Kawasaki Heavy Industries Ltd. expected to Report Q3 2010 Results on January 22, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).

Kwang Yang Motor Co. Ltd. has signed a contract with Kawasaki Heavy Industries Ltd. The collaboration is aimed at establishing a joint venture in Changzhou, Jiangsu Province. The venture is named Changzhou Kawasaki and Kwang Yang Engine Company. The project requires an investment of USD 10 million. The joint venture is to manufacture general-purpose petrol engine.

Kawasaki Heavy Industries Ltd. reported consolidated earnings results for the first quarter ended June 30, 2009. For the quarter, the company reported net loss of JPY 1.71 billion or JPY 1.0 per share on net sales of JPY 256.75 billion compared to net income of JPY 8.10 billion or JPY 4.8 per share on net sales of JPY 302.53 billion for the same period last year. Operating loss for the period was JPY 5.37 billion compared to operating income of JPY 8.24 billion and ordinary income of JPY 32.95 billion for the same period last year. Loss before income taxes and minority interests was JPY 1.49 billion compared to JPY 14.82 billion for the same period last year. Net cash provided by operating activities was JPY 27.27 billion compared to JPY 3.58 billion for the same period last year. Expenditure on acquisition of tangible and intangible assets was JPY 23.34 billion compared to JPY 14.92 billion for the same period last year. The company provided earnings guidance for the full year ending March 31, 2010. For the fiscal year ending March 31, 2010, the company expects net income of JPY 6 billion, operating income of JPY 5 billion on net sales of JPY 1,240 billion.