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Kawasaki Heavy Industries ( (JP:7012) ) just unveiled an update.
Kawasaki Heavy Industries has completed a tax investigation by the Osaka Regional Taxation Bureau, resulting in an amended tax return and an additional payment of approximately ¥1 billion. The investigation revealed unreported income related to inappropriate expenses in the submarine repairs business and an error under Japan’s controlled foreign corporation rules affecting a North American joint-stock venture. The company is committed to improving its tax accounting practices.
More about Kawasaki Heavy Industries
Kawasaki Heavy Industries, Ltd. operates in the heavy machinery industry, focusing on manufacturing a diverse range of products including aerospace equipment, energy systems, and industrial machinery. The company is listed on the Tokyo and Nagoya Stock Exchanges.
YTD Price Performance: 10.02%
Average Trading Volume: 701
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.36B
Learn more about 7012 stock on TipRanks’ Stock Analysis page.
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