KYOCERA Announces Consolidated Financial Results for Three Months Ended June 30, 2021
As a result, first quarter revenue increased by JPY103,618 (USD 933) million, or 32.7% over the prior first quarter, to a record high of JPY420,712 (USD3,790) million.
Kyocera Corporation (TOKYO:6971) today announced its consolidated financial results for the three months ended June 30, 2021 (the “first quarter,” or “FY22-Q1”), as summarized below. Complete details are available at:
https://global.kyocera.com/ir/library/f_results.html
Consolidated Results of Operations: Three Months Ended June 30
| Unit: Millions (except percentages and per-share amounts) | ||||||
| Three Months Ended June 30, | ||||||
| 2020 (FY21-Q1) in JPY |
2021 (FY22-Q1) in JPY |
Change | 2021 (FY22-Q1) in USD |
2021 (FY22-Q1) in EUR |
||
| Amount in JPY |
% | |||||
| Sales revenue: |
317,094 |
420,712 |
103,618 |
32.7 |
3,790 |
3,187 |
| Operating profit: |
7,574 |
32,376 |
24,802 |
327.5 |
292 |
245 |
| Profit before income taxes: |
30,411 |
54,476 |
24,065 |
79.1 |
491 |
413 |
| Profit attributable to owners of the parent: |
22,380 |
40,760 |
18,380 |
82.1 |
367 |
309 |
| Earnings per share attributable to owners of the parent (basic): |
61.75 |
112.46 |
－ |
－ |
1.01 |
0.85 |
| 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 = JPY132, rounded to the nearest unit (as of June 30, 2021) | ||||||
Summary
This first quarter brought increased demand in the company’s major markets, particularly semiconductor-related markets, as compared to the prior first quarter, which encompassed the initial impact of the COVID-19 pandemic. The company recorded significant increases in first quarter revenue and profit in all segments, as a result of sales expansion initiatives, a strategic production capacity expansion begun in FY19 mainly in the components segment, and continued progress in reducing cost and improving productivity companywide.
As a result, first quarter revenue increased by JPY103,618 (USD 933) million, or 32.7% over the prior first quarter, to a record high of JPY420,712 (USD3,790) million. Operating profit increased by JPY24,802 (USD223) million, or 327.5%, to JPY32,376 (USD292) million; profit before income taxes increased by JPY24,065 (USD217) million, or 79.1%, to JPY54,476 (USD491) million; and profit attributable to owners of the parent increased by JPY18,380 (USD166) million, or 82.1%, to JPY40,760 (USD367) million.
Averaged exchange rates during the first quarter show the Japanese yen weakened against both the U.S. dollar (by 0.9%, to JPY109) and the euro (by 11.9%, to JPY132), year over year. This had the effect of increasing sales revenue by approximately JPY13 billion (USD117 million), and increasing profit before income taxes by approximately JPY4.5 billion (USD41 million).
Consolidated Forecasts: Year Ending March 31, 2022
Consolidated forecasts for the fiscal year ending March 31, 2022 (“fiscal 2022”) remain unchanged from those announced in April 2021, with first quarter results representing a favorable start.
The company anticipates solid demand in key markets, led by 5G components and Fine Ceramic components for semiconductor processing equipment, although the impact of semiconductor supply shortages in various markets will create continued uncertainty even after the second quarter (i.e., the three months ending Sept. 30, 2021). Amid such circumstances, the company will aim to achieve our consolidated financial forecasts through aggressive efforts both in acquiring new orders and in increasing production through capital investment, and higher productivity.
| Unit: Yen in millions (except percentages, per-share amounts and exchange rates) | ||||||
| Fiscal 2021 Results |
Fiscal 2022 Forecast |
Change (%) from Fiscal 2021 Results |
||||
| Sales revenue: |
1,526,897 |
1,730,000 |
13.3 |
|||
| Operating profit: |
70,644 |
117,000 |
65.6 |
|||
| Profit before income taxes: |
117,559 |
160,000 |
36.1 |
|||
| Profit attributable to owners of the parent: |
90,214 |
113,000 |
25.3 |
|||
| Earnings per share attributable to owners of the parent (basic): |
248.91 |
311.78 |
* |
- |
||
| Average USD exchange rate: |
106 |
105 |
- |
|||
| Average EUR exchange rate: |
124 |
125 |
- |
|||
| Based on the average number of shares outstanding during the three months ended June 30, 2021. | ||||||
FORWARD-LOOKING STATEMENTS
Please refer to https://global.kyocera.com/ir/disclaimer.html
Kyocera Corporation (TOKYO:6971, https://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 industrial and automotive components, semiconductor packages, electronic devices, smart energy systems, printers, copiers, and mobile phones. During the year ended March 31, 2021, the company’s consolidated sales revenue totaled 1.5 trillion yen (approx. US$13.8 billion). Kyocera is ranked #603 on Forbes magazine’s 2021 “Global 2000” list of the world’s largest publicly traded companies, and appears on The Wall Street Journal’s latest list of “The World’s 100 Most Sustainably Managed Companies.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20210728006165/en/