Key Developments: Kawasaki Heavy Industries Ltd (7012.T)

7012.T on Tokyo Stock Exchange

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¥368
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8,897,000
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Latest Key Developments (Source: Significant Developments)

Kawasaki Heavy Industries Ltd Announces Changes of President
Thursday, 13 Jun 2013 07:15am EDT 

Kawasaki Heavy Industries Ltd announced that it has appointed Mr. Shigeru Murayama to replace Mr. Satoshi Hasegawa as President of the Company, effective June 13, 2013.  Full Article

Kawasaki Heavy Industries Ltd Announces Order Received for the Newly Developed LNG Carrier -- MorningStar Japan
Tuesday, 4 Jun 2013 08:00pm EDT 

MorningStar Japan reported that Kawasaki Heavy Industries Ltd announced that it has signed a shipbuilding contract with Kawasaki Kisen Kaisha, Ltd. for one 182,000 -cubic meter type LNG carrier. The vessel is to be built at Kawasaki's Sakaide Shipyard and is slated for completion in October 2016. Once completed, the vessel is scheduled to be used to transport LNG that the CPC Corporation, Taiwan will purchase from the Ichthys LNG Project in Australia, which is led by INPEX CORPORATION.  Full Article

Wisdom Marine Lines Co Ltd's Subsidiary to Order Ships from Namura Shipbuilding Co., Ltd. and Kawasaki Heavy Industries Ltd
Tuesday, 23 Apr 2013 06:47am EDT 

Wisdom Marine Lines Co Ltd announced that its subsidiary, Wisdom Marine Lines S.A., plans to order two 34,000 tons bulk carrier from Namura Shipbuilding Co., Ltd. at approximately USD 23 million each, and one 55,000 tons bulk carrier from Kawasaki Heavy Industries Ltd at approximately USD 27 million.  Full Article

Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd To Start Merger Talks-Reuters
Sunday, 21 Apr 2013 10:41pm EDT 

Reuters reported that Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd will begin talks on a possible merger, although as it is unclear whether the two Japanese heavy machinery makers can overcome internal reticence about a union. The companies have sought out financial advisors to help with a merger, without formally appointing any. At the earliest a merger could happen during the next business year from April 1, 2014.  Full Article

Kawasaki Heavy Industries Ltd Announces Appeal of Lawsuit-Yomiuri Shimbun
Tuesday, 16 Apr 2013 08:00pm EDT 

Yomiuri Shimbun reported that Hitachi Zosen Corp, TAKUMA CO LTD, Kawasaki Heavy Industries Ltd and Mitsubishi Heavy Industries Ltd have filed an appeal against a sentence for a lawsuit, which was filed by Atami City against five companies including the four companies, claiming compensation of approximately JPY 511.90 million for unjust contract price on waste treatment facility construction works. According the sentence by Tokyo High Court, the five companies were requested to pay a compensation of JPY 315 million.  Full Article

PT Wijaya Karya (Persero) Tbk And Kawasaki Heavy Industries Ltd Secure Contract From PT Aneka Tambang (Persero) Tbk-The Jakarta Post
Thursday, 7 Feb 2013 07:00pm EST 

The Jakarta Post reported that PT Aneka Tambang (Persero) Tbk has signed a USD 102 million contract with Kawasaki Heavy Industries Ltd. and PT Wijaya Karya (Persero) Tbk to develop a ferronickel plant. The consortium of Kawasaki and Wijaya Karya has secured a contract to provide engineering, procurement and construction (EPC) services to develop Company's existing line-4 ferronickel plant, part of the miner's expansion plans in Pomalaa, Southeast Sulawesi. The line-4 development is expected to be completed within 27 months.  Full Article

Kawasaki Heavy Industries Ltd Announces Retirement of Chairman of the Board
Wednesday, 30 Jan 2013 11:00pm EST 

Kawasaki Heavy Industries Ltd announced that its Chairman of the Board, Tadaharu Ohashi will retire from the position effective June 2013.  Full Article

Kawasaki Heavy Industries Ltd Lowers Full-year Consolidated Outlook for FY 2013
Tuesday, 30 Oct 2012 10:00pm EDT 

Kawasaki Heavy Industries Ltd announced that it has lowered its full-year consolidated outlook for revenue from JPY 1,380,000 million to JPY 1,300,000 million, operating profit from JPY 52,000 million to JPY 36,000 million, ordinary profit from JPY 56,000 million to JPY 50,000 million, net profit from JPY 34,000 million to JPY 30,000 million, and earnings per share from JPY 20.33 to JPY 17.94, for the fiscal year ending March 31, 2013.  Full Article

R&I Affirms Kawasaki Heavy Industries, Ltd.'s Rating at "A-"; Rating Outlook Negative
Tuesday, 2 Oct 2012 02:00am EDT 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Kawasaki Heavy Industries, Ltd. at "A-". The rating outlook is negative.  Full Article

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Japan relaxes arms export regime to fortify defense

TOKYO - Japan eased its weapons export restrictions on Tuesday in the first major overhaul of arms transfer policy in nearly half a century, as Prime Minister Shinzo Abe seeks to fortify ties with allies and bolster the domestic defense industry.

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