Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced
consolidated financial results for the first half of fiscal year
2016 (“first half” or “FY16-H1,” covering the six months ended
September 30, 2015), as summarized below. Details are available at:
http://global.kyocera.com/ir/financial/f_results.html
Consolidated Financial Highlights:
First Half
Unit: Millions (except percentages and
per-share amounts)1
Six Months Ended September 30,
2014
(FY15-H1)
in JPY
2015
(FY16-H1)
in JPY
Increase(Decrease)
2015(FY16-H1)in USD
2015(FY16-H1)in EUR
Amount
in JPY
% Net sales: 714,329 722,577 8,248 1.2 6,021 5,352 Profit
from operations: 54,751 61,949 7,198 13.1 516 459 Income before
income taxes: 68,118 78,000 9,882 14.5 650 578
Net income attributable toshareholders of
KyoceraCorporation:
43,649 50,792 7,143 16.4 423 376
Diluted earnings per shareattributable to
shareholders ofKyocera Corporation:
118.98 138.45 - - 1.15
1.03
Summary
With regard to the principal markets served by Kyocera
Corporation and its consolidated subsidiaries (the “Kyocera Group”
or “Kyocera”), the first half saw rising global demand for
smartphones in the digital consumer equipment market, and rising
demand in automotive markets mainly in the United States and
Europe.
In comparison with the prior first half, Kyocera recorded
increased consolidated net sales due mainly to growth in the
Semiconductor Parts, Electronic Device, and Fine Ceramic Parts
Groups, led by communications- and automotive-related components,
as well as increased sales from the Information Equipment Group in
the United States. These increases were more than enough to offset
sales decreases against the prior first half in the
Telecommunications Equipment Group and Applied Ceramic Products
Group including the solar energy business. Consolidated first-half
profits also increased over the prior first half, reflecting profit
increases in the Components Business and one-time profit from a
sale of assets in the “Others” reporting segment. Together, these
profit gains more than offset a decline in profits from the
Equipment Business.
In summary, consolidated net sales increased 1.2% over the prior
period, to JPY722,577 (USD6,021) million; profit from operations
increased 13.1%, to JPY61,949 (USD516) million; income before
income taxes increased 14.5%, to JPY78,000 (USD650) million; and
net income attributable to shareholders of Kyocera Corporation
increased 16.4%, to JPY50,792 (USD423) million.
Consolidated Financial Highlights:
Second Quarter
Unit: Millions (except percentages)1
Three Months Ended September 30, 2014
(FY15-Q2)
in JPY
2015
(FY16-Q2)
in JPY
Increase(Decrease)
2015(FY16-Q2)in USD
2015(FY16-Q2)in EUR
Amount
in JPY
% Net sales: 379,615 383,330 3,715 1.0 3,194 2,839 Profit
from operations: 35,969 29,366 (6,603) (18.4) 245 218 Income before
income taxes: 37,438 30,990 (6,448) (17.2) 258 230
Net income attributable toshareholders of
KyoceraCorporation:
24,182 19,217 (4,965) (20.5) 160
142
Second-Half Outlook
During the second half, the economic environment faces concerns
regarding the slowing of the Chinese economy. At the same time,
uncertainty is growing with respect to the economies of Europe and
emerging countries. Manufacturing volume in the digital consumer
equipment market is expected to fall below levels estimated in
April 2015, and the pace of expansion in automotive and industrial
equipment markets is expected to slow as well. Although Kyocera
will strive to expand business despite these conditions, management
expects lower aggregate demand in principal markets for both the
components and equipment segments than was projected at the
beginning of fiscal 2016. Consequently, Kyocera has revised the
consolidated forecasts it announced in April 2015 as follows.
Consolidated Forecast: Year Ending
March 31, 2016
Unit: Yen in millions (except percentages, per-share amounts and
exchange rates)
Fiscal 2016 ForecastsAnnounced on
Increase(Decrease)(%) toFiscal
2015Results
Fiscal 2015Results
April 27,2015
October 29,2015
Net sales: 1,526,536 1,600,000 1,530,000 0.2 Profit from
operations: 93,428 160,000 110,000 17.7 Income before income taxes:
121,862 184,000 140,000 14.9
Net income attributable toshareholders of
KyoceraCorporation:
115,875 120,000 85,000 (26.6)
Diluted earnings per shareattributable to
shareholders ofKyocera Corporation2:
315.85 327.10 231.70 - Average USD exchange rate: 110 115 120 -
Average EUR exchange rate: 139 125 133 -
1 As a convenience to the reader, U.S. dollar (USD) and euro
(EUR) conversions are provided based on the rates of USD1 = JPY120
and EUR1 = JPY135, rounded to the nearest unit.2 Forecast of
“Diluted earnings per share attributable to shareholders of Kyocera
Corporation” is based on the diluted average number of shares
outstanding during the six months ended September 30, 2015.
About KYOCERA
Kyocera Corporation (NYSE:KYO)(TOKYO:6971), the parent and
global headquarters of the Kyocera Group, was founded in 1959 as a
producer of fine ceramics (also known as “advanced ceramics”). By
combining these engineered materials with metals and integrating
them with other technologies, Kyocera has become a leading supplier
of solar power generating systems, mobile phones, printers,
copiers, electronic components, semiconductor packages, cutting
tools and industrial ceramics. Kyocera appears on the latest
listing of the “Top 100 Global Innovators” by Thomson Reuters, and
is ranked #552 on Forbes magazine’s 2015 “Global 2000” listing of
the world’s largest publicly traded companies.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151029005585/en/
KYOCERA Corporation (Japan)Hina Morioka,
+81-(0)75-604-3416Corporate
Communicationswebmaster.pressgl@kyocera.jphttp://global.kyocera.com/Fax:
+81-(0)75-604-3516
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