Report of Earnings and Financial Statements for theThree Months Ended June 30, 2012 (Consolidated)(Prepared pursuant to Japanese GAAP)
July 31, 2012
Listed company’s name:

Kawasaki Heavy Industries, Ltd.

Listed on:
Stock code:
URL:
Representative:
Contact:
Tel:

1st sections of the TSE, OSE, and NSE
7012
http://www.khi.co.jp/
Satoshi Hasegawa, President
Hideyuki Matsubara, Senior Manager, Accounting Department+81 3-3435-2130

Scheduled dates:
Submission of quarterly securities filing:
Commencement of dividend payments:

August 9, 2012-

Supplementary materials to quarterly earnings:
Quarterly earnings presentation:

Available
Conducted (for institutional investors and analysts)

1. Consolidated Financial Results for the Three Months ended June 30, 2012
(April 1 – June 30, 2012)(Amounts in millions of yen rounded down to the nearest million yen)

(1) Operating Results(Percentage figures represent changes versus the year-ago period)
Net sales
million yen%
Three Months Ended
283,530(2.7)
June 30, 2012
Three Months Ended
291,579
5.1
June 30, 2011
Note: Comprehensive income June 30, 2012:
June, 30, 2011:
Earnings per shareyen
Three Months Ended
June 30, 2012
Three Months Ended
June 30, 2011

Operating income

Recurring profit

Net income

million yen%

million yen%

million yen

%

6,741

(45.5)

11,727(20.0)

6,030(36.9)

12,373

6.1

14,669

28.8

9,558

62.4

8,886 million yen (19.4%)
11,036 million yen 153.0%
Earnings per share– diluted
yen

3.60

-

5.72

5.63

(2) Financial Condition
Total assets

Net assets

million yen

million yen%

June 30, 2012

1,374,217

315,81222.2

March 31, 2012

1,362,139

315,92222.4

Note: Shareholders’ equity:

June 30, 2012: 305,434 million yen
March 31, 2012: 306,054 million yen

1Equity Ratio

2. Dividends

Record date or term

End of firstquarteryen

End of second
quarteryen

Dividend per share
End of third End of financial
quarter
year
yen
yen

Year ended
0.00
March 31, 2012
Year ending
March 31, 2013
Year ending March
0.00
31, 2013 (forecast)
Note: Revisions to the most recently announced dividend forecast: None

Full year
yen

5.00

5.00

5.00

5.00

3. Forecast of Consolidated Earnings for the Year Ending March 31, 2013
(April 1, 2012 – March 31, 2013)
Net sales
million yen%(Percentage figures represent changes versus the year-ago period)
Earnings per
Operating income
Recurring profit
Net income
sharemillion yen%
million yen%
million yen%yen

For six months
endingSeptember 30,
2012

620,000

5.9

20,000(24.8)

24,000(11.8)

14,000(21.4)

8.37

Full year

1,380,000

5.8

52,000(9.5)

56,000(11.9)

34,000

45.7

20.33

Note: Revision to the most recently announced earnings forecast: None

4. Other Information
1) Changes affecting the status of material subsidiaries (scope of consolidation): None
*This refers to additions and removals of material subsidiaries to and from the consolidated groupduring the period. For further details, see “Changes affecting the status of material subsidiaries(scope of consolidation)” on page 9 in the Accompanying Materials.
2) Accounting procedures specific to preparation of quarterly consolidated financial statements: Yes*For further details, see “Accounting procedures specific to preparation of quarterly consolidated
financial statements” on page 9 in the Accompanying Materials.
3) Changes in accounting policies, changes in accounting estimates, and correction of errors(1) Changes in accounting policies in accord with revisions to accounting standards: Yes(2) Changes in accounting policies other than (1): None
(3) Changes in accounting estimates: Yes(4) Correction of errors: None
* The above changes correspond to Article 10-5 in the "Ordinance on Terminology, Forms and Preparation
Methods of Quarterly Consolidated Financial Statements." For further details, see “Changes in accounting
policies, changes in accounting estimates, and correction of errors” on page 9 in the Accompanying Materials.

4) Number of shares issued and outstanding (common stock)(1) Number of shares issued as of period-end (including treasury stock)June 30, 2012:
1,671,892,659 shares
March 31, 2012:
1,671,892,659 shares2(2) Number of shares held in treasury as of period-end
June 30, 2012:
79,451 shares
March 31, 2012:
77,126 shares(3) Average number of shares during respective periods
Three months ended June 30, 2012:
1,671,813,479 shares
Three months ended June 30, 2011:
1,670,759,373 shares

Quarterly review status
This report is exempt from the quarterly review of accounts conducted in accord with Japan’s Financial
Instruments and Exchange Act. As of this report’s publication, the quarterly review of the quarterly
financial results had not been completed.
* Appropriate Use of Financial Forecasts and Other Important Matters
Forward-Looking Statements
These materials contain various forward-looking statements and other forecasts regarding performanceand other matters. Such statements are based on information available at the time of their preparation, anddo not mean that the Company promises to achieve these figures. Actual results may differ from thoseexpressed or implied by forward-looking statements due to a range of factors. For assumptions underlying
earnings forecasts and other information regarding the use of such forecasts, refer to “Consolidated
earnings outlook” on page 8 in the Accompanying Materials.
How to Obtain Supplementary Briefing Material on Quarterly Financial Results and Details of theQuarterly Financial Results Briefing
The Company plans to conduct a briefing for institutional investors and analysts by conference call on
Tuesday July 31, 2012, and to post the briefing material on quarterly financial results to be used for thebriefing on TDnet and the Company’s website simultaneously with the announcement of financial results.

3

Accompanying Materials – Contents
1. Qualitative Information and Financial Statements

5(1) Consolidated operating results

5(2) Consolidated financial position

8(3) Consolidated earnings outlook

8

2. Summary Information (Notes)

9(1) Changes affecting the status of material subsidiaries (scope of consolidation)

9(2) Accounting procedures specific to preparation of quarterly consolidated financial statements

9(3) Changes in accounting policies, changes in accounting estimates, and correction of errors

9

3. Consolidated Financial Statements

10(1) Consolidated balance sheets

10(2) Consolidated statements of income and comprehensive income

12(Consolidated statements of income for the three months ended June 30, 2012)12(Consolidated statements of comprehensive income for the three months ended June 30, 2012)12(3) Notes on the going-concern assumption

13(4) Notes on significant changes in the amount of shareholders’ equity

13(5) Segment information

13

4. Supplementary Information

14(1) Condensed consolidated cash flow statements

14(2) Orders and sales

15(3) Net sales by geographic area

164

1. Qualitative Information and Financial Statements(1) Consolidated operating results
During the first quarter under review, the world economy as a whole continued to growmoderately, reflecting economic expansion mainly in India, Brazil and Southeast Asian
countries, despite a lull in the economic growth of China. However, the risk of a further
economic downturn grew in developed countries amid concerns that Europe’s debtor nation
problems would be prolonged, although signs of an improvement in employment situation wereobserved in the U.S.
In Japan, demand for reconstruction related to the Great East Japan Earthquake was moving intofull swing, but its economy was faced with possible negative factors, including the prolongationof the yen’s strength, power supply shortages and a further downturn of the global economy due
to Europe’s debtor nation problems. Meanwhile, the social roles by the Group, which is engaged
in various key infrastructures, have become increasingly important amid mounting interest in
the future of energy.
Under such business circumstances, the Group posted year-on-year decreases in overall sales
and profits for the first quarter under review, as many business sectors saw sales or profits
decline. Overall orders received increased because greater orders at the Plant & Infrastructure,
Ship & Offshore Structure and Aerospace segments offset fewer orders at the Precision
Machinery and other segments. Overall sales fell chiefly due to sharp decreases in theMotorcycle & Engine, Ship & Offshore Structure and Precision Machinery segments, caused byeconomic slowdowns in Europe and China, among others, despite increases in the Aerospaceand other segments. Overall profits declined owing to lower profits in the Precision Machineryand Ship & Offshore Structure segments, despite rises in profits at the Aerospace and othersegments, where sales advanced.
As a result, in the first quarter under review, orders received increased ¥20.3 billion year on yearto ¥271.5 billion on a consolidated basis. Net sales decreased ¥8.0 billion to ¥283.5 billion.
Operating income dropped ¥5.6 billion to ¥6.7 billion, recurring profit declined ¥2.9 billion to¥11.7 billion, and net income fell ¥3.5 billion to ¥6.0 billion.

5

Consolidated segment information for the first quarter of the fiscal year is summarized
below.

Segment Information
Segment net sales, operating income, and orders received (billions of yen)Three months ended June 30

Orders received
Three months ended

2011

2012
June 30

Net

OperatingNet

Operatingsales

incomesales

income2011
Segment

2012

Ship & Offshore Structure

27.7

0.9

22.7

(0.6)

17.0

30.3

Rolling Stock

25.8

0.0

28.8

0.1

22.6

25.3

Aerospace

40.0

(0.8)

49.6

0.8

30.6

34.4

Gas Turbine & Machinery

45.5

3.3

45.3

2.6

31.3

32.5

Plant & Infrastructure

23.8

0.9

19.8

0.1

19.1

37.1

Motorcycle & Engine

59.6

0.3

53.4

(0.3)

59.6

53.4

Precision Machinery

40.4

7.1

36.1

3.9

43.4

28.6

Other

28.4

0.9

27.6

0.5

27.2

29.6

-

(0.5)

-

(0.7)

-

-

291.5

12.3

283.5

6.7

251.1

271.5

Adjustments
Total

Note: Net sales include only sales to external customers.

Ship & Offshore Structure
Orders received jumped ¥13.3 billion from a year earlier to ¥30.3 billion on a consolidated basis,due to the receipt of orders for three ships including an LNG carrier.
Net sales decreased ¥5.0 billion to ¥22.7 billion, owing to a fall in construction of Cape size
bulk carriers, despite a growth in construction of Handymax size bulk carriers.
Operating income and loss deteriorated ¥1.5 billion from a year ago to an operating loss of¥0.6 billion, affected by decreased net sales, booking of sales from less profitable projects, andreduced operations.
Rolling Stock
Orders received totaled ¥25.3 billion on a consolidated basis, up ¥2.7 billion year on year,
primarily thanks to the receipt of orders from Taiwan for high-speed trains.
Net sales were ¥28.8 billion, up ¥2.9 billion. In Japan, sales rose because of a rise in sales to
JR companies. Overseas, sales to Asia decreased, while those to North America increased, andas a result overall sales remained almost unchanged from the previous fiscal year.
Operating income remained virtually unchanged at ¥0.1 billion.
6

Aerospace
Orders received increased ¥3.8 billion from the previous fiscal year to ¥34.4 billion on aconsolidated basis, mainly due to rises in orders from Japan’s Ministry of Defense and orders
from Boeing for component parts for the Boeing 777 and 787.
Net sales jumped ¥9.5 billion to ¥49.6 billion, thanks to an increase in sales to the Ministry of
Defense resulting from the progress of work for P-1 next-generation patrol aircraft and a rise insales to Boeing of component parts for the Boeing 787. In addition, sales of component parts for
the Boeing 777 continued to be robust.
Operating income and loss improved ¥1.7 billion from a year earlier to an operating incomeof ¥0.8 billion, largely because of increased sales and reduced costs.
Gas Turbine & Machinery
Orders received totaled ¥32.5 billion on a consolidated basis, up ¥1.1 billion from a year earlier,chiefly due to larger orders for component parts for commercial aircraft jet engines.
Net sales remained almost unchanged at ¥45.3 billion, buoyed by increases in sales ofcomponent parts for commercial aircraft jet engines and industrial gas turbines, despite adecrease in sales of turbine facilities.
Operating income was ¥2.6 billion, down ¥0.7 billion, primarily affected by the strong yen
and higher R&D expenses.
Plant & Infrastructure
Orders received substantially increased ¥18.0 billion year on year to ¥37.1 billion on aconsolidated basis, thanks to the receipt of orders for cryogenic tanks and such like for the
Ichthys LNG project.
Net sales declined ¥3.9 billion to ¥19.8 billion, owing to a drop in large orders from overseas,
although sales of LNG storage tanks continued to be strong and sales of conveying facility andmunicipal refuse incineration plants went up.
Operating income decreased ¥0.8 billion to ¥0.1 billion, due to falls in sales and profitability.
Motorcycle & Engine
Net sales were ¥53.4 billion, down ¥6.1 billion from a year earlier, hurt by a delayed recovery indeveloped countries’ markets and, in particular, a sharp sales drop in Europe, despite an increasein sales of motorcycles for emerging countries such as Indonesia and Brazil.
Operating income and loss worsened ¥0.7 billion to an operating loss of ¥0.3 billion, largely
due to a decrease in sales.

7Precision Machinery
Orders received sharply decreased ¥14.8 billion from a year ago to ¥28.6 billion on aconsolidated basis, due to a substantial decline in orders for hydraulic equipment from theconstruction machinery market in emerging countries.
Net sales fell ¥4.3 billion to ¥36.1 billion, owing to a drop in sales of hydraulic equipment tothe construction machinery market in emerging countries, mainly China, and a decrease in salesof industrial robots, particularly for semiconductor manufacturing process equipment.
Operating income declined ¥3.1 billion to ¥3.9 billion, because of lower sales and an increasein fixed expenses caused by capital spending and greater number of personnel.
Other Operations
Net sales totaled ¥27.6 billion, down ¥0.8 billion from the previous fiscal year.
Operating income was ¥0.5 billion, down ¥0.3 billion.

(2) Consolidated financial position
At the end of the first quarter under review, total assets stood at ¥1,374.2 billion on aconsolidated basis, up ¥12.0 billion from the previous fiscal year, reflecting a decrease in tradereceivables, an increase in inventories resulting from progress toward completion of
construction jobs, and investments in Dalian COSCO KHI Shipbuilding Engineering Co., Ltd.
Liabilities were ¥1,058.4 billion, up ¥12.1 billion, due to rises in short-term debt and advancesfrom customers, despite a fall in trade payables. Interest-bearing debt was ¥435.0 billion, up¥27.8 billion. Net assets were ¥315.8 billion, down ¥0.1 billion, reflecting payment of dividends
and the booking of a net income.
(3) Consolidated earnings outlook
The Company has left unchanged the consolidated earnings forecasts for the fiscal year ending
March 31, 2013 (announced April 26, 2012).
The Company’s earnings forecasts assume exchange rates of ¥80 to the US dollar and ¥100 to
the euro.

8

2. Summary Information (Notes)(1) Changes affecting the status of material subsidiaries (scope of consolidation)
Not applicable(2) Accounting procedures specific to preparation of quarterly consolidated financial statements
The Company calculates tax expense by rationally estimating its effective tax rate after
application of deferred-tax accounting to pretax net income for the fiscal year, which includes
the first quarter under review, and multiplying quarterly pretax net income by said estimatedeffective tax rate. If unable to use the estimated effective tax rate, the Company calculates tax
expense by multiplying the statutory effective tax rate by quarterly pretax net income adjusted
to reflect material differences other than temporary differences.
Income taxes are reported inclusive of income tax adjustments.
(3) Changes in accounting policies, changes in accounting estimates, and correction oferrorsChange in depreciation method
In accordance with the revision to the Corporate Tax Law, from the first quarter under review,
the Company and its domestic consolidated subsidiaries have changed the depreciation method
for property, plant and equipment acquired on or after April 1, 2012 to the method stipulated in
the revised Corporate Tax Law.
This change had little impact on consolidated earnings for the quarter under review.

93. Consolidated Financial Statements(1) Consolidated balance sheets
Millions of yen
As ofThree months ended
March 31, 2012
June 30, 2012
AssetsCurrent assets
Cash on hand and in banks
Trade receivables
Merchandise and finished products
Work in process
Raw materials and supplies
Other current assets
Allowance for doubtful receivables

34,316
404,054
53,558300,224
88,11390,174(3,255)967,186

33,439371,389
53,540320,798
86,074
93,384(3,174)955,452

274,750

279,221

Total current assets
Fixed assets
Net property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful receivables
Total investments and other assets
Total fixed assets
Total assets

300
18,48518,786215
18,507
18,723102,356(940)
101,416
394,953
1,362,139

121,723(901)
120,821418,765
1,374,217

Liabilities
Current liabilities
Trade payables
Short-term debt
Income taxes payable
Accrued bonuses
Provision for losses on construction contracts
Other provisions
Advances from customers
Other
Total current liabilities

310,775
137,568
4,627
20,58230,977
7,128
99,05085,291
696,002286,779
158,685
3,996
22,98329,122
6,343
119,097
82,104
709,112Long-term liabilities
Bonds payable
Long-term debt
Employees’ retirement and severance benefits
Other provisions
Other
Total long-term liabilities
Total liabilities

60,000198,737
75,052
4,192
12,232350,214
1,046,216

60,000196,374
73,917
3,904
15,096349,293
1,058,405

104,484
54,393
176,414(22)
335,270

104,484
54,393
173,881(23)
332,736

Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity

10

Accumulated other comprehensive income
Net unrealized gains (losses) on securities, net of tax
Deferred gains (losses) on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total net assets and liabilities

11

3,989
246
(33,451)(29,215)9,868
315,922
1,362,139

2,808
1,900
(32,010)(27,302)
10,377
315,812
1,374,217

(2) Consolidated statements of income and comprehensive income
Consolidated statements of income
Millions of yen
Three months ended
June 30, 2011
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and benefits
R&D expenses
Provision for doubtful accounts
Other
Total selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Equity in income of non-consolidated subsidiaries and affiliates
Foreign exchange gain, net
Other
Total non-operating income
Non-operating expenses
Interest expense
Loss on valuation of securities
Other
Total non-operating expenses
Recurring profit (loss)
Extraordinary losses
Loss on impairment of fixed assets
Total extraordinary losses
Income (loss) before income taxes and minority interests
Income taxes
Income before minority interests
Minority interests in net income of consolidated subsidiaries
Net income (loss)

Three months ended
June 30, 2012

291,579
244,360
47,218283,530
240,094
43,435

9,668
7,009
195
17,971
34,844
12,373

9,970
8,190
8
18,52436,693
6,741

367
321
2,098
313
1,218
4,318

419
264
2,296
2,658
1,068
6,707

1,104
7
910
2,022
14,669

1,017
18
686
1,722
11,727564
564
14,104
3,946
10,158599
9,558

11,727
5,100
6,626
595
6,030

Consolidated statements of comprehensive income
Millions of yen
Three months ended
June 30, 2011
Income before minority interests
Other comprehensive income
Net unrealized gains (losses) on securities, net of tax
Deferred gains (losses) on hedges
Foreign currency translation adjustment
Share of other comprehensive income of associates accounted
for using equity method
Total other comprehensive income
Comprehensive Income attributable to:
Owners of the parent company
Minority interests

12

Three months ended
June 30, 2012

10,158

6,626

(251)
614
(488)

(1,203)
1,653
340

1,003

1,469

878
11,036
10,235
801

2,260
8,886
7,944
942

(3) Notes on the going-concern assumption

Not applicable(4) Notes on significant changes in the amount of shareholders’ equity
Not applicable(5) Segment information and others
Segment information
1. Three months ended June 30, 2011 (April 1, 2011 – June 30, 2011)(1) Sales and income (loss) by reportable segment
Millions of yen

Ship & Offshore Structure
Rolling Stock
Aerospace
Gas Turbine & Machinery
Plant & Infrastructure
Motorcycle & Engine
Precision Machinery
Other
Reportable segment total
Adjustments*1
Consolidated total
Notes: 1. Breakdown of adjustments:

External sales

Intersegment
sales

Total sales

Operatingincome (loss)

27,75125,87840,02945,56923,82559,611
40,481
28,432
291,579
291,579

101
63
442
3,896
1,919
209
3,219
7,670
17,522(17,522)-

27,85325,94140,47149,46625,744
59,82043,70036,102309,101(17,522)
291,579

950
48
(898)
3,386
999
353
7,125
922
12,889(515)
12,373

Millions of yen
IncomeAmountIntersegment transactions
47
Corporate expenses*
(563)
Total
(515)
*Corporate expenses mainly comprise general and administrative expenses not attributed to reportablesegments.
2. Segment income adjustments are based on operating income reported on the consolidated statements
of income for the corresponding period.

(2) Impairment loss on fixed assets and goodwill by reportable segment
Not applicable132. Three months ended June 30, 2012 (April 1, 2012 – June 30, 2012)(1) Sales and income (loss) by reportable segment
Millions of yen

Ship & Offshore Structure
Rolling Stock
Aerospace
Gas Turbine & Machinery
Plant & Infrastructure
Motorcycle & Engine
Precision Machinery
Other
Reportable segment total
Adjustments*1
Consolidated total
Notes: 1. Breakdown of adjustments:

External sales

Intersegment
sales

Total sales

Operatingincome (loss)

22,712
28,83049,61445,387
19,84053,43036,101
27,613
283,530
283,530

290
105
708
3,756
3,079
162
2,763
7,959
18,825(18,825)-

23,00328,93550,32249,14322,92053,592
38,86435,573
302,355(18,825)
283,530

(644)
146
889
2,676
197
(347)
3,992
554
7,466
(724)
6,741

Millions of yen
AmountIncomeIntersegment transactions
72
Corporate expenses*
(797)
Total
(724)
* Corporate expenses mainly comprise general and administrative expenses not attributed to reportablesegments.
2. Segment income adjustments are based on operating income reported on the consolidated statements
of income for the corresponding period.

(2) Impairment loss on fixed assets and goodwill by reportable segment
Not applicable
4. Supplementary information(1) Condensed consolidated cash flow statements
Millions of yen
Three months ended
June 30, 2011
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
Cash and cash equivalents at end of period(10,239)(14,869)
11,18927,53814

Three months ended
June 30, 2012
7,995
(30,618)
22,62932,490(2) Orders and sales (consolidated)
Orders received
Three months ended
June 30, 2011

Three months ended
June 30, 2012

Year ended
March 31, 2012

% of total
million yen% of total
million yen% of total
million yen
Ship & Offshore Structure
17,003
6.7
30,345
11.1
39,9093.0
Rolling Stock
22,6469.0
25,3509.3
66,0995.0
Aerospace
30,61012.1
34,434
12.6
327,233
24.9
Gas Turbine & Machinery
31,37712.4
32,531
11.9
227,28117.3
Plant & Infrastructure
19,143
7.6
37,18613.6
119,284
9.0
Motorcycle & Engine
59,611
23.7
53,43019.6
235,243
17.9
Precision Machinery
43,49017.3
28,606
10.5
174,587
13.3
Other
27,297
10.8
29,673
10.9
122,239
9.3
Total
251,181100.0
271,557
100.0
1,311,878
100.0
Note: The Motorcycle & Engine segment’s orders received are equal to its net sales as production is based mainlyon estimated demand.

Net sales

Ship & Offshore Structure
Rolling Stock
Aerospace
Gas Turbine & Machinery
Plant & Infrastructure
Motorcycle & Engine
Precision Machinery
Other
Total

Three months ended
June 30, 2011
% of total
million yen
27,751
9.5
25,8788.8
40,02913.7
45,56915.6
23,825
8.1
59,611
20.4
40,481
13.8
28,432
9.7
291,579
100.0

Three months ended
June 30, 2012
million yen% of total
22,712
8.0
28,83010.1
49,61417.4
45,38716.0
19,8406.9
53,43018.8
36,101
12.7
27,613
9.7
283,530
100.0Year ended
March 31, 2012
million yen% of total
113,532
8.7
132,684
10.1
206,580
15.8
194,655
14.9
122,800
9.4
235,24318.0
175,077
13.4
123,205
9.4
1,303,778
100.0Year ended
March 31, 2012
% of total
million yen
102,870
6.8
345,170
23.1
386,37625.8
409,81927.4
181,698
12.1
42,3002.8
25,8791.7
1,494,116
100.0

Three months ended
June 30, 2012
million yen % of total
109,070
7.5
329,21422.7
368,469
25.4
386,96326.7
189,747
13.1
34,805
2.4
27,9361.9
1,446,207
100.0

Three months ended
June 30, 2011
million yen% of total
165,306
11.4
412,17828.4
257,65417.7
360,19224.8
180,677
12.4
45,8003.1
25,7091.7
1,447,519
100.0

Order backlog

Ship & Offshore Structure
Rolling Stock
Aerospace
Gas Turbine & Machinery
Plant & Infrastructure
Motorcycle & Engine
Precision Machinery
Other
Total

15

(2) Net sales by geographic area (consolidated)
Three months ended June 30, 2011 (April 1, 2011 – June 30, 2011)
Japan
United States
EuropeAsia
Other areas
Total

Millions of yen
40.4%
19.0%
11.4%
18.3%
10.7%
100.0%

117,989
55,42733,27953,58331,299291,579

Three months ended June 30, 2012 (April 1, 2012 – June 30, 2012)
Japan
United States
EuropeAsia
Other areas
Total

Millions of yen
47.0%
20.6%
7.6%
15.8%
8.7%
100.0%

133,51958,545
21,59544,94624,923
283,530

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