Disclosure Policy

Ⅰ.Disclosure Standards

Kawasaki Heavy Industries, Ltd.(hereinafter “KHI”) strives to disclose its corporate information in a timely and proper manner in accordance with the Financial Instruments and Exchange Law and all other applicable laws, as well as the rules on timely disclosure provided for by the stock exchanges, on which KHI is listed (hereinafter “Timely Disclosure Rules”). KHI also fairly and promptly discloses material information that is considered as influential to investment judgment even in the case where the information is out of the scope of the legal requirements and Timely Disclosure Rules.


Ⅱ.Information Disclosure Methods

KHI discloses the information required by Timely Disclosure Rules through TDnet (Timely Disclosure network) provided by the Tokyo Stock Exchange and also endeavors to disseminate the information which is out of the scope of Timely Disclosure Rules as fairly and widely as possible through proper means.


Ⅲ.Quiet Period (Closed Window Period)

KHI has set up a quiet period for approximately three weeks prior to the announcement of its financial results for every quarter to prevent the leakage of earnings information and thus ensure fairness. During the quiet period, KHI refrains from answering questions or making other comments pertaining to its financial results. However, when KHI determines that its latest projections for the financial results will differ from the earlier projections and has to revise them in accordance with the Timely Disclosure Rules, KHI will promptly announce the revised projections.


Ⅳ.Forward-looking Statements

In its disclosures, KHI may make statements that constitute forward-looking statements that reflect management’s views with respect to certain future events and financial performance. Such statements are based on information available at the time of disclosure and are subject to various risks and uncertainties. Accordingly, actual results may differ materially from the projections contained in these forward-looking statements, owing to various material factors that relate to changes in economic conditions, foreign currency exchange rates, tax rules, regulations and other factors.


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