TOKYO Oct 1 Japan's Kawasaki Heavy Industries
Ltd said it would consider a drastic revision of its
shipbuilding business due to its worsening profitability and
indicated that it may pull out of the business.
The company on Friday revised its profit outlook lower for
the business year ending next March, citing a stronger yen
against the dollar and a decline in operating profitability from
the shipbuilding business.
The company said it would consider what to do with the
shipbuilding business including whether to continue the business
and aimed to reach a final decision by the end of March.
Global shipbuilding companies have been suffering from a
slide in new vessel orders amid a volatile global economy.
(Reporting by Osamu Tsukimori; Editing by Christian