TOKYO — Kawasaki Heavy Industriesplans torestructure rolling-stock operations amid heavy losses, exploring such options as quitting the business andteaming up with other companies.
While the overseas rail market looks promising, the company has been waging fierce competition for orders with rivalsthat have grown in scalethrough consolidation. Japanese peers like Hitachi are likewise struggling abroad amid numerous mishaps.
Kawasaki Heavy said on Tuesday that it will draw up anoutline on train business restructuring this fiscal year. The announcement came the same day it reported a 3.5 billion yen ($31 million) net loss for the half ended September, down from the year-earlier 10.8 billion yen profit.
The company cut its full-year net profit…
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