Kawasaki Heavy Industries, Ltd. has decided to spin off its rolling stock and motorcycle & engine businesses in October 2021.
Kawasaki Heavy Industries just announced that the company will spin off its rolling stock [Train division] and motorcycle & engine business next year in October 2021 as a part of a major restructuring. In addition, Kawasaki also announced that they have decided to integrate their ship & offshore structure and energy system & plant engineering businesses in April 2021 to accelerate its efforts to realize a hydrogen-based society.
When it comes to motorcycles, sales in the Southeast Asian region has dropped due to the ongoing COVID-19 pandemic. Speaking of Kawasaki, the company expects to see a loss of about 5 billion yen [47 million dollars ] in operations for this year.
So, speaking of Kawasaki’s motorcycle & engine business aka Power Sports, Kawasaki says spinning off this business will speed up decision making and offer products and services that sync with customers.
In the official announcement, Kawasaki also confirmed that they would continue to boost their financial situation and enhance inter-industry collaboration through the joint production of advanced protection technology and the development of electric drives to catalyse growth and market revitalisation.
Kawasaki President Yasuhiko Hashimoto hopes the motorcycle business will continue to build the strong Kawasaki brand. Also, revitalize the market through collaboration with other companies. -NHK
For more details on Kawasaki’s latest policy decision, find the official statement below.
The official statement:
Source: Kawasaki Global, NHK
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