Kyocera Announces Consolidated Financial Results for Third Quarter, Ended Dec. 31, 2023
Consolidated Financial Highlights: Nine Months Ended
Unit: Millions (except percentages and per-share amounts) | ||||||
Nine Months Ended |
||||||
2022 (FY23) in JPY |
2023 (FY24) in JPY |
Change | 2023 (FY24) in USD |
2023 (FY24) in EUR |
||
Amount in JPY |
% | |||||
Sales revenue: |
1,526,497 |
1,492,672 |
(33,825) |
(2.2) |
10,512 |
9,507 |
Operating profit: |
113,884 |
79,844 |
(34,040) |
(29.9) |
562 |
509 |
Profit before income taxes: |
162,756 |
125,638 |
(37,118) |
(22.8) |
885 |
800 |
Profit attributable to owners of the parent: |
118,783 |
90,366 |
(28,417) |
(23.9) |
636 |
576 |
Earnings per share attributable to owners of the parent (basic)*: |
82.74 |
63.94 |
- |
- |
0.45 |
0.41 |
Note on exchange rates: |
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* Earnings per share is recalculated to reflect the previously announced 4-for-1 stock split (effective |
Period Summary
Economic growth rates slowed during this period due to rising geopolitical uncertainty and continuing monetary restraint policies in European countries and
Compared to the year-ago period, sales revenue decreased by 2.2%, to
Profits decreased as well, due primarily to lower production equipment utilization rates caused by reduced orders, rising labor costs, and higher research and development investments to support future growth.
As a result, consolidated operating profit decreased by 29.9% from the year-ago period, to
Consolidated Financial Highlights: Third Quarter
Unit: Millions (except percentages) | ||||||
Three Months Ended |
||||||
2022 (FY23-Q3) in JPY |
2023 (FY24-Q3) in JPY |
Change | 2023 (FY24-Q3) in USD |
2023 (FY24-Q3) in EUR |
||
Amount in JPY |
% | |||||
Sales revenue: |
514,325 |
507,382 |
(6,943) |
(1.3) |
3,573 |
3,232 |
Operating profit: |
37,396 |
25,842 |
(11,554) |
(30.9) |
182 |
165 |
Profit before income taxes: |
58,445 |
47,771 |
(10,674) |
(18.3) |
336 |
304 |
Profit attributable to owners of the parent: |
43,197 |
33,879 |
(9,318) |
(21.6) |
239 |
216 |
(See note above regarding exchange rates) |
Guidance for the Fiscal Year Ending
With declining growth rates in most major economies, the anticipated recovery in demand from the Semiconductor- and Information & Communications- related markets did not occur during this nine-month period. Consequently, consolidated financial results were lower than expected. Further, with sluggish conditions projected to continue in major markets during the company’s fourth fiscal quarter,
Consolidated Forecast: Year Ending
Unit: Yen in millions (except percentages, per-share amounts and exchange rates) | ||||||||
Fiscal 2023 Results |
Fiscal 2024 Forecast Announced on |
Fiscal 2024 Forecast Announced on |
Change (%) from Fiscal 2023 Results |
|||||
Sales revenue: |
2,025,332 |
2,050,000 |
2,000,000 |
(1.3) |
||||
Operating profit: |
128,517 |
120,000 |
95,000 |
(26.1) |
||||
Profit before income taxes: |
176,192 |
170,000 |
140,000 |
(20.5) |
||||
Profit attributable to owners of the parent: |
127,988 |
123,000 |
100,000 |
(21.9) |
||||
Earnings per share attributable to owners of the parent (basic)*1: |
89.15 |
86.89 |
*2 |
70.76 |
*3 |
- |
||
Average USD exchange rate: |
135 |
140 |
143 |
- |
||||
Average EUR exchange rate: |
141 |
152 |
155 |
- |
||||
*1: Earnings per share is recalculated to reflect the previously announced 4-for-1 stock split (effective |
||||||||
*2: Based on the average number of shares outstanding during the six months ended |
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*3: Based on the average number of shares outstanding during the nine months ended |
Forward‐Looking Statements
Please refer to https://global.kyocera.com/ir/disclaimer.html
View source version on businesswire.com: https://www.businesswire.com/news/home/20240131830153/en/
Corporate Communications
Tel: +81-(0)75-604-3416
Fax:+81-(0)75-604-3516
E-Mail: webmaster.pressgl@kyocera.jp
Website: https://global.kyocera.com/
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