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70122026 Full YearPrimeIFRS

Kawasaki Heavy Industries (7012) FY2026 FY Earnings Report

For FY2026 FY, revenue came to ¥2.31T (+8.5% year on year) and operating income ¥145.1B. The segment drivers and cash flow follow.

Automobiles & Transportation Equipment/Transportation Equipment


Financial Highlights

  • Net Sales: ¥2.31T
  • Operating Income: ¥145.10B
  • Net Income: ¥114.93B
  • EPS: ¥129.41

Income Statement

ItemCurrentPriorYoY %
Net Sales¥2.31T¥2.13T+8.5%
Cost of Sales¥1.86T¥1.70T+9.3%
Gross Profit¥454.92B¥431.54B+5.4%
SG&A Expenses¥328.76B¥306.96B+7.1%
Operating Income¥145.10B¥143.12B+1.4%
Equity Method Investment Income¥24.14B¥23.17B+4.2%
Profit Before Tax¥145.53B¥107.52B+35.4%
Income Tax Expense¥30.60B¥17.19B+78.0%
Net Income¥114.93B¥90.33B+27.2%
Net Income Attributable to Owners¥108.16B¥88.00B+22.9%
Total Comprehensive Income¥163.89B¥91.40B+79.3%
Basic EPS¥129.41¥105.08+23.2%
Dividend Per Share¥171.00¥70.00+144.3%
Total Dividend Paid¥28.71B¥25.18B+14.0%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥2.26T¥2.02T+¥232.14B
Accounts Receivable¥880.39B¥764.38B+¥116.00B
Inventories¥822.17B¥775.43B+¥46.73B
Non-current Assets¥1.07T¥993.05B+¥75.53B
Property, Plant & Equipment¥542.94B¥515.74B+¥27.19B
Intangible Assets¥82.52B¥75.76B+¥6.76B
Total Assets¥3.32T¥3.02T+¥307.67B
Accounts Payable¥665.37B¥593.88B+¥71.49B
Non-current Liabilities¥422.06B¥444.58B−¥22.52B
Total Liabilities¥2.38T¥2.29T+¥84.24B
Total Equity¥948.49B¥725.06B+¥223.43B
Capital Stock¥104.48B¥104.48B¥0
Capital Surplus¥107.58B¥56.46B+¥51.13B
Retained Earnings¥580.82B¥483.53B+¥97.29B
Treasury Stock−¥3.91B−¥4.09B+¥181M
Shareholders' Equity¥878.12B¥702.91B+¥175.21B
Equity Ratio26.4%23.3%+3.1%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥140.07B¥148.94B−¥8.87B
Investing Cash Flow−¥128.05B−¥111.20B−¥16.85B
Financing Cash Flow−¥33.23B¥9.61B−¥42.84B
Cash and Cash Equivalents¥115.41B¥132.78B−¥17.36B
Free Cash Flow¥12.02B--

Profitability Ratios

ItemValue
ROE13.7%
ROA (Ordinary Income)4.6%
Payout Ratio26.4%
Dividend on Equity (DOE)3.6%
Book Value Per Share¥1,050.57
Net Profit Margin4.7%
Gross Profit Margin19.7%
Debt-to-Equity Ratio2.51x
Effective Tax Rate21.0%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+8.5%
Operating Income YoY Change+29.8%
Ordinary Income YoY Change+32.3%
Profit Before Tax YoY Change+35.4%
Net Income YoY Change+27.2%
Net Income Attributable to Owners YoY Change+22.9%
Total Comprehensive Income YoY Change+79.3%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)839.61M shares
Treasury Stock3.76M shares
Average Shares Outstanding835.78M shares
Book Value Per Share¥1,134.77

Dividend Information

ItemAmount
Q2 Dividend¥75.00
Year-End Dividend¥96.00

Segment Information

SegmentRevenueOperating IncomeAssets
AerospaceSystems¥613.69B¥62.48B¥1.22T
EnergySolutionAndMarine¥433.57B¥55.02B¥658.59B
PowersportsAndEngine¥682.81B¥22.75B¥820.08B
PrecisionMachineryAndRobot¥259.15B¥14.39B¥313.58B
RollingStock¥236.20B¥8.68B¥265.14B

※ セグメント利益の測定基礎: business

Full Year Forecast

ItemForecast
Net Sales Forecast¥2.56T
Net Income Attributable to Owners Forecast¥110.00B
Basic EPS Forecast¥131.61
Dividend Per Share Forecast¥40.00