Ofces Kawasaki Heavy Industries, Ltd. Tokyo Head Ofce 1-14-5, Kaigan, Minato-ku, Tokyo 105-8315, Japan Tel. +81-3-3435-2111 / Fax. +81-3-3436-3037 Kobe Head Ofce Kobe Crystal Tower, 1-1-3, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8680, Japan Tel. +81-78-371-9530 / Fax. +81-78-371-9568 Taipei Ofce 15F, Fu-key Bldg., 99 Jen-Ai Road, Section 2, Taipei, Taiwan Tel. +886-2-2322-1752 / Fax. +886-2-2322-5009 Kawasaki Heavy Industries 60 East 42nd Street, Suite 2501, New York, NY 10165 U.S.A. (U.S.A.), Inc. Tel. +1-917-475-1195 / Fax. +1-917-475-1392 Kawasaki do Brasil Indústria Avenida Paulista, 542-6 Andar, Bela Vista, 01310-000, e Comércio Ltda. São Paulo, S.P., Brazil Tel. +55-11-3289-2388 / Fax. +55-11-3289-2788 Kawasaki Heavy Industries 4th Floor, 3 St. Helen's Place, London EC3A 6AB, U.K. (U.K.) Ltd. Tel. +44-20-7588-5222 / Fax. +44-20-7588-5333 Kawasaki Heavy Industries Dubai Airport Free Zone, Bldg. 6W, Block-A, Ofœce Middle East FZE No.709 P.O. Box 54878, Dubai, UAE Tel. +971-4-214-6730 / Fax. +971-4-214-6729 Kawasaki Heavy Industries Room No : 1777, ITC Maurya, Sardar Patel Marg, (India) Pvt. Ltd. Diplomatic Enclave, New Delhi : -110021, India Tel. +91-11-4358-3531 / Fax. +91-11-4358-3532 Kawasaki Heavy Industries 6 Battery Road, #23-01, Singapore 049909 (Singapore) Pte. Ltd. Tel. +65-6225-5133 / Fax. +65-6224-9029 Kawasaki Heavy Industries 28th FL, Sathorn Square Ofœce Tower, 98 North Sathorn (Thailand) Co., Ltd. Road Silom, Bangrak, Bangkok 10500, Thailand Tel. +66-2-163-2839 / Fax. +66-2-163-2841 Kawasaki Heavy Industries 10F, Chong Hing Finance Center, 288 Nanjing Road West, Management (Shanghai), Ltd. Huangpu District, Shanghai 200003, People's Republic of China Tel. +86-21-3366-3100 / Fax. +86-21-3366-3108 Kawasaki Heavy Industries Ofœce 1803 (18th Floor), Entrance 3, Krasnopresnenskaya Russia LLC nab.12, 123610, Moscow, Russian Federation Tel. +7-495-258-2115 / Fax. +7-495-258-2116 A Guide to Kawasaki Group

Works global.kawasaki.com Gifu Works 1, Kawasaki-cho, Kakamigahara, Gifu 504-8710, Japan Tel. +81-58-382-5712 / Fax. +81-58-382-2981 Nagoya Works 1 3-20-3, Kusunoki, Yatomi, Aichi 498-0066, Japan Tel. +81-567-68-5117 / Fax. +81-567-68-5161 Nagoya Works 2 7-4, Kanaoka, Tobishima-mura, Ama-gun, Aichi 490-1445, Japan Tel. +81-567-68-5117 / Fax. +81-567-68-5161 Kobe Works 3-1-1, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8670, Japan Tel. +81-78-682-5001 / Fax. +81-78-682-5503 Hyogo Works 2-1-18, Wadayama-dori, Hyogo-ku, Kobe, Hyogo 652-0884, Japan Tel. +81-78-682-3111 / Fax. +81-78-671-5784 Seishin Works 2-8-1, Takatsukadai, Nishi-ku, Kobe, Hyogo 651-2271, Japan Tel. +81-78-992-1911 / Fax. +81-78-992-1910 Nishi-Kobe Works 234, Matsumoto, Hazetani-cho, Nishi-ku, Kobe, Hyogo 651-2239, Japan Tel. +81-78-991-1133 / Fax. +81-78-991-3186 Akashi Works 1-1, Kawasaki-cho, Akashi, Hyogo 673-8666, Japan Tel. +81-78-921-1301 / Fax. +81-78-924-8654 Kakogawa Works 170, Yamanoue Mukohara, Hiraoka-cho, Kakogawa, Hyogo 675-0112, Japan Tel. +81-79-427-0292 / Fax. +81-79-427-0556 Harima Works 8, Niijima, Harima-cho, Kako-gun, Hyogo 675-0180, Japan Tel. +81-79-435-2131 / Fax. +81-79-435-2132 Sakaide Works 1, Kawasaki-cho, Sakaide, Kagawa 762-8507, Japan Tel. +81-877-46-1111 / Fax. +81-877-46-7006

, Cat. No. 1A0285 Aug. 19 F Company Prole & Executives Consolidated Financial Highlights

Company Prole Company Name Kawasaki Heavy Industries, Ltd. Net Sales Orders Received, Order Backlog Head Ofces Registered Ofce 3-1-1, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8670, Japan Years ended March 31 Years ended March 31 Tokyo Head Ofce 1-14-5, Kaigan, Minato-ku, Tokyo 105-8315, Japan Kobe Head Ofce Kobe Crystal Tower, 1-1-3, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8680, Japan ( Billion yen ) ( Billion yen ) Orders received Order backlog Founded April 1878 2,000 2,000 1,805.5 1,749.7 1,763.0 Incorporated October 15, 1896 1,925.9 1,761.8 Representative Director 1,594.7 Yoshinori Kanehana 1,541.0 1,574.2 1,712.9 1,693.6 President and Chief Executive Ofcer 1,486.1 1,518.8 1,500 1,500 1,608.0 1,585.9 Paid-in Capital ¥104,484 million (as of March 31, 2019) 1,348.7 Number of Employees 35,691 (consolidated)(as of March 31, 2019) Number of Consolidated Subsidiaries 95 (as of April 30, 2019) Main Production Bases 18 in Japan, 21 overseas (consolidated)(as of July 1, 2019) 1,000 1,000

Directors, Audit & Supervisory Board Members and Executive Ofcers Directors as of July 1, 2019 500 500 Chairman of the Board Shigeru Murayama Representative Director Yoshinori Kanehana President and Chief Executive Ofcer Representative Directors Kenji Tomida Assistant to the President 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Vice Presidents and Senior Executive Ofcers Sukeyuki Namiki Assistant to the President Directors Tatsuya Watanabe President, Energy System & Plant Engineering Company Managing Executive Ofcers Katsuya Yamamoto General Manager, Corporate Planning Division Yasuhiko Hashimoto President, Precision Machinery & Robot Company Operating Income, Net Income Attributable to Owners of Parent Total Assets, Net Assets Hiroyoshi Shimokawa President, Aerospace Systems Company Years ended March 31 Years ended March 31 Net income attributable to Outside Directors Michio Yoneda Operating income ( Billion yen ) owners of parent ( Billion yen ) Total assets Net assets Yoshiaki Tamura 100 95.9 2,000 Jenifer Rogers 90 87.2 1,800 1,662.2 1,687.3 1,838.8 Audit & Supervisory Board Members 1,620.4 1,785.0 80 1,600 Audit & Supervisory Board Members Katsuyoshi Fukuma 70 1,400 Akio Nekoshima 64.0 Outside Audit & Supervisory Board Satoru Kohdera 60 55.9 1,200 51.6 Members Atsuko Ishii 50 46.0 45.9 1,000 Ryoichi Saito 40 800 Executive Ofcers 28.9 30 27.4 600 26.2 481.3 492.2 Managing Executive Ofcers Ikuhiro Narimatsu Senior Manager, Risk Management Ofce 447.9 445.6 451.3 20 400 Yoshinori Mochida President, Ship & Offshore Structure Company Takeshi Ohata Vice President, Energy System & Plant Engineering Company 10 200

Kazutoshi Honkawa President, Rolling Stock Company 0 0 Hiroshi Nakatani General Manager, Corporate Technology Division 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Yuji Horiuchi President, Motorcycle & Engine Company Executive Ofcers Eiichi Harada Deputy General Manager, Corporate Technology Division Yoshihiro Uetake Vice President, Aerospace Systems Company R&D Expenses Number of Employees Ichiro Kono Vice President, Ship & Offshore Structure Company Years ended March 31 Years ended March 31 Akihisa Yamamoto Energy System & Plant Engineering Company Akira Matsufuji Vice President, Rolling Stock Company ( Billion yen ) (Persons) 48.7 Mitsumasa Sato Vice President, Aerospace Systems Company 50 40,000 45.4 35,471 35,805 35,691 Makoto Shiota General Manager, Marketing Division 43.6 43.6 34,605 35,127 41.6 Keigo Imamura General Manager, Planning & Control Division, Ship & Offshore Structure Company 40 Nobuhisa Kato General Manager, Finance & Control Division 30,000 Hidehiko Shimamura General Manager, Precision Machinery Business Division , Precision Machinery & Robot Company Shinji Fujita General Manager, Robot Business Division, Precision Machinery & Robot Company 30 General Manager, Human Resources Division Kouzou Tomiyama 20,000 Hiroshi Ito General Manager, Planning Division, Motorcycle & Engine Company 20 Yu Koshiyama General Manager, Commercial Engine Project Division, Aerospace Systems Company Hiroshi Murao Rolling Stock Company 10,000 Osamu Kobayashi General Manager, Commercial Engine Project Division, Aerospace Systems Company 10 Akiyoshi Saiki Deputy General Manager, Corporate Technology Division Naoki Murakami Senior Manager, Energy System Division, Energy System & Plant Engineering Company Motohisa Amako Energy System & Plant Engineering Company 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019

1 2 Company Prole & Executives Consolidated Financial Highlights

Company Prole Company Name Kawasaki Heavy Industries, Ltd. Net Sales Orders Received, Order Backlog Head Ofces Registered Ofce 3-1-1, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8670, Japan Years ended March 31 Years ended March 31 Tokyo Head Ofce 1-14-5, Kaigan, Minato-ku, Tokyo 105-8315, Japan Kobe Head Ofce Kobe Crystal Tower, 1-1-3, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8680, Japan ( Billion yen ) ( Billion yen ) Orders received Order backlog Founded April 1878 2,000 2,000 1,805.5 1,749.7 1,763.0 Incorporated October 15, 1896 1,925.9 1,761.8 Representative Director 1,594.7 Yoshinori Kanehana 1,541.0 1,574.2 1,712.9 1,693.6 President and Chief Executive Ofcer 1,486.1 1,518.8 1,500 1,500 1,608.0 1,585.9 Paid-in Capital ¥104,484 million (as of March 31, 2019) 1,348.7 Number of Employees 35,691 (consolidated)(as of March 31, 2019) Number of Consolidated Subsidiaries 95 (as of April 30, 2019) Main Production Bases 18 in Japan, 21 overseas (consolidated)(as of July 1, 2019) 1,000 1,000

Directors, Audit & Supervisory Board Members and Executive Ofcers Directors as of July 1, 2019 500 500 Chairman of the Board Shigeru Murayama Representative Director Yoshinori Kanehana President and Chief Executive Ofcer Representative Directors Kenji Tomida Assistant to the President 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Vice Presidents and Senior Executive Ofcers Sukeyuki Namiki Assistant to the President Directors Tatsuya Watanabe President, Energy System & Plant Engineering Company Managing Executive Ofcers Katsuya Yamamoto General Manager, Corporate Planning Division Yasuhiko Hashimoto President, Precision Machinery & Robot Company Operating Income, Net Income Attributable to Owners of Parent Total Assets, Net Assets Hiroyoshi Shimokawa President, Aerospace Systems Company Years ended March 31 Years ended March 31 Net income attributable to Outside Directors Michio Yoneda Operating income ( Billion yen ) owners of parent ( Billion yen ) Total assets Net assets Yoshiaki Tamura 100 95.9 2,000 Jenifer Rogers 90 87.2 1,800 1,662.2 1,687.3 1,838.8 Audit & Supervisory Board Members 1,620.4 1,785.0 80 1,600 Audit & Supervisory Board Members Katsuyoshi Fukuma 70 1,400 Akio Nekoshima 64.0 Outside Audit & Supervisory Board Satoru Kohdera 60 55.9 1,200 51.6 Members Atsuko Ishii 50 46.0 45.9 1,000 Ryoichi Saito 40 800 Executive Ofcers 28.9 30 27.4 600 26.2 481.3 492.2 Managing Executive Ofcers Ikuhiro Narimatsu Senior Manager, Risk Management Ofce 447.9 445.6 451.3 20 400 Yoshinori Mochida President, Ship & Offshore Structure Company Takeshi Ohata Vice President, Energy System & Plant Engineering Company 10 200

Kazutoshi Honkawa President, Rolling Stock Company 0 0 Hiroshi Nakatani General Manager, Corporate Technology Division 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Yuji Horiuchi President, Motorcycle & Engine Company Executive Ofcers Eiichi Harada Deputy General Manager, Corporate Technology Division Yoshihiro Uetake Vice President, Aerospace Systems Company R&D Expenses Number of Employees Ichiro Kono Vice President, Ship & Offshore Structure Company Years ended March 31 Years ended March 31 Akihisa Yamamoto Energy System & Plant Engineering Company Akira Matsufuji Vice President, Rolling Stock Company ( Billion yen ) (Persons) 48.7 Mitsumasa Sato Vice President, Aerospace Systems Company 50 40,000 45.4 35,471 35,805 35,691 Makoto Shiota General Manager, Marketing Division 43.6 43.6 34,605 35,127 41.6 Keigo Imamura General Manager, Planning & Control Division, Ship & Offshore Structure Company 40 Nobuhisa Kato General Manager, Finance & Control Division 30,000 Hidehiko Shimamura General Manager, Precision Machinery Business Division , Precision Machinery & Robot Company Shinji Fujita General Manager, Robot Business Division, Precision Machinery & Robot Company 30 General Manager, Human Resources Division Kouzou Tomiyama 20,000 Hiroshi Ito General Manager, Planning Division, Motorcycle & Engine Company 20 Yu Koshiyama General Manager, Commercial Engine Project Division, Aerospace Systems Company Hiroshi Murao Rolling Stock Company 10,000 Osamu Kobayashi General Manager, Commercial Engine Project Division, Aerospace Systems Company 10 Akiyoshi Saiki Deputy General Manager, Corporate Technology Division Naoki Murakami Senior Manager, Energy System Division, Energy System & Plant Engineering Company Motohisa Amako Energy System & Plant Engineering Company 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019

1 2 Net Sales, Main Products and Production Bases by Business Segment (Consolidated)

( ) Af€liated company- ( ) Af€liated company- Business Segment Net Sales Billion yen /Sales Composition Main Products Main Production Bases *equity method Business Segment Net Sales Billion yen /Sales Composition Main Products Main Production Bases *equity method (Year ended March 31, 2019) (Year ended March 31, 2019)

Cement, chemical, conveyers, Harima Works (Harima-cho, Hyogo and other industrial plant Prefecture) systems Anhui Conch Kawasaki Energy Industrial boilers for land and Conservation Equipment marine use Manufacturing Co., Ltd. (China)* LNG carriers, LPG carriers, crude Kobe Works (Kobe, Hyogo Prefecture) Waste treatment facility Anhui Conch Kawasaki Equipment oil carriers, bulk carriers, Sakaide Works (Sakaide, Kagawa LNG tank and other storage Manufacturing Co., Ltd. (China)* container ships, car carriers, Prefecture) facilities Shanghai Conch Kawasaki Ship & Offshore ¥78.9 5.0 high-speed vessels, submarines, Kawasaki Subsea (UK) Limited Shield machines, tunnel boring Engineering Co., Ltd. (China)* Structure % ships for government and (United Kingdom) machines municipal of€ces Nantong COSCO KHI Ship Engineering Co., Ltd. (China)* Gas turbine engines for ships, Akashi Works Dalian COSCO KHI Ship Engineering peripheral equipment (Akashi, Hyogo Prefecture) Co., Ltd. (China)* Gas turbine generators, gas Seishin Works (Kobe, Hyogo Energy System & ¥253.0 15.9 turbine cogeneration systems Prefecture) Plant Engineering % Steam turbines, diesel engines, Kobe Works (Kobe, Hyogo Prefecture) gas engines, large decelerators Harima Works (Harima-cho, Hyogo Marine propulsion systems Prefecture) (side thrusters, steerable thrusters) Wuhan Kawasaki Marine Machinery Natural gas compression modules, Co., Ltd. (China) Train cars, integrated transit Hyogo Works (Kobe, Hyogo Prefecture) air blowers and other aerodynamic systems Harima Works (Harima-cho, Hyogo machinery Prefecture) Kawasaki Motors Manufacturing Air conditioning equipment, Kawasaki Thermal Engineering Co., Corp., U.S.A. (U.S.A.) general-purpose boilers Ltd. Shiga Works (Kusatsu, Shiga Kawasaki Rail Car, Inc. (U.S.A.) Prefecture) 7.8 Rolling Stock ¥124.6 Crushers, recycling equipment EARTHTECHNICA CO., LTD. Yachiyo % and plant Works (Yachiyo, Chiba Prefecture)

Rotary snowplows, deicing NICHIJO CORPORATION Motorcycles, ATVs (all-terrain Akashi Works (Akashi, Hyogo material spreaders Akebono Plant (Sapporo, Hokkaido) vehicles), recreational utility Prefecture) Railway motor cars, heavy-lift Inaho Plant (Sapporo, Hokkaido) vehicles, utility vehicles, Jet Ski Kakogawa Works (Kakogawa, cars ® watercraft Hyogo Prefecture) General-purpose gasoline engines Kawasaki Motors Manufacturing Corp., U.S.A. (U.S.A.) Kawasaki Motores do Brasil Ltda. (Brazil)

Gifu Works Motorcycle & 22.4 India Kawasaki Motors Pvt. Ltd. Aircraft (€xed-wing aircraft and (Kakamigahara, Gifu Prefecture) ¥356.8 % (India) helicopters), missiles, electronic Nagoya Works 1 Engine Kawasaki Motors Enterprise equipment, space systems and (Yatomi, Aichi Prefecture) (Thailand) Co., Ltd. (Thailand) peripheral equipment, Nagoya Works 2 PT. Kawasaki Motor Indonesia simulators (Tobishima-mura, Aichi Prefecture) (Indonesia)

Kawasaki Motors Manufacturing Kawasaki Motors (Phils.) Corp., U.S.A. (U.S.A.) Corporation (Philippines) Aerospace ¥463.9 29.1 Changzhou Kawasaki and Kwang % Systems Aircraft components, rocket NIPPI Corporation Yang Engine Co., Ltd. (China) * components, space equipment, Yokohama Plant (Yokohama, target systems Kanagawa Prefecture) Hydraulic equipment for Akashi Works (Akashi, Hyogo Aircraft servicing, remodeling Atsugi Plant (Yamato, Kanagawa Prefecture) construction machines, hydraulic Prefecture) equipment and systems for Nishi-Kobe Works (Kobe, Hyogo industrial machines Prefecture) Aircraft engines Akashi Works(Akashi, Hyogo Prefecture) Marine application machines, Kawasaki Precision Machinery Aircraft gear boxes Seishin Works (Kobe, Hyogo Prefecture) deck cranes and other marine (U.K.) Ltd. (U.K.) deck equipment Wipro Kawasaki Precision Precision Industrial robots Machinery Private Limited (India) Medical and pharmaceutical Kawasaki Precision Machinery Machinery & ¥222.0 13.9 robots (Suzhou) Ltd. (China) % Robot Kawasaki Chunhui Precision Machinery (Zhejiang) Ltd. (China) Kawasaki (Chongqing) Robotics Engineering Co., Ltd. (China) Flutek, Ltd. (Korea)

Hydraulic presses Kawasaki Hydromechanics Corporation (Akashi, Hyogo Prefecture)

Other ¥95.1 6.0 %

3 4 Net Sales, Main Products and Production Bases by Business Segment (Consolidated)

( ) Af€liated company- ( ) Af€liated company- Business Segment Net Sales Billion yen /Sales Composition Main Products Main Production Bases *equity method Business Segment Net Sales Billion yen /Sales Composition Main Products Main Production Bases *equity method (Year ended March 31, 2019) (Year ended March 31, 2019)

Cement, chemical, conveyers, Harima Works (Harima-cho, Hyogo and other industrial plant Prefecture) systems Anhui Conch Kawasaki Energy Industrial boilers for land and Conservation Equipment marine use Manufacturing Co., Ltd. (China)* LNG carriers, LPG carriers, crude Kobe Works (Kobe, Hyogo Prefecture) Waste treatment facility Anhui Conch Kawasaki Equipment oil carriers, bulk carriers, Sakaide Works (Sakaide, Kagawa LNG tank and other storage Manufacturing Co., Ltd. (China)* container ships, car carriers, Prefecture) facilities Shanghai Conch Kawasaki Ship & Offshore ¥78.9 5.0 high-speed vessels, submarines, Kawasaki Subsea (UK) Limited Shield machines, tunnel boring Engineering Co., Ltd. (China)* Structure % ships for government and (United Kingdom) machines municipal of€ces Nantong COSCO KHI Ship Engineering Co., Ltd. (China)* Gas turbine engines for ships, Akashi Works Dalian COSCO KHI Ship Engineering peripheral equipment (Akashi, Hyogo Prefecture) Co., Ltd. (China)* Gas turbine generators, gas Seishin Works (Kobe, Hyogo Energy System & ¥253.0 15.9 turbine cogeneration systems Prefecture) Plant Engineering % Steam turbines, diesel engines, Kobe Works (Kobe, Hyogo Prefecture) gas engines, large decelerators Harima Works (Harima-cho, Hyogo Marine propulsion systems Prefecture) (side thrusters, steerable thrusters) Wuhan Kawasaki Marine Machinery Natural gas compression modules, Co., Ltd. (China) Train cars, integrated transit Hyogo Works (Kobe, Hyogo Prefecture) air blowers and other aerodynamic systems Harima Works (Harima-cho, Hyogo machinery Prefecture) Kawasaki Motors Manufacturing Air conditioning equipment, Kawasaki Thermal Engineering Co., Corp., U.S.A. (U.S.A.) general-purpose boilers Ltd. Shiga Works (Kusatsu, Shiga Kawasaki Rail Car, Inc. (U.S.A.) Prefecture) 7.8 Rolling Stock ¥124.6 Crushers, recycling equipment EARTHTECHNICA CO., LTD. Yachiyo % and plant Works (Yachiyo, Chiba Prefecture)

Rotary snowplows, deicing NICHIJO CORPORATION Motorcycles, ATVs (all-terrain Akashi Works (Akashi, Hyogo material spreaders Akebono Plant (Sapporo, Hokkaido) vehicles), recreational utility Prefecture) Railway motor cars, heavy-lift Inaho Plant (Sapporo, Hokkaido) vehicles, utility vehicles, Jet Ski Kakogawa Works (Kakogawa, cars ® watercraft Hyogo Prefecture) General-purpose gasoline engines Kawasaki Motors Manufacturing Corp., U.S.A. (U.S.A.) Kawasaki Motores do Brasil Ltda. (Brazil)

Gifu Works Motorcycle & 22.4 India Kawasaki Motors Pvt. Ltd. Aircraft (€xed-wing aircraft and (Kakamigahara, Gifu Prefecture) ¥356.8 % (India) helicopters), missiles, electronic Nagoya Works 1 Engine Kawasaki Motors Enterprise equipment, space systems and (Yatomi, Aichi Prefecture) (Thailand) Co., Ltd. (Thailand) peripheral equipment, Nagoya Works 2 PT. Kawasaki Motor Indonesia simulators (Tobishima-mura, Aichi Prefecture) (Indonesia)

Kawasaki Motors Manufacturing Kawasaki Motors (Phils.) Corp., U.S.A. (U.S.A.) Corporation (Philippines) Aerospace ¥463.9 29.1 Changzhou Kawasaki and Kwang % Systems Aircraft components, rocket NIPPI Corporation Yang Engine Co., Ltd. (China) * components, space equipment, Yokohama Plant (Yokohama, target systems Kanagawa Prefecture) Hydraulic equipment for Akashi Works (Akashi, Hyogo Aircraft servicing, remodeling Atsugi Plant (Yamato, Kanagawa Prefecture) construction machines, hydraulic Prefecture) equipment and systems for Nishi-Kobe Works (Kobe, Hyogo industrial machines Prefecture) Aircraft engines Akashi Works(Akashi, Hyogo Prefecture) Marine application machines, Kawasaki Precision Machinery Aircraft gear boxes Seishin Works (Kobe, Hyogo Prefecture) deck cranes and other marine (U.K.) Ltd. (U.K.) deck equipment Wipro Kawasaki Precision Precision Industrial robots Machinery Private Limited (India) Medical and pharmaceutical Kawasaki Precision Machinery Machinery & ¥222.0 13.9 robots (Suzhou) Ltd. (China) % Robot Kawasaki Chunhui Precision Machinery (Zhejiang) Ltd. (China) Kawasaki (Chongqing) Robotics Engineering Co., Ltd. (China) Flutek, Ltd. (Korea)

Hydraulic presses Kawasaki Hydromechanics Corporation (Akashi, Hyogo Prefecture)

Other ¥95.1 6.0 %

3 4 Organization (Non-Consolidated) Major Subsidiaries and Afliates as of July 1, 2019 as of July 1, 2019

*Afliated company-equity method Motorcycle & Engine Auditing Department Ship & Offshore Compliance Department Ship & Offshore Structure Structure Corporate Communication Department Company Quality Assurance Ofce Kawaju Support Co., Ltd. Kawasaki Motors Corporation Japan Cost Engineering Department Kawasaki Marine Engineering Co., Ltd. K-TEC Corporation Risk Management Ofce Planning & Control Division KHI JPS Co., Ltd. TECHNICA Co., Ltd. Project Division MES-KHI YURA DOCK Co., Ltd. * Autopolis Control Department Procurement Division Kawasaki Subsea (UK) Limited Union Precision Die Co., Ltd. Legal Department Marketing & Sales Division Nantong COSCO KHI Ship Engineering Co., Ltd. * Kawasaki Motors Vietnam Co., Ltd. Trade Compliance Department Engineering Division Dalian COSCO KHI Ship Engineering Co., Ltd. * Kawasaki Motors Manufacturing Corp., U.S.A. Kobe Shipyard Kawasaki Motors Corp., U.S.A. Corporate Planning Department Corporate Sakaide Shipyard Rolling Stock Canadian Kawasaki Motors Inc. Planning Investor Relations Department Kawasaki Motores do Brasil Ltda. Division K-Win (Kawasaki Win) Project Department Rolling Stock Compliance Department Alna Yusoki-Yohin Co., Ltd. Kawasaki Motors Europe N.V. Company Innovation Department Business Planning & Control Division Kawasaki Rolling Stock Component Co., Ltd. Kawasaki Motors Pty. Ltd. Quality Assurance Division Kawasaki Rolling Stock Technology Co., Ltd. India Kawasaki Motors Pvt. Ltd. Finance & Corporate Control Department Control New Business Development Division Kansai Engineering Co., Ltd. PT. Kawasaki Motor Indonesia Finance Department Division Domestic Project Division Sapporo Kawasaki Rolling Stock Engineering Co., Ltd. Kawasaki Motors (Phils.) Corporation Accounting Department North America Project Division NICHIJO CORPORATION Kawasaki Motors Enterprise (Thailand) Co., Ltd. Planning & Control Department Asia Project Division Kawasaki Motors Manufacturing Corp., U.S.A. Changzhou Kawasaki and Kwang Yang Engine Co., Ltd. * Market Research Department Manufacturing Division Kawasaki Rail Car, Inc. Kawasaki Motors (Shanghai), Ltd. International Strategic Department 1 Qingdao Sifang Kawasaki Rolling Stock Technology Co., Ltd. * Kawasaki Heavy Industries Management (Shanghai) Co., Ltd. Compliance Department International Strategic Department 2 Aerospace Systems Planning & Control Division Precision Machinery & Robot Marketing Sapporo Ofce Company Aerospace Systems Division QM Promoting Division Sendai Ofce Marketing & Sales Division NIPPI Corporation Kawasaki Robot Service, Ltd. Nagoya Ofce Engineering Division Nippi Skill Corporation Kawasaki Hydromechanics Corporation Osaka Ofce Manufacturing Division Kawaju Gifu Engineering Co., Ltd. Medicaroid Corporation* Hiroshima Ofce Engine Manufacturing Division Kawaju Gifu Service Co., Ltd. Kawasaki Precision Machinery (U.S.A.), Inc. Fukuoka Ofce Defence and Aerospace Project Division KGM Co., Ltd. Kawasaki Precision Machinery (UK) Ltd. Okinawa Ofce Board President Commercial Aircraft Project Division Kawaju Akashi Engineering Co., Ltd. Wipro Kawasaki Precision Machinery Private Limited of Directors Helicopter Project Division Kawasaki Motors Manufacturing Corp., U.S.A. Flutek, Ltd. Human Resources Planning Department Defence Engine Project Division Kawasaki Precision Machinery (Suzhou) Ltd. Human Resources Department Commercial Engine Project Division Energy System & Plant Engineering Kawasaki Precision Machinery Trading (Shanghai) Co., Ltd. Human Kawasaki Chunhui Precision Machinery (Zhejiang) Ltd. Resources Human Capital Development Department Division Compliance Department Audit & Labor Administration Department Energy System Kawasaki Thermal Engineering Co., Ltd. Kawasaki Robotics (U.S.A.), Inc. Supervisory & Plant Planning & Control Division Kawasaki Machine Systems, Ltd. Kawasaki Robotics (UK) Ltd. Board Safety & Health Management Department Engineering Company Kawasaki Prime Mover Engineering Co., Ltd. Kawasaki Robotics GmbH Human Resources Operation Department Commercial Department Kawasaki Naval Engine Service, Ltd. Kawasaki Robotics Korea, Ltd. Marketing & Sales Division General Administration Department Kawasaki Gas Turbine Europe GmbH Kawasaki Robotics (Tianjin) Co., Ltd. Procurement Division Secretarial Department Kawasaki Gas Turbine Asia Sdn. Bhd. Kawasaki Robotics (Kunshan) Co., Ltd. Quality Assurance Division Property Administration Department Kawasaki Gas Turbine Service RUS LLC Kawasaki Heavy Industries (India) Private Limited Project Engineering Division CSR Department Kawasaki Machinery do Brasil Máquinas e Equipamentos Ltda. Kawasaki (Chongqing) Robotics Engineering Co., Ltd. General Production Division Administration Environmental Affairs Department Kawasaki Heavy Industries (Europe) B.V. Division Industrial Plant Engineering Division Construction Control Department Kawasaki Heavy Industries (H.K.) Ltd. Other Cryogenic System Engineering Division Tokyo Head Ofce Group Wuhan Kawasaki Marine Machinery Co., Ltd. Boiler Plant Engineering Division Kobe Works Ofce EARTHTECHNICA CO., LTD. Kawasaki Trading Co., Ltd. Environmental Plant Engineering Division Akashi Works Ofce Kawasaki Engineering Co., Ltd. Kawaju Service Co., Ltd. Energy System Division Harima Works Ofce KEE Environmental Construction Co., Ltd. Kawasaki Technology Co., Ltd. Marine Machinery System Division Kawasaki Environmental Plant Engineering Co., Ltd. Kawasaki Heartfelt Service Co., Ltd. Procurement Planning & Control Department Kawaju Facilitech Co., Ltd. K Career Partners Corporation Division Compliance Department Material Procurement Department Motorcycle & EARTHTECHNICA M&S CO., LTD. Benic Solution Corporation Engine Planning Division Indirect Material Procurement Department Company JP Steel Plantech Co.* Kawasaki Life Corporation Sales & Control Division Corporate Technology Planning Center KHI Design & Technical Service, Inc. Nippi Kosan Co.,Ltd. Quality Assurance Division Technical Institute Kawasaki Heavy Industries Machinery Trading (Shanghai) Co., Ltd. Kawasaki Heavy Industries (U.S.A.), Inc. Research & Development Division System Technology Development Center Anhui Conch Kawasaki Engineering Co., Ltd. * Kawasaki do Brasil Industria e Comercio Ltda. Corporate Supply Chain Division Anhui Conch Kawasaki Energy Conservation Equipment Manufacturing Co., Ltd. Kawasaki Trading do Brasil Ltda. Technology Hydrogen Project Development Center * Division General Purpose Engine Division Kawasaki Heavy Industries (U.K.) Ltd. Manufacturing Improvement Center Anhui Conch Kawasaki Equipment Manufacturing Co., Ltd. * Shanghai Conch Kawasaki Engineering Co., Ltd. Kawasaki Heavy Industries Middle East FZE IT Strategy Planning Center Precision Compliance Department * Machinery & Shanghai COSCO Kawasaki Heavy Industries Steel Structure Co., Ltd. Kawasaki Heavy Industries (India) Private Limited Planning & Control Division * Administration Department Robot Kawasaki Heavy Industries (Singapore) Pte. Ltd. Company Precision Machinery Business Division Intellectual Property Department Kawasaki Heavy Industries (Thailand) Co., Ltd. Robot Business Division TQM Department Kawasaki Heavy Industries Management (Shanghai) Co., Ltd. Kawasaki Trading (Shanghai) Co.,Ltd. KHI (Dalian) Computer Technology Co., Ltd. Hydrogen Engineering Australia Pty Ltd. Kawasaki Heavy Industries Russia LLC Kawasaki Trading (Thailand) Co., Ltd.

5 6 Organization (Non-Consolidated) Major Subsidiaries and Afliates as of July 1, 2019 as of July 1, 2019

*Afliated company-equity method Motorcycle & Engine Auditing Department Ship & Offshore Compliance Department Ship & Offshore Structure Structure Corporate Communication Department Company Quality Assurance Ofce Kawaju Support Co., Ltd. Kawasaki Motors Corporation Japan Cost Engineering Department Kawasaki Marine Engineering Co., Ltd. K-TEC Corporation Risk Management Ofce Planning & Control Division KHI JPS Co., Ltd. TECHNICA Co., Ltd. Project Division MES-KHI YURA DOCK Co., Ltd. * Autopolis Control Department Procurement Division Kawasaki Subsea (UK) Limited Union Precision Die Co., Ltd. Legal Department Marketing & Sales Division Nantong COSCO KHI Ship Engineering Co., Ltd. * Kawasaki Motors Vietnam Co., Ltd. Trade Compliance Department Engineering Division Dalian COSCO KHI Ship Engineering Co., Ltd. * Kawasaki Motors Manufacturing Corp., U.S.A. Kobe Shipyard Kawasaki Motors Corp., U.S.A. Corporate Planning Department Corporate Sakaide Shipyard Rolling Stock Canadian Kawasaki Motors Inc. Planning Investor Relations Department Kawasaki Motores do Brasil Ltda. Division K-Win (Kawasaki Win) Project Department Rolling Stock Compliance Department Alna Yusoki-Yohin Co., Ltd. Kawasaki Motors Europe N.V. Company Innovation Department Business Planning & Control Division Kawasaki Rolling Stock Component Co., Ltd. Kawasaki Motors Pty. Ltd. Quality Assurance Division Kawasaki Rolling Stock Technology Co., Ltd. India Kawasaki Motors Pvt. Ltd. Finance & Corporate Control Department Control New Business Development Division Kansai Engineering Co., Ltd. PT. Kawasaki Motor Indonesia Finance Department Division Domestic Project Division Sapporo Kawasaki Rolling Stock Engineering Co., Ltd. Kawasaki Motors (Phils.) Corporation Accounting Department North America Project Division NICHIJO CORPORATION Kawasaki Motors Enterprise (Thailand) Co., Ltd. Planning & Control Department Asia Project Division Kawasaki Motors Manufacturing Corp., U.S.A. Changzhou Kawasaki and Kwang Yang Engine Co., Ltd. * Market Research Department Manufacturing Division Kawasaki Rail Car, Inc. Kawasaki Motors (Shanghai), Ltd. International Strategic Department 1 Qingdao Sifang Kawasaki Rolling Stock Technology Co., Ltd. * Kawasaki Heavy Industries Management (Shanghai) Co., Ltd. Compliance Department International Strategic Department 2 Aerospace Systems Planning & Control Division Precision Machinery & Robot Marketing Sapporo Ofce Company Aerospace Systems Division QM Promoting Division Sendai Ofce Marketing & Sales Division NIPPI Corporation Kawasaki Robot Service, Ltd. Nagoya Ofce Engineering Division Nippi Skill Corporation Kawasaki Hydromechanics Corporation Osaka Ofce Manufacturing Division Kawaju Gifu Engineering Co., Ltd. Medicaroid Corporation* Hiroshima Ofce Engine Manufacturing Division Kawaju Gifu Service Co., Ltd. Kawasaki Precision Machinery (U.S.A.), Inc. Fukuoka Ofce Defence and Aerospace Project Division KGM Co., Ltd. Kawasaki Precision Machinery (UK) Ltd. Okinawa Ofce Board President Commercial Aircraft Project Division Kawaju Akashi Engineering Co., Ltd. Wipro Kawasaki Precision Machinery Private Limited of Directors Helicopter Project Division Kawasaki Motors Manufacturing Corp., U.S.A. Flutek, Ltd. Human Resources Planning Department Defence Engine Project Division Kawasaki Precision Machinery (Suzhou) Ltd. Human Resources Department Commercial Engine Project Division Energy System & Plant Engineering Kawasaki Precision Machinery Trading (Shanghai) Co., Ltd. Human Kawasaki Chunhui Precision Machinery (Zhejiang) Ltd. Resources Human Capital Development Department Division Compliance Department Audit & Labor Administration Department Energy System Kawasaki Thermal Engineering Co., Ltd. Kawasaki Robotics (U.S.A.), Inc. Supervisory & Plant Planning & Control Division Kawasaki Machine Systems, Ltd. Kawasaki Robotics (UK) Ltd. Board Safety & Health Management Department Engineering Company Kawasaki Prime Mover Engineering Co., Ltd. Kawasaki Robotics GmbH Human Resources Operation Department Commercial Department Kawasaki Naval Engine Service, Ltd. Kawasaki Robotics Korea, Ltd. Marketing & Sales Division General Administration Department Kawasaki Gas Turbine Europe GmbH Kawasaki Robotics (Tianjin) Co., Ltd. Procurement Division Secretarial Department Kawasaki Gas Turbine Asia Sdn. Bhd. Kawasaki Robotics (Kunshan) Co., Ltd. Quality Assurance Division Property Administration Department Kawasaki Gas Turbine Service RUS LLC Kawasaki Heavy Industries (India) Private Limited Project Engineering Division CSR Department Kawasaki Machinery do Brasil Máquinas e Equipamentos Ltda. Kawasaki (Chongqing) Robotics Engineering Co., Ltd. General Production Division Administration Environmental Affairs Department Kawasaki Heavy Industries (Europe) B.V. Division Industrial Plant Engineering Division Construction Control Department Kawasaki Heavy Industries (H.K.) Ltd. Other Cryogenic System Engineering Division Tokyo Head Ofce Group Wuhan Kawasaki Marine Machinery Co., Ltd. Boiler Plant Engineering Division Kobe Works Ofce EARTHTECHNICA CO., LTD. Kawasaki Trading Co., Ltd. Environmental Plant Engineering Division Akashi Works Ofce Kawasaki Engineering Co., Ltd. Kawaju Service Co., Ltd. Energy System Division Harima Works Ofce KEE Environmental Construction Co., Ltd. Kawasaki Technology Co., Ltd. Marine Machinery System Division Kawasaki Environmental Plant Engineering Co., Ltd. Kawasaki Heartfelt Service Co., Ltd. Procurement Planning & Control Department Kawaju Facilitech Co., Ltd. K Career Partners Corporation Division Compliance Department Material Procurement Department Motorcycle & EARTHTECHNICA M&S CO., LTD. Benic Solution Corporation Engine Planning Division Indirect Material Procurement Department Company JP Steel Plantech Co.* Kawasaki Life Corporation Sales & Control Division Corporate Technology Planning Center KHI Design & Technical Service, Inc. Nippi Kosan Co.,Ltd. Quality Assurance Division Technical Institute Kawasaki Heavy Industries Machinery Trading (Shanghai) Co., Ltd. Kawasaki Heavy Industries (U.S.A.), Inc. Research & Development Division System Technology Development Center Anhui Conch Kawasaki Engineering Co., Ltd. * Kawasaki do Brasil Industria e Comercio Ltda. Corporate Supply Chain Division Anhui Conch Kawasaki Energy Conservation Equipment Manufacturing Co., Ltd. Kawasaki Trading do Brasil Ltda. Technology Hydrogen Project Development Center * Division General Purpose Engine Division Kawasaki Heavy Industries (U.K.) Ltd. Manufacturing Improvement Center Anhui Conch Kawasaki Equipment Manufacturing Co., Ltd. * Shanghai Conch Kawasaki Engineering Co., Ltd. Kawasaki Heavy Industries Middle East FZE IT Strategy Planning Center Precision Compliance Department * Machinery & Shanghai COSCO Kawasaki Heavy Industries Steel Structure Co., Ltd. Kawasaki Heavy Industries (India) Private Limited Planning & Control Division * Administration Department Robot Kawasaki Heavy Industries (Singapore) Pte. Ltd. Company Precision Machinery Business Division Intellectual Property Department Kawasaki Heavy Industries (Thailand) Co., Ltd. Robot Business Division TQM Department Kawasaki Heavy Industries Management (Shanghai) Co., Ltd. Kawasaki Trading (Shanghai) Co.,Ltd. KHI (Dalian) Computer Technology Co., Ltd. Hydrogen Engineering Australia Pty Ltd. Kawasaki Heavy Industries Russia LLC Kawasaki Trading (Thailand) Co., Ltd.

5 6 Ofces Kawasaki Heavy Industries, Ltd. Tokyo Head Ofce 1-14-5, Kaigan, Minato-ku, Tokyo 105-8315, Japan Tel. +81-3-3435-2111 / Fax. +81-3-3436-3037 Kobe Head Ofce Kobe Crystal Tower, 1-1-3, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8680, Japan Tel. +81-78-371-9530 / Fax. +81-78-371-9568 Taipei Ofce 15F, Fu-key Bldg., 99 Jen-Ai Road, Section 2, Taipei, Taiwan Tel. +886-2-2322-1752 / Fax. +886-2-2322-5009 Kawasaki Heavy Industries 60 East 42nd Street, Suite 2501, New York, NY 10165 U.S.A. (U.S.A.), Inc. Tel. +1-917-475-1195 / Fax. +1-917-475-1392 Kawasaki do Brasil Indústria Avenida Paulista, 542-6 Andar, Bela Vista, 01310-000, e Comércio Ltda. São Paulo, S.P., Brazil Tel. +55-11-3289-2388 / Fax. +55-11-3289-2788 Kawasaki Heavy Industries 4th Floor, 3 St. Helen's Place, London EC3A 6AB, U.K. (U.K.) Ltd. Tel. +44-20-7588-5222 / Fax. +44-20-7588-5333 Kawasaki Heavy Industries Dubai Airport Free Zone, Bldg. 6W, Block-A, Ofœce Middle East FZE No.709 P.O. Box 54878, Dubai, UAE Tel. +971-4-214-6730 / Fax. +971-4-214-6729 Kawasaki Heavy Industries Room No : 1777, ITC Maurya, Sardar Patel Marg, (India) Pvt. Ltd. Diplomatic Enclave, New Delhi : -110021, India Tel. +91-11-4358-3531 / Fax. +91-11-4358-3532 Kawasaki Heavy Industries 6 Battery Road, #23-01, Singapore 049909 (Singapore) Pte. Ltd. Tel. +65-6225-5133 / Fax. +65-6224-9029 Kawasaki Heavy Industries 28th FL, Sathorn Square Ofœce Tower, 98 North Sathorn (Thailand) Co., Ltd. Road Silom, Bangrak, Bangkok 10500, Thailand Tel. +66-2-163-2839 / Fax. +66-2-163-2841 Kawasaki Heavy Industries 10F, Chong Hing Finance Center, 288 Nanjing Road West, Management (Shanghai), Ltd. Huangpu District, Shanghai 200003, People's Republic of China Tel. +86-21-3366-3100 / Fax. +86-21-3366-3108 Kawasaki Heavy Industries Ofœce 1803 (18th Floor), Entrance 3, Krasnopresnenskaya Russia LLC nab.12, 123610, Moscow, Russian Federation Tel. +7-495-258-2115 / Fax. +7-495-258-2116 A Guide to Kawasaki Group

Works global.kawasaki.com Gifu Works 1, Kawasaki-cho, Kakamigahara, Gifu 504-8710, Japan Tel. +81-58-382-5712 / Fax. +81-58-382-2981 Nagoya Works 1 3-20-3, Kusunoki, Yatomi, Aichi 498-0066, Japan Tel. +81-567-68-5117 / Fax. +81-567-68-5161 Nagoya Works 2 7-4, Kanaoka, Tobishima-mura, Ama-gun, Aichi 490-1445, Japan Tel. +81-567-68-5117 / Fax. +81-567-68-5161 Kobe Works 3-1-1, Higashikawasaki-cho, Chuo-ku, Kobe, Hyogo 650-8670, Japan Tel. +81-78-682-5001 / Fax. +81-78-682-5503 Hyogo Works 2-1-18, Wadayama-dori, Hyogo-ku, Kobe, Hyogo 652-0884, Japan Tel. +81-78-682-3111 / Fax. +81-78-671-5784 Seishin Works 2-8-1, Takatsukadai, Nishi-ku, Kobe, Hyogo 651-2271, Japan Tel. +81-78-992-1911 / Fax. +81-78-992-1910 Nishi-Kobe Works 234, Matsumoto, Hazetani-cho, Nishi-ku, Kobe, Hyogo 651-2239, Japan Tel. +81-78-991-1133 / Fax. +81-78-991-3186 Akashi Works 1-1, Kawasaki-cho, Akashi, Hyogo 673-8666, Japan Tel. +81-78-921-1301 / Fax. +81-78-924-8654 Kakogawa Works 170, Yamanoue Mukohara, Hiraoka-cho, Kakogawa, Hyogo 675-0112, Japan Tel. +81-79-427-0292 / Fax. +81-79-427-0556 Harima Works 8, Niijima, Harima-cho, Kako-gun, Hyogo 675-0180, Japan Tel. +81-79-435-2131 / Fax. +81-79-435-2132 Sakaide Works 1, Kawasaki-cho, Sakaide, Kagawa 762-8507, Japan Tel. +81-877-46-1111 / Fax. +81-877-46-7006

, Cat. No. 1A0285 Aug. 19 F