Kyoto, Japan, April 26, 2024–(BUSINESS WIRE)–Kyocera Corporation (Tokyo: 6971) today announced its consolidated financial results for the fiscal year ended March 31, 2024 (the “2024 fiscal year” or “period”) as summarized below. Did. For more information, please visit https://global.kyocera.com/ir/library/f_results.html.
Consolidated results: YoY comparison
|
Unit: Millions (excluding percentages and amounts per share) |
||||||
|
Years ended March 31st |
||||||
|
2023 |
2024 |
change |
2024 |
2024 |
||
|
amount |
% |
|||||
|
Sales revenue: |
2,025,332 |
2,004,221 |
(21,111) |
(1.0) |
13,273 |
12,296 |
|
Operating income: |
128,517 |
92,923 |
(35,594) |
(27.7) |
615 |
570 |
|
Pre-tax profit: |
176,192 |
136,143 |
(40,049) |
(22.7) |
902 |
835 |
|
Profits attributable to owners of the parent company: |
127,988 |
101,074 |
(26,914) |
(21.0) |
669 |
620 |
|
Net income per share attributable to owners of the parent (basic)*: |
89.15 |
71.58 |
– |
– |
0.47 |
0.44 |
|
Note on exchange rates: For the convenience of the reader, conversions between US dollars (USD) and euros (EUR) are rounded to the nearest unit, based on the following rates: USD1 = 151 yen, EUR1 = 163 yen. (as of March 29). 2024) |
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|
*Earnings per share have been recalculated to reflect the previously announced 4-for-1 stock split (effective January 1, 2024). |
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summary
The global economy remained generally strong during this period, as monetary policy in many regions slowed growth and heightened geopolitical risks. Although orders recovered in the main automotive parts market, the recovery was incomplete as inventory adjustments continued to be difficult in the semiconductor-related and information and communications-related markets.
Consolidated sales revenue decreased 1.0% from the previous fiscal year to 2,004,221 million yen, mainly due to a decrease in demand for major products in the core components business and electronic components business, despite an increase in sales. Revenue from the company's solutions business.
Consolidated profit also decreased due to a decline in production capacity due to a decrease in orders and an increase in costs such as personnel expenses. However, the company continued to make aggressive capital investments in order to expand production in line with future recovery.
As a result, operating income decreased by 27.7% to 92,923 million yen. Pre-tax profit decreased 22.7% to 136,143 million yen (US$902 million). Net income attributable to owners of the parent company decreased 21.0% to 101,074 million yen (US$669).
Consolidated Financial Highlights: Fourth Quarter
|
Unit: Million (excluding percentage) |
||||||
|
3 months ending March 31st |
||||||
|
2023 |
2024 |
change |
2024 |
2024 |
||
|
amount |
% |
|||||
|
Sales revenue: |
498,835 |
511,549 |
12,714 |
2.5 |
3,388 |
3,138 |
|
Operating income: |
14,633 |
13,079 |
(1,554) |
(10.6) |
87 |
80 |
|
Pre-tax profit: |
13,436 |
10,505 |
(2,931) |
(21.8) |
70 |
64 |
|
Profits attributable to owners of the parent company: |
9,205 |
10,708 |
1,503 |
16.3 |
71 |
66 |
|
(See note above regarding exchange rates) |
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Consolidated earnings forecast for the fiscal year ending March 2025
In 2025, inventory adjustments are expected to continue in the semiconductor and information and communications related markets, which are the company's main sources of revenue. However, a recovery is expected in the second half (six months to March 31, 2025).
Kyocera will make proactive and strategic capital investments, prepare well for a recovery in demand for semiconductors and information and communications-related parts, and aim to expand its core parts and electronic parts businesses. In our solutions business, we are working on the development of new products, services, and businesses. At the same time, we will continue to carry out structural reforms aimed at revitalizing low-profit, low-growth businesses and strive to improve profitability.
The consolidated business forecasts below are based on assumed exchange rates of 145 yen to the dollar and 155 yen to the euro for the fiscal year ending March 2025.
|
Unit: Million yen (excluding percentage, amount per share, and exchange rate) |
||||||
|
2024 |
Outlook for fiscal 2025 |
change |
||||
|
Sales revenue: |
2,004,221 |
2,050,000 |
2.3 |
|||
|
Operating income: |
92,923 |
110,000 |
18.4 |
|||
|
Pre-tax profit: |
136,143 |
150,000 |
10.2 |
|||
|
Profits attributable to owners of the parent company: |
101,074 |
112,000 |
10.8 |
|||
|
Earnings per share |
71.58 |
79.31 |
* |
– |
||
|
Average US dollar exchange rate: |
145 |
145 |
– |
|||
|
Average euro exchange rate: |
157 |
155 |
– |
|||
|
*Based on the average number of outstanding shares for the fiscal year ending March 2024 |
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Forward-looking statements
See https://global.kyocera.com/ir/disclaimer.html.
About Kyocera
Kyocera Corporation (Tokyo: 6971, https://global.kyocera.com/), the parent company and global headquarters of the Kyocera Group, was founded in 1959 as a manufacturer of fine ceramics (also known as “advanced ceramics”). it was done. By combining these processed materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packaging, electronic devices, smart energy systems, printers, copiers, and mobile phones. Ta.Kyocera is ranked 672nd forbes Selected in the magazine's 2023 “Global 2000” list of the world's largest listed companies, and Wall Street Journal.
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contact address
Kyocera Corporation (Japan)
corporate communication
Kenichi Hara
Phone number: 075-604-3514
FAX: 075-604-3516
webmaster.pressgl@kyocera.jp
