Kawasaki Heavy Industries, Ltd. logo

Kawasaki Heavy Industries, Ltd.

7012.T

JPXIndustrialsConglomerates

Latest quote

¥2,590

−¥13.50 · -0.52%

Aug 24, 3:30 PM JST

7012.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Kawasaki Heavy Industries, Ltd., established in Tokyo, Japan, in 1878, is a global industrial conglomerate with operations spanning numerous key sectors. The company's extensive activities include developing aerospace systems, providing energy solutions and marine engineering, manufacturing precision machinery and robotics, producing rolling stock, and creating motorcycles and engines. Its aerospace division is responsible for military aircraft supplied to Japan's Ministry of Defense, various helicopters, and specialized engines for both helicopters and commercial jetliners. Within its rolling stock segment, Kawasaki produces a wide array of railway vehicles, ranging from high-speed Shinkansen trains and electric passenger cars to freight wagons, locomotives (including diesel), modern transit systems, and even specialized snow plows. The company also focuses on the production and sale of energy-related equipment and systems, marine machinery, general industrial and environmental equipment, innovative ultralow-temperature storage tanks, critical hydrogen-related infrastructure, crushers, and a variety of ships and other vessels. Furthermore, Kawasaki is a prominent manufacturer and supplier of motorcycles, off-road four-wheelers, personal watercraft, and general-purpose gasoline engines. Its precision machinery and robotics unit develops hydraulic systems used in construction, agriculture, and other industrial applications, along with pumps, motors, valves, and complete hydraulic assemblies. This unit also supplies advanced industrial robots, vital for tasks like welding, assembly, handling, painting, and palletizing across industries such as automotive and electronics.

Industry
Conglomerates
Sector
Industrials
Headquarters
JP
CEO
Yasuhiko Hashimoto
Listed since
Nov 5, 2004
Employees
40,640

Market position

52-week range

Current ¥2,590

Open
¥2,590
Previous close
¥2,603.5
Volume
0
0× average
Average volume
13.78M
Average daily volume
Market cap
2.26T JPY
Beta
0.9
Market reference 1
50-day average
¥2,832.09
-8.55% below average
200-day average
¥2,844.74
-8.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.17T JPY
P/E (TTM)
18.1×
P/B (TTM)
2.45×
P/S (TTM)
0.96×
EV / EBITDA
11.7×
Earnings yield
4.47%
Free cash flow yield
1.82%
Dividend yield
1.32%

Profitability & efficiency

Gross margin
20.00%
Operating margin
5.81%
Net margin
5.05%
Return on equity
12.32%
Return on assets
3.25%
Return on invested capital
5.32%

Financial health

Debt / equity
Current ratio
1.15×
Altman Z-score
1.84
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%15%7%-1%Gross margin, FY2022: 17.10%Gross margin, FY2023: 19.35%Gross margin, FY2024: 16.88%Gross margin, FY2025: 20.27%Gross margin, FY2026: 19.68%Operating margin, FY2022: 3.05%Operating margin, FY2023: 4.72%Operating margin, FY2024: 1.96%Operating margin, FY2025: 5.85%Operating margin, FY2026: 5.46%Net margin, FY2022: 1.45%Net margin, FY2023: 3.07%Net margin, FY2024: 1.37%Net margin, FY2025: 4.13%Net margin, FY2026: 4.68%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 17.10%. Gross margin FY2023 19.35%. Gross margin FY2024 16.88%. Gross margin FY2025 20.27%. Gross margin FY2026 19.68%. Operating margin FY2022 3.05%. Operating margin FY2023 4.72%. Operating margin FY2024 1.96%. Operating margin FY2025 5.85%. Operating margin FY2026 5.46%. Net margin FY2022 1.45%. Net margin FY2023 3.07%. Net margin FY2024 1.37%. Net margin FY2025 4.13%. Net margin FY2026 4.68%.

Income trends

Revenue

2.31T JPY+8.54%

Operating income

126.16B JPY+1.27%

Net income

108.16B JPY+22.91%
Income trends across reported periods2.54T JPY1.62T JPY708.64B JPY−207.15B JPYRevenue, FY2022: 1.5T JPYRevenue, FY2023: 1.73T JPYRevenue, FY2024: 1.85T JPYRevenue, FY2025: 2.13T JPYRevenue, FY2026: 2.31T JPYOperating income, FY2022: 45.81B JPYOperating income, FY2023: 81.51B JPYOperating income, FY2024: 36.19B JPYOperating income, FY2025: 124.57B JPYOperating income, FY2026: 126.16B JPYNet income, FY2022: 21.8B JPYNet income, FY2023: 53.03B JPYNet income, FY2024: 25.38B JPYNet income, FY2025: 88B JPYNet income, FY2026: 108.16B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.5T JPY. Revenue FY2023 1.73T JPY. Revenue FY2024 1.85T JPY. Revenue FY2025 2.13T JPY. Revenue FY2026 2.31T JPY. Operating income FY2022 45.81B JPY. Operating income FY2023 81.51B JPY. Operating income FY2024 36.19B JPY. Operating income FY2025 124.57B JPY. Operating income FY2026 126.16B JPY. Net income FY2022 21.8B JPY. Net income FY2023 53.03B JPY. Net income FY2024 25.38B JPY. Net income FY2025 88B JPY. Net income FY2026 108.16B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue2.31T JPY2.13T JPY1.85T JPY1.73T JPY1.5T JPY
Cost of goods sold1.86T JPY1.7T JPY1.54T JPY1.39T JPY1.24T JPY
Gross profit454.92B JPY431.54B JPY312.24B JPY333.82B JPY256.58B JPY
Research and development48.9B JPY53.3B JPY50.7B JPY47.1B JPY
Selling, general, and administrative328.76B JPY257.99B JPY222.68B JPY201.54B JPY163.67B JPY
Operating expenses328.76B JPY306.96B JPY276.04B JPY252.31B JPY210.77B JPY
Interest income21.7B JPY3.42B JPY3.04B JPY1.58B JPY1.1B JPY
Interest expense21.27B JPY39.03B JPY17.26B JPY9.6B JPY5.25B JPY
Depreciation and amortization103.82B JPY93.43B JPY80.98B JPY77.37B JPY60.85B JPY
Operating income126.16B JPY124.57B JPY36.19B JPY81.51B JPY45.81B JPY
Net income108.16B JPY88B JPY25.38B JPY53.03B JPY21.8B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-2.16%
11 comparable reports
Latest EPS result
18.74
Estimate 21.5 · Miss by 12.84%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates127.5786.4945.44.32Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 36.41, estimate 118.5, surprise -69.27%, Miss. Q2 2025, reported May 9, 2025: actual 52.38, estimate 44.92, surprise +16.61%, Beat. Q3 2025, reported Aug 6, 2025: actual 5.08, estimate 17.85, surprise -71.54%, Miss. Q4 2025, reported Nov 11, 2025: actual 21.35, estimate 22.55, surprise -5.32%, Miss. Q1 2026, reported Feb 9, 2026: actual 52.36, estimate 22.28, surprise +135.01%, Beat. Q2 2026, reported May 12, 2026: actual 50.67, estimate 31.23, surprise +62.25%, Beat. Q3 2026, reported Aug 7, 2026: actual 18.74, estimate 21.5, surprise -12.84%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 24.5, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates806.71B682.49B558.27B434.06BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 523.18B JPY, estimate 532.23B JPY, surprise -1.70%, Miss. Q2 2025, reported May 9, 2025: actual 721.96B JPY, estimate 749.04B JPY, surprise -3.62%, Miss. Q3 2025, reported Aug 6, 2025: actual 488.44B JPY, estimate 465.08B JPY, surprise +5.02%, Beat. Q4 2025, reported Nov 11, 2025: actual 507.81B JPY, estimate 499.23B JPY, surprise +1.72%, Beat. Q1 2026, reported Feb 9, 2026: actual 565.15B JPY, estimate 591.99B JPY, surprise -4.53%, Miss. Q2 2026, reported May 12, 2026: actual 750.72B JPY, estimate 775.68B JPY, surprise -3.22%, Miss. Q3 2026, reported Aug 7, 2026: actual 543.58B JPY, estimate 533.44B JPY, surprise +1.90%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 558.69B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥31.00

2025 complete year+675.0% since 2021

2026 partial: ¥19.20

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥20.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥20.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥96.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Sep 29, 2025

¥75.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Mar 28, 2025

¥80.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥70.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 3, 2024

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