SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
|
KYOCERA CORPORATION
|
|
/s/ S
HOICHI
A
OKI
|
Shoichi Aoki
|
Director,
|
Managing Executive Officer and
|
General Manager of
|
Corporate Financial and Accounting Group
|
Date: July 28, 2016
Information furnished on this form:
EXHIBITS
Consolidated Financial Results of Kyocera Corporation and its Subsidiaries
for the Three Months Ended June 30, 2016
The consolidated financial information is prepared in accordance with accounting principles generally accepted in the United States of America.
1. Consolidated Financial Results for the Three Months Ended June 30, 2016
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|
|
|
|
|
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|
|
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|
|
|
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|
|
|
|
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|
(1) Consolidated results of operations
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|
|
|
|
|
|
|
|
|
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(% of change from previous period)
|
|
|
|
Net sales
|
|
|
Profit from operations
|
|
|
Income before income taxes
|
|
|
Net income attributable
to shareholders of
Kyocera Corporation
|
|
|
|
Million yen
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%
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|
|
Million yen
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%
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|
Million yen
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%
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Million yen
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|
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%
|
|
Three months ended June 30, 2016
|
|
|
319,985
|
|
|
|
(5.7
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)
|
|
|
12,270
|
|
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|
(62.3
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)
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|
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24,798
|
|
|
|
(47.2
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)
|
|
|
17,453
|
|
|
|
(44.7
|
)
|
Three months ended June 30, 2015
|
|
|
339,247
|
|
|
|
1.4
|
|
|
|
32,583
|
|
|
|
73.5
|
|
|
|
47,010
|
|
|
|
53.2
|
|
|
|
31,575
|
|
|
|
62.2
|
|
(Note) Comprehensive income:
(15,754) million yen for the three months ended June 30, 2016
104,228 million yen for the three
months ended June 30, 2015, 236.2% of change from previous period
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|
|
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|
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Net income attributable
to
shareholders of
Kyocera Corporation
per share - Basic
|
|
|
Net income attributable
to
shareholders of
Kyocera Corporation
per share - Diluted
|
|
|
|
Yen
|
|
|
Yen
|
|
Three months ended June 30, 2016
|
|
|
47.58
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|
|
47.58
|
|
Three months ended June 30, 2015
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86.07
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86.07
|
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(2) Consolidated financial condition
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Total assets
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|
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Total equity
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|
|
Kyocera Corporation
shareholders equity
|
|
|
Kyocera
Corporation
shareholders equity
to total assets
|
|
|
|
Million yen
|
|
|
Million yen
|
|
|
Million yen
|
|
|
%
|
|
June 30, 2016
|
|
|
2,998,367
|
|
|
|
2,338,104
|
|
|
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2,255,921
|
|
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75.2
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|
March 31, 2016
|
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3,095,049
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2,373,762
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2,284,264
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73.8
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2. Dividends
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Dividends per share
|
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End of
first quarter
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End of
second quarter
|
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End of
third quarter
|
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Year-end
|
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Annual
|
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|
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Yen
|
|
|
Yen
|
|
|
Yen
|
|
|
Yen
|
|
|
Yen
|
|
Year ended March 31, 2016
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|
|
|
|
|
|
50.00
|
|
|
|
|
|
|
|
50.00
|
|
|
|
100.00
|
|
Year ending March 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00
|
|
(Note) Dividends per share for the year ending March 31, 2017 are forecasted to be 100.00 yen on an annual basis.
1
3. Consolidated Financial Forecasts for the Year Ending March 31, 2017
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
(% of change from previous year)
|
|
|
|
Net sales
|
|
|
Profit from
operations
|
|
|
Income before
income
taxes
|
|
|
Net income
attributable to
shareholders of
Kyocera Corporation
|
|
|
Net income
attributable to
shareholders of
Kyocera Corporation
per share
|
|
|
|
Million yen
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|
|
%
|
|
|
Million yen
|
|
|
%
|
|
|
Million yen
|
|
|
%
|
|
|
Million yen
|
|
|
%
|
|
|
Yen
|
|
Year ending March 31, 2017
|
|
|
1,520,000
|
|
|
|
2.7
|
|
|
|
110,000
|
|
|
|
18.7
|
|
|
|
130,000
|
|
|
|
(10.7)
|
|
|
|
85,000
|
|
|
|
(22.1)
|
|
|
|
231.70
|
|
(Note) Forecast of earnings per share attributable to shareholders of Kyocera Corporation is calculated based on the
diluted average number of shares outstanding during the three months ended June 30, 2016.
(Notes)
(1) Increase or decrease in significant subsidiaries during the three months ended June 30, 2016: None
(2) Adoption of concise quarterly accounting method or procedure: None
(3) Changes in accounting policies:
(i) Changes due to adoption of new
accounting standards: Yes
(ii) Changes due to other than adoption of new accounting standards: None
For detailed information, please refer to the accompanying 2. OTHER INFORMATION on page 9.
(4) Number of shares (common stock):
(i) Number of shares issued:
|
|
|
377,618,580 shares at June 30, 2016
|
|
377,618,580 shares at March 31, 2016
|
(ii) Number of treasury stock:
|
|
|
10,761,789 shares at June 30, 2016
|
|
10,761,503 shares at March 31, 2016
|
(iii) Average number of shares outstanding:
|
|
|
366,856,906 shares for the three months ended
June 30, 2016
|
|
366,860,677 shares for the three months ended June 30, 2015
|
Presentation of Situation of Review Procedure
The consolidated financial information included in this report is out of scope of the review procedure under the Financial Instruments and Exchange Law of Japan. The review procedure under the Financial
Instruments and Exchange Law of Japan has not been completed at the date of disclosure of this report.
Instruction for Forecasts and
Other Notes
Cautionary Statement for Forecasts:
With regard to forecasts set forth above, please refer to the accompanying Forward-Looking Statements on page 9.
Other Note:
This is an English translation of the Japanese original of the Consolidated Financial
Results of Kyocera Corporation and its Subsidiaries for the Three Months Ended June 30, 2016. The translation is prepared solely for the reference and convenience of foreigners. In the event of any discrepancy between this translation and the
Japanese original, the latter shall prevail.
2
Accompanying Information
1. BUSINESS RESULTS, FINANCIAL CONDITION AND PROSPECTS
(1) Business Results for the
Three Months Ended June 30, 2016
Economic Situation and Business Environment
During the three months ended June 30, 2016 (the first quarter), the Japanese economy was sluggish due to continued stagnation in personal
consumption. Overseas, the U.S. economy was solid on the back of growth in personal consumption, while the European economy registered only moderate growth and growth rate in the Chinese economy continued to slow. As for exchange rates, the yen
appreciated compared with the three months ended June 30, 2015 (the previous first quarter).
With regard to the principal markets
for Kyocera Corporation and its subsidiaries (Kyocera Group or Kyocera), the automotive market remained firm due to an increase in sales volume primarily in Asian markets. In contrast, in the information and communications
market, components demand slowed due to smartphone production adjustments. Demand in the domestic solar energy market also declined due to a reduction in purchasing price under the feed-in tariff.
Consolidated Financial Results
During the first quarter, sales in the Equipment Business remained flat compared with the previous first quarter, while sales in the Components Business
generally decreased. As a result, consolidated net sales for the first quarter decreased by ¥19,262 million, or 5.7%, compared with the previous first quarter, to ¥319,985 million.
Profit from operations decreased by ¥20,313 million, or 62.3%, to ¥12,270 million, compared with the previous first quarter. Income before income
taxes decreased by ¥22,212 million, or 47.2%, to ¥24,798 million, and net income attributable to shareholders of Kyocera Corporation for the first quarter decreased by ¥14,122 million, or 44.7%, to ¥17,453 million, compared with the
previous first quarter, respectively. It should be noted that profit from a sale of assets in the amount of approximately ¥12 billion was recorded in the previous first quarter.
Average exchange rates for the first quarter were ¥108 to the U.S. dollar, marking appreciation of ¥13 (approximately 11%) and ¥122 to the Euro, marking appreciation of ¥12
(approximately 9%) from the previous first quarter. As a result, net sales and income before income taxes after translation into yen for the first quarter were pushed down by approximately ¥25 billion and approximately ¥5 billion compared
with the previous first quarter, respectively.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30,
|
|
|
Increase
(Decrease)
|
|
|
|
2015
|
|
|
2016
|
|
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
|
(Yen in millions, except exchange rates)
|
|
Net sales
|
|
¥
|
339,247
|
|
|
|
100.0
|
|
|
¥
|
319,985
|
|
|
|
100.0
|
|
|
|
¥(19,262
|
)
|
|
|
(5.7
|
)
|
Profit from operations
|
|
|
32,583
|
|
|
|
9.6
|
|
|
|
12,270
|
|
|
|
3.8
|
|
|
|
(20,313
|
)
|
|
|
(62.3
|
)
|
Income before income taxes
|
|
|
47,010
|
|
|
|
13.9
|
|
|
|
24,798
|
|
|
|
7.7
|
|
|
|
(22,212
|
)
|
|
|
(47.2
|
)
|
Net income attributable to shareholders of Kyocera Corporation
|
|
|
31,575
|
|
|
|
9.3
|
|
|
|
17,453
|
|
|
|
5.5
|
|
|
|
(14,122
|
)
|
|
|
(44.7
|
)
|
Average US$ exchange rate
|
|
|
121
|
|
|
|
|
|
|
|
108
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Euro exchange rate
|
|
|
134
|
|
|
|
|
|
|
|
122
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
Consolidated Results by Reporting Segment
1) Fine Ceramic Parts Group
Sales in this
reporting segment were roughly on par with the previous first quarter due to a decrease in sales of components for information and communications market, despite an increase in sales of automotive components. Operating profit decreased due primarily
to the impact of a change in product mix.
2) Semiconductor Parts Group
Sales in this reporting segment decreased compared with the previous first quarter due mainly to the impact of yens appreciation. Operating profit decreased due to the absence of the profit from the
sale of assets recorded in the previous first quarter in the amount of approximately ¥12 billion, the impact of yens appreciation and a lower sales of products for the communications market.
3) Applied Ceramic Products Group
Sales and
Operating profit in this reporting segment decreased compared with the previous first quarter due to a decline in sales in the solar energy business mainly as a result of a decline in demand in Japan.
4) Electronic Device Group
Sales and operating
profit in this reporting segment decreased compared with the previous first quarter due to a decline in sales of components for the smartphone and industrial equipment markets as a result of production adjustments in these markets and due to the
impact of the yens appreciation.
5) Telecommunications Equipment Group
Sales in this reporting segment increased compared with the previous first quarter due to an increase in sales of mobile phones with unique features such as higher durability in Japan and overseas. As a
result, operating loss was reduced compared with the previous first quarter.
6) Information Equipment Group
Sales and operating profit in this reporting segment decreased compared with the previous first quarter due to the impact of the yens appreciation,
despite a flat shipment of equipment compared with the previous first quarter as a result of active sales promotion activities.
4
Net Sales by Reporting Segment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30,
|
|
|
Increase
(Decrease)
|
|
|
|
2015
|
|
|
2016
|
|
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
|
(Yen in millions)
|
|
Fine Ceramic Parts Group
|
|
¥
|
22,901
|
|
|
|
6.7
|
|
|
¥
|
22,513
|
|
|
|
7.0
|
|
|
¥
|
(388
|
)
|
|
|
(1.7
|
)
|
Semiconductor Parts Group
|
|
|
60,298
|
|
|
|
17.8
|
|
|
|
56,005
|
|
|
|
17.5
|
|
|
|
(4,293
|
)
|
|
|
(7.1
|
)
|
Applied Ceramic Products Group
|
|
|
52,514
|
|
|
|
15.5
|
|
|
|
45,557
|
|
|
|
14.3
|
|
|
|
(6,957
|
)
|
|
|
(13.2
|
)
|
Electronic Device Group
|
|
|
70,533
|
|
|
|
20.8
|
|
|
|
65,243
|
|
|
|
20.4
|
|
|
|
(5,290
|
)
|
|
|
(7.5
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Components Business
|
|
|
206,246
|
|
|
|
60.8
|
|
|
|
189,318
|
|
|
|
59.2
|
|
|
|
(16,928
|
)
|
|
|
(8.2
|
)
|
Telecommunications Equipment Group
|
|
|
28,681
|
|
|
|
8.4
|
|
|
|
34,134
|
|
|
|
10.7
|
|
|
|
5,453
|
|
|
|
19.0
|
|
Information Equipment Group
|
|
|
79,651
|
|
|
|
23.5
|
|
|
|
74,939
|
|
|
|
23.4
|
|
|
|
(4,712
|
)
|
|
|
(5.9
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Equipment Business
|
|
|
108,332
|
|
|
|
31.9
|
|
|
|
109,073
|
|
|
|
34.1
|
|
|
|
741
|
|
|
|
0.7
|
|
Others
|
|
|
34,542
|
|
|
|
10.2
|
|
|
|
30,837
|
|
|
|
9.6
|
|
|
|
(3,705
|
)
|
|
|
(10.7
|
)
|
Adjustments and eliminations
|
|
|
(9,873
|
)
|
|
|
(2.9
|
)
|
|
|
(9,243
|
)
|
|
|
(2.9
|
)
|
|
|
630
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
¥
|
339,247
|
|
|
|
100.0
|
|
|
¥
|
319,985
|
|
|
|
100.0
|
|
|
¥
|
(19,262
|
)
|
|
|
(5.7
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit (Loss) by Reporting Segment
|
|
|
|
|
|
|
|
|
Three months ended June 30,
|
|
|
Increase
(Decrease)
|
|
|
|
2015
|
|
|
2016
|
|
|
|
|
Amount
|
|
|
%*
|
|
|
Amount
|
|
|
%*
|
|
|
Amount
|
|
|
%
|
|
|
|
(Yen in millions)
|
|
Fine Ceramic Parts Group
|
|
¥
|
4,199
|
|
|
|
18.3
|
|
|
¥
|
2,359
|
|
|
|
10.5
|
|
|
¥
|
(1,840
|
)
|
|
|
(43.8
|
)
|
Semiconductor Parts Group
|
|
|
20,986
|
|
|
|
34.8
|
|
|
|
4,585
|
|
|
|
8.2
|
|
|
|
(16,401
|
)
|
|
|
(78.2
|
)
|
Applied Ceramic Products Group
|
|
|
3,581
|
|
|
|
6.8
|
|
|
|
1,526
|
|
|
|
3.3
|
|
|
|
(2,055
|
)
|
|
|
(57.4
|
)
|
Electronic Device Group
|
|
|
9,446
|
|
|
|
13.4
|
|
|
|
5,211
|
|
|
|
8.0
|
|
|
|
(4,235
|
)
|
|
|
(44.8
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Components Business
|
|
|
38,212
|
|
|
|
18.5
|
|
|
|
13,681
|
|
|
|
7.2
|
|
|
|
(24,531
|
)
|
|
|
(64.2
|
)
|
Telecommunications Equipment Group
|
|
|
(6,142
|
)
|
|
|
|
|
|
|
(5,551
|
)
|
|
|
|
|
|
|
591
|
|
|
|
|
|
Information Equipment Group
|
|
|
6,410
|
|
|
|
8.0
|
|
|
|
5,851
|
|
|
|
7.8
|
|
|
|
(559
|
)
|
|
|
(8.7
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Equipment Business
|
|
|
268
|
|
|
|
0.2
|
|
|
|
300
|
|
|
|
0.3
|
|
|
|
32
|
|
|
|
11.9
|
|
Others
|
|
|
(1,191
|
)
|
|
|
|
|
|
|
(2,573
|
)
|
|
|
|
|
|
|
(1,382
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit
|
|
|
37,289
|
|
|
|
11.0
|
|
|
|
11,408
|
|
|
|
3.6
|
|
|
|
(25,881
|
)
|
|
|
(69.4
|
)
|
Corporate gains and equity in earnings (losses) of affiliates and an unconsolidated subsidiary
|
|
|
10,168
|
|
|
|
|
|
|
|
13,671
|
|
|
|
|
|
|
|
3,503
|
|
|
|
34.5
|
|
Adjustments and eliminations
|
|
|
(447
|
)
|
|
|
|
|
|
|
(281
|
)
|
|
|
|
|
|
|
166
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
¥
|
47,010
|
|
|
|
13.9
|
|
|
¥
|
24,798
|
|
|
|
7.7
|
|
|
¥
|
(22,212
|
)
|
|
|
(47.2
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
% to net sales of each corresponding segment
|
Note:
Former Kyocera Chemical Group, included
in Others until the year ended March 31, 2016, has been reclassified and included in the Semiconductor Parts Group commencing from the year ending March 31, 2017. Due to this change, results for the previous
first quarter have been reclassified to conform to the current presentation. As a result of this reclassification, a gain of approximately ¥12 billion from the sale of assets was included in the operating profit of the
Semiconductor Parts Group for the previous first quarter.
5
Net Sales by Geographic Area
1) Japan
Sales in Japan increased compared with the previous first quarter due primarily to an
increase in sales in the Information Equipment Group and the Telecommunications Equipment Group as well as to the contribution of sales from Nihon Inter Electronics Corporation, which joined Kyocera Group in September 2015.
2) Asia
Sales in Asia decreased compared with
the previous first quarter due primarily to a decline in sales in the Semiconductor Parts Group and the Fine Ceramic Parts Group as well as to the effect of the yens appreciation.
3) United States of America
Sales in the United States of America decreased compared with the
previous first quarter due mainly to a decline in sales in the Information Equipment Group and the Electronic Device Group which were affected by the effect of the yens appreciation.
4) Europe
Sales in Europe decreased compared with the previous first quarter due mainly to a
decline in sales in the Information Equipment Group and the Electronic Device Group which were affected by the effect of the yens appreciation.
5) Others
Sales in Others decreased compared with the previous first quarter due primarily to a
decline in sales in the Semiconductor Parts Group and the Information Equipment Group.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30,
|
|
|
Increase
(Decrease)
|
|
|
|
2015
|
|
|
2016
|
|
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
|
(Yen in millions)
|
|
Japan
|
|
¥
|
125,029
|
|
|
|
36.8
|
|
|
¥
|
129,255
|
|
|
|
40.4
|
|
|
|
¥ 4,226
|
|
|
|
3.4
|
|
Asia
|
|
|
79,597
|
|
|
|
23.5
|
|
|
|
67,316
|
|
|
|
21.0
|
|
|
|
(12,281
|
)
|
|
|
(15.4
|
)
|
United States of America
|
|
|
58,748
|
|
|
|
17.3
|
|
|
|
55,395
|
|
|
|
17.3
|
|
|
|
(3,353
|
)
|
|
|
(5.7
|
)
|
Europe
|
|
|
60,376
|
|
|
|
17.8
|
|
|
|
54,284
|
|
|
|
17.0
|
|
|
|
(6,092
|
)
|
|
|
(10.1
|
)
|
Others
|
|
|
15,497
|
|
|
|
4.6
|
|
|
|
13,735
|
|
|
|
4.3
|
|
|
|
(1,762
|
)
|
|
|
(11.4
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
¥
|
339,247
|
|
|
|
100.0
|
|
|
¥
|
319,985
|
|
|
|
100.0
|
|
|
|
¥(19,262
|
)
|
|
|
(5.7
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6
(2) Financial Condition
Consolidated Cash Flows
Cash and cash equivalents at June 30, 2016 decreased by
¥29,005 million to ¥345,015 million from ¥374,020 million at March 31, 2016.
1) Cash flows from operating activities
Net cash provided by operating activities for the first quarter increased by ¥4,767 million to ¥37,459 million from ¥32,692 million for the
previous first quarter. This mainly reflected that an increase in cash inflow due to the changes in accounts payable exceeded a decrease in cash inflow due to the changes in accounts receivables.
2) Cash flows from investing activities
Net
cash used in investing activities for the first quarter decreased by ¥19,974 million to ¥24,436 million from ¥44,410 million for the previous first quarter. This was due mainly to an increase in maturities and sales of securities, which
exceeded a decrease in proceeds from sales of property, plant and equipment.
3) Cash flows from financing activities
Net cash used in financing activities for the first quarter increased by ¥125 million to ¥24,711 million from ¥24,586 million for the previous
first quarter. This was due mainly to increases in payments of short-term and long-term debts, which exceeded a decrease in dividends paid.
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30,
|
|
|
|
2015
|
|
|
2016
|
|
|
|
(Yen in millions)
|
|
Cash flows from operating activities
|
|
¥
|
32,692
|
|
|
¥
|
37,459
|
|
Cash flows from investing activities
|
|
|
(44,410
|
)
|
|
|
(24,436
|
)
|
Cash flows from financing activities
|
|
|
(24,586
|
)
|
|
|
(24,711
|
)
|
Effect of exchange rate changes on cash and cash equivalents
|
|
|
4,099
|
|
|
|
(17,317
|
)
|
Net decrease in cash and cash equivalents
|
|
|
(32,205
|
)
|
|
|
(29,005
|
)
|
Cash and cash equivalents at beginning of period
|
|
|
351,363
|
|
|
|
374,020
|
|
Cash and cash equivalents at end of period
|
|
¥
|
319,158
|
|
|
¥
|
345,015
|
|
7
(3) Consolidated Financial Forecasts for the Year Ending March 31, 2017
In the first quarter, demand for core products was largely in line with initial projections. From the three months ending September 30, 2016 (the
second quarter) onward, Kyocera forecasts an increase in component demand due to recovery in production of smartphones. Kyocera also forecasts an increase in sales in the solar energy business in both the public and commercial sectors and
growth in sales in the Equipment Business. Based on these forecasts, Kyocera has not made any changes to the sales and profit forecasts for the year ending March 31, 2017 that were announced on April 27, 2016.
In light of recent circumstances, Kyocera has revised assumed exchange rates for the second quarter onward from ¥110 to ¥105 against the U.S.
dollar and from ¥120 to ¥115 against the Euro compared with the forecasts made in April. As a result, full-year forecasts of average exchange rates for fiscal 2017 have been revised to ¥106 to the U.S. dollar and ¥117 to the Euro.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Results for
the year ended
March 31, 2016
|
|
|
Forecasts for
the year ending
March 31, 2017
|
|
|
Increase
(Decrease)
to Results
|
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
|
(Yen in millions)
|
|
Net sales
|
|
¥
|
1,479,627
|
|
|
|
100.0
|
|
|
¥
|
1,520,000
|
|
|
|
100.0
|
|
|
¥
|
40,373
|
|
|
|
2.7
|
|
Profit from operations
|
|
|
92,656
|
|
|
|
6.3
|
|
|
|
110,000
|
|
|
|
7.2
|
|
|
|
17,344
|
|
|
|
18.7
|
|
Income before income taxes
|
|
|
145,583
|
|
|
|
9.8
|
|
|
|
130,000
|
|
|
|
8.6
|
|
|
|
(15,583
|
)
|
|
|
(10.7
|
)
|
Net income attributable to shareholders of Kyocera Corporation
|
|
|
109,047
|
|
|
|
7.4
|
|
|
|
85,000
|
|
|
|
5.6
|
|
|
|
(24,047
|
)
|
|
|
(22.1
|
)
|
8
Note: Forward-Looking Statements
Certain of the statements made in this document are forward-looking statements (within the meaning of Section 21E of the U.S. Securities and Exchange Act of 1934), which are based on our current
assumptions and beliefs in light of the information currently available to us. These forward-looking statements involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors include, but are not
limited to the following:
(1)
|
General conditions in the Japanese or global economy;
|
(2)
|
Unexpected changes in economic, political and legal conditions in countries where we operate;
|
(3)
|
Various export risks which may affect the significant percentage of our revenues derived from overseas sales;
|
(4)
|
The effect of foreign exchange fluctuations on our results of operations;
|
(5)
|
Intense competitive pressures to which our products are subject;
|
(6)
|
Fluctuations in the price and ability of suppliers to provide the required quantity of raw materials for use in Kyoceras production activities;
|
(7)
|
Manufacturing delays or defects resulting from outsourcing or internal manufacturing processes;
|
(8)
|
Shortages and rising costs of electricity affecting our production and sales activities;
|
(9)
|
The possibility that future initiatives and in-process research and development may not produce the desired results;
|
(10)
|
Companies or assets acquired by us not produce the returns or benefits, or bring in business opportunities;
|
(11)
|
Inability to secure skilled employees, particularly engineering and technical personnel;
|
(12)
|
Insufficient protection of our trade secrets and intellectual property rights including patents;
|
(13)
|
Expenses associated with licenses we require to continue to manufacture and sell products;
|
(14)
|
Environmental liability and compliance obligations by tightening of environmental laws and regulations;
|
(15)
|
Unintentional conflict with laws and regulations or newly enacted laws and regulations;
|
(16)
|
Our market or supply chains being affected by terrorism, plague, wars or similar events;
|
(17)
|
Earthquakes and other natural disasters affecting our headquarters and major facilities as well as our suppliers and customers;
|
(18)
|
Credit risk on trade receivables;
|
(19)
|
Fluctuations in the value of, and impairment losses on, securities and other assets held by us;
|
(20)
|
Impairment losses on long-lived assets, goodwill and intangible assets;
|
(21)
|
Unrealized deferred tax assets and additional liabilities for unrecognized tax benefits; and
|
(22)
|
Changes in accounting principles.
|
Such risks,
uncertainties and other factors may cause our actual results, performance, achievements or financial condition to be materially different from any future results, performance, achievements or financial condition expressed or implied by these
forward-looking statements. We undertake no obligation to publicly update any forward-looking statements included in this document.
2.
OTHER INFORMATION
Changes in accounting policies
Recently Adopted Accounting Standards
The accounting standards which Kyocera
adopted on or after April 1, 2016 did not have material impacts on Kyoceras consolidated results of operations, financial condition and cash flows.
9
3. CONSOLIDATED FINANCIAL STATEMENTS
(1) Consolidated Balance Sheets (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2016
|
|
|
June 30, 2016
|
|
|
Increase
(Decrease)
|
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
|
|
(Yen in millions)
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
¥
|
374,020
|
|
|
|
|
|
|
¥
|
345,015
|
|
|
|
|
|
|
¥
|
(29,005
|
)
|
Short-term investments in debt securities
|
|
|
101,566
|
|
|
|
|
|
|
|
72,834
|
|
|
|
|
|
|
|
(28,732
|
)
|
Other short-term investments
|
|
|
213,613
|
|
|
|
|
|
|
|
225,903
|
|
|
|
|
|
|
|
12,290
|
|
Trade notes receivables
|
|
|
22,832
|
|
|
|
|
|
|
|
20,186
|
|
|
|
|
|
|
|
(2,646
|
)
|
Trade accounts receivables
|
|
|
266,462
|
|
|
|
|
|
|
|
227,144
|
|
|
|
|
|
|
|
(39,318
|
)
|
Less allowances for doubtful accounts and sales returns
|
|
|
(5,278
|
)
|
|
|
|
|
|
|
(5,327
|
)
|
|
|
|
|
|
|
(49
|
)
|
Inventories
|
|
|
327,875
|
|
|
|
|
|
|
|
315,713
|
|
|
|
|
|
|
|
(12,162
|
)
|
Other current assets
|
|
|
133,671
|
|
|
|
|
|
|
|
133,598
|
|
|
|
|
|
|
|
(73
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
1,434,761
|
|
|
|
46.4
|
|
|
|
1,335,066
|
|
|
|
44.5
|
|
|
|
(99,695
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments and advances:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term investments in debt and equity securities
|
|
|
1,131,403
|
|
|
|
|
|
|
|
1,152,009
|
|
|
|
|
|
|
|
20,606
|
|
Other long-term investments
|
|
|
20,130
|
|
|
|
|
|
|
|
20,494
|
|
|
|
|
|
|
|
364
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments and advances
|
|
|
1,151,533
|
|
|
|
37.2
|
|
|
|
1,172,503
|
|
|
|
39.1
|
|
|
|
20,970
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land
|
|
|
59,914
|
|
|
|
|
|
|
|
59,284
|
|
|
|
|
|
|
|
(630
|
)
|
Buildings
|
|
|
344,087
|
|
|
|
|
|
|
|
340,133
|
|
|
|
|
|
|
|
(3,954
|
)
|
Machinery and equipment
|
|
|
841,895
|
|
|
|
|
|
|
|
831,073
|
|
|
|
|
|
|
|
(10,822
|
)
|
Construction in progress
|
|
|
18,314
|
|
|
|
|
|
|
|
17,197
|
|
|
|
|
|
|
|
(1,117
|
)
|
Less accumulated depreciation
|
|
|
(999,723
|
)
|
|
|
|
|
|
|
(984,135
|
)
|
|
|
|
|
|
|
15,588
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total property, plant and equipment
|
|
|
264,487
|
|
|
|
8.5
|
|
|
|
263,552
|
|
|
|
8.8
|
|
|
|
(935
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
|
|
|
102,599
|
|
|
|
3.3
|
|
|
|
100,122
|
|
|
|
3.3
|
|
|
|
(2,477
|
)
|
Intangible assets
|
|
|
59,106
|
|
|
|
1.9
|
|
|
|
53,696
|
|
|
|
1.8
|
|
|
|
(5,410
|
)
|
Other assets
|
|
|
82,563
|
|
|
|
2.7
|
|
|
|
73,428
|
|
|
|
2.5
|
|
|
|
(9,135
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-current assets
|
|
|
1,660,288
|
|
|
|
53.6
|
|
|
|
1,663,301
|
|
|
|
55.5
|
|
|
|
3,013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
¥
|
3,095,049
|
|
|
|
100.0
|
|
|
¥
|
2,998,367
|
|
|
|
100.0
|
|
|
¥
|
(96,682
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2016
|
|
|
June 30, 2016
|
|
|
Increase
(Decrease)
|
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
|
|
(Yen in millions)
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
¥
|
5,119
|
|
|
|
|
|
|
¥
|
999
|
|
|
|
|
|
|
¥
|
(4,120
|
)
|
Current portion of long-term debt
|
|
|
9,516
|
|
|
|
|
|
|
|
8,084
|
|
|
|
|
|
|
|
(1,432
|
)
|
Trade notes and accounts payable
|
|
|
115,644
|
|
|
|
|
|
|
|
100,589
|
|
|
|
|
|
|
|
(15,055
|
)
|
Other notes and accounts payable
|
|
|
82,758
|
|
|
|
|
|
|
|
74,725
|
|
|
|
|
|
|
|
(8,033
|
)
|
Accrued payroll and bonus
|
|
|
59,959
|
|
|
|
|
|
|
|
48,232
|
|
|
|
|
|
|
|
(11,727
|
)
|
Accrued income taxes
|
|
|
22,847
|
|
|
|
|
|
|
|
4,636
|
|
|
|
|
|
|
|
(18,211
|
)
|
Other accrued liabilities
|
|
|
43,525
|
|
|
|
|
|
|
|
38,320
|
|
|
|
|
|
|
|
(5,205
|
)
|
Other current liabilities
|
|
|
28,464
|
|
|
|
|
|
|
|
34,652
|
|
|
|
|
|
|
|
6,188
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
367,832
|
|
|
|
11.9
|
|
|
|
310,237
|
|
|
|
10.3
|
|
|
|
(57,595
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt
|
|
|
18,115
|
|
|
|
|
|
|
|
15,197
|
|
|
|
|
|
|
|
(2,918
|
)
|
Accrued pension and severance liabilities
|
|
|
46,101
|
|
|
|
|
|
|
|
43,637
|
|
|
|
|
|
|
|
(2,464
|
)
|
Deferred income taxes
|
|
|
271,220
|
|
|
|
|
|
|
|
273,367
|
|
|
|
|
|
|
|
2,147
|
|
Other non-current liabilities
|
|
|
18,019
|
|
|
|
|
|
|
|
17,825
|
|
|
|
|
|
|
|
(194
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-current liabilities
|
|
|
353,455
|
|
|
|
11.4
|
|
|
|
350,026
|
|
|
|
11.7
|
|
|
|
(3,429
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
721,287
|
|
|
|
23.3
|
|
|
|
660,263
|
|
|
|
22.0
|
|
|
|
(61,024
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kyocera Corporation shareholders equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock
|
|
|
115,703
|
|
|
|
|
|
|
|
115,703
|
|
|
|
|
|
|
|
|
|
Additional paid-in capital
|
|
|
162,844
|
|
|
|
|
|
|
|
162,937
|
|
|
|
|
|
|
|
93
|
|
Retained earnings
|
|
|
1,571,002
|
|
|
|
|
|
|
|
1,570,112
|
|
|
|
|
|
|
|
(890
|
)
|
Accumulated other comprehensive income
|
|
|
469,803
|
|
|
|
|
|
|
|
442,258
|
|
|
|
|
|
|
|
(27,545
|
)
|
Common stock in treasury, at cost
|
|
|
(35,088
|
)
|
|
|
|
|
|
|
(35,089
|
)
|
|
|
|
|
|
|
(1
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Kyocera Corporation shareholders equity
|
|
|
2,284,264
|
|
|
|
73.8
|
|
|
|
2,255,921
|
|
|
|
75.2
|
|
|
|
(28,343
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling interests
|
|
|
89,498
|
|
|
|
2.9
|
|
|
|
82,183
|
|
|
|
2.8
|
|
|
|
(7,315
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
2,373,762
|
|
|
|
76.7
|
|
|
|
2,338,104
|
|
|
|
78.0
|
|
|
|
(35,658
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and equity
|
|
¥
|
3,095,049
|
|
|
|
100.0
|
|
|
¥
|
2,998,367
|
|
|
|
100.0
|
|
|
¥
|
(96,682
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: Accumulated other comprehensive income is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2016
|
|
|
June 30, 2016
|
|
|
Increase
(Decrease)
|
|
|
|
(Yen in millions)
|
|
Net unrealized gains on securities
|
|
¥
|
517,190
|
|
|
¥
|
535,433
|
|
|
¥
|
18,243
|
|
Net unrealized losses on derivative financial instruments
|
|
|
(488
|
)
|
|
|
(519
|
)
|
|
|
(31
|
)
|
Pension adjustments
|
|
|
(42,648
|
)
|
|
|
(41,354
|
)
|
|
|
1,294
|
|
Foreign currency translation adjustments
|
|
|
(4,251
|
)
|
|
|
(51,302
|
)
|
|
|
(47,051
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
¥
|
469,803
|
|
|
¥
|
442,258
|
|
|
¥
|
(27,545
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11
(2) Consolidated Statements of Income and Comprehensive Income (Unaudited)
Consolidated Statements of Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30,
|
|
|
Increase
(Decrease)
|
|
|
|
2015
|
|
|
2016
|
|
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
Amount
|
|
|
%
|
|
|
|
(Yen in millions and shares in thousands, except per share amounts)
|
|
Net sales
|
|
¥
|
339,247
|
|
|
|
100.0
|
|
|
¥
|
319,985
|
|
|
|
100.0
|
|
|
¥
|
(19,262
|
)
|
|
|
(5.7
|
)
|
Cost of sales
|
|
|
248,761
|
|
|
|
73.3
|
|
|
|
239,855
|
|
|
|
75.0
|
|
|
|
(8,906
|
)
|
|
|
(3.6
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
90,486
|
|
|
|
26.7
|
|
|
|
80,130
|
|
|
|
25.0
|
|
|
|
(10,356
|
)
|
|
|
(11.4
|
)
|
Selling, general and administrative expenses
|
|
|
57,903
|
|
|
|
17.1
|
|
|
|
67,860
|
|
|
|
21.2
|
|
|
|
9,957
|
|
|
|
17.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit from operations
|
|
|
32,583
|
|
|
|
9.6
|
|
|
|
12,270
|
|
|
|
3.8
|
|
|
|
(20,313
|
)
|
|
|
(62.3
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expenses) :
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and dividend income
|
|
|
12,674
|
|
|
|
3.7
|
|
|
|
14,584
|
|
|
|
4.6
|
|
|
|
1,910
|
|
|
|
15.1
|
|
Interest expense
|
|
|
(381
|
)
|
|
|
(0.1
|
)
|
|
|
(1,058
|
)
|
|
|
(0.3
|
)
|
|
|
(677
|
)
|
|
|
|
|
Foreign currency transaction gains, net
|
|
|
1,666
|
|
|
|
0.5
|
|
|
|
(1,273
|
)
|
|
|
(0.4
|
)
|
|
|
(2,939
|
)
|
|
|
|
|
Gains on sales of securities
|
|
|
|
|
|
|
|
|
|
|
103
|
|
|
|
0.0
|
|
|
|
103
|
|
|
|
|
|
Other, net
|
|
|
468
|
|
|
|
0.2
|
|
|
|
172
|
|
|
|
0.0
|
|
|
|
(296
|
)
|
|
|
(63.2
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other income (expenses)
|
|
|
14,427
|
|
|
|
4.3
|
|
|
|
12,528
|
|
|
|
3.9
|
|
|
|
(1,899
|
)
|
|
|
(13.2
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
|
47,010
|
|
|
|
13.9
|
|
|
|
24,798
|
|
|
|
7.7
|
|
|
|
(22,212
|
)
|
|
|
(47.2
|
)
|
Income taxes
|
|
|
13,946
|
|
|
|
4.2
|
|
|
|
6,324
|
|
|
|
1.9
|
|
|
|
(7,622
|
)
|
|
|
(54.7
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
33,064
|
|
|
|
9.7
|
|
|
|
18,474
|
|
|
|
5.8
|
|
|
|
(14,590
|
)
|
|
|
(44.1
|
)
|
Net income attributable to noncontrolling interests
|
|
|
(1,489
|
)
|
|
|
(0.4
|
)
|
|
|
(1,021
|
)
|
|
|
(0.3
|
)
|
|
|
468
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of Kyocera Corporation
|
|
¥
|
31,575
|
|
|
|
9.3
|
|
|
¥
|
17,453
|
|
|
|
5.5
|
|
|
¥
|
(14,122
|
)
|
|
|
(44.7
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of
Kyocera Corporation:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
¥
|
86.07
|
|
|
|
|
|
|
¥
|
47.58
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
86.07
|
|
|
|
|
|
|
|
47.58
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average number of shares of common stock outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
366,861
|
|
|
|
|
|
|
|
366,857
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
366,861
|
|
|
|
|
|
|
|
366,857
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:
Basic
earnings per share attributable to shareholders of Kyocera Corporation is calculated based on the average number of shares of common stock outstanding during each period, and diluted earnings per share attributable to shareholders of Kyocera
Corporation is calculated based on the diluted average number of shares of stock outstanding during each period.
12
Consolidated Statements of Comprehensive Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30,
|
|
|
Increase
(Decrease)
|
|
|
|
2015
|
|
|
2016
|
|
|
|
|
Amount
|
|
|
Amount
|
|
|
Amount
|
|
|
|
(Yen in millions)
|
|
Net income
|
|
¥
|
33,064
|
|
|
¥
|
18,474
|
|
|
¥
|
(14,590
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss)net of taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized gains on securities
|
|
|
59,739
|
|
|
|
18,204
|
|
|
|
(41,535
|
)
|
Net unrealized losses on derivative financial instruments
|
|
|
(52
|
)
|
|
|
(17
|
)
|
|
|
35
|
|
Pension adjustments
|
|
|
(820
|
)
|
|
|
1,421
|
|
|
|
2,241
|
|
Foreign currency translation adjustments
|
|
|
12,297
|
|
|
|
(53,836
|
)
|
|
|
(66,133
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other comprehensive income (loss)
|
|
|
71,164
|
|
|
|
(34,228
|
)
|
|
|
(105,392
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss)
|
|
|
104,228
|
|
|
|
(15,754
|
)
|
|
|
(119,982
|
)
|
Comprehensive income (loss) attributable to noncontrolling interests
|
|
|
(2,906
|
)
|
|
|
5,669
|
|
|
|
8,575
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income (loss) attributable to shareholders of
Kyocera Corporation
|
|
¥
|
101,322
|
|
|
¥
|
(10,085
|
)
|
|
¥
|
(111,407
|
)
|
|
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(3) Notes to the consolidated financial statements
Cautionary Statement for Premise of a Going Concern
None.
Cautionary Statement for Significant Changes in Equity
None.
13