Back to Articles
70122027 Q1PrimeIFRS

Kawasaki Heavy Industries (7012) FY2027 Q1 Earnings Report

For FY2027 Q1, revenue came to ¥543.6B (+11.3% year on year) and operating income ¥35.8B (+74.3%). The segment drivers and cash flow follow.

Automobiles & Transportation Equipment/Transportation Equipment


Financial Highlights

  • Net Sales: ¥543.58B
  • Operating Income: ¥35.75B
  • Net Income: ¥18.78B
  • EPS: ¥18.74

Income Statement

ItemCurrentPriorYoY %
Net Sales¥543.58B¥488.44B+11.3%
Cost of Sales¥433.48B¥396.63B+9.3%
Gross Profit¥110.10B¥91.81B+19.9%
SG&A Expenses¥83.79B¥76.92B+8.9%
Operating Income¥35.75B¥20.51B+74.3%
Equity Method Investment Income¥7.56B¥6.18B+22.4%
Profit Before Tax¥34.80B¥16.82B+106.8%
Income Tax Expense¥16.02B¥9.50B+68.6%
Net Income¥18.78B¥7.32B+156.4%
Net Income Attributable to Owners¥15.66B¥4.24B+269.1%
Total Comprehensive Income¥26.23B¥3.11B+743.2%
Basic EPS¥18.74¥5.07+269.6%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥2.19T¥2.26T−¥68.58B
Accounts Receivable¥789.96B¥880.39B−¥90.43B
Inventories¥863.80B¥822.17B+¥41.63B
Non-current Assets¥1.08T¥1.07T+¥9.55B
Property, Plant & Equipment¥544.08B¥542.94B+¥1.14B
Intangible Assets¥84.55B¥82.52B+¥2.03B
Total Assets¥3.27T¥3.32T−¥59.03B
Accounts Payable¥628.14B¥665.37B−¥37.23B
Non-current Liabilities¥427.03B¥422.06B+¥4.96B
Total Liabilities¥2.31T¥2.38T−¥67.09B
Total Equity¥956.55B¥948.49B+¥8.06B
Capital Stock¥104.48B¥104.48B¥0
Capital Surplus¥108.06B¥107.58B+¥478M
Retained Earnings¥580.17B¥580.82B−¥644M
Treasury Stock−¥3.91B−¥3.91B−¥2M
Shareholders' Equity¥885.14B¥878.12B+¥7.02B
Equity Ratio27.1%26.4%+0.7%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow−¥28.42B−¥7.75B−¥20.67B
Investing Cash Flow−¥19.50B−¥38.13B+¥18.63B
Financing Cash Flow¥5.29B−¥12.74B+¥18.03B
Cash and Cash Equivalents¥73.29B¥115.41B−¥42.12B
Free Cash Flow−¥47.92B--

Profitability Ratios

ItemValue
Net Profit Margin2.9%
Gross Profit Margin20.3%
Debt-to-Equity Ratio2.41x
Effective Tax Rate46.0%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+11.3%
Operating Income YoY Change+74.3%
Profit Before Tax YoY Change+106.8%
Net Income YoY Change+156.4%
Net Income Attributable to Owners YoY Change+269.0%
Total Comprehensive Income YoY Change+743.1%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)839.61M shares
Treasury Stock3.76M shares
Average Shares Outstanding835.85M shares
Book Value Per Share¥1,144.41

Segment Information

SegmentRevenueOperating Income
AerospaceSystems¥137.61B¥1.69B
EnergySolutionAndMarine¥86.91B¥12.09B
PowersportsAndEngine¥170.74B¥19.23B
PrecisionMachineryAndRobot¥69.59B¥5.27B
RollingStock¥60.13B¥480M

※ 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¥115.00B
Basic EPS Forecast¥133.12
Dividend Per Share Forecast¥40.00