Quarterly Report
(English summary with full translation of consolidated financial information)
(The First Quarter of 69th Business Term)
From April 1, 2022 to June 30, 2022
KYOCERA CORPORATION
Table of Contents
Page | |
[Cover] | |
Part I. Information on Kyocera…………………………………………………………………………… | 1 |
Ⅰ. Overview of Kyocera………………………………………………………………………………… | 1 |
1. Selected Financial Data……………………………………………………………………………… | 1 |
2. Description of Business……………………………………………………………………………… | 1 |
Ⅱ. Business Overview…………………………………………………………………………………… 2
1. Risk Factors…………………………………………………………………………………………… | 2 |
2. Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows… | 2 |
3. Material Agreements………………………………………………………………………………… | 7 |
Ⅲ. Corporate Information………………………………………………………………………………… | 8 |
1. Information on Kyocera's Shares and Others………………………………………………………… | 8 |
2. Changes in Directors and Audit & Supervisory Board Members…………………………………… | 9 |
Ⅳ. Condensed Quarterly Consolidated Financial Statements and Other Information…………………… | 10 |
1. Condensed Quarterly Consolidated Financial Statements…………………………………………… | 10 |
(1) Condensed Quarterly Consolidated Statement of Financial Position…………………………… | 10 |
(2) Condensed Quarterly Consolidated Statement of Profit or Loss………………………………… | 12 |
(3) Condensed Quarterly Consolidated Statement of Comprehensive Income……………………… | 13 |
(4) Condensed Quarterly Consolidated Statement of Changes in Equity…………………………… | 14 |
(5) Condensed Quarterly Consolidated Statement of Cash Flows…………………………………… | 15 |
2. Others………………………………………………………………………………………………… | 28 |
Part Ⅱ. Corporate Information on Guarantors and Others………………………………………………… | 28 |
[Cover]
[Document Filed] | Quarterly Report ("Shihanki Hokokusho") |
[Applicable Law] | Article 24-4-7, Paragraph 1 of the Financial Instruments and |
Exchange Act of Japan | |
[Filed with] | Director, Kanto Local Finance Bureau |
[Filing Date] | August 10, 2022 |
[Fiscal Period] | The First Quarter of 69th Business Term |
(from April 1, 2022 to June 30, 2022) | |
[Company Name] | Kyocera Kabushiki Kaisha |
[Company Name in English] | KYOCERA CORPORATION |
[Title and Name of Representative] | Hideo Tanimoto, Director and President |
[Address of Head Office] | 6, Takeda Tobadono-cho,Fushimi-ku, Kyoto |
[Phone Number] | +81-75-604-3500 |
[Contact Person] | Hiroaki Chida, Executive Officer and General Manager of Corporate |
Management Control Group | |
[Contact Address] | 6, Takeda Tobadono-cho,Fushimi-ku, Kyoto |
[Phone Number] | +81-75-604-3500 |
[Contact Person] | Hiroaki Chida, Executive Officer and General Manager of Corporate |
Management Control Group | |
[Place Where Available for Public | Tokyo Stock Exchange, Inc. |
Inspection] | (2-1, Nihombashi Kabutocho, Chuo-ku, Tokyo) |
This is an English translation of the Quarterly Report filed with the Director of the Kanto Local Finance Bureau via Electronic Disclosure for Investors' NETwork ("EDINET") pursuant to the Financial Instruments and Exchange Act of Japan.
In this document, the terms "we," "us," "our," "Kyocera Group" and "Kyocera" refer to Kyocera Corporation and consolidated subsidiaries or, as the context may require, Kyocera Corporation on a non-consolidated basis and the "Company" refers to Kyocera Corporation on a non-consolidated basis.
The term "fiscal 2023" refers to the year ending March 31, 2023, with other fiscal years referred to in a corresponding manner.
Part I. Information on Kyocera Ⅰ. Overview of Kyocera
1. Selected Financial Data | (Yen in millions unless otherwise stated) | ||
For the three months ended June 30, | For the year ended | ||
2021 | 2022 | March 31, 2022 | |
Sales revenue | 420,712 | 491,954 | 1,838,938 |
Profit before income taxes | 54,476 | 68,711 | 198,947 |
Profit attributable to owners of the parent | 40,760 | 49,974 | 148,414 |
Comprehensive income attributable to | 54,690 | 195,049 | 365,805 |
owners of the parent | |||
Equity attributable to owners of the parent | 2,617,099 | 3,034,024 | 2,871,554 |
Total assets | 3,529,719 | 4,113,028 | 3,917,265 |
Earnings per share attributable to | 112.46 | 139.24 | 411.15 |
owners of the parent - Basic (Yen) | |||
Earnings per share attributable to | - | - | - |
owners of the parent - Diluted (Yen) | |||
Ratio of equity attributable to | 74.1 | 73.8 | 73.3 |
owners of the parent to total assets (%) | |||
Cash flows from operating activities | 69,131 | 29,222 | 201,957 |
Cash flows from investing activities | (27,131) | (37,185) | (79,457) |
Cash flows from financing activities | (35,342) | (40,399) | (111,473) |
Cash and cash equivalents | 392,398 | 384,384 | 414,129 |
at the end of the period | |||
(Notes) 1. Kyocera prepared its condensed quarterly consolidated financial statements and consolidated financial statements in accordance with International Financial Reporting Standards (hereinafter, "IFRS"), and the figures are presented in Japanese yen and amounts less than one million yen are rounded.
- Earnings per share attributable to owners of the parent - Diluted are not described in the above table, as there is no potential share.
- As Kyocera prepares the condensed quarterly consolidated financial statements, the selected non- consolidated financial data is not set forth in this document.
2. Description of Business
There were no significant changes in the business and operations of Kyocera and its associates during the three months ended June 30, 2022 (hereinafter, "the first quarter"). There were no changes in the organizations of major subsidiaries and associates.
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Ⅱ. Business Overview
1. Risk Factors
There were no new risk factors recognized for the first quarter. There were no significant changes in risk factors stated in the Annual Report for the year ended March 31, 2022 pursuant to the Financial Instruments and Exchange Act of Japan.
2. Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows The future matter written in this document is determined at the date of submission of this Quarterly Report.
(1) Summary of Operating Results
(Yen in millions)
For the three months ended June 30, | Change | ||||||||
2021 | 2022 | ||||||||
Amount | %* | Amount | %* | Amount | % | ||||
Sales revenue | 420,712 | 100.0 | 491,954 | 100.0 | 71,242 | 16.9 | |||
Operating profit | 32,376 | 7.7 | 41,428 | 8.4 | 9,052 | 28.0 | |||
Profit before income taxes | 54,476 | 12.9 | 68,711 | 14.0 | 14,235 | 26.1 | |||
Profit attributable to owners of the parent | 40,760 | 9.7 | 49,974 | 10.2 | 9,214 | 22.6 | |||
Average US$ exchange rate | (Yen) | 109 | - | 130 | - | - | - | ||
Average Euro exchange rate | (Yen) | 132 | - | 138 | - | - | - | ||
* % represents the percentage to sales revenue.
During the first quarter, reflecting concerns about a resurgence of COVID-19 and unstable global situations, supply chain disruptions and price increases in raw materials, etc., continued. In addition, exchange rates for the yen fell sharply, affected by factors such as an interest rate hike in the United States. On the other hand, 5G and the semiconductor-related markets, our principal markets, continued to show strong demand and proactive capital investment.
At Kyocera, due to the contribution of investments in expanding component production to meet robust demand and to an increase in sales by the Industrial Tools Unit, sales revenue for the first quarter increased by 71,242 million yen, or 16.9%, to 491,954 million yen, as compared with the three months ended June 30, 2021 ("the previous first quarter"), marking a record high for a quarterly period.
Profit also increased as compared with the previous first quarter, due to the increase in sales revenue and impact of the weaker yen, as well as the efforts to improve productivity in each business. As compared with the previous first quarter, operating profit increased by 9,052 million yen, or 28.0%, to 41,428 million yen, profit before income taxes increased by 14,235 million yen, or 26.1%, to 68,711 million yen, and profit attributable to owners of the parent increased by 9,214 million yen, or 22.6%, to 49,974 million yen.
The average exchange rates for the first quarter were 130 yen to the U.S. dollar and 138 yen to the euro, marking depreciation of 21 yen, or 19.3%, and 6 yen, or 4.5%, respectively, as compared with the previous first quarter. As a result, sales revenue and profit before income taxes after translation into yen for the first quarter were pushed up by approximately 44 billion yen and approximately 11.5 billion yen, respectively, as compared with the previous first quarter.
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Kyocera Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 08:25:45 UTC.