Revenues in Water Environment decreased by 7.5% from the same period in the prior year to ¥294.5 billion and accounted for 18.5% of consolidated revenues.
Domestic revenues decreased by 3.2% to ¥240.9 billion. Overseas revenues decreased by 22.8% to ¥53.7 billion.
Operating income decreased by 13.3% to ¥22.2 billion.
* Due to the change in fiscal year-end, the fiscal year ended December 31, 2015 was the nine-month period that commenced on April 1, 2015 and ended on December 31, 2015.
Therefore, the results of operations for the year ended December 31, 2016 are compared with the results for the same period in the prior year that commenced on January 1, 2015 and ended on December 31, 2015.
Instructing local engineers of the installation procedure
In Chittagong, the second largest city in Bangladesh, a project to improve the waterworks infrastructure is under way. Kubota Construction Co., Ltd. took part in the first phase of the water pipe (ductile iron pipes for water conveyance) installation project (total length of 68 km, JV* with Marubeni) and received a continuous order for the project’s second-phase work (total length of 35 km, JV with Kolon Global Corporation of Korea), thanks to high evaluation of its experience and performance in the first phase.
The project is intended to be completed in 2019. Kubota will contribute to ensuring safe water supply and improving the living environment of the residents of Chittagong, by making full use of its know-how of waterworks infrastructure development that it has cultivated for over a century.
*JV: Joint Venture, referring to an organization formed by multiple companies to jointly run a business.