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Kawasaki Heavy Industries, The Current Fiscal Year Net Income Revised Upward by 7%, Exceeded Record Profit Forecast

Fri Feb 7, 2025 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 7th. The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 44.1 billion yen (compared to a loss of 13.4 billion yen in the same period last year).

In addition, the full-year consolidated net income has been revised upward 6.8%, from the previous forecast of 73 billion yen to 78 billion yen (compared to 25.3 billion yen in the previous period), increasing the growth rate from 2.9 times to 3.1 times. The company has further increased its previous forecast of record profits for the first time in two years.

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 (2H) is expected to increase 8.4%, from the previous forecast of 59.3 billion yen to 64.3 billion yen (compared to 48.7 billion yen in the same period of the previous year), increasing the growth rate from 21.8% to 32.0%.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 3.1 times that of the same period last year, reaching 30.4 billion yen.

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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, 2022 1,196,330 ー 72,127 52,512 313.6 102.5 Feb 10, 2023 IFRS
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 64.5 Feb 7, 2025 IFRS
YoY +14.5% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 1,295,817 ー 71,264 59,333 354.2 70 Nov 8, 2024 IFRS
Oct - Mar, 2024 New 1,275,817 ー 76,264 64,333 384.0 70 Feb 7, 2025 IFRS
Revision Rate -1.5% － +7.0% +8.4% +8.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,180,000 ー 95,000 73,000 435.8 140 Nov 8, 2024 IFRS
Mar, 2025 New 2,160,000 ー 100,000 78,000 465.6 140 Feb 7, 2025 IFRS
Revision Rate -0.9% － +5.3% +6.8% +6.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,079,946 ー 66,451 48,723 290.9 30 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 1,275,817 ー 76,264 64,333 384.0 70 Feb 7, 2025 IFRS
YoY +18.1% － +14.8% +32.0% +32.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,725,609 ー 70,349 53,029 316.6 90 May 10, 2023 IFRS
Mar, 2024 1,849,287 ー 31,980 25,377 151.5 50 May 9, 2024 IFRS
Mar, 2025 Guidance 2,160,000 ー 100,000 78,000 465.6 140 Feb 7, 2025 IFRS
YoY +16.8% － +212.7% +207.4% +207.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 459,728 ー 16,540 9,866 58.9 0.0 Feb 9, 2024 IFRS
Jan - Mar, 2024 620,218 ー 49,911 38,857 232.0 0.0 May 9, 2024 IFRS
Apr - Jun, 2024 444,227 ー 25,885 15,375 91.8 0.0 Aug 6, 2024 IFRS
Jul - Sep, 2024 439,956 ー -2,149 -1,708 -10.2 0.0 Nov 8, 2024 IFRS
Oct - Dec, 2024 523,179 ー 40,726 30,496 182.1 0.0 Feb 7, 2025 IFRS
YoY +13.8% － +146.2% +209.1% +209.1%

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