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Kawasaki Heavy Industries (7012) investor relations material
Kawasaki Heavy Industries Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 FY2026 reached a record ¥543.6 billion, up 11.3% YoY, with business profit rising to ¥35.8 billion (+74.3% YoY) and profit attributable to owners surging 269% to ¥15.7 billion, driven by strong segment performance, IEEPA tariff refunds, and yen depreciation.
Comprehensive income increased sharply to ¥26.2 billion from ¥3.1 billion YoY.
Upward revision of full-year business profit forecast to ¥180.0 billion, reflecting robust Q1 results and improved external environment.
Financial highlights
Q1 FY2026 revenue: ¥543.6 billion (+¥55.1 billion YoY); business profit: ¥35.8 billion (+¥15.2 billion YoY, margin 6.6%).
Profit before tax: ¥34.7 billion (+¥17.9 billion YoY); profit attributable to owners: ¥15.7 billion (+¥11.4 billion YoY).
Gross profit margin improved to 20.3% from 18.8% YoY; gross profit rose to ¥110.1 billion from ¥91.8 billion.
Basic earnings per share rose to ¥18.74 from ¥5.07, reflecting a 5-for-1 stock split.
Free cash flow slightly negative in Q1, but expected to turn positive for the full year; net cash used in operating activities was ¥12.3 billion.
Outlook and guidance
FY2026 business profit forecast raised to ¥180.0 billion (+¥10.0 billion vs previous), margin target 7.0%.
Revenue forecast maintained at ¥2,560.0 billion (+10.8% YoY); profit attributable to owners forecast at ¥115.0 billion (+6.3% YoY).
Basic EPS forecast for the year is ¥133.12, adjusted for the stock split and new share issuance.
FX assumption unchanged at ¥150/USD; risk buffer included for Middle East and tariff uncertainties.
- Record revenue and profit with strong outlook, despite tariff and geopolitical risks.7012
Q4 2026 - Record Q3 results, upward profit revision, stock split, and higher dividends announced.7012
Q3 2026 - Record revenue achieved, but profit pressured by yen, tariffs, and compliance risks.7012
Q2 2026 - Record revenue and profit growth, but net profit fell sharply amid FX and compliance issues.7012
Q1 2026 - Record Q1 revenue and profit, strong defense and robotics, dividend forecast doubled.7012
Q1 2025 - Record Q2 profit driven by Aerospace and robotics; profit and dividend guidance unchanged.7012
Q2 2025 - Record profit and revenue growth, strong segment gains, and robust outlook for FY2025.7012
Q4 2025 - Record Q3 profit and revenue, led by Aerospace and Energy, with raised profit outlook.7012
Q3 2025
Next Kawasaki Heavy Industries earnings date
Next Kawasaki Heavy Industries earnings date
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