KYOCERA Announces Consolidated Financial Results for Three Months Ended June 30, 2021
KYOTO, Japan--(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
lts 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
