KYOCERA CORPORATION <6971> shares remained firm following the announcement of a substantial share buyback alongside its full-year earnings report. After the market close on April 30, the company said it will repurchase up to 156,544,000 shares, representing 11.88% of its outstanding stock, for a maximum of 250 billion yen. Despite early profit-taking pressure, the downside was limited as bargain hunting supported a recovery.

The buyback will run from May 1 through March 24 next year. For the fiscal year ending March 2027, Kyocera forecasts sales of 1.94 trillion yen, down 6.3% year-on-year, while operating profit is expected to rise 10.0% to 130 billion yen and net profit is seen posting a slight increase at 141 billion yen. The company also raised its year-end dividend for the previous fiscal year by 2 yen to 27 yen, bringing the annual payout to 52 yen. For the current fiscal year, it plans a 56 yen annual dividend, a 4 yen increase.

Revenue is expected to decline due to the divestiture of Southern Carlton in the U.S., but performance will be bolstered by structural reforms in the semiconductor organic materials business and KAVX Group. Earnings forecasts are based on exchange rate assumptions of 150 yen per U.S. dollar and 175 yen per euro. For the fiscal year ended March 2026, sales rose 2.8% to 2.07 trillion yen and net profit jumped 5.9-fold to 140.97 billion yen, exceeding initial targets. Kyocera also announced it will cancel 91,373,500 treasury shares, or 6.05% of issued stock, on May 29.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.