Welcome!

News Feed Item

KYOCERA Announces Consolidated Financial Results for Nine Months Ended December 31, 2012

Kyocera Corporation ("Kyocera") (NYSE:KYO) (TOKYO:6971) today issued its third quarterly announcement of consolidated financial results for the fiscal year ending March 31, 2013. The results, summarized below, represent the nine months ended December 31, 2012 ("the period"). Complete details are available at: http://global.kyocera.com/ir/financial/f_results.html

 

Consolidated Financial Highlights: Nine Months Ended December 31
Unit: Millions (except percentages and per-share amounts)

    Nine Months Ended December 31

2011
(FY12)
in JPY

 

2012
(FY13)
in JPY

 

Increase
(Decrease)

 

2012
(FY13)
in USD

 

2012
(FY13)
in EUR

Amount
in JPY

  %
Net sales: 885,389 926,524 41,135 4.6 10,650 8,057
Profit from operations: 88,373 51,234 (37,139) (42.0) 589 446
Income before income taxes: 102,604 68,882 (33,722) (32.9) 792 599

Net income attributable to
shareholders of Kyocera
Corporation:

72,110 44,970 (27,140) (37.6) 517 391

Diluted earnings per share
attributable to shareholders
of Kyocera Corporation:

  393.07   245.15   -   -   2.82   2.13

Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR) conversions are provided at the
rates of USD1 = JPY87 and EUR1 = JPY115, rounded to the nearest unit.

 

Summary
Despite continued harsh conditions in the overall business environment, Kyocera recorded increased sales in its semiconductor components and applied ceramic products segments during the period, as compared with the nine months ended December 31, 2011 ("the previous period"). In addition, new wholly-owned subsidiaries acquired during the fourth quarter of the year ended March 31, 2012 contributed to Kyocera's net sales throughout the period. However, profit decreased as compared with the previous period, due primarily to a JPY21,300 (USD266) million charge1 recorded at AVX Corporation, a U.S.-based subsidiary, for environmental remediation in New Bedford Harbor, Massachusetts (U.S.A.), coupled with price erosion in the electronic components market and the impact of currency fluctuations.

As a result, compared with the previous period, consolidated net sales increased by 4.6%, to JPY926,524 (USD10,650) million; while profit from operations decreased by 42.0%, to JPY51,234 (USD589) million; income before income taxes decreased 32.9%, to JPY68,882 (USD792) million; and net income attributable to shareholders of Kyocera Corporation decreased by 37.6%, to JPY44,970 (USD517) million.

 

Consolidated Financial Highlights: Third Quarter Comparison
Unit: Millions (except percentages)

 

  Three Months Ended December 31

2011
(FY12-Q3)
in JPY

 

2012
(FY13-Q3)
in JPY

 

Increase
(Decrease)

 

2012
(FY13-Q3)
in USD

 

2012
(FY13-Q3)
in EUR

Amount
in JPY

  %
Net sales: 281,121 318,093 36,972 13.2 3,656 2,766
Profit from operations: 20,610 25,343 4,733 23.0 291 220
Income before income taxes: 27,039 33,150 6,111 22.6 381 288

Net income attributable to
shareholders of Kyocera
Corporation:

  25,342   19,599   (5,743)   (22.7)   225   170

Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR) conversions are provided at the
rates of USD1 = JPY87 and EUR1 = JPY115, rounded to the nearest unit.

 

Consolidated Financial Forecasts: Year Ending March 31, 2013
During the three months ended December 31, 2012 (the "third quarter," or "Q3"), demand for component products fell short of projections in consumer equipment and industrial machinery markets. In the three months ending March 31, 2013 (the "fourth quarter," or "Q4"), it is expected that, while sales in the company's solar energy business in Japan will grow significantly, general demand for components used in digital consumer electronics will be lower than expected at the time of the company's October 2012 forecast.

Based on these expectations, Kyocera has revised its forecasts of consolidated financial results and average exchange rates for the year ending March 31, 2013 from the projections announced in October 2012, as shown below.

 

 

Unit: Yen in millions (except percentages and exchange rates)

  Fiscal 2013 Forecasts Announced on  

Increase
(Decrease)
(%) to
Fiscal 2012
Results

Fiscal 2012
Results

October 31, 2012   January 31, 2013
Net sales: 1,190,870 1,320,000   1,280,000 7.5
Profit from operations: 97,675 100,000 73,000 (25.3 )
Income before income taxes: 114,893 115,000 91,500 (20.4 )

Net income attributable to shareholders
of Kyocera Corporation:

79,357 75,000 57,000 (28.2 )
Average USD exchange rate: 79 79 82 -
Average EUR exchange rate: 109 101   106 -  
 

1 The charge was converted into yen using the P&L rate of USD1 = JPY80, the average exchange rate in FY13-Q1, rounded to the nearest unit, according to the actual amount recorded in Kyocera's FY13-Q1 consolidated results.

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 plastics, and integrating them with other technologies, Kyocera has become a leading supplier of solar power generating systems, telecommunications equipment, printers, copiers, electronic components, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2012, the company's net sales totaled 1.19 trillion yen (approx. USD14.5 billion). The company is ranked #426 on Forbes magazine's 2012 "Global 2000" listing of the world's largest publicly traded companies.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
By 2021, 500 million sensors are set to be deployed worldwide, nearly 40x as many as exist today. In order to scale fast and keep pace with industry growth, the team at Unacast turned to the public cloud to build the world's largest location data platform with optimal scalability, minimal DevOps, and maximum flexibility. Drawing from his experience with the Google Cloud Platform, VP of Engineering Andreas Heim will speak to the architecture of Unacast's platform and developer-focused processes.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in development and launches of disruptive technologies to create new market opportunities as well as enhance enterprise product portfolios with emerging technologies. His most recent venture was Octoblu, a cross-protocol Internet of Things (IoT) mesh network platform, acquired by Citrix. Prior to co-founding Octoblu, Chris was founder of Nodester, an open-source Node.JS PaaS which was acquired by AppFog and ...
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...