THE NEW VALUE FRONTIER

Financial Highlights

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  • *FY: Years ended March 31.

Consolidated Financial Results

Consolidated Financial Results for the Six Months Ended September 30, 2022 ("FY23 1H") [Year-on-Year change]

During FY23 1H, supply chain disruptions and price increases in raw materials, etc., continued due to the unstable global situation. In addition, the yen depreciated substantially in the foreign exchange market.

At Kyocera, due to the contribution of investments in expanding component production for the 5G and semiconductor-related markets to meet robust demand, and due also to increased sales by the Industrial Tools Unit and the Document Solutions Unit, sales revenue of all reporting segments increased as compared with the six months ended September 30, 2021 ("FY22 1H"). Sales revenue for FY23 1H increased by 15.5%, as compared with FY22 1H, including the impact of weaker yen, marking a record high for a first half period.

Profit increased slightly as compared with FY22 1H, due to price increases in raw materials, etc., a decrease in sales of the Communications Unit, and a one-time cost recorded in connection with a litigation in the amount of approximately 7 billion yen, which largely offset the impact of increases in sales revenue and the weaker yen. Operating profit increased by 1.1%, profit before income taxes increased by 5.0%, and profit attributable to owners of the parent increased by 3.2%.

Sales revenue

Operating profit

Profit before income taxes

Profit attributable to owners of the parent

Consolidated Financial Forecasts

Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2023 ("FY23")

[Released on October 31, 2022]

The forecast for FY23 has not been changed from the forecast announced in April 2022.

Even though the financial results of the Communications Unit were below projections, the consolidated results for FY23 1H were generally within the range of our projections made at the beginning of FY23 due to an increase in sales of components for the 5G and semiconductor-related markets, as well as the impact of the weaker yen. For the three months ending December 31, 2022 and onward, although the outlook remains uncertain due to concerns for the continuation of price increases in raw materials, etc., as well as global recession risks, we aim to achieve our consolidated financial forecasts by making efforts to acquire orders and increase sales, and by pursuing further improvements in productivity.

Sales revenue

Operating profit

Profit before income taxes

Profit attributable to owners of the parent