Kyocera Announces Consolidated Financial Results for Year Ended March 31, 2024
Consolidated Results: Year-Over-Year
Unit: Millions (except percentages and per-share amounts) | ||||||
Year Ended |
||||||
2023 (FY23) in JPY |
2024 (FY24) in JPY |
Change | 2024 (FY24) in USD |
2024 (FY24) in EUR |
||
Amount in JPY |
% | |||||
Sales revenue: |
2,025,332 |
2,004,221 |
(21,111) |
(1.0) |
13,273 |
12,296 |
Operating profit: |
128,517 |
92,923 |
(35,594) |
(27.7) |
615 |
570 |
Profit before income taxes: |
176,192 |
136,143 |
(40,049) |
(22.7) |
902 |
835 |
Profit attributable to owners of the parent: |
127,988 |
101,074 |
(26,914) |
(21.0) |
669 |
620 |
Earnings per share attributable to owners of the parent (basic)*: |
89.15 |
71.58 |
- |
- |
0.47 |
0.44 |
Note on exchange rates: |
||||||
* Earnings per share is recalculated to reflect the previously announced 4-for-1 stock split (effective |
Summary
The global economy remained generally solid during this period, with growth rates slowed by monetary policies in many regions and rising geopolitical risks. While orders recovered in the company’s key automotive components market, the semiconductor- and information & communication-related markets continued to struggle with inventory adjustments, leaving the recovery incomplete.
As compared to the prior fiscal year, consolidated sales revenue decreased by 1.0%, to
Consolidated profits declined also, due mainly to lower production capacity utilization rates caused by reduced orders, as well as an increase in labor expenses and other costs. Nonetheless, the company continued proactive capital investment to allow production expansion as recovery occurs in the future.
As a result, operating profit decreased by 27.7%, to
Consolidated Financial Highlights: Fourth Quarter
Unit: Millions (except percentages) | ||||||
Three Months Ended |
||||||
2023 (FY23-Q4) in JPY |
2024 (FY24-Q4) in JPY |
Change | 2024 (FY24-Q4) in USD |
2024 (FY24-Q4) in EUR |
||
Amount in JPY |
% | |||||
Sales revenue: |
498,835 |
511,549 |
12,714 |
2.5 |
3,388 |
3,138 |
Operating profit: |
14,633 |
13,079 |
(1,554) |
(10.6) |
87 |
80 |
Profit before income taxes: |
13,436 |
10,505 |
(2,931) |
(21.8) |
70 |
64 |
Profit attributable to owners of the parent: |
9,205 |
10,708 |
1,503 |
16.3 |
71 |
66 |
(See note above regarding exchange rates) |
Consolidated Forecasts: Year Ending
During fiscal year 2025, inventory adjustments are expected to continue in the semiconductor- and information & communication-related markets, which comprise the company’s major source of revenue; however, recovery is anticipated in the latter half (i.e., the six months ending
Kyocera aims to expand its business in the Core Components and Electronic Components segments by preparing thoroughly for a recovery in demand for semiconductor- and information & communication-related components, following our proactive and strategic capital investment initiative. In the Solutions segment, the company seeks to develop new products, services, and businesses. At the same time, Kyocera will strive to improve profitability through continued implementation of structural reforms aimed at revitalizing lower-profit, lower-growth businesses.
The consolidated financial forecasts outlined below are based on expected exchange rates of
Unit: Yen in millions (except percentages, per-share amounts and exchange rates) | ||||||
Fiscal 2024 Results |
Fiscal 2025 Forecasts | Change (%) from Fiscal 2024 Results |
||||
Sales revenue: |
2,004,221 |
2,050,000 |
2.3 |
|||
Operating profit: |
92,923 |
110,000 |
18.4 |
|||
Profit before income taxes: |
136,143 |
150,000 |
10.2 |
|||
Profit attributable to owners of the parent: |
101,074 |
112,000 |
10.8 |
|||
Earnings per share attributable to owners of the parent (basic): |
71.58 |
79.31 |
* |
- |
||
Average USD exchange rate: |
145 |
145 |
- |
|||
Average EUR exchange rate: |
157 |
155 |
- |
|||
*Based on the average number of shares outstanding during the year 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/20240425111670/en/
Corporate Communications
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Fax: +81-(0)75-604-3516
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