# Kawasaki Heavy Industries vs Mitsubishi Heavy Industries vs Mitsui E&S vs Namura Shipbuilding

> Unit: JPY millions (ratios in %)
> Periods: Kawasaki Heavy Industries = FY ending Mar 2026, consolidated, IFRS / Mitsubishi Heavy Industries = FY ending Mar 2026, consolidated, IFRS / Mitsui E&S = FY ending Mar 2026, consolidated, J-GAAP / Namura Shipbuilding = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-10-01T00:02:08.772Z

| Metric | Kawasaki Heavy Industries | Mitsubishi Heavy Industries | Mitsui E&S | Namura Shipbuilding |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,311,267 | 4,974,168 | 353,196 | 159,035 |
| Operating income | — | — | 37,641 | 28,085 |
| Net income | 108,157 | 332,129 | 38,456 | 21,590 |
| COGS ratio | 80.3% | 78.2% | 80.3% | 77.3% |
| Operating margin | — | — | 10.7% | 17.7% |
| Net margin | 4.7% | 6.7% | 10.9% | 13.6% |
| FCF margin | 1.0% | 15.3% | 5.5% | 20.1% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YU10 | S100YHZG | S100YKIO | S100YEFT |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Kawasaki Heavy Industries | Mitsubishi Heavy Industries | Mitsui E&S | Namura Shipbuilding |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | — | 22.7 (11 peers) | 6.3 (8 peers) | 81.3 (8 peers) |
| Profitability | — | — | 61.1 (9 peers) | 83.3 (9 peers) |
| Cash conversion | — | — | 43.8 (8 peers) | 81.3 (8 peers) |
| Efficiency | — | 73.1 (13 peers) | 38.9 (9 peers) | 27.8 (9 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/kawasaki-heavy-industries/md
- https://vizora.meequs.com/en/company/mitsubishi-heavy-industries/md
- https://vizora.meequs.com/en/company/mitsui-e-and-s/md
- https://vizora.meequs.com/en/company/namura-shipbuilding/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).