Communication with Shareholders and Investors (FY2025)
Kawasaki actively discloses information to shareholders and investors, and strives to promote constructive dialogue through the General Meeting of Shareholders, Conferences on Financial Results, and individual meetings.
The feedback from shareholders and investors gathered through these dialogues is reported to the Board of Directors, as well as to management which includes the Representative Director, President and Chief Executive Officer (hereinafter referred to as the “President”), and is reflected in improvement of management and IR activities.
Dialogue system
Dialogue with shareholders and investors is overseen by the President, with the Representative Director, Senior Corporate Executive Officer (who is Assistant to the President, Chief Financial Officer, and also oversees areas such as Corporate Communication; hereinafter referred to as the “Senior Corporate Executive Officer”).
Under the supervision of the Executive Officer in charge of the Corporate Communication Group, the IR Department of the same Group takes the lead regarding specific measures. When necessary, they collaborate and consult with the Corporate Planning Department, the Sustainability Department, and other related business divisions.
At the individual meetings, individuals are classified into a three-tiered system based on internal regulations (such as the number of shares held and investment attributes), depending on which the President, Senior Corporate Executive Officer, or the Investor Relations Department shall attend the meeting as Kawasaki’s representatives.
In addition, we strictly adhere to our disclosure policy regarding information disclosure and dialogue from the perspective of fair disclosure and the prevention of insider trading, including measures such as placing restrictions on the timing of meetings.
Results of Dialogue (FY2025)
| Actual results | Target | main explainer | Summary | |
|---|---|---|---|---|
| General Meeting of Shareholders | Once | Shareholders | President, Directors and Executive Officers |
Explanation of medium- to long-term management policies, in addition to matters determined by law etc. |
| Conferences on financial results | Four times | Institutional investors, securities analysts and members of the press |
President and Senior Corporate Executive Officer | In the year-end financial results, the President and Senior Corporate Executive Officer explained the actual results and full-year outlook. In other cases such as quarterly financial results, the Senior Corporate Executive Officer explained the actual results |
| President small meeting | Once | Institutional investors and securities analysts | President | Q&A session regarding management policies, etc. |
| Outside Directors small meeting | Once | Institutional investors and securities analysts | Outside Directors (some members) | Explanation through dialogue on management policies, ESG initiatives, the Company's response to misconduct cases, and evaluation and recommendations regarding measures to prevent recurrence. |
| Individual meetings | 549 cases | Institutional investors and securities analysts | Investor Relations Department and others | Include theme-specific dialogue |
| Business briefing/factory tour | Four cases | Institutional investors and securities analysts | Investor Relations Department and head of related departments | Conducted at factories and offices, focusing on specific projects and themes |
| Conference in Japan and overseas organized by securities companies | Nine times | Institutional investors | Senior Corporate Executive Officer and Investor Relations Department | Met with multiple institutional investors at a single conference |
| Overseas IR | Twice | Institutional investors | Senior Corporate Executive Officer | Met with multiple institutional investors in Europe and North America |
| Individual meetings (SR) | 37 cases | Shareholders (Persons in charge of exercising voting rights of institutional investors, etc.) | Investor Relations Department and head of related departments | As part of Shareholder Relations (SR) and in response to the stewardship codes of institutional investors, we focused on explanations and dialogue regarding cases of misconduct in FY2025 |
| Other events | Twice | Shareholders (Individuals) | Investor Relations Department and head of related departments | Held an "Online Tour of Expo 2025 Osaka, Kansai" and "Robots × Mystery-Solving: The Secrets of Kawasaki Heavy Industries and Its Robotic Arms – The 100 Keys Challenge" for individual shareholders |
* For details on events for individual shareholders, please refer to the link below.
https://www.khi.co.jp/ir/private/guidance/ (in Japanese)
Main themes of the dialogue
In dialogues with shareholders and investors, Kawasaki selects themes of high interest to shareholders and investors, focusing on the key areas and various initiatives outlined in the Group Vision 2030.
| Management strategy |
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| Individual business |
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| Performance |
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| Shareholder returns and stock prices |
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| Sustainability |
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| Misconduct |
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Feedback to management
We provide timely and appropriate feedback to management by regularly (three to four times a year) presenting insights gained from dialogues and other interactions to the Board of Directors.
| Number of times | Contents | |
|---|---|---|
| Report to the Board of Directors | Three to four times/year | We report the following content approximately once every quarter:
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| Report to Executive Officers Committee | Twice/year | We report and exchange opinions on the following content:
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| Regular monthly report to the President | Once/month | We attend meetings with management, including the President, to report on important IR matters. Additionally, when necessary, we present the Investor Relations Department’s perspective on other agenda items and engage in discussions |
| IR weekly report | Once/week | We provide the President, Senior Corporate Executive Officer, and other members of management with market analysis and report on IR activities |
| Other | - | We provide timely reports as needed on matters such as shareholder composition and trends in shareholding by institutional investors |
Results from dialogue
We provide feedback on the insights and discussions gained through dialogue into the Company’s management plans and incorporate them as necessary, enabling us to formulate highly accurate performance forecasts and effective medium- to long-term strategies.
Additionally, to be more beneficial for both shareholders and investors and the Company, we continuously work on improving the presentation of financial results explanatory materials and selection of KPIs.
For example, in FY2025, we undertook the following initiatives:
- ➤To help prevent misconduct from happening again, would it be effective to introduce a clawback provision (a system that requires executives to return their compensation)? We would like the Company to consider this.
- → In November 2025, we introduced a system that requires executives to return their compensation (the "Executive Compensation Clawback Rules"). This system covers not only inside Directors, but also Executive Officers and Outside Directors. Through this, we aim to further raise compliance awareness across the Company.
- ➤The Company's dividend payments have been unstable, partly because of one-time losses in the past. When dividends are unstable, it is hard for us to hold shares for the long term
- → In February 2026, we revised our shareholder return policy. To provide more stable dividends to shareholders who hold Kawasaki shares for the long term and to further improve shareholder returns, we introduced a new indicator: a 4% dividend on equity ratio (DOE), which is less affected by a single year's performance.
- ➤The price of one trading unit is too high, so it is hard for individual investors to buy our shares. We would like the Company to consider a stock split.
- →We received many similar requests from individual investors. To make it easier to invest in our shares and to grow our investor base, we carried out a five-for-one stock split of common shares on April 1, 2026..
Other shareholders and investors assessments
We are actively engaged in sustainability activities. As a result, we have been selected for many ESG stock indices, including "DJ BIC World," for which we were first chosen in 2024 and selected again in April 2026.
For more information, please refer to the link below.
https://global.kawasaki.com/en/corp/sustainability/esg/evaluation.html
Contact
If you need more information about our business,
please feel free to contact us.
