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KYOTO, Japan--()--Kyocera Corporation (TOKYO:6971) today announced its consolidated financial results for the three months ended June 30, 2019 (“the first quarter” or “FY20-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,
2018
(FY19-Q1)
in JPY
2019
(FY20-Q1)
in JPY
Change2019
(FY20-Q1)
in USD
2019
(FY20-Q1)
in EUR
Amount
in JPY
%
Sales revenue:

387,484

384,937

(2,547)

(0.7)

3,564

3,155

Operating profit:

37,104

22,629

(14,475)

(39.0)

210

185

Profit before income taxes:

55,488

45,486

(10,002)

(18.0)

421

373

Profit attributable to owners of the parent:

42,284

32,037

(10,247)

(24.2)

297

263

Earnings per share attributable to owners of the parent (basic):

116.29

88.56

0.82

0.73

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 = JPY108 and EUR1 = JPY122, rounded to the nearest unit (as of June 28, 2019)

Summary
Sales revenue during the first quarter decreased 0.7% over the prior first quarter, to JPY384,937 (USD3,564) million. Higher sales of mobile phones in the Japanese market contributed to increased sales revenue in the Equipment & Systems Business. However, this was offset by decreased sales in the Components Business, stemming from sluggish growth in global smartphone and semiconductor-related markets, combined with uncertainty surrounding trade relations between the United States and China.

Despite profit growth in the Equipment & Systems Business, led by increased sales and profitability in the Communications Group, the company recorded decreased profit as compared to ....read the rest here

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