Source disclosure: February 09, 2026
Kawasaki Heavy Industries,Ltd. [7012.T]
TOKYO, Feb 9 (Pulse News Wire) -- Kawasaki Heavy Industries, Ltd. (7012.T), announced on Thursday that its board of directors, chaired by President and Executive Officer Kyoichi Hashimoto, has decided to revise its shareholder return policy and increase its projected year-end dividend for the fiscal year ending March 2026. The revised policy aims to provide more stable dividends to shareholders who hold the company's stock over the long term.
The company stated that it had previously aimed to generate returns exceeding capital costs sustainably as part of its core business strategy. This approach was designed to enhance long-term shareholder value while maintaining steady dividend payments, based on a target payout ratio of 30% of consolidated earnings per share. However, recognizing the need to further solidify its shareholder return initiatives, Kawasaki Heavy Industries will now adopt a new metric called the Dividend Outflow to Equity (DOE) rate of 4%, which is less susceptible to fluctuations in annual performance.
Effective from the end of March 2026, the revised policy emphasizes strategic investments geared towards sustainable growth and enhanced long-term shareholder value. Going forward, Kawasaki Heavy Industries plans to implement shareholder returns guided by the DOE rate of 4%.
In addition to these changes, the company also announced an upward revision to its projected year-end dividend. The adjusted forecast stands at ¥91 per share, marking a ¥16 increase from the previous estimate disclosed on May 9, 2025. Under this new plan, the quarterly dividend distribution would be structured as follows: no interim dividend in the first quarter, followed by ¥91 per share in the second quarter, and a total annual dividend of ¥166 per share including the year-end dividend.
Kawasaki Heavy Industries clarified that the actual implementation of the increased year-end dividend for the fiscal year ending March 2026 remains contingent upon approval during the upcoming 203rd Ordinary General Meeting of Shareholders scheduled for June 2026.
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