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Kawasaki Heavy Industries (7012) investor relations material
Kawasaki Heavy Industries Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 revenue reached a record ¥1,084.4bn, up 8.8% YoY; business profit more than doubled to ¥73.9bn.
Higher sales, yen depreciation, IEEPA tariff refunds, litigation proceeds and other one-time gains supported earnings.
Financial highlights
Orders received were ¥1,041.2bn, up ¥25.7bn YoY; gross profit increased to ¥215.1bn from ¥181.3bn.
Business profit was ¥73.9bn, with a 6.8% margin versus 3.6% YoY; profit before tax was ¥56.8bn versus ¥35.3bn.
Profit attributable to owners of parent increased to ¥30.9bn from ¥22.1bn; gross margin improved to 19.8% from 18.2%.
Operating cash flow was -¥88.1bn and free cash flow was -¥137.5bn, as working capital and higher inventories absorbed cash.
Outlook and guidance
Full-year revenue forecast remains ¥2,560bn; business profit guidance rose ¥5.0bn from August to ¥185bn, with a 7.2% margin.
Full-year profit before tax is forecast at ¥161bn and profit attributable to owners of parent at ¥118bn; free cash flow is forecast at positive ¥20bn.
Guidance assumes USD/JPY 150 and EUR/JPY 180, includes ~¥3bn of Middle East-related procurement and fuel costs, and incorporates ~¥28bn of U.S. tariff impact.
The annual dividend forecast is ¥40 per share, including ¥20 interim and ¥20 year-end, under a DOE 4% target policy.
- FY2024 targets record revenue and a rebound to 1,300億 yen in business profit.7012
Q4 2024 - FY2030 growth targets pair ¥3.3tn+ revenue with a defense business forecast of ¥700–800bn.7012
Investor update - Scaling power generation while advancing hydrogen supply chains and CO2 capture.7012
Corporate presentation - Record Q1 profit growth and capital raises support strategic expansion and hydrogen initiatives.7012
Q1 2027 - Record revenue and profit with strong outlook, despite tariff and geopolitical risks.7012
Q4 2026 - Record Q3 profit and revenue, upward profit guidance, stock split, and dividend hike.7012
Q3 2026 - Record Q1 revenue and profit, strong aerospace and robotics, and a doubled dividend forecast.7012
Q1 2025 - Record Q2 profit driven by Aerospace and robotics; profit and dividend guidance unchanged.7012
Q2 2025 - Record Q3 profit and revenue, led by Aerospace and Energy, with raised profit outlook.7012
Q3 2025
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Next Kawasaki Heavy Industries earnings date
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