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KYOCERA Announces Consolidated Financial Results for Three Months Ended June 30, 2021

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KYOTO, Japan, July 29, 2021--(BUSINESS WIRE)--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

About KYOCERA

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/

Contacts

KYOCERA Corporation (Japan), Corporate Communications
Kenichi Hara, Tel: +81-(0)75-604-3416 Fax: +81-(0)75-604-3516
webmaster.pressgl@kyocera.jp

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