Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its
third-quarter financial results for the fiscal year ending March
31, 2016. The results are summarized below, both as an aggregation
of Kyocera’s first three fiscal quarters (the “period,” i.e., nine
months ended Dec. 31, 2015), and as the third quarter alone (the
“quarter,” i.e., three months ended Dec. 31, 2015). Complete
details are available at:
http://global.kyocera.com/ir/financial/f_results.html
Consolidated Financial Highlights: Nine
Months Ended December 31, 2015
Unit: Millions (except percentages and
per-share amounts)
Nine Months Ended December 31,
2014(FY15)in JPY
2015(FY16)in JPY
Increase(Decrease)
2015(FY16)in USD
2015(FY16)in EUR
Amountin JPY
% Net sales: 1,101,692 1,093,030 (8,662) (0.8) 9,033 8,281
Profit from operations: 90,222 66,020 (24,202) (26.8) 546 500
Income before income taxes: 114,667 97,390 (17,277) (15.1) 805 738
Net income attributable toshareholders of
KyoceraCorporation:
73,971 59,504 (14,467) (19.6) 492 451
Diluted earnings per shareattributable to
shareholders ofKyocera Corporation:
201.63 162.20 - - 1.34
1.23
Note: As a convenience to the reader, U.S. dollar (USD) and euro
(EUR) conversions are provided at the rates of USD1 = JPY121 and
EUR1 = JPY132, rounded to the nearest unit.
Summary of Nine-Month Consolidated Financial Results
During this period, the economic environment surrounding Kyocera
Corporation and its consolidated subsidiaries (the “Kyocera Group”
or “Kyocera”) was characterized by growth in the automotive market,
mainly in the United States and China, and an expanding market for
smartphones globally.
As compared to the year-ago period, Kyocera’s sales of
components used in smartphones, industrial equipment and automotive
applications increased steadily. In contrast, sales decreased in
the Telecommunications Equipment Group and the Applied Ceramic
Products Group, which includes the solar energy business.
Consolidated profit declined due primarily to the recording of
costs of approximately JPY23 billion, including an impairment of
goodwill in the Electronic Device Group, and reduced profit in the
Information Equipment Group due mainly to the impact of currency
exchange fluctuations.
In summary, consolidated net sales for the nine-month period
decreased 0.8% as compared to the year-ago nine-month period, to
JPY1,093,030 (USD9,033) million; profit from operations decreased
26.8%, to JPY66,020 (USD546) million; income before income taxes
decreased 15.1%, to JPY97,390 (USD805) million; and net income
attributable to shareholders of Kyocera Corporation decreased
19.6%, to JPY59,504 (USD492) million.
Consolidated Financial Highlights:
Third Quarter Ended December 31, 2015
Unit: Millions (except percentages)
Three Months Ended December 31,
2014(FY15-Q3)in JPY
2015(FY16-Q3)in JPY
Increase(Decrease)
2015(FY16-Q3)in USD
2015(FY16-Q3)in EUR
Amountin JPY
% Net sales: 387,363 370,453 (16,910) (4.4) 3,062 2,806
Profit from operations: 35,471 4,071 (31,400) (88.5) 34 31 Income
before income taxes: 46,549 19,390 (27,159) (58.3) 160 147
Net income attributable toshareholders of
KyoceraCorporation:
30,322 8,712 (21,610) (71.3) 72
66
Note: As a convenience to the reader, U.S. dollar (USD) and euro
(EUR) conversions are provided at the rates of USD1 = JPY121 and
EUR1 = JPY132, rounded to the nearest unit.
Consolidated Forecast: Year Ending March 31, 2016
During the three months ending March 31, 2016 (“the fourth
quarter”), sales of components for semiconductor processing
equipment and automobiles are expected to increase steadily.
However, the business environment in the fourth quarter is expected
to differ from that reflected in our forecast of October 2015 due
to the slowing of the Chinese economy and the effect of production
adjustments among smartphone manufacturers.
In consideration of these circumstances, Kyocera has revised its
full-year forecast for the year ending March 31, 2016 as set forth
below. Kyocera aims to achieve these forecasts by securing orders
in the information and communication, industrial machinery,
automotive-related and environment/energy markets; and by
leveraging the collective capabilities of the Kyocera Group for
comprehensive cost reduction.
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
October 29,2015
January 29,2016
Net sales: 1,526,536 1,530,000 1,480,000 (3.0
) Profit from operations: 93,428 110,000 85,000 (9.0 ) Income
before income taxes: 121,862 140,000 135,000 10.8
Net income attributable toshareholders of
KyoceraCorporation:
115,875 85,000 90,000 (22.3 )
Diluted earnings per shareattributable to
shareholders ofKyocera Corporation*:
315.85 231.70 245.33 - Average USD exchange rate: 110 120 121 -
Average EUR exchange rate: 139 133 133 -
* Forecast of “Diluted earnings per share attributable to
shareholders of Kyocera Corporation” is based on the diluted
average number of shares outstanding during the nine months ended
December 31, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160128006652/en/
KYOCERA Corporation (Japan)Hina Morioka,
+81-(0)75-604-3416Corporate CommunicationsFax:
+81-(0)75-604-3516webmaster.pressgl@kyocera.jphttp://global.kyocera.com/
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