KYOCERA, The Current Fiscal Year Net Income Revised Downward by 72%

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Mon Feb 3, 2025 4:00 pm JST Earnings

6971 KYOCERA CORPORATION 【IFRS】

Earnings Report

KYOCERA CORPORATION <6971> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 3rd (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 79.7% from the same period last year to 18.3 billion yen.

In addition, the full-year consolidated net income has decreased 71.8%, from the previous forecast of 71 billion yen to 20 billion yen (compared to 101 billion yen in the previous period), leading to an increase in the profit decline rate from 29.8% to 80.2%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 34.9 billion yen to a loss of 16 billion yen (compared to a profit of 44.5 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 17.7 billion yen (compared to a profit of 33.8 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 5.1% in the same period last year to -5.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	1,526,497	113,884	162,756	118,783	82.7	92.4	Feb 1, 2023	IFRS
Apr - Dec, 2023	1,492,672	79,844	125,638	90,366	63.9	92.3	Feb 1, 2024	IFRS
Apr - Dec, 2024	1,492,055	12,275	50,459	18,331	13.0	88.5	Feb 3, 2025	IFRS
YoY	0.0%	-84.6%	-59.8%	-79.7%	-79.7%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	1,021,412	30,124	48,180	34,922	24.8	25	Oct 30, 2024	IFRS
Oct - Mar, 2024 New	1,001,412	-16,876	5,180	-16,078	-11.4	25	Feb 3, 2025	IFRS
Revision Rate	-2.0%	－	-89.2%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,020,000	68,000	100,000	71,000	50.4	50	Oct 30, 2024	IFRS
Mar, 2025 New	2,000,000	21,000	57,000	20,000	14.2	50	Feb 3, 2025	IFRS
Revision Rate	-1.0%	-69.1%	-43.0%	-71.8%	-71.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,018,931	38,921	58,276	44,587	31.6	25	Apr 26, 2024	IFRS
Oct - Mar, 2024 Guidance	1,001,412	-16,876	5,180	-16,078	-11.4	25	Feb 3, 2025	IFRS
YoY	-1.7%	－	-91.1%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,025,332	128,517	176,192	127,988	89.2	50	May 15, 2023	IFRS
Mar, 2024	2,004,221	92,923	136,143	101,074	71.6	50	Apr 26, 2024	IFRS
Mar, 2025 Guidance	2,000,000	21,000	57,000	20,000	14.2	50	Feb 3, 2025	IFRS
YoY	-0.2%	-77.4%	-58.1%	-80.2%	-80.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	507,382	25,842	47,771	33,879	24.0	5.1	Feb 1, 2024	IFRS
Jan - Mar, 2024	511,549	13,079	10,505	10,708	7.6	2.6	Apr 26, 2024	IFRS
Apr - Jun, 2024	498,868	20,956	47,765	36,797	26.1	4.2	Aug 1, 2024	IFRS
Jul - Sep, 2024	499,720	16,920	4,055	-719	-0.5	3.4	Oct 30, 2024	IFRS
Oct - Dec, 2024	493,467	-25,601	-1,361	-17,747	-12.6	-5.2	Feb 3, 2025	IFRS
YoY	-2.7%	－	－	－	－