Kyocera releases fiscal 2010 figures

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Kyocera has released its financial figures for the fiscal 2010 year, which ended on March 31, 2010. The company states that although there was a growth in the solar energy market and signs of recovery in digital consumer equipment production, the company’s revenues were still affected by the appreciation of the Yen against the Euro and US dollar. Consolidated net sales show a 4.9% decreases compared with 2009 figures.

Kyocera posted profits from operations at a 47.1% increase over 2009 figures. Income before income taxes rose 8.6% in 2010 while net income accredited to Kyocera shareholders jumped to 35.9%. Exchange rates with the US Dollar and Euro rose 8% each bringing net sales and income before income tax figures (after full conversion into Yen) to JPY 49.0 billion and JPY 13.5 billion respectively.
 
Business components sale fell 4.6%, but operating profit showed a 55.6% increase. Equipment business sales declined 5.9%, while operating profit grew by JPY 11,581 from 2009’s JPY 7,365. Sales in various business sectors such as information and communications technology and materials for electronic components fell 1.2% with an operating profit decrease of 52.0%.

Kyocera looks towards a more steady economic recovery and a continued increase in the global solar energy market for 2011. The company is looking to expand manufacturing capacity, sales in emerging markets, production capacity and sales channels during the new fiscal year as well.

Financial results for 2010 fiscal year

 
 

Unit: millions (except percentages, per-share amounts and exchange rates)

 

 

FY09

in JPY

 

FY10

in JPY

 

Increase
(Decrease)
%

 

FY10

in USD

 

FY10

in Euro

Net sales

 

1,128,586

 

1,073,805

 

(4.9)

 

11,546

 

8,590

Profit from operations

 

43,419

 

63,860

 

47.1

 

687

 

511

Income before income taxes

 

55,982

 

60,798

 

8.6

 

654

 

486

Net income attributable to
shareholders of Kyocera
Corporation*

 

29,506

 

40,095

 

35.9

 

431

 

321

Diluted earnings per share
attributable to shareholders of
Kyocera Corporation

 

157.23

 

218.47

 

 

 

Average exchange rate (USD)

 

101

 

93

 

 

 

Average exchange rate (Euro)

 

143

 

131

 

 

 

 

Notes: As a convenience to the reader, U.S. dollar (USD) and Euro conversions are based on the rates of USD1 = JPY93 and Euro1 = JPY125, rounded to the nearest unit.
* Net income attributable to shareholders of Kyocera Corporation is calculated in the same manner as net income was for the year ended March 31, 2009.

 

 

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