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Electronic Technology

Kawasaki Heavy Industries Ltd.

Business Summary

Kawasaki Heavy Industries, Ltd. engages in the manufacture of transportation equipment and industrial goods. It operates through the following segments: Aerospace system, Energy and Environmental Plant, Precision Machines and Robots, Ship Ocean, Vehicle, Motorcycle and engine, and Other. The Aerospace segment manufactures and sells aircrafts and Jet engine. The Energy and Environmental Plant segment engages in the manufacture and sale of industrial gas turbines, prime movers, industrial machinery, boilers, environmental equipment, steel structures, crushers. The Precision Machines and Robots segment engages in the manufacture and sale of hydraulic equipment and industrial robots. The Ship Ocean segment engages in the manufacture and sale of ships. The Vehicle segment engages in the sale and manufacture of railroad vehicle. The Motorcycle and engine segment engages in the manufacture and sale of motorcycles, four-wheeled buggy vehicles (ATV), versatile four-wheeled vehicles, personal watercraft (jet skis), general-purpose gasoline engines. The Other segment engages in the Brokerage and mediation of commerce, sales and orders. The company was founded by Shozo Kawasaki in April 1878 and is headquartered in Kobe, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit333,822M2,463.31M
Operating income81,511M601.47M
Income before tax67,035M494.65M
Net income53,029M391.30M
Diluted EPS316.632.33
Dividends Per Share900.66
Total Assets2,457.72B18,466.63M
Total liabilities1,860.84B13,981.88M
Total equity576,201M4,329.40M
Operating cash flow23,617M174.27M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,594.74B 1,641.33B 1,488.48B 1,500.87B 1,725.60B
Gross Profit 268,075M 270,526M 191,162M 253,264M 333,822M
Operating income 64,023M 62,063M -2,000M 42,130M 81,511M
Income before tax 37,861M 39,323M -14,688M 42,080M 67,035M
Net income 27,453M 18,662M -19,332M 12,638M 53,029M
EBITDA 123,045M 123,346M 59,258M 119,128M 158,885M
Diluted EPS 164.34 111.71 -115.73 75.51 316.63
Dividends Per Share 70 35 0 40 90
Total Assets 1,838.85B 1,957.84B 1,963.27B 2,174.63B 2,457.72B
Total liabilities 1,346.59B 1,486.28B 1,480.49B 1,649.73B 1,860.84B
Total equity 476,387M 455,628M 465,333M 505,484M 576,201M
Operating cash flow 109,762M -15,461M 34,601M 156,890M 23,617M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 14,380.70M 15,096.09M 14,034.71M 13,356.26M 12,733.48M
Gross Profit 2,417.38M 2,488.14M 1,802.43M 2,253.78M 2,463.31M
Operating income 577.33M 570.82M -18.85M 374.91M 601.47M
Income before tax 341.41M 361.67M -138.49M 374.46M 494.65M
Net income 247.55M 171.64M -182.27M 112.46M 391.30M
EBITDA 1,109.56M 1,134.46M 558.73M 1,060.11M 1,172.43M
Diluted EPS 1.48 1.02 -1.09 0.67 2.33
Dividends Per Share 0.63 0.32 0 0.35 0.66
Total Assets 16,613.40M 18,135.75M 17,767.20M 17,916.62M 18,466.63M
Total liabilities 12,165.96M 13,767.58M 13,398.16M 13,592.05M 13,981.88M
Total equity 4,303.98M 4,220.53M 4,211.15M 4,164.64M 4,329.40M
Operating cash flow 989.78M -142.20M 326.24M 1,396.15M 174.27M

Valuation Measures

Mar 2023
Operating margin4.72%
Profit margin3.07%


  • Director, GM-Technology & Development: Hiroshi Nakatani
  • Representative Director & Executive Vice President: Yasuhiko Hashimoto
  • Representative Director & Head-Investor Relations: Katsuya Yamamoto
  • Senior Managing Executive Officer: Tatsuya Watanabe
  • Senior Managing Executive Officer: Hiroyoshi Shimokawa


  • Nomura Asset Management Co., Ltd. (4.5%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.3%)
  • Nikko Asset Management Co., Ltd. (4.0%)
  • Nippon Life Insurance Co. (3.4%)
  • Kawasaki Heavy Industries Employee Stock Ownership Plan (3.1%)
  • The Vanguard Group, Inc. (2.8%)
  • Asset Management One Co., Ltd. (2.5%)
  • Kawasaki Heavy Kyoeikai Business Association (2.4%)
  • AllianceBernstein LP (2.2%)
  • Mizuho Financial Group, Inc. (1.8%)

Contact Details

  • Website:
  • Address: Kobe Crystal Tower, 1-1-3 Higashikawasaki-cho, Kobe, 650-8680, Japan
  • Phone: +81.78.371.9530

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Last Updated on 22 Sep, 2023

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