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Kawasaki Heavy IndustriesKawasaki Heavy Industries,Ltd.7012東証プライム輸送用機器FY ending Mar 2026, consolidated, IFRS

Kawasaki Heavy Industries FY ending Mar 2026 results

About 31% of Kawasaki Heavy Industries's sales come from Powersports and Engine, with Aerospace Systems and Energy Solution and Marine making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +8.5% from the prior year.

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+8.5%¥2.13T → ¥2.31T
Gross profit
+5.4%¥431.5B → ¥454.9B
Net income attributable to owners
+22.9%¥88B → ¥108.2B
Operating cash flow
-6.0%¥148.9B → ¥140.1B
Free cash flow
-36.9%¥35.3B → ¥22.3B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥2.31T, up +8.5% from ¥2.13T.
  • Net income attributable to owners grew +22.9%, from ¥88B to ¥108.2B.
  • Cash generation weakened, though: operating cash flow slipped -6.0% to ¥140.1B and free cash flow dropped -36.9% to ¥22.3B.

What drove the change

  • Sales rose across the businesses, led by Powersports and Engine.
  • Higher profits in Energy Solution and Marine and in Precision Machinery and Robot, plus better foreign exchange results, lifted net income. Powersports and Engine sold more but earned less, hit by higher tariff costs, tougher competition in the US and higher fixed costs from expanding production.
  • Operating cash flow fell mainly because trade receivables and advance payments to suppliers increased.

Things to watch

  • Tensions in the Middle East, China's export controls on Japan and US tariffs could disrupt supplies of parts and materials or raise costs.
  • The company is still working to prevent a repeat of misconduct found in its submarine repair and marine engine businesses; further violations could lead to damages claims and loss of trust.
  • Large projects carry the risk of losses from pricing estimates, contract terms, technical specs or execution problems.

Amended Annual Securities Report (203rd term) / Management's Analysis of Financial Position, Operating Results and Cash Flows · Amended Annual Securities Report (203rd term) / Business Risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

※ Operating income is not disclosed; the chart goes straight to pretax income including investment gains

Where ¥100 of sales goes

For every ¥100 Kawasaki Heavy Industries sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥80
SG&A
¥14
Operating profit
¥6
Net profit kept
¥5

* This company does not report operating income, so it is calculated as gross profit minus SG&A. Equity-method income and dividends are not included, so net profit can be larger.

Annual margin trends

Gross margin19.7%
FY ending Mar 2021: 12.8%12.8%FY ending Mar 2022: 16.9%16.9%FY ending Mar 2023: 19.3%19.3%FY ending Mar 2024: 16.9%16.9%FY ending Mar 2025: 20.3%20.3%FY ending Mar 2026: 19.7%19.7%FY21FY22FY23FY24FY25FY26
Operating margin—
FY ending Mar 2021: -0.4%-0.4%FY ending Mar 2022: 3.1%3.1%FY21FY22FY23FY24FY25FY26
Net margin4.7%
FY ending Mar 2021: -1.3%-1.3%FY ending Mar 2022: 0.8%0.8%FY ending Mar 2023: 3.1%3.1%FY ending Mar 2024: 1.4%1.4%FY ending Mar 2025: 4.1%4.1%FY ending Mar 2026: 4.7%4.7%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segments without disclosed profit are drawn entirely as costs

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    訂正有価証券報告書－第203期(2025/04/01－2026/03/31)

    ID S100YU102026-08-07Open

  • EDINET (FSA Japan)

    有価証券報告書－第202期(2024/04/01－2025/03/31)

    ID S100VWDC2025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第201期(2023/04/01－2024/03/31)

    ID S100TOSU2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第200期(2022/04/01－2023/03/31)

    ID S100R4RQ2023-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第199期(令和3年4月1日－令和4年3月31日)

    ID S100O7VN2022-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第198期(令和2年4月1日－令和3年3月31日)

    ID S100LI2X2021-06-25Open

Extracted from XBRL: 41 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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