Kawasaki Heavy Industries
7012.TLOWScore: 37.1Industrial Robots / Humanoid · Weight: 3%· Data as of 2026-04-16
¥3,151-2.05%
6-month dailyInvestment Thesis
Defense rerate story with robotics option. Japan defense budget doubling to ¥10T+ by FY2027. Kaleido humanoid (fire/rescue/heavy labor) is most advanced Japanese humanoid. Also makes submarines, aircraft. +162% 52W.
Risk
GPT FINDING: This is NOT a robotics pure-play. Precision Machinery & Robot is one segment inside a wider conglomerate. Defense rerating is real but Kaleido humanoid commercialization is early-stage. Score too generous if basket is meant to be robotics, not defense-conglomerate.
Monitoring Trigger
Japan defense supplemental budget. Kaleido commercial deployment contracts. Boeing production rate increases.
Key Dates
2026-05-12earningsEarnings announcement for Kawasaki Heavy Industries
2026-05-12monitoringJapan defense supplemental budget. Kaleido commercial deployment contracts. Boeing production rate i
2026-06-30rebalanceSemiannual portfolio rebalance
Key Metrics
25.35
PE
31.65
Fwd PE
3.23
P/B
N/A
ROE
5.3%
Op Margin
119%
D/E
0.9%
Div Yield
+¥46.9B
FCF
¥2.78T
Mkt Cap
Business Segments
| Segment | Revenue | Share | Description |
|---|---|---|---|
| Aerospace Systems | ¥627B | 28% | Boeing substructures, defense aircraft |
| Energy & Marine | ¥456B | 20% | LNG ships, submarines, hydrogen |
| Precision Machinery & Robot | ¥251B | 11% | Kawasaki Robotics, Kaleido humanoid |
| Defense | ¥365B | 16% | P-1 patrol, submarines |
| Powersports | ¥365B | 16% | Motorcycles, jet ski |
| Rolling Stock | ¥205B | 9% | Trains |
Supply Chain Evidence
| Evidence | Customer | Product | Detail |
|---|---|---|---|
| confirmed | Boeing | Fuselage sections | Long-standing substructure supplier |
| confirmed | Japan MOD | P-1 patrol aircraft, submarines | Primary defense contractor |
| probable | Auto/food/pharma OEMs | Industrial robots | Welding, painting, palletizing |