Profit at Japan’s Kawasaki Heavy Industries (KHI) suffered a blow from its shipbuilding businesses at home and in China, though improvements in other divisions allowed it to boost its bottom-line result.
The Tokyo-listed manufacturing conglomerate said that its China joint venture contributed to ¥15.1bn ($132m) of quarterly losses associated with unconsolidated subsidiaries, reversing ¥1.4bn in income from the line item a year earlier.
