Kyocera Corporation · TSE:6971
Kyocera — FY2025 Earnings Presentation
48 slides from Kyocera's earnings presentation, May 14, 2025
Slide 1: Financial Presentation for the Year Ended March 31, 2025
Financial Presentation for the Year Ended March 31, 2025 May 14, 2025 Hideo Tanimoto President and Representative Director © 2025 KYOCERA Corporation
Slide 2: Agenda
1 Financial Results for Fiscal 2025 2 Financial Forecasts for Fiscal 2026 Initiatives Regarding Business Strategies 3 and Capital Strategies 4 Future Growth Scenario Notes: This is an English translation of the Japanese original. This translation is prepared for the reference and convenience solely
Slide 3: Agenda: Financial Results for Fiscal 2025
1 Financial Results for Fiscal 2025 2 Financial Forecasts for Fiscal 2026 Initiatives Regarding Business Strategies 3 and Capital Strategies 4 Future Growth Scenario Note: Kyocera decided to change the classification of Energy Solutions Business, which was included in “Others,” and share of net prof
Slide 4: Financial Results for Fiscal 2025 (1)
Financial Results for Fiscal 2025 (1) (Unit: Yen in millions) Change Fiscal 2024 Fiscal 2025 Amount % Sales Revenue 2,004,221 2,014,454 10,233 0.5% Operating Profit 92,923 27,299 -65,624 -70.6% (4.6%) (1.4%) Profit Before Income 136,143 63,631 -72,512 -53.3% Taxes (6.8%) (3.2%) Profit Attributable t
Slide 5: Financial Results for Fiscal 2025 (2)
Financial Results for Fiscal 2025 (2) (Unit: Yen in millions) Change Fiscal 2024 Fiscal 2025 Amount % Capital 161,684 141,932 -19,752 -12.2% Expenditures (8.1%) (7.0%) Depreciation Charge of 111,724 112,077 353 0.3% Property, Plant and (5.6%) (5.6%) Equipment 104,290 116,087 11,797 11.3% R&D Expense
Slide 6: Sales Revenue by Reporting Segment for Fiscal 2025
Sales Revenue by Reporting Segment for Fiscal 2025 (Unit: Yen in millions) Sales Revenue by Fiscal 2024 Fiscal 2025 Change Component Component Reporting Segment Amount Ratio Amount Ratio Amount % Core Components Business 569,145 28.4% 567,117 28.2% -2,028 -0.4% Industrial & Automotive Components Uni
Slide 7: Business Profit (Loss) by Reporting Segment for Fiscal 2025
Business Profit (Loss) by Reporting Segment for Fiscal 2025 (Unit: Yen in millions) Business Profit by Fiscal 2024 Fiscal 2025 Change % to Sales % to Sales Reporting Segment Amount Revenue Amount Revenue Amount % Core Components Business 57,226 10.1% -1,111 - -58,337 - Industrial & Automotive Compon
Slide 8: Summary of Financial Results for Fiscal 2025
Summary of Financial Results for Fiscal 2025 Sales Revenue Profit Before Income Taxes (Unit: Yen in billions) (Unit: Yen in billions) 9.4 0.6 2,014.5 2,004.2 2.3 Decrease of approx. 57 billion yen in total -2.0 136.1 （Approximately 80% of the declined amount of profit） Organic Packages and Boards Bu
Slide 9: Core Components Business Results for Fiscal 2025
Core Components Business Financial Results by Reporting Segment for Fiscal 2025 800.0 Sales Revenue Business Profit/Loss (Ratio) 700.0 (Unit: Yen in billions) (Unit: Yen in billions) 600.0 569.1 567.1 115.0 500.0 95.0 57.2 400.0 75.0 (10.1%) 300.0 55.0 200.0 35.0 100.0 15.0 0.0 -5.0 -1.1 FY24 上期 Fis
Slide 10: Electronic Components Business Results for Fiscal 2025
Electronic Components Business Financial Results by Reporting Segment for Fiscal 2025 600.0 Sales Revenue Business Profit/Loss (Ratio) (Unit: Yen in billions) (Unit: Yen in billions) 500.0 400.0 352.3 354.6 31.0 300.0 200.0 6.5 100.0 11.0 (1.9%) 0.0 -0.8 FY24 上期 Fiscal 2024 FY25 上期 Fiscal 2025 -9.0
Slide 11: Solutions Business Results for Fiscal 2025
Solutions Business Financial Results by Reporting Segment for Fiscal 2025 Sales Revenue Business Profit (Ratio) ,400.0 (Unit: Yen in billions)140.0 (Unit: Yen in billions) ,200.0 1,101.6 1,111.0 120.0 ,000.0 100.0 69.8 72.9 800.0 80.0 (6.3%) (6.6%) 600.0 60.0 400.0 40.0 200.0 20.0 0.0 0.0 Fiscal 202
Slide 12: Agenda: Financial Forecasts for Fiscal 2026
1 Financial Results for Fiscal 2025 2 Financial Forecasts for Fiscal 2026 Initiatives Regarding Business Strategies 3 and Capital Strategies 4 Future Growth Scenario Note: Kyocera decided to change the classification of Jewelry & Applied Ceramic Related Products Business, which was included in “Othe
Slide 13: Assumed Risks Incorporated into Financial Forecasts
Assumed Risks Incorporated into Financial Forecasts Calculated financial forecasts incorporating the impact of reciprocal tariffs by the United States and exchange rate fluctuations (stronger yen) <Reciprocal Tariffs by the United States> [Impact] Profits: Approx. -17 billion yen Transaction subject
Slide 14: Financial Forecasts for Fiscal 2026 (1)
Financial Forecasts for Fiscal 2026 (1) (Unit: Yen in millions) Fiscal 2026 Change Fiscal 2025 (Forecast) Amount % Sales Revenue 2,014,454 1,900,000 -114,454 -5.7% Operating Profit 27,299 55,000 27,701 101.5% (1.4%) (2.9%) Profit Before Income 63,631 95,000 31,369 49.3% Taxes (3.2%) (5.0%) Profit At
Slide 15: Financial Forecasts for Fiscal 2026 (2)
Financial Forecasts for Fiscal 2026 (2) (Unit: Yen in millions) Fiscal 2026 Change Fiscal 2025 (Forecast) Amount % Capital 141,932 180,000 38,068 26.8% Expenditures (7.0%) (9.5%) Depreciation Charge of 112,077 120,000 7,923 7.1% Property, Plant and (5.6%) (6.3%) Equipment 116,087 120,000 3,913 3.4%
Slide 16: Sales Revenue Forecasts by Reporting Segment for Fiscal 2026
Sales Revenue Forecasts by Reporting Segment for Fiscal 2026 (Unit: Yen in millions) Sales Revenue by Fiscal 2025 Fiscal 2026 (Forecast) Change Component Component Reporting Segment Amount Ratio Amount Ratio Amount % Core Components Business 591,720 29.4% 547,000 28.8% -44,720 -7.6% Industrial & Aut
Slide 17: Business Profit Forecasts by Reporting Segment for Fiscal 2026
Business Profit (Loss) Forecasts by Reporting Segment for Fiscal 2026 (Unit: Yen in millions) Business Profit by Fiscal 2025 Fiscal 2026 (Forecast) Change % to Sales % to Sales Reporting Segment Amount Revenue Amount Revenue Amount % Core Components Business -1,889 - 40,400 7.4% 42,289 - Industrial
Slide 18: Summary of Financial Results for Fiscal 2026 Forecasts
Summary of Financial Results for Fiscal 2026 Forecasts Sales Revenue Profit Before Income Taxes (Unit: Yen in billions) (Unit: Yen in billions) 2,014.5 10.8 -44.7 42.3 95.0 -9.7 -24.7 -12.0 63.6 0.3 1,900.0 ～ ～ ～ ～ -45.4 Fiscal 2025 Core Electronic Solutions Others Fiscal 2026 Fiscal 2025 Core Elect
Slide 19: Agenda: Business and Capital Strategies
1 Financial Results for Fiscal 2025 2 Financial Forecasts for Fiscal 2026 Initiatives Regarding Business Strategies 3 and Capital Strategies 4 Future Growth Scenario 18 © 2025 KYOCERA Corporation
Slide 20: Basic Policy on Structural Reforms
Basic Policy on Structural Reforms Basic policy: Pursue competitive advantage and concentrate management resources on increasing profitability Previous Policies Recognized Issues New Policies Expand sales and Reduced investment Restructure the business portfolio by reporting profitability through ef
Slide 21: Management Reforms to Improve Corporate Value
Management Reforms to Improve Corporate Value Fiscal 2026 is a year of implementing structural reforms in both business strategies and capital strategies Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 2027 Fiscal 2028 Fiscal 2029 Fiscal 2030 Structural Reforms Enhance Profitability Aiming for the Next G
Slide 22: Progress of Structural Reforms in Challenging Businesses
Progress of Structural Reforms in Challenging Businesses Organic Packages and Boards Business <Structural Reforms to Make Business Profitable for Fiscal 2026> (1) Reduction of Fixed Costs (2) Improvement in Variable Costs ✓ Decrease in depreciation charges of property, plant and ✓ Increase sales of
Slide 23: Progress Regarding Business Review
Progress Regarding Business Review Transfer of Business: Silicon Diodes and Power Semiconductor Business <Scope of Business Transfer> Power semiconductor business mainly composed of silicon diodes business, operated at Kanagawa Hadano Plant, Ibaraki Tsukuba Office, part of Electronic Components Dome
Slide 24: Execution of Capital Strategies (1) Reduction of Cross-shareholdings
Execution of Capital Strategies (1) Reduction of Cross-shareholdings [Record of Reduction from Fiscal 2024 to Fiscal 2025] • Continuously sold shares, mainly stocks listed in Japan Reduction Record of Listed Company Stocks in Japan and Overseas Reduced number of company stocks: 12 (Approx. 3% decrea
Slide 25: Execution of Capital Strategies (2) Repurchase of Own Shares
Execution of Capital Strategies (2) Repurchase of Own Shares [Fiscal 2026] Conduct repurchase up to 200 billion yen Period of repurchase: From May 15, 2025 to March 24, 2026 Method of repurchase: Purchases through market (Tokyo Stock Exchange) [Fiscal 2027 onward] Plans to repurchase approximately 2
Slide 26: Dividends
Dividends Distribution Policy Adopted a principal guideline that dividend amounts shall fall within a range based on profit Capital Allocation for Fiscal 2026 attributable to owners of the parent on a consolidated basis, and has set its dividend policy Based on Financial Forecasts to maintain a payo
Slide 27: Strategic Business Transformation Project Structure
Strategic Business Transformation Project Structure The Board of Directors Supervise / Report Advisor Advise Outside Director: Kakiuchi Strategic Business Transformation Project Chairman of the Board and Representative Director: Yamaguchi President and Representative Director: Tanimoto Officers in c
Slide 28: Initiatives Regarding Corporate Governance
Initiatives Regarding Corporate Governance (1) Appointment of a Candidate of Outside Director Appointed one candidate for Outside Director * To be proposed at the Ordinary General Meeting of Shareholders Noriko Oi (Attorney) scheduled on June 26, 2025 (2) Appointment of an Outside Director as a Chai
Slide 29: Major Challenges towards Improvement of Corporate Value
Major Challenges towards Improvement of Corporate Value Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 2027 Fiscal 2028 Aim for ROE above cost of capital • Business portfolio reform focusing on Enhance Profitability Aiming for the Next Growth profitability • Expanding investments in core businesses ✓ Re
Slide 30: Agenda: Future Growth Scenario
1 Financial Results for Fiscal 2025 2 Financial Forecasts for Fiscal 2026 Initiatives Regarding Business Strategies 3 and Capital Strategies 4 Future Growth Scenario 29 © 2025 KYOCERA Corporation
Slide 31: Future Growth Scenario for the Components Businesses
Future Growth Scenerio for the Components Businesses May 14, 2025 Shiro Sakushima Senior Managing Executive Officer in charge of Strategic Business Transformation © 2025 KYOCERA Corporation 30
Slide 32: Regarding Formulation of Growth Strategies of Components Business
Regarding Formulation of Growth Strategies of Components Business Core Components Electronic Components Basic Approach to Reform of Components ,500 Business 6,500 26.0% Business 26.0% Businesses ,000 Sales revenue 6,00024.0% 24.0% Identify business areas with existing or potential ,500 5,50022.0% co
Slide 33: Growth Scenario of the Core Components Business
Growth Scenario of the Core Components Business Concentrate management resources primarily on the “ceramics-related business”, which leverages Kyocera’s strengths Expand SPE* Components Business Expand Ceramic Package Business * Semiconductor processing equipment ✓ Miniaturization technology for cry
Slide 34: Growth Scenario of the Electronic Components Business
Growth Scenario of the Electronic Components Business Focus on “MLCCs and tantalum capacitors” with strong share growth potential Business Portfolio (Fiscal 2025) * Circle area represents sales revenue of Kyocera’s respective business ◆ Strengthen competitiveness of MLCC business MLCCs for automotiv
Slide 35: Future Growth Scenario for the Solutions Business
Future Growth Scenerio for the Solutions Business May 14, 2025 Norihiko Ina Senior Managing Executive Officer in charge of Strategic Business Transformation, Executive General Manager of Solutions Business © 2025 KYOCERA Corporation 34
Slide 36: Reform of the Solutions Business
Reform of the Solutions Business Solutions Business Basic Approach to Reform of the Solutions Business 12,000 24.0% 11,500 Prioritize profitability improvement and then develop a new 11,000 22.0%growth scenario 10,500 10,000 20.0% 1. Improve revenue and implement structural reform by product line 9,
Slide 37: Structural Reforms: Smart Energy - Products and Services
Thorough Structural Reforms to Boost Profitability: Smart Energy Shift from “product sales” alone to “products and services” －Focus on increasing profitability and transitioning to businesses that contribute to a sustainable society－ Increase sales of Provide high value-added solutions by semi-solid
Slide 38: Structural Reforms: Smart Energy - Power Sales Model
Thorough Structural Reforms to Boost Profitability: Smart Energy Renewable energy power sales model Secure diverse sources of renewable energy, purchase surplus electricity from suppliers, manage supply and demand within Kyocera, and provide power to environmentally-conscious companies, including th
Slide 39: Structural Reforms: Telecommunications Equipment
Thorough Structural Reforms to Boost Profitability: Telecommunications Equipment Phase out consumer business, shift focus further to corporate business, and transition to 5G infrastructure-related business Direction of reform Enhance profitability Sales Mix of the Telecommunications Equipment Busine
Slide 40: Summary: Efforts to Enhance Corporate Value
Summary: Efforts to Enhance Corporate Value As the first step in transforming into a company that delivers value to all internal and external stakeholders, Kyocera will rigorously execute the following business and capital strategies by fiscal 2026. Key Initiatives for Fiscal 2026 ⚫ Make challenging
Slide 41: Appendix
Appendix: p. 41 Financial Results for Fiscal 2025 Excluding One-time Costs pp. 42-45 Quarterly Trends of Financial Results from 1Q of Fiscal 2024 to 4Q of Fiscal 2025 40 © 2025 KYOCERA Corporation
Slide 42: Financial Results for Fiscal 2025 Excluding One-time Costs
Financial Results for Fiscal 2025 Excluding One-time Costs Profit Ratio One-time Costs * Figures Excluding One-time Costs (Unit: Yen in billions) Profit Before Income Profit Attributable to Sales Revenue Operating Profit Taxes Owners of the Parent 2,004.2 2,014.5 00 2,000 2,000 7.0%* 2,000 00 6.8% 5
Slide 43: Quarterly Trends of Financial Results
Quarterly Trends of Financial Results Sales Revenue Operating Profit (Unit: Yen in billions) Profit Ratio (Unit: Yen in billions) 0.0 511.5 522.4130.0 505.9 507.4 498.9 499.7 493.5 479.4 0.0 5.4% 5.6% 5.1% 80.0 4.2% 3.4% 2.6% 2.9% 0.0 25.7 28.3 25.8 30.0 21.0 16.9 15.0 13.1 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 44: Core Components Business Quarterly Trends
Core Components Quarterly Trends of Financial Results by Reporting Segment Business Sales Revenue Business Profit / Loss (Unit: Yen in billions) Business Profit Ratio (Unit: Yen in billions) 180.0 40 11.2% 160.0 10.3% 10.0% 149.8 35 8.6% 9.0% 148.3 8.5% 143.3 142.0 143.4 136.9 138.4 140.0 134.1 30 3
Slide 45: Electronic Components Business Quarterly Trends
Electronic Quarterly Trends of Financial Results by Reporting Segment Components Business Sales Revenue Business Profit / Loss (Unit: Yen in billions) Business Profit Ratio (Unit: Yen in billions) 120.0 100.0 30.0 90.2 89.7 89.7 91.2 87.8 88.3 84.6 85.4 80.0 25.0 20.0 60.0 15.0 6.4% 40.0 4.8% 3.6% 1
Slide 46: Solutions Business Quarterly Trends
Solutions Business Quarterly Trends of Financial Results by Reporting Segment Sales Revenue Business Profit / Loss (Unit: Yen in billions) Business Profit Ratio (Unit: Yen in billions) 350.0 290.8 294.9 300.0 272.3 273.7 275.7 270.5 269.9 264.8 8.3% 7.3% 6.6% 7.4% 74.1 5.9% 5.7% 5.3% 4.9% 250.0 75.3
Slide 47: Cautionary Statements with respect to Forward-Looking Statements
Cautionary Statements with respect to Forward-Looking Statements Certain of the statements made in this document are forward-looking statements, which are based on our current assumptions and beliefs in light of the information currently available to us. These forward-looking statements involve know
Slide 48: KYOCERA
KYOCERA KYOCERA Corporation © 2025 KYOCERA Corporation