Kawasaki Heavy Industries
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Kawasaki Heavy Industries (7012) investor relations material

Kawasaki Heavy Industries Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary9 Feb, 2026

Executive summary

  • Revenue for the nine months ended December 31, 2025, rose 10.9% year-over-year to ¥1,561,403 million, with consolidated business profit at ¥82.4 billion, up ¥3.3 billion year-over-year, and profit attributable to owners of parent at ¥65.8 billion, up ¥21.6 billion year-over-year.

  • Comprehensive income increased 73.0% year-over-year to ¥91,836 million.

  • Strong performance in Aerospace Systems and Energy Solution & Marine Engineering offset weaker results in Powersports & Engine, which was impacted by U.S. tariff policies and increased competition.

  • A stock split (1:5) and amendment to the Articles of Incorporation were approved to broaden the investor base.

  • The full-year business profit forecast remains at a record ¥145.0 billion, with the profit attributable to owners of parent revised upward to ¥90.0 billion due to foreign exchange gains.

Financial highlights

  • Q3 revenue rose to ¥1,561.4 billion, up ¥154.0 billion year-over-year, with a business profit margin of 5.3%.

  • Profit before tax increased to ¥88.8 billion, up ¥24.4 billion year-over-year, with a margin of 5.7%.

  • Basic earnings per share rose to ¥393.97 from ¥263.64 year-over-year.

  • Total assets grew to ¥3,286,731 million as of December 31, 2025, from ¥3,016,951 million at March 31, 2025.

  • Equity attributable to owners of parent increased to ¥807,694 million.

Outlook and guidance

  • Full-year revenue forecast for FY2025 is ¥2,340,000 million, up 9.9% year-over-year.

  • Full-year business profit forecast is unchanged at ¥145.0 billion, with the assumed FX rate at 145 yen/USD.

  • Profit attributable to owners of parent is projected at ¥90,000 million, with basic EPS of ¥538.43.

  • Dividend forecast revised upward to ¥166.0 per share for the year ending March 31, 2026.

  • Aerospace Systems and ES & M forecasts were revised upward due to improved profitability, while PS & E was revised downward due to U.S. market challenges.

Powersports & Engine profit decline explanation
Drivers of finance income increase
Compliance incidents' forecast impact assessment
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Frequently asked questions

Kawasaki Heavy Industries Ltd. is a Japanese multinational corporation that operates in a diverse range of sectors, including aerospace, energy, industrial equipment, and transportation. The company manufactures motorcycles, ships, industrial robots, gas turbines, and rolling stock. Additionally, it engages in the production of hydraulic machinery, construction machinery, and environmental systems. Kawasaki Heavy Industries also offers infrastructure-related solutions and services, such as plant engineering and industrial facilities maintenance. The company is headquartered in Kobe, Japan, and its shares are listed on the TSE.

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