Académique Documents
Professionnel Documents
Culture Documents
Annual ReporL 20
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Kawasaki, working as one
for the good of the planet
Commercial Aircraft
Overseas
High-Speed Trains
Civil Aero Engines
Robots for
Semiconductor Production and
New Business Fields
Factory Automation
and Mechatronics
(Automated cell culture system, etc.)
Electro-Hydraulic
Hybrid Systems
Motorcycles for
Emerging Countries
Transportation
Systems
Trent 1000
(Rolls-Royce plc 2011)
Ninja 250R
Boeing 787 Dreamliner
Industrial
Equipment
Merchant Vessels
(Business in China)
*
Expansion of the joint venture
Nantong COSCO KHI
Ship Engineering Co., Ltd. (NACKS) efSET
)
KAWASAKI ECO SERVO
The Kawasaki Heavy Industries, Ltd. (KHI) Group provides products and services suited to the diverse needs of people
around the world through advanced technological capabilities in three principal business sectors: Land, Sea, and Air
Transportation Systems; Energy & Environmental Engineering; and Industrial Equipment. Through such expertise, the
KHI Group will pursue greater competitiveness in existing businesses, nurture new products and new businesses, and
enter new markets.
New
Energy-Related
Businesses
High-Capacity,
Fully Sealed Ni-MH Batteries
Industrial Gas Turbines
Aerodynamics
Gas Engines
Motorcycles for
Emerging Countries
Energy & Environmental
Engineering
Kawasaki Green Gas Engine
Gas turbine co-generation system for
RIKEN Kobe Institute (PUC60x2)
Integrated Solar Combined Cycle power
generation systems (ISCC)
Gigacell
,
(Environmentally Friendly Super Express Train), a new high-
speed train for overseas markets, and K-Star Express
, a new
high-speed interurban commuter train for the U.S. market,
and through the reliable execution of large-scale overseas
projects.
Analysis and Outlook
We are committed to earning an excellent reputation
as a world-leading rolling stock manufacturer by
successfully completing large-scale overseas projects
while strengthening our product line.
President, Rolling Stock Company Kyohei Matsuoka
15
Review of Operations
XC-2 next-generation cargo aircraft
Aerospace
Orders received in the Aerospace segment increased 35.3 billion from
the previous fscal year, to 206.7 billion, due to an increase in orders for
component parts for the Boeing 777 (B777) and 787 (B787).
Sales also rallied, up 7.9 billion to 196.8 billion, thanks to higher sales
to Japans Ministry of Defense (MOD) and to Boeing for component parts for
the B787.
Despite better sales results, operating income declined 0.7 billion to
3.0 billion, mainly owing to the proft-eroding impact of yen appreciation.
Business Results
12
(Forecast*)
(Actual)
10 11 09
(Billions of yen) Years Ended/Ending March 31
Ratio of operating income
(loss) to sales
10.0
5.0
0.0
-5.0
Operating income (loss)
8.0
5%
0%
-4.1
3.0 3.7
11 12
(Forecast*)
(Actual)
10 09
(Billions of yen) Years Ended/Ending March 31
196.8
220.0
200.4
188.8
Financial Highlights
Net Sales
*As of April 28, 2011
16
BK117 C-2 helicopter Boeing 787 Dreamliner
From a proft perspective, sharp appreciation of the yen
was a major obstacle in fscal 2011. But cost reduction
efforts and other strategies enabled the segment to achieve
operating income close to the fscal 2010 level. In fact,
orders received in fscal 2011 were 20% higher in value
terms over fscal 2010, a sign that business results may trend
upward in fscal 2012 and beyond.
In the defense aircraft feld, KHI delivered the fight
test plane #2 of the XC-2 model to MOD in March 2011.
With this delivery, the company has fulflled its contractual
obligations for Japans largest aircraft development project
started in 2001, to simultaneously develop the XP-1 next-
generation patrol aircraft and XC-2 next-generation cargo
aircraft. As with the XP-1, which has shifted to the full-
scale mass production phase, KHI will seek to obtain orders
for mass production of the recently developed XC-2 in
fscal 2012. Budget cuts have been a persistent thorn in
MODs side, but KHI anticipates increased output, including
production of the new aircraft, and is working to boost
production capacity at the Gifu Works to capitalize on
promising opportunities.
In the commercial aircraft feld, economic growth
in emerging markets will be a major catalyst generating
brisk demand for passenger and freighter aircraft over the
medium term. On Boeing projects, order and production
rates for the B777 remain favorable, and the frst delivery
of the B787 from Boeing to the airlines is expected in the
third quarter of 2011. KHI is a partner corporation in the
development and production of the B787. To support its
position in the B787 program, the company built a new
facility at the Nagoya Works 1 and installed state-of-the-art
equipment, highlighting composite component fabrication.
In addition, the company is preparing for the possibility of a
production increase with various moves, such as hiring more
workers. The B787 business is expected to make a signifcant
contribution to segment results one day.
In the helicopter business in Japan, the use of
helicopters for emergency medical service in remote areas
or on islands, or in the event of road traffc congestion, is
gaining widespread appeal and spurring demand for KHIs
BK117 helicopter. The company will resourcefully promote
sales and strive to capture top share in this market.
Analysis and Outlook
We will seek to obtain orders for mass production
of the XC-2 succeeding the XP-1, and will also ramp
up production of the Boeing 787.
President, Aerospace Company Shigeru Murayama
17
Review of Operations
Azimuth thruster Rexpeller
Annual ReporL 20
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