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, 2022("FY22") [Year-on-Year change]

During FY22, despite the impact of a shortage of semiconductors and price increases for raw materials, the world economy showed recovery from the year ended March 31, 2021 ("FY21") due to the progress of the COVID-19 vaccination program in many countries. Sales revenue and profit increased in all reporting segments, as compared with FY21, due to the improved business environment as well as an increase in demand for components, mainly in the 5G and semiconductor-related markets.

Sales revenue increased by 20.4%, compared with FY21, marking a record high. Profit increased compared to FY21, due to the increase in sales revenue and efforts to improve productivity and reduce costs in each business, as well as the absence of the impact of an impairment loss of approximately 11.5 billion yen in the smart energy business recorded in FY21. Operating profit increased by 110.8%, profit before income taxes increased by 69.2%, and profit attributable to owners of the parent increased by 64.5%.

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 April 28, 2022]

The business environment for FY23 is still uncertain due to the unstable state of the world, and shortages and price increases of semiconductors and raw materials, etc., as well as concerns regarding the resurgence of COVID-19. However, favorable demand for components for the 5G and semiconductor-related markets is expected to continue.

In addition to capital expenditure to increase production capacity for these components, Kyocera will accelerate the release of new products and the development of new businesses, aiming to achieve 2 trillion yen in sales revenue, which has been set as a medium-term target, as well as to further improve profitability.

Sales revenue

Operating profit

Profit before income taxes

Profit attributable to owners of the parent