kabutan

Kawasaki Heavy Industries, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase, Raises Record High Profit, Dividend Revised Upward by 16 Yen

Mon Feb 9, 2026 11:30 am JST Earnings

7012 Kawasaki Heavy Industries,Ltd. 【IFRS】

Earnings Report

Kawasaki Heavy Industries,Ltd. <7012> [TSE Prime] announced its financial results (based on IFRS) at noon (11:30) on February 9th. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 65.8 billion yen, an increase 49.1% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 9.8%, from the previous forecast of 82.0 billion yen to 90.0 billion yen (compared to 88.0 billion yen in the previous period), record profits reach two consecutive terms, turning to a 2.3% increase in the consolidated net income outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 13.4%, from the previous forecast of 59.9 billion yen to 67.9 billion yen (compared to 74.3 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 19.4% to 8.6%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 150 yen to 166 yen (compared to 150 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 43.5% from the same period last year, reaching 43.7 billion yen.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 1,229,069 ー -17,931 -13,480 -80.5 ー Feb 9, 2024 IFRS
Apr - Dec, 2024 1,407,362 ー 64,462 44,163 263.6 60.0 Feb 7, 2025 IFRS
Apr - Dec, 2025 1,561,403 ー 88,872 65,853 394.0 72.8 Feb 9, 2026 IFRS
YoY +10.9% － +37.9% +49.1% +49.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 1,343,746 ー 79,626 59,911 358.4 75 Nov 11, 2025 IFRS
Oct - Mar, 2025 New 1,343,746 ー 86,626 67,911 406.2 91 Feb 9, 2026 IFRS
Revision Rate 0.0% － +8.8% +13.4% +13.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,340,000 ー 115,000 82,000 490.5 150 Nov 11, 2025 IFRS
Mar, 2026 New 2,340,000 ー 122,000 90,000 538.4 166 Feb 9, 2026 IFRS
Revision Rate 0.0% － +6.1% +9.8% +9.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,245,138 ー 83,782 74,334 443.8 80 May 9, 2025 IFRS
Oct - Mar, 2025 Guidance 1,343,746 ー 86,626 67,911 406.2 91 Feb 9, 2026 IFRS
YoY +7.9% － +3.4% -8.6% -8.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,849,287 ー 31,980 25,377 151.5 50 May 9, 2024 IFRS
Mar, 2025 2,129,321 ー 107,518 88,001 525.4 150 May 9, 2025 IFRS
Mar, 2026 Guidance 2,340,000 ー 122,000 90,000 538.4 166 Feb 9, 2026 IFRS
YoY +9.9% － +13.5% +2.3% +2.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 523,179 ー 40,726 30,496 182.1 0.0 Feb 7, 2025 IFRS
Jan - Mar, 2025 721,959 ー 43,056 43,838 261.8 0.0 May 9, 2025 IFRS
Apr - Jun, 2025 488,440 ー 16,824 4,244 25.4 0.0 Aug 6, 2025 IFRS
Jul - Sep, 2025 507,814 ー 18,550 17,845 106.8 0.0 Nov 11, 2025 IFRS
Oct - Dec, 2025 565,149 ー 53,498 43,764 261.8 0.0 Feb 9, 2026 IFRS
YoY +8.0% － +31.4% +43.5% +43.8%

Related Articles