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Latest Tokyo Brief coverage on Kawasaki Heavy Industries,Ltd., tracking filings, financial news, and market signals from Japan.
TSE:7012
A weaker yen and an ¥8bn US tariff refund pushed Kawasaki Heavy's quarterly business profit up 74% to ¥35.8bn, and the industrial group followed with a ¥93.4bn share sale and two convertible bond issues to fund hydrogen supply chains and factory upgrades.
Kawasaki Heavy priced 37.35 million new shares at ¥2,609 each for ¥92.5bn net, earmarked by March 2029 for robotics-fitted plants making aircraft engines, gas turbines, semiconductor robots and hydrogen-carrier ships, alongside a separate ¥50bn zero-coupon convertible bond due 2031.
Kawasaki Heavy Industries has approved an overseas common-share offering and two euro-yen convertible bond tranches for foreign markets, but the filing excerpts leave the size and pricing terms unresolved.
The move: Kawasaki Heavy will sell 37.35mn shares overseas for factory expansion and issue ¥101bn of euro-yen convertibles, including what it calls the first transition CB, for physical AI and a liquefied-hydrogen chain.