MRO Magazine

KYOCERA Announces Consolidated Financial Results for Three Months Ended June 30, 2015

July 30, 2015
By Business Wire News

KYOTO, Japan

Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its consolidated financial results for the first quarter of fiscal year 2016 (the three months ended June 30, 2015, or “Q1”), as summarized below. Complete details are available at:


Financial Results: Three Months Ended June 30

Unit: Millions (except percentages and per-share amounts)

    Three Months Ended June 30,

in JPY


in JPY




in USD


in EUR

in JPY

Net sales: 334,714 339,247 4,533 1.4 2,804 2,532
Profit from operations: 18,782 32,583 13,801 73.5 269 243
Income before income taxes: 30,680 47,010 16,330 53.2 389 351

Net income attributable to
shareholders of Kyocera

19,467 31,575 12,108 62.2 261 236

Diluted earnings per share
attributable to shareholders of
Kyocera Corporation:

  53.06   86.07       0.71   0.64

Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR) conversions are provided based on the rates of USD1 = JPY121 and EUR1 = JPY134, rounded to the nearest unit.

Summary of Consolidated Financial Results

During Q1, the economic environment surrounding Kyocera Corporation and its consolidated subsidiaries (the “Kyocera Group” or “Kyocera”) was characterized by continued demand within the automotive and consumer electronics markets, with vehicle sales maintaining particular strength in the United States and Europe.

Despite reduced sales in Kyocera’s Telecommunications Equipment Group, the company’s Semiconductor Parts, Electronic Device, and Fine Ceramic Parts Groups all recorded sales increases — especially for components used in smartphones, telecommunications infrastructure, automobiles and industrial equipment. Consolidated Q1 profits rose significantly over the prior Q1, reflecting increases of more than 20% in all components business segments, led by semiconductor parts and electronic devices. Combined with profit from a one-time sale of assets in the Other Businesses segment, these gains more than offset a decline in profits in the Equipment Business.

In summary, consolidated net sales increased 1.4% over the prior period, to JPY339,247 (USD2,804) million; profit from operations increased 73.5%, to JPY32,583 (USD269) million; income before income taxes increased 53.2%, to JPY47,010 (USD389) million; and net income attributable to shareholders of Kyocera Corporation increased 62.2%, to JPY31,575 (USD261) million.

Consolidated Forecasts for the Year Ending March 31, 2016

Because Kyocera’s Q1 results remain generally in line with initial projections, there is no change to the sales and profit forecasts for the year ending March 31, 2016 that were announced on April 27, 2015.

Consolidated Forecast: Year Ending March 31, 2016

Unit: Yen in millions (except percentages, per-share amounts and exchange rates)




Fiscal 2015


Fiscal 2016


(%) to Fiscal
2015 Results

Net sales: 1,526,536 1,600,000 4.8
Profit from operations: 93,428 160,000 71.3
Income before income taxes: 121,862 184,000 51.0

Net income attributable to
shareholders of Kyocera Corporation:

115,875 120,000 3.6

Diluted earnings per share attributable
to shareholders of Kyocera Corporation*:

315.85 327.10
Average USD exchange rate: 110 115
Average EUR exchange rate: 139   125  

* Forecast of “Diluted earnings per share attributable to shareholders of Kyocera Corporation” is based on the diluted average number of shares outstanding during the three months ended June 30, 2015.


Except for historical information contained herein, the matters set forth in this press release are forward-looking statements that involve risks and uncertainties including, but not limited to, product demand, competition, regulatory approvals, the effect of economic conditions and technological difficulties, and other risks detailed in the Company’s filings with the U.S. Securities and Exchange Commission.


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 industrial ceramics, cutting tools, semiconductor packages, electronic components, solar power generating systems, printers, copiers, and mobile phones. 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.

KYOCERA Corporation (Japan)
Hina Morioka, +81-(0)75-604-3416
Corporate Communications
Fax: +81-(0)75-604-3516