[July 30, 2015] |
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KYOCERA Announces Consolidated Financial Results for Three Months Ended June 30, 2015
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: http://global.kyocera.com/ir/financial/f_results.html
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Financial Results: Three Months Ended June 30
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Unit: Millions (except percentages and per-share amounts)
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Three Months Ended June 30,
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2014 (FY15-Q1) in JPY
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2015 (FY16-Q1) in JPY
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Increase (Decrease)
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2015 (FY16-Q1) in USD
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2015 (FY16-Q1) in EUR
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Amount in JPY
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%
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Net sales:
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334,714
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339,247
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4,533
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1.4
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2,804
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2,532
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Profit from operations:
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18,782
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32,583
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13,801
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73.5
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269
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243
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Income before income taxes:
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30,680
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47,010
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16,330
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53.2
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389
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351
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Net income attributable to shareholders of Kyocera (News - Alert) Corporation:
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19,467
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31,575
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12,108
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62.2
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261
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236
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Diluted earnings per share attributable to shareholders of Kyocera
Corporation:
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53.06
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86.07
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-
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-
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0.71
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0.64
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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)
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Fiscal 2015 Results
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Fiscal 2016 Forecast
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Increase (Decrease) (%) to Fiscal 2015 Results
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Net sales:
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1,526,536
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1,600,000
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4.8
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Profit from operations:
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93,428
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160,000
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71.3
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Income before income taxes:
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121,862
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184,000
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51.0
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Net income attributable to shareholders of Kyocera
Corporation:
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115,875
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120,000
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3.6
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Diluted earnings per share attributable to shareholders of
Kyocera Corporation*:
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315.85
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327.10
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-
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Average USD exchange rate:
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110
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115
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-
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Average EUR exchange rate:
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139
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125
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-
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* 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.
FORWARD-LOOKING STATEMENTS
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.
About
KYOCERA
Kyocera
Corporation (NYSE:KYO)(TOKYO:6971) (http://global.kyocera.com/),
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 (News - Alert), 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/20150730005568/en/
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