Kyocera Corporation · TSE:6971
Kyocera — H1 FY3/2015 Earnings Presentation
25 slides from Kyocera's earnings presentation, Oct 31, 2014
Slide 1: Financial Presentation
October 31, 2014 Financial Presentation ( Six months ended September 30, 2014 ) Goro Yamaguchi President and Representative Director
Slide 2: Financial Results for First Six Months of FY3/2015
Financial Results for First Six Months of FY3/2015 － Comparison with first six months of FY3/2014 － (Unit: Yen in millions) Six months ended September 30, Change 2013 2014 Amount % to net sales Amount % to net sales Amount % Net sales 699,663 100.0% 714,329 100.0% 14,666 2.1% Profit from operations
Slide 3: Sales by Reporting Segment for First Six Months of FY3/2015
Sales by Reporting Segment for First Six Months of FY3/2015 － Comparison with first six months of FY3/2014 － (Unit: Yen in millions) Six months ended September 30, Change 2013 2014 Amount % of net sales Amount % of net sales Amount % Fine Ceramic Parts Group 38,187 5.5% 43,224 6.0% 5,037 13.2% Semic
Slide 4: Operating Profit by Reporting Segment for First Six Months of FY3/2015
Operating Profit by Reporting Segment for First Six Months of FY3/2015 － Comparison with first six months of FY3/2014 － (Unit: Yen in millions) Six months ended September 30, Change 2013 2014 Amount % to net sales Amount % to net sales Amount % Fine Ceramic Parts Group 5,762 15.1% 7,009 16.2% 1,247
Slide 5: Summary of H1 FY3/2015 Results
Summary of H1 FY3/2015 Results - Comparison with H1 FY3/2014 - Record high H1 sales with profit roughly unchanged 1. Expanded Components Business Telecommunications market: Ceramic packages and capacitors for telecommunications infrastructure and smartphones Automotive market: Camera modules, ce
Slide 6: Financial Results for Three Months Ended September 30, 2014
Financial Results for Three Months Ended September 30, 2014 － Comparison with three months ended June 30, 2014－ (Unit: Yen in millions) Three months ended Change June 30, 2014 September 30, 2014 Amount % to net sales Amount % to net sales Amount % Net sales 334,714 100.0% 379,615 100.0% 44,901 13.4%
Slide 7: Sales by Reporting Segment for Three Months Ended September 30, 2014
Sales by Reporting Segment for Three Months Ended September 30, 2014 － Comparison with three months ended June 30, 2014－ (Unit: Yen in millions) Three months ended Change June 30, 2014 September 30, 2014 Amount % of net sales Amount % of net sales Amount % Fine Ceramic Parts Group 20,852 6.2% 22,372
Slide 8: Operating Profit by Reporting Segment for Three Months Ended September 30, 2014
Operating Profit by Reporting Segment for Three Months Ended September 30, 2014 － Comparison with three months ended June 30, 2014－ (Unit: Yen in millions) Three months ended Change June 30, 2014 September 30, 2014 Amount % to net sales Amount % to net sales Amount % Fine Ceramic Parts Group 3,355 1
Slide 9: Summary of Q2 FY3/2015 Results
Summary of Q2 FY3/2015 Results - Comparison with Q1 FY3/2015 - Sales and profit increased in all reporting segments, with operating profit surging approx. 60% 1. Increased sales in key markets For smartphones: Ceramic packages for CMOS image sensors, crystal and SAW devices, connectors and capacit
Slide 10: Financial Forecast for the Year Ending March 31, 2015
Financial Forecast for The Year Ending March 31, 2015 (Unit: Yen in millions) Year ending March 31, 2015 (Forecast) Year ended March 31, Change in amount 2014 compared with Previous (April 2014) Revised (October 2014) Year ended Previous Amount % to net sales Amount % to net sales Amount % to net sa
Slide 11: Sales Forecast by Reporting Segment for the Year Ending March 31, 2015
Sales Forecast by Reporting Segment for The Year Ending March 31, 2015 (Unit: Yen in millions) Year ending March 31, Change in amount Year ended March 31, 2014 compared with 2015 (Forecast) Unchanged the year ended Amount % of net sales Amount % of net sales March 31, 2014 Fine Ceramic Parts Group 8
Slide 12: Operating Profit Forecast by Reporting Segment for the Year Ending March 31, 2015
Operating Profit Forecast by Reporting Segment for The Year Ending March 31, 2015 (Unit: Yen in millions) Year ended March 31, Year ending March 31, 2015 (Forecast) Change in amount 2014 compared with Previous (April 2014) Revised (October 2014) Year ended Previous Amount % to net sales Amount % to
Slide 13: Forecast by Reporting Segment: Fine Ceramic Parts Group
Forecast by Reporting Segment for the Year Ending March 31, 2015 － Fine Ceramic Parts Group－ ＜Sales＞ （Unit: Yen in billions） Sales 47.8 41.8 43.2 38.2 H2 FY3/2015 forecast compared with H1 Sales ¥ ＋4.6 billion +10.5％ Operating Profit ¥ ＋1.0 billion +14.0％ FY3/2014 FY3/2015 H1 H2 H1 H2 Forecast Opera
Slide 14: Forecast by Reporting Segment: Semiconductor Parts Group
Forecast by Reporting Segment for the Year Ending March 31, 2015 － Semiconductor Parts Group－ ＜Sales＞ （Unit: Yen in billions） Sales 121.8 100.8 102.2 87.1 H2 FY3/2015 forecast compared with H1 Sales ¥ ＋19.6 billion +19.2％ Operating profit ¥ ＋ 4.2 billion +29.3％ FY3/2014 FY3/2015 H1 H2 H1 H2 Forecast
Slide 15: Forecast by Reporting Segment: Applied Ceramic Products Group
Forecast by Reporting Segment for the Year Ending March 31, 2015 － Applied Ceramic Products Group－ ＜Sales＞ （Unit: Yen in billions） Sales 178.3 145.3 127.5 124.7 H2 FY3/2015 forecast compared with H1 Sales ¥ ＋53.6 billion +43.0％ Operating profit ¥ + 3.4 billion +59.7％ FY3/2014 FY3/2015 H1 H2 H1 H2 Fo
Slide 16: Forecast by Reporting Segment: Electronic Device Group
Forecast by Reporting Segment for the Year Ending March 31, 2015 － Electronic Device Group－ ＜Sales＞ （Unit: Yen in billions） Sales 147.5 152.2 136.9 138.8 H2 FY3/2015 forecast compared with H1 Sales ¥ ＋13.4 billion +9.6％ Operating profit ¥ ＋ 2.5 billion +15.2％ FY3/2014 FY3/2015 H1 H2 H1 H2 Forecast O
Slide 17: Forecast by Reporting Segment: Telecommunications Equipment Group
Forecast by Reporting Segment for the Year Ending March 31, 2015 － Telecommunications Equipment Group－ ＜Sales＞ （Unit: Yen in billions） Sales 113.4 96.6 90.2 91.6 H2 FY3/2015 forecast compared with H1 Sales ¥ ＋21.8 billion +23.9％ Operating profit ¥ +10.9 billion － FY3/2014 FY3/2015 H1 H2 H1 H2 Foreca
Slide 18: Forecast by Reporting Segment: Information Equipment Group
Forecast by Reporting Segment for the Year Ending March 31, 2015 － Information Equipment Group－ ＜Sales＞ （Unit: Yen in billions） Sales 177.4 163.3 157.6 144.5 H2 FY3/2015 forecast compared with H1 Sales ¥ ＋19.8 billion +12.5％ Operating profit ¥ － 0.9 billion －5.3％ FY3/2014 FY3/2015 H1 H2 H1 H2 Foreca
Slide 19: Forecast by Reporting Segment: Others
Forecast by Reporting Segment for the Year Ending March 31, 2015 － Others － ＜Sales＞ （Unit: Yen in billions） Sales 93.4 94.5 79.7 83.5 H2 FY3/2015 forecast compared with H1 Sales ¥ ＋11.0 billion +13.3％ Operating profit ¥ ＋ 1.4 billion +56.6％ FY3/2014 FY3/2015 H1 H2 H1 H2 Forecast Operating ＜Operating
Slide 20: Future Initiatives (1)
Future Initiatives (1) Further Expand Ceramic Package Business Cultivate new Demand for LEDs used in Further markets head lamps and lighting is strengthen expanding Expanding component demand for intelligent business Medical, etc. LED automotives Automotive Increase share in existing markets Substra
Slide 21: Future Initiatives (2)
Future Initiatives (2) Maximize Synergies in Organic Substrate Business and Strengthen Management Foundations Telecommunications Telecommunications terminal infrastructure Optimize production system Smartphones Increase sales to overseas customers Consolidate Base stations Servers, routers productio
Slide 22: Future Initiatives (3)
Future Initiatives (3) Increase Profitability in Electronic Device Group ＜Trends in Sales and Profit for Key Products (year-on-year)＞ Increasing profit Double-digit sales growth Profit ratio of 10% and over Kyocera’s Kyocera’s Connectors electronic electronic components components AVX products C
Slide 23: Future Initiatives (4)
Future Initiatives (4) Expand Sales in Automotive Related Markets Expand products and customers, Project team based strategic development and boost added value LCDs Capacitors Crystal Camera Glow plugs Cutting tools Packages Telecom Multilayer oscillators modules for LEDs modules substrates for ECUs
Slide 24: Management Objectives
Management Objectives Aim for double-digit sales growth and more than 10% in pre-tax income ratio Strengthen new product Boost share in existing development and new products market cultivation Systems, Services Utilize external Thoroughly reduce costs Devices, management resources Equipment Material
Slide 25: Forward-Looking Statements
Forward-Looking Statements Certain of the statements made in this document are forward-looking statements (within the meaning of Section 21E of the U.S. Securities and Exchange Act of 1934), which are based on our current assumptions and beliefs in light of the information currently available to us.