Kawasaki Heavy Industries Corona's overseas sales are sluggish. Motorcycle division spun off November 2, 19:14
Kawasaki Heavy Industries, a major machinery manufacturer, has decided to undertake a major reorganization by separating the motorcycle division, whose overseas sales are sluggish due to the influence of the new coronavirus, from the head office and splitting it into a separate company.
The company plans to strengthen cooperation with other companies by complying with environmental regulations.
According to the announcement, the department that manufactures and sells motorcycles and the department that manufactures Shinkansen and train cars will be separated from the head office and spun off.
Since the business performance of both departments is sluggish, we would like to speed up decision-making and hurry to rebuild by splitting the company.
In particular, the motorcycle division is expected to experience a large drop in sales in Southeast Asia due to the impact of the new coronavirus, and the operating loss for the current year is expected to be approximately 5 billion yen.
After the spin-off, the company plans to strengthen cooperation with other companies by responding to stricter environmental regulations around the world.
At a press conference, President Yasuhiko Hashimoto said, "Even if the company is spun off, we want it to play a leading role in the brand and strengthen cooperation with other companies to revitalize the entire market."
Kawasaki Heavy Industries has also announced a policy to integrate the shipbuilding division, which is facing fierce competition with Chinese companies, into the plant division.