Kawasaki is reporting that its motorcycle, ATV (All Terrain Vehicle), Utility Vehicle and PWC (Personal Watercraft/"jet ski") unit sales to dealers in Europe for the third quarter of its 2015/2016 financial year (the period to 31st December 2015) were up by nearly 20 percent at 37,000 units compared to 31,000 units for the year-ago quarter.
Sales in North America were +10 percent at 66,000 units, of which 32,000 were motorcycles, compared to 60,000/28,000 for the year-ago quarter.
In "emerging markets" the company reports 230,000 unit sales, compared to 294,000 for the corresponding period in 2014; with domestic sales "flat" at 12,000 units for a total of 345,000 units worldwide (compared to 397,000 for the corresponding period of their 2014/2015 financial year).
Total net sales revenue from worldwide motorcycle, ATV, Utility Vehicle and PWC unit sales was yen 184.9 billion, up from yen 181.6 billion in the corresponding period of their 2014/2015 financial year despite the global drop in units sold because of improved sales in "developed" markets (EMEA and North America) compared to the decrease in lower value units sold in emerging markets, mostly Indonesia.
Kawasaki is now forecasting full financial year motorcycle and related vehicle sales of 60,000 units in Europe, 101,000 units in North America (of which 49,000 are anticipated to be motorcycle unit sales), and 525,000 units worldwide.
Kawasaki says its before-tax ROIC (EBIT/Capital Investment) from its motorcycle and related products division was 13.3 percent in the three months to December 31st 2015, compared to 13.6 percent in the three months to September 30th 2015, and 7.3 percent in their full 2014/2015 financial year.
Overall corporate performance of all divisions saw the company record net sales of 1,065,556 million yen for the nine months to December 31st 2015 (+5 percent), generating gross profit of 203,771 million yen, operating income of 66,838 million yen (+11 percent), profit of 29,838 million yen (-34 percent) and earnings per share of 17.7 yen.
Total sales from motorcycle and related product segments were 219,469 million yen for the nine months to December 31st 2015 - with operating expenses of 215,000 million yen resulting in operating income of 4,379 million yen.
Corporate operations in Europe generated net sales of 95,990 million yen in the nine months to December 31st 2015 (+28 percent).
