THE NEW VALUE FRONTIER

Financial Highlights

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  • *FY: Years ended March 31.

Consolidated Financial Results

Consolidated Financial Results for the Year Ended March 31, 2018 ("FY18")

Sales increased in the Components Business due to strong component demand in information and communications, automotive-related and industrial machinery markets, coupled with vigorous expansion of production capacity. Sales in the Document Solutions Group also increased due to the launch of new products and aggressive sales promotion activities. Merger and acquisition activities also contributed. As a result, consolidated net sales for FY18 increased by 10.8% compared with the previous year (FY17). This result is a record high for fiscal year sales.

Profits decreased compared with FY17. These results were due to the recording of a write-down in the amount of approximately ¥50 billion relating to long-term purchase agreements for procurement of polysilicon material in the solar energy business, included within the Life & Environment Group, which more than offset improvements in profitability in the Components Business and the Document Solutions Group resulting from the sales growth and efforts to reduce costs and raise productivity. Tax expenses primarily resulting from amendments to U.S. tax law and incurred by subsidiaries such as our U.S. subsidiary AVX Corporation pushed down net income attributable to Kyocera Corporation's shareholders by approximately ¥11 billion.

(Published on April 26, 2018)

Net sales

Profit from operations

Pre-tax profit

Net income attributable to Kyocera Corporation’s shareholders

Consolidated Financial Forecasts

Consolidated Financial Forecasts for the Year Ending March 31, 2019 ("FY19")

In FY19, we expect the information and communications market, automotive-related markets and the semiconductor industry markets to remain favorable. We expect an increase in demand for high-performance components for these markets, and proactive efforts to expand production capacity since FY18, as well as merger and acquisition activities are expected to contribute to sales in FY19.

We also expect an increase in profit due to sales growth and production cost reductions, as well as enhanced productivity through use of AI and robots.

In light of these forecasts, Kyocera projects financial results for FY19 as shown in the charts below.

(Published on April 26, 2018)

Net sales

Profit from operations

Pre-tax profit

Net income attributable to Kyocera Corporation’s shareholders