The result marks a JPY 2.2bn reversal on the operating income of JPY 1.5bn reported for the corresponding period last year.
The division, which accounts for only about 5.5% of Kawasaki’s total group sales, was the only division to post a loss in the quarter.
The shipbuilding arm saw net sales slide 4.6% year-on-year to JPY 34.8bn due to a decline in LPG and bulker newbuilding activity.
However,
