Kawasaki Heavy : Jul. 31, 2015 Flash Report for the First Quarter of the Fiscal Year Ending March 31, 2016 (Consolidated Basis)(PDF:164KB)

July 31, 2015

For three months ended June 30, 2015 and 2014 and one year ended March 31, 2015 (Consolidated)

Millions of yen Thousands of U.S. dollars

Three months ended Three months ended Three months ended

Jun. 30, 2015 Jun. 30, 2014 Jun. 30, 2015

Net sales 340,042 304,154 $ 2,776,306

Operating income 14,819 10,904 120,991

Profit attributable to owners of parent 7,492 5,416 61,169

Earnings per share (Yen) 4.4 3.2

Millions of yen / Thousand shares

Thousands of U.S. dollars

As of As of As of

Jun. 30, 2015 March. 31,2015 Jun. 30, 2015

Total assets 1,707,876 1,662,283 $ 13,944,121

Net assets 444,768 447,957 3,631,352

Number of shares issued and outstanding 1,670,604 1,670,613

Equity Ratio 25.1% 25.9%

Millions of yen

Thousands of U.S. dollars

Three months ended Three months ended Three months ended

Jun. 30, 2015 Jun. 30, 2014 Jun. 30, 2015

Operating activities (67,444) (38,067) $ (550,653) Investing activities (20,850) (11,747) (170,231) Financing activities 84,381 49,936 688,936

Cash and cash equivalents at end of term 42,865 40,033 349,975

Millions of yen

Net sales Operating income Profit attributable to owners of parent

One year ending March 31, 2016 1,650,000 102,000

69,000

- 1 -

(Consolidated)

Notes : 1. This "FLASH CONSOLIDATED FINANCIAL RESULTS" and following financial statements have been prepared in conformity with generally accepted accounting principles and practices in Japan.

2. All US$ amounts in these statements represent the arithmetical results of translating Japanese yen to U.S. dollars on the basis of ￥122.48=$1, the rate prevailing as of June 30, 2015, solely for the convenience of the readers.

- 2 -

(Consolidated)

As of June 30 and March 31, 2015

Assets :

Current assets :

Thousands of

Millions of yen U.S. dollars

As of As of As of

Jun. 30, 2015 Mar. 31, 2015 Jun. 30, 2015

Cash on hand and in banks 46,744 51,645 $ 381,645

Receivables, less allowance 432,427 436,831 3,530,592

Inventories 530,197 498,652 4,328,845

Other current assets 102,509 85,934 836,947

Total current assets 1,111,877 1,073,062 9,078,029

Investments and long-term loans less allowance 112,941 110,410 922,119
Net property, plant and equipment 425,105 420,554 3,470,811

Intangible and other assets 57,953 58,257 473,162

Total assets 1,707,876 1,662,283 $ 13,944,121

Liabilities and net assets :

Current liabilities :

Short-term borrowings

and current portion of long-term debt 239,117 142,614 $ 1,952,294

Payables 303,092 347,032 2,474,624

Advances from customers 180,109 171,607 1,470,517

Other current liabilities 155,931 163,371 1,273,115

Total current liabilities 878,249 824,624 7,170,550

Long-term liabilities :

Net assets :

Common stock 104,484 104,484 853,069

Capital surplus 54,393 54,393 444,096

Retained earnings 249,430 253,606 2,036,498

Treasury stock (73) (67) (596)

Net unrealized gains on securities 4,495 3,704 36,699

Gains (losses) on hedging items (1,950) (1,985) (15,920)

Foreign currency translation adjustments 25,333 25,179 206,833

Remeasurements of defined benefit plans (6,990) (7,318) (57,070)

Non-controlling interests 15,646 15,961 127,743

Total net assets 444,768 447,957 3,631,352

Total liabilities and net assets 1,707,876 1,662,283 $ 13,944,121

- 3 -

(Consolidated)

For three months ended June 30, 2015 and 2014

Thousands of

Millions of yen U.S. dollars

Three months ended Three months ended

Jun.30, 2015 Jun.30, 2014

％

Change

Three months ended

Jun.30, 2015

Net sales 340,042 304,154 +12% $ 2,776,306

Cost of sales 281,226 253,170 2,296,097
Gross profit 58,816 50,984 480,209

Selling, general and administrative expenses 43,997 40,080 359,218
Operating income 14,819 10,904 +36% 120,991

Other income (expenses) :

- 4 -

(Consolidated)

Information by reportable segment

External Intersegment

sales sales

Millions of yen Three months ended Jun.30,2014

Total

sales

Operating Operating

expenses income (loss)

Ship ＆ Offshore Structure 18,350 381 18,731 19,147 (416) Rolling Stock 30,464 144 30,608 30,596 12

Aerospace 65,403 653 66,056 59,782 6,274

Gas Turbine & Machinery 42,799 2,034 44,833 42,777 2,056

Plant & Infrastructure 21,053 3,430 24,483 24,908 (425) Motorcycle & Engine 64,892 163 65,055 64,792 263

Precision Machinery 30,634 3,159 33,793 30,943 2,850

Other 30,559 6,220 36,779 36,188 591

Total 304,154 16,184 320,338 309,133 11,205

Eliminations and corporate - (16,184) (16,184) (15,883) (301) Consolidated total 304,154 - 304,154 293,250 10,904

External Intersegment sales sales

Millions of yen Three months ended Jun.30,2015

Total

sales

Operating Operating expenses income (loss)

Ship ＆ Offshore Structure 23,484 684 24,168 24,759 (591) Rolling Stock 32,155 127 32,282 30,782 1,500

Aerospace 76,038 344 76,382 67,905 8,477

Gas Turbine & Machinery 51,970 3,310 55,280 51,661 3,619

Plant & Infrastructure 23,499 2,574 26,073 26,193 (120) Motorcycle & Engine 72,115 168 72,283 73,308 (1,025) Precision Machinery 29,985 3,270 33,255 31,386 1,869

Other 30,796 8,442 39,238 38,373 865

Total 340,042 18,919 358,961 344,367 14,594

Eliminations and corporate - (18,919) (18,919) (19,144) 225

Consolidated total 340,042 - 340,042 325,223 14,819

Thousands of U.S. dollars Three months ended Jun.30,2015

External Intersegment Total Operating Operating sales sales sales expenses income (loss)

Ship ＆ Offshore Structure $ 191,737 $ 5,585 $ 197,322 $ 202,147 $ (4,825) Rolling Stock 262,532 1,037 263,569 251,322 12,247

Aerospace 620,819 2,808 623,627 554,417 69,210

Gas Turbine & Machinery 424,314 27,025 451,339 421,791 29,548

Plant & Infrastructure 191,859 21,015 212,874 213,855 (981) Motorcycle & Engine 588,790 1,372 590,162 598,530 (8,368) Precision Machinery 244,815 26,699 271,514 256,254 15,260

Other 251,440 68,925 320,365 313,302 7,063

Total 2,776,306 154,466 2,930,772 2,811,618 119,154

Eliminations and corporate - (154,466) (154,466) (156,303) 1,837

Consolidated total $ 2,776,306 $ - $ 2,776,306 $ 2,655,315 $ 120,991

- 5 -

(Consolidated)

For three months ended June 30,2015 and 2014 and as of June 30 and March 31, 2015

Thousands of

Millions of yen U.S. dollars

Net sales :

Ship ＆ Offshore Structure 23,484 (7%) 18,350 (6%) +28% $ 191,737
Rolling Stock 32,155 (10%) 30,464 (10%) +6% 262,532
Aerospace 76,038 (22%) 65,403 (22%) +16% 620,819
Gas Turbine & Machinery 51,970 (15%) 42,799 (14%) +21% 424,314
Plant & Infrastructure 23,499 (7%) 21,053 (7%) +12% 191,859
Motorcycle & Engine 72,115 (21%) 64,892 (21%) +11% 588,790
Precision Machinery 29,985 (9%) 30,634 (10%) -2% 244,815
Other 30,796 (9%) 30,559 (10%) +1% 251,440

Total 340,042 (100%) 304,154 (100%) +12% $ 2,776,306

Orders :

Ship ＆ Offshore Structure 17,259 (5%) 14,586 (4%) +18% $ 140,912
Rolling Stock 46,976 (14%) 67,426 (20%) -30% 383,540
Aerospace 52,673 (15%) 41,983 (13%) +25% 430,053
Gas Turbine & Machinery 35,225 (10%) 43,261 (13%) -19% 287,597
Plant & Infrastructure 55,394 (16%) 35,275 (11%) +57% 452,269
Motorcycle & Engine 72,115 (21%) 64,892 (20%) +11% 588,790
Precision Machinery 31,130 (9%) 31,700 (9%) -2% 254,163
Other 32,951 (10%) 34,740 (10%) -5% 269,036

Total 343,723 (100%) 333,863 (100%) +3% $ 2,806,360

Order backlog :

Thousands of

Millions of yen U.S. dollars

As of As of % As of

Jun. 30, 2015 Mar. 31, 2015 Change Jun. 30, 2015

Ship ＆ Offshore Structure 260,407 (14%) 264,281 (15%) -1% $ 2,126,118
Rolling Stock 428,608 (23%) 405,999 (22%) +6% 3,499,412
Aerospace 484,663 (26%) 488,431 (27%) -1% 3,957,078
Gas Turbine & Machinery 323,275 (18%) 336,441 (19%) -4% 2,639,410
Plant & Infrastructure 290,129 (16%) 255,522 (14%) +14% 2,368,786
Motorcycle & Engine - ( - %) - ( - %) -% -
Precision Machinery 27,471 (1%) 26,325 (1%) +4% 224,289
Other 30,693 (2%) 28,534 (2%) +8% 250,599

Total 1,845,246 (100%) 1,805,533 (100%) +2% $ 15,065,692

For nine months ended December 31, 2014 and 2013

Thousands of

Millions of yen U.S. dollars

Three months ended Three months ended % Three months ended

Jun. 30, 2015 Jun. 30, 2014 Change Jun. 30, 2015

Japan 130,340 (39%) 120,208 (39%) +8% $ 1,064,173

United States 92,293 (27%) 73,408 (24%) +26% 753,535
Europe 34,597 (10%) 27,865 (9%) +24% 282,470
Asia 51,648 (15%) 58,021 (19%) -11% 421,685
Other 31,164 (9%) 24,652 (9%) +26% 254,443

Total 340,042 (100%) 304,154 (100%) +12% $ 2,776,306

- 6 -

distributed by