Welcome!

News Feed Item

KYOCERA Announces Consolidated Financial Results for Three Months Ended June 30, 2014

Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its consolidated financial results for the first quarter of fiscal year 2015 (the three months ended June 30, 2014, or “Q1”), as summarized below. Complete details are available at: http://global.kyocera.com/ir/financial/f_results.html

 

Financial Results: Three Months Ended June 30

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

    Three Months Ended June 30,
2013

(FY14-Q1)

in JPY

  2014

(FY15-Q1)

in JPY

 

Increase
(Decrease)

 

2014
(FY15-Q1)
in USD

 

2014
(FY15-Q1)
in EUR

Amount

in JPY

  %
Net sales: 331,655 334,714 3,059 0.9 3,314 2,425
Profit from operations: 25,398 18,782 (6,616) (26.0) 186 136
Income before income taxes: 34,813 30,680 (4,133) (11.9) 304 222

Net income attributable to
shareholders of Kyocera
Corporation:

22,651 19,467 (3,184) (14.1) 193 141

Diluted earnings per share
attributable to shareholders of
Kyocera Corporation*1:

  61.74   53.06   -   -   0.53   0.38

Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR) conversions are provided based on the rates of USD1 = JPY101 and EUR1 = JPY138, rounded to the nearest unit.

 

Summary of Consolidated Financial Results

Digital consumer equipment, including the components required therein, represents the principal market for Kyocera Corporation and its consolidated subsidiaries (“Kyocera Group” or “Kyocera”). Compared with the three months ended June 30, 2013 (the “prior period”), Q1 brought essentially no growth in the mobile phone market globally as rising demand for smartphones was offset by contracting demand for conventional handsets. Growth in Japan’s solar energy market slowed due mainly to the completion of government subsidies for residential solar power generating systems, and to the impact of higher consumption tax. Conversely, global sales of automobiles increased steadily, particularly in China and the United States.

Kyocera succeeded in recording its highest first-quarter consolidated revenue to date, led by rising sales in the Information Equipment and Fine Ceramic Parts segments. Additionally, sales rose in the Semiconductor Parts segment due to revenue from a new subsidiary acquired in the prior fiscal year. In contrast, Q1 sales decreased in the Applied Ceramic Products segment as well as the Electronic Device segment which undertook structural reforms in the prior fiscal year. Consolidated Q1 profit declined due to lower profitability in the Applied Ceramic Products, Semiconductor Parts, and Telecommunications Equipment segments, which offset increased profit in the Information Equipment and Electronic Device segments.

In summary, consolidated net sales increased 0.9% over the prior period, to JPY334,714 (USD3,314) million; profit from operations decreased 26.0%, to JPY18,782 (USD186) million; income before income taxes decreased 11.9%, to JPY30,680 (USD304) million; and net income attributable to shareholders of Kyocera Corporation decreased 14.1%, to JPY19,467 (USD193) million.

Consolidated Forecasts for the Year Ending March 31, 2015

From the second quarter onward, Kyocera expects component demand to increase among producers of digital consumer equipment, led by new smartphone introductions, as well as the proliferation of smartphones in emerging markets. Kyocera will seize such demand and aim to expand sales of miniaturized, high-performance components; increase market share; and improve profitability by pursuing thorough cost reductions. In the automotive market, Kyocera will strive to enhance customer development and expand sales by applying the collective strengths of the Kyocera Group.

In the Telecommunications Equipment segment, Kyocera will work to increase sales of mobile phones by launching new products both in Japan and overseas and by cultivating major customers outside of Japan. In the Information Equipment segment, Kyocera will also make efforts to expand sales of printers and multifunctional products both in mature and emerging markets, while striving to enhance profitability by increasing production in Vietnam. Based on the above, the Company makes no change to the sales and profit forecasts for fiscal year 2015 that were announced on April 28, 2014.

 

Consolidated Forecast: Year Ending March 31, 2015

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

   

Fiscal 2014
Results

 

Fiscal 2015
Forecast

 

Increase
(Decrease)
(%) to Fiscal
2014 Results

Net sales: 1,447,369 1,580,000 9.2
Profit from operations: 120,582 135,000 12.0
Income before income taxes: 146,268 158,000 8.0

Net income attributable to
shareholders of Kyocera Corporation:

88,756 97,000 9.3

Diluted earnings per share attributable
to shareholders of Kyocera
Corporation*1,*2:

241.93 264.40 -
Average USD exchange rate: 100 100 -
Average EUR exchange rate: 134   137   -  
 

*1 A “two-for-one” split of all Kyocera Corporation common shares was implemented on October 1, 2013. To allow comparison, “Diluted earnings per share attributable to shareholders of Kyocera Corporation” is computed as though this stock split had taken effect on April 1, 2013.

*2 Forecast of “Diluted earnings per share attributable to shareholders of Kyocera Corporation” is based on the average number of shares outstanding during the three months ended June 30, 2014.

 

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 solar power generating systems, mobile phones, printers, copiers, electronic components, semiconductor packages, cutting tools and industrial ceramics. The company is ranked #531 on Forbes magazine’s 2014 “Global 2000” listing of the world’s largest publicly traded companies, and was named as the world’s No.1 manufacturer of advanced ceramics in the latest ranking by Ceramic Industry magazine.

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
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.