Kyocera Reports Latest Financial Results

Kyocera Corporation of Kyoto, Japan, today announced results for its fiscal fourth quarter (April 1 to June 30, 2018), with the firm reporting “record sales revenue” of JPY387,484 (U.S. $3,491) million for the quarter, an increase of 12.3 percent versus the same quarter a year ago.

The firm says its record sales were due mainly to the following:

  • Its Electronic Devices Group and Industrial & Automotive Components Group both experienced “robust demand,” coupled with new sales contributions from units merged and acquired during the prior fiscal year.
  • Sales in the Document Solutions Group increased as a result of aggressive sales promotion activities, new sales contributions from businesses gained through mergers and acquisitions during the previous fiscal year, and the impact of foreign-currency exchange-rate fluctuations.

Operating profit increased 18.7 percent to JPY37,104 (U.S. $334) million for the quarter, due mainly to sales growth and continued cost reductions. Profit before income taxes increased 12.4 percent to JPY55,488 (U.S. $500) million, and profit attributable to owners of the parent increased 20.7 percent to JPY42,284 (U.S. $381) million.

Consolidated Results of Operations: Three Months Ended June 30

Unit: Millions (except percentages and per-share amounts)
Three Months Ended June 30,

in JPY

in JPY


in USD

in EUR


in JPY

Sales revenue: 345,162 387,484 42,322 12.3 3,491 3,027
Operating profit: 31,260 37,104 5,844 18.7 334 290
Profit before income taxes: 49,353 55,488 6,135 12.4 500 434

Profit attributable to owners of
the parent:

35,026 42,284 7,258 20.7 381 330

Earnings per share attributable
to owners of the parent (basic):

95.25 116.29 1.05 0.91
Note on exchange rates: U.S. dollar (USD) and euro (EUR) conversions are provided above as a convenience to the reader, based on the rates of USD1 = JPY111 and EUR1 = JPY128, rounded to the nearest unit (as of June 30, 2018)


Kyocera stated that since demand for components used in automotive and industrial machinery markets is expected to increase, and the Document Solutions Group is expected to expand sales both in the second quarter (three months ending September 30, 2018) and beyond, it’s has made no changes to its sales revenue and profit forecasts for the year ending March 31, 2019 that it announced on April 26, 2018.

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

Fiscal 2018

Fiscal 2019

(%) from
Fiscal 2018

Sales revenue: 1,577,039 1,650,000 4.6
Operating profit: 90,699 154,000 69.8
Profit before income taxes: 129,992 190,000 46.2

Profit attributable to owners of the

79,137 134,000 69.3

Earnings per share attributable to
owners of the parent (basic):

215.22 368.54 *
Average USD exchange rate: 111 105
Average EUR exchange rate: 130 130
*Forecast of “Earnings per share attributable to owners of the parent (basic)” is calculated using the average number of shares outstanding during the three months ended June 30, 2018.

More Resources

%d bloggers like this: