | 329,903 | 2,992,939 | ||
Advances from customers | 146,779 | 170,454 | 1,451,532 | ||
Other current liabilities | 135,117 | 151,307 | 1,336,205 | ||
Total current liabilities | 856,814 | 767,711 | 8,473,239 |
Long-term liabilities :
Long-term debt, less current portion | 278,369 | 282,377 | 2,752,858 |
Others | 120,197 | 124,745 | 1,188,658 |
Total long-term liabilities | 398,566 | 407,122 | 3,941,516 |
Net assets :
Common stock | 104,484 | 104,484 | 1,033,267 |
Capital surplus | 54,394 | 54,394 | 537,915 |
Retained earnings | 261,001 | 279,627 | 2,581,101 |
Treasury stock | (91) | (86) | (899) |
Net unrealized gains on securities | 2,256 | 2,705 | 22,310 |
Gains (losses) on hedging items | 1,391 | 693 | 13,755 |
Foreign currency translation adjustments | (16,949) | 8,990 | (167,612) |
Remeasurements of defined benefit plans | (17,466) | (19,439) | (172,725) |
Non-controlling interests | 12,675 | 14,257 | 125,346 |
Total net assets | 401,695 | 445,625 | 3,972,458 |
Total liabilities and net assets | 1,657,075 | 1,620,458 | $ 16,387,213 |
For six months ended September 30, 2016 and 2015
Thousands of
Millions of yen U.S. dollars
Six months ended Six months ended
Sep. 30, 2016 Sep. 30, 2015
%
Change
Six months ended
Sep. 30, 2016
Net sales 697,299 708,194 -0% $ 6,895,757
Cost of sales 595,268 575,216 5,886,748
Gross profit 102,031 132,978 1,009,009
Selling, general and administrative expenses 93,540 90,673 925,040
Operating income 8,491 42,305 -80%83,969
Other income (expenses) :
Interest and dividend income | 549 | 526 | 5,429 | |
Equity in income of unconsolidated | ||||
subsidiaries and affiliates | 2,945 | 1,348 | 29,123 | |
Interest expense | (1,433) | (1,857) | (14,171) | |
Other, net | (10,076) | (2,030) | (99,643) | |
Income (loss) before income taxes and | ||||
non-controlling interests | 476 | 40,292 | 4,707 | |
Income taxes | 17 | (12,466) | 168 | |
Profit (loss) attributable to non-controlling interests | (735) | (948) | (7,268) | |
Profit (loss) attributable to owners of parent | (242) | 26,878 | -101% | $ (2,393) |
Kawasaki Heavy Industries Ltd. published this content on 28 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 October 2016 03:01:05 UTC.
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