- *FY: Years ended / ending March 31.
Consolidated Financial Results
Consolidated Financial Results for the Nine Months Ended December 31, 2024 ("FY25 1Q-3Q") [Year-on-Year change]
During FY25 1Q-3Q, the global economy continued to grow moderately. In semiconductor-related markets and information and communication-related markets, which are our principal markets, generative AI continued to drive demand for data centers, but demands for general purpose data centers, smartphones and automotive markets, etc. remained sluggish.
Sales revenue for FY25 1Q-3Q was almost flat as compared with the nine months ended December 31, 2023 ("FY24 1Q-3Q"). Sales revenue of the Electronic Components Business and the Solutions Business exceeded the sales revenue of FY24 1Q-3Q partly due to the impact of a weaker yen, while sales revenue of the Core Components Business decreased slightly due to the weak demand for components.
Profit decreased significantly due mainly to a lower utilization ratio of production facilities in the Core Components Business and the Electronic Components Business and higher labor and other costs, as well as the recording of a loss for impairment of property, plant and equipment, etc. in the amount of approximately 43 billion yen in the Organic Packages and Boards Business, due to decline in sales and profits caused by the prolonged stagnant demand of FCBGAs for general purpose data centers, which is the main product of the business. As a result, as compared with FY24 1Q-3Q, operating profit decreased by 84.6% and profit before income taxes decreased by 59.8%. Profit attributable to owners of the parent decreased by 79.7%, due partly to the recording of tax expenses in the amount of approximately 18 billion yen resulting from reversal of deferred tax assets, etc. at overseas subsidiaries.
Sales revenue
- Sales revenue (Yen in billions)
| FY24 1Q | FY24 2Q | FY24 3Q | FY24 4Q | FY25 1Q | FY25 2Q | FY25 3Q |
|---|
| Sales revenue (Yen in billions) | 479.4 | 505.9 | 507.4 | 511.5 | 498.9 | 499.7 | 493.5 |
|---|
Operating profit
- Operating profit (Yen in billions)
- Operating profit ratio (%)
| FY24 1Q | FY24 2Q | FY24 3Q | FY24 4Q | FY25 1Q | FY25 2Q | FY25 3Q |
|---|
| Operating profit (Yen in billions) | 25.7 | 28.3 | 25.8 | 13.1 | 21.0 | 16.9 | -25.6 |
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| Operating profit ratio (%) | 5.4 | 5.6 | 5.1 | 2.6 | 4.2 | 3.4 | − |
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Profit before income taxes
- Profit before income taxes (Yen in billions)
- Profit before income taxes ratio (%)
| FY24 1Q | FY24 2Q | FY24 3Q | FY24 4Q | FY25 1Q | FY25 2Q | FY25 3Q |
|---|
| Profit before income taxes (Yen in billions) | 50.5 | 27.4 | 47.7 | 10.5 | 47.8 | 4.0 | -1.3 |
|---|
| Profit before income taxes ratio (%) | 10.5 | 5.4 | 9.4 | 2.1 | 9.6 | 0.8 | − |
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Profit attributable to owners of the parent
- Profit attributable to owners of the parent (Yen in billions)
- Profit attributable to owners of the parent ratio (%)
| FY24 1Q | FY24 2Q | FY24 3Q | FY24 4Q | FY25 1Q | FY25 2Q | FY25 3Q |
|---|
| Profit attributable to owners of the parent (Yen in billions) | 37.4 | 19.1 | 33.9 | 10.7 | 36.8 | -0.7 | -17.8 |
|---|
| Profit attributable to owners of the parent ratio (%) | 7.8 | 3.8 | 6.7 | 2.1 | 7.4 | − | − |
|---|
Consolidated Financial Forecasts
Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2025 ("FY25")
[Released on February 3, 2025]
During FY25 1Q-3Q, Kyocera recorded one-time costs such as a loss for impairment of property, plant and equipment in the Organic Packages and Boards Business and tax expenses resulting from reversal of deferred tax assets, etc. at overseas subsidiaries. In addition, regarding the Solutions Business, market recovery primarily in the Industrial Tools Unit and the Smart Energy Business has been below our original expectations. In light of this business outlook, Kyocera has revised its consolidated financial forecast for FY25 as set forth below.
By designating profitability improvement as a top priority, Kyocera will steadily implement management initiatives such as fundamental structural reforms in the Organic Packages and Boards Business and KAVX Group. Especially for the Organic Packages and Boards Business, Kyocera will take measures such as suspension of a capital expenditure originally planned to expand production capacity for existing products and relocation of personnel from such business.
Sales revenue
- Sales revenue (Yen in billions)
| FY22 Results | FY23 Results | FY24 Results | FY25 Forecasts |
|---|
| Sales revenue (Yen in billions) | 1,838.9 | 2,025.3 | 2,004.2 | 2,000.0 |
|---|
Operating profit
- Operating profit (Yen in billions)
- Operating profit ratio (%)
| FY22 Results | FY23 Results | FY24 Results | FY25 Forecasts |
|---|
| Operating profit (Yen in billions) | 148.9 | 128.5 | 92.9 | 21.0 |
|---|
| Operating profit ratio (%) | 8.1 | 6.3 | 4.6 | 1.1 |
|---|
Profit before income taxes
- Profit before income taxes (Yen in billions)
- Profit before income taxes ratio (%)
| FY22 Results | FY23 Results | FY24 Results | FY25 Forecasts |
|---|
| Profit before income taxes (Yen in billions) | 198.9 | 176.2 | 136.1 | 57.0 |
|---|
| Profit before income taxes ratio (%) | 10.8 | 8.7 | 6.8 | 2.9 |
|---|
Profit attributable to owners of the parent
- Profit attributable to owners of the parent (Yen in billions)
- Profit attributable to owners of the parent ratio (%)
| FY22 Results | FY23 Results | FY24 Results | FY25 Forecasts |
|---|
| Profit attributable to owners of the parent (Yen in billions) | 148.4 | 128.0 | 101.1 | 20.0 |
|---|
| Profit attributable to owners of the parent ratio (%) | 8.1 | 6.3 | 5.0 | 1.0 |
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