Japan's Kawasaki Heavy Industries TSE:7012 plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to overseas investors to fund capital expenditure, the company said on Thursday.
The company plans to raise about 92.7 billion yen through new share issuance for production facility investments by around March 2029.
It also plans to raise about 101 billion yen through two convertible bonds to fund liquefied hydrogen supply chain construction and physical AI development by March 2031.
Reuters first reported the financing plan on Wednesday.
($1 = 162.5000 yen)