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3 Details by Segment - Ship & Offshore Structure - Market Overview ● Submarines & governmental ships - - Stable orders are expected Regular repairs will increase due to the extension of the lifespan • Commercial ships - - Demand for LNG fueled vessels increases as environmental regulations strengthen The situation remain severe, amid the limited availability of new projects due to the uncertainty of global economic trends Strict competition with shipyards in Korea and China makes it difficult to secure orders at profitable prices Specific Efforts See page 42 for the new segment "Energy solutions and Marine Engineering" © Kawasaki Heavy Industries, Ltd. All Rights Reserved Kawasaki Powering your potential 30

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