Finance

KYOCERA Proclaims Consolidated Monetary Outcomes for 12 months Ended March 31, 2021

Kyocera Company (TOKYO:6971) at present introduced its consolidated monetary outcomes for the fiscal yr ended March 31, 2021 (“fiscal yr 2021” or “the interval”), as summarized under. Full particulars can be found at: https://world.kyocera.com/ir/library/f_results.html

Consolidated Outcomes: 12 months-Over-12 months

Unit: Hundreds of thousands (besides percentages and per-share quantities)

12 months Ended March 31,

2020
(FY20)
in JPY

2021
(FY21)
in JPY

Change

2021
(FY21)
in USD

2021
(FY21)
in EUR

Quantity
in JPY

%

Gross sales income:

1,599,053

1,526,897

(72,156

)

(4.5

)

13,756

11,745

Working revenue:

100,193

70,644

(29,549

)

(29.5

)

636

543

Revenue earlier than earnings taxes:

148,826

117,559

(31,267

)

(21.0

)

1,059

904

Revenue attributable to homeowners of
the mum or dad:

107,721

90,214

(17,507

)

(16.3

)

813

694

Earnings per share attributable
to homeowners of the mum or dad (primary):

297.36

248.91

2.24

1.91

Word on change charges: U.S. greenback (USD) and euro (EUR) conversions are supplied above as a comfort to the reader, based mostly on the charges of USD1 = JPY111 and EUR1 = JPY130, rounded to the closest unit (as of March 31, 2021)

Abstract

Gross sales income and revenue each decreased in comparison with fiscal yr 2020 outcomes, due primarily to the financial slowdown brought on by the COVID-19 pandemic. Within the Elements Enterprise, gross sales income elevated barely over the prior yr because of M&A income contributions and elevated demand for parts utilized in semiconductor and 5G-related markets, which collectively offset a pointy first-quarter drop in demand from the automotive-related market. Nonetheless, gross sales income decreased within the Tools and Methods Enterprise. Because of this, consolidated gross sales income for fiscal yr 2021 totaled JPY1,526,897 (USD13,756) million, a lower of 4.5% from the prior yr.

Revenue decreased because of decreased gross sales income, elevated depreciation fees, and the recording of a one-time impairment loss within the good vitality enterprise. Because of this, as compared with the prior yr, working revenue decreased by JPY29,549 (USD266) million, or 29.5%, to JPY70,644 (USD636) million; revenue earlier than earnings taxes decreased by JPY31,267 (USD282) million, or 21.0%, to JPY117,559 (USD1,059) million; and revenue attributable to homeowners of the mum or dad decreased by JPY17,507 (USD158) million, or 16.3%, to JPY90,214 (USD813) million.

Common change charges for the interval present the Japanese yen strengthened by 2.8% in opposition to the U.S. greenback, to JPY106, and weakened by 2.5% in opposition to euro, to JPY124. Because of this, gross sales income was pushed down by roughly JPY9 billion (USD81 million) in comparison with the prior yr.

Consolidated Monetary Highlights: Fourth Quarter

Unit: Hundreds of thousands (besides percentages)

Three Months Ended March 31,

2020
(FY20-This fall)
in JPY

2021
(FY21-This fall)
in JPY

Change

2021
(FY21-This fall)
in USD

2021
(FY21-This fall)
in EUR

Quantity
in JPY

%

Gross sales income:

402,168

426,363

24,195

6.0

3,841

3,280

Working revenue:

5,333

27,661

22,328

418.7

249

213

Revenue earlier than earnings taxes:

7,197

30,343

23,146

321.6

273

233

Revenue attributable to homeowners of
the mum or dad:

6,456

26,283

19,827

307.1

237

202

(See word above relating to change charges.)

Consolidated Forecasts: 12 months Ending March 31, 2022

Though future financial circumstances and the COVID-19 pandemic stay shrouded in uncertainty, the worldwide economic system is anticipated to enhance within the fiscal yr ending March 31, 2022 because of higher COVID-19 prevention measures, stimulus insurance policies, and the gradual reopening of main economies worldwide. The corporate will try to develop its Elements Enterprise by enhancing its manufacturing methods to extend manufacturing capability for parts that assist 5G wi-fi communication, semiconductor processing gear and packaging, and Superior Driver Help Methods (ADAS), all of which is able to rise in demand as digitization advances. Within the Options Enterprise, the corporate will concentrate on aggressively creating new merchandise and companies, notably within the Doc Options Enterprise. Along with these efforts, the corporate will introduce automated manufacturing traces using AI and robots to additional enhance productiveness throughout Kyocera group firms. With the above methods, Kyocera goals to hunt report gross sales and to enhance profitability within the subsequent fiscal yr. We anticipate change charges of JPY105 to the U.S. greenback and JPY125 to the euro in the course of the fiscal yr ending March 31, 2022.

Unit: Yen in tens of millions (besides percentages, per-share quantities and change charges)

Fiscal 2021
Outcomes

Fiscal 2022
Forecasts

Change
(%) from
Fiscal 2021
Outcomes

Gross sales income:

1,526,897

1,730,000

13.3

Working revenue:

70,644

117,000

65.6

Revenue earlier than earnings taxes:

117,559

160,000

36.1

Revenue attributable to homeowners of the mum or dad:

90,214

113,000

25.3

Earnings per share attributable to homeowners of the mum or dad (primary):

248.91

311.78

*

Common USD change charge:

106

105

Common EUR change charge:

124

125

*Primarily based on the common variety of shares excellent in the course of the yr ended March 31, 2021

Ahead‐Trying Statements

Please seek advice from https://world.kyocera.com/ir/disclaimer.html

About KYOCERA

Kyocera Company (TOKYO:6971, https://world.kyocera.com/), the mum or dad and world headquarters of the Kyocera Group, was based in 1959 as a producer of superb ceramics (also referred to as “superior ceramics”). By combining these engineered supplies with metals and integrating them with different applied sciences, Kyocera has change into a number one provider of commercial and automotive parts, semiconductor packages, digital units, good vitality methods, printers, copiers, and cellphones. Kyocera is ranked #549 on Forbes journal’s 2020 “International 2000” record of the world’s largest publicly traded firms, and seems on The Wall Avenue Journal’s newest record of “The World’s 100 Most Sustainably Managed Firms.”

View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20210427005487/en/

Contacts

KYOCERA Company (Japan), Company Communications
Kenichi Hara, Tel: +81-(0)75-604-3514 Fax: +81-(0)75-604-3516
webmaster.pressgl@kyocera.jp

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