Kawasaki Heavy Industries Ltd. TSE:7012

Kawasaki Heavy Industries : Financial Results for the Third Quarter FY2025(Presentation Material)

Published

Source: MarketScreener

Financial Results for Third Quarter FY2025 For the year ending March 31, 2026

February 9, 2026



Consolidated Financial Results for Third Quarter FY2025

Business profit totaled 82.4 billion yen, up 3.3 billion yen YoY,

progressing well at 57% toward the full-year forecast of

145.0 billion yen (55% in the previous fiscal year)

Strong performance in Aerospace Systems and ES&M offset PS&E, which was significantly affected by U.S. tariff policies

Earnings forecasts for FY2025

Business profit forecast remains unchanged at a record

145.0 billion yen, with the assumed FX rate maintained at

145 yen/USD)

Profit attributable to owners of parent has been revised upward to

90.0 billion yen (up 8.0 billion yen from the previous forecast), reflecting the realization of foreign exchange gains

Notice

Update on Shareholder Returns Policy and Stock Split (See pp. 42-43)

0

Table of Contents

1

Consolidated Financial Results for Third Quarter FY2025

Summary 5

Segment 6

Statement of Profit and Loss 7

Factors Affecting Changes in Business Profit 9

Statement of Financial Position 11

Cash Flows 13

Details by Segment

3

Aerospace Systems 21

Rolling Stock 26

Energy Solution & Marine Engineering 29

（ES&M）

Precision Machinery & Robot 33

Powersports & Engine 37

（PS&E）

2

Earnings Forecasts for FY2025

Summary 16

Factors Affecting Changes in Business Profit 17

Segment 18

Shareholder Returns and Other Information

4

Shareholder Returns 42

Project Topics 44

Appendix 47

Notice

Figures recorded in the business forecasts are forecasts that reflect the judgment of the Company based on the information available at the time of release and include risks and uncertainties. Accordingly, the Company cautions investors not to make investment decisions solely on the basis of these forecasts.

Actual business results may differ materially from these business forecasts due to various important factors resulting from changes in the external environment and internal environment. Important factors that may affect actual business results include, but are not limited to, economic conditions, the yen exchange rate against the U.S. dollar and other currencies, the tax system, and laws and regulations. Our company has adopted IFRS (International Financial Reporting Standards) since the first quarter of FY2022.

1

Consolidated Financial Results for Third Quarter FY2025

1

Consolidated Financial Results for Third Quarter FY2025

-Summary-

Revenue and business profit grew YoY, with orders received, revenue, and business profit all marking record highs for the third quarter

Overall results were broadly in line with expectations, despite variations among business segments (vs. November forecast)

(billion yen)

FY24 Q3

FY25 Q3

YoY

Change

Apr. to Jun.

Jul. to Sep.

Oct. to Dec.

Total

Orders Received

1,821.9

446.3

569.1

892.6

1,908.1

+

86.1

Revenue

1,407.3

488.4

507.8

565.1

1,561.4

+

154.0

Business Profit

79.0

20.5

15.1

46.7

82.4

+

3.3

[margin]

[5.6%]

[4.2%]

[3.0%]

[8.3%]

[5.3%]

[- 0.3pt]

Profit Before Tax

64.4

16.8

18.5

53.4

88.8

+

24.4

[margin]

[4.6%]

[3.4%]

[3.7%]

[9.5%]

[5.7%]

[+ 1.1pt]

Profit Attributable to

Owners of Parent

44.1

4.2

17.8

43.7

65.8

+

21.6

[margin]

[3.1%]

[0.9%]

[3.5%]

[7.7%]

[4.2%]

[+ 1.0pt]

Weighted-average

exchange rates (USD/JPY)※1

150.33

143.79

146.37

152.22

147.55

-

2.78

US dollar-based transaction (B$)※2

1.53

0.52

0.62

0.58

1.72

+

0.19

※1 Except for loss related to the in-service issues of PW1100G-JM engine

※2 The amount of foreign currency impacting profit and loss by currency due to exchange rate fluctuations. Calculated by deducting dollar-denominated purchases from dollar-denominated revenue of Kawasaki Heavy Industries, Ltd, Kawasaki Railcar manufacturing Co., Ltd., and Kawasaki Motors, Ltd., including foreign currency denominated revenue from loss-provisioned projects. However, the foreign currency amount for each quarter of FY2024 excludes the amount of refund liabilities denominated in foreign currencies related to the in-service issues of the PW1100G-JM engine. See page 53 for the breakdown of these figures by segments