Japan · Delayed Price · Currency is JPY Kawasaki Heavy Industries Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 revenue and higher full-year forecasts were driven by strong segment performances and major orders, despite profit pressures from yen appreciation and tariffs. Hydrogen and LNG initiatives, as well as key partnerships, support long-term growth.
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Record Q1 revenue and higher business profit were achieved, but net profit fell due to FX losses and higher costs. Full-year guidance is unchanged, with upward revisions in several segments offset by U.S. tariffs and weak U.S. demand.
Fiscal Year 2025
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Record business profit and revenue were achieved in FY2024, with FY2025 guidance targeting further growth despite currency headwinds and tariff risks. Segment performance was strong across aerospace, marine, and robotics, and the dividend was raised.
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Record Q3 orders and revenue were achieved, with full-year pre-tax and net income forecasts raised due to strong aerospace and defense performance. Segment results were mixed, with aerospace and energy segments outperforming, while Powersports & Engine and precision machinery faced headwinds.
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Record Q2 revenue and business profit were achieved, driven by strong recovery in Aerospace and improved profitability in several segments, despite foreign exchange losses and challenges in Powersports & Engine. Full-year business profit forecast and dividends remain unchanged.