Kyocera Corporation · TSE:6971
Kyocera — FY2015 Earnings Presentation
37 slides from Kyocera's earnings presentation, Apr 28, 2015
Slide 1: Financial Presentation
April 28, 2015 Financial Presentation Goro Yamaguchi President and Representative Director
Slide 2: Today's Presentation
Today’s Presentation 1. Financial Results for the Year Ended March 31, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Future Initiatives 1
Slide 3: 1. Financial Results for the Year Ended March 31, 2015
1. Financial Results for the Year Ended March 31, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Future Initiatives 2
Slide 4: Financial Results for the Year Ended March 31, 2015
Financial Results for the Year Ended March 31, 2015 (Unit: Yen in millions) Years ended March 31, Change 2014 2015 Amount % to net sales Amount % to net sales Amount % Net sales 1,447,369 100.0% 1,526,536 100.0% 79,167 5.5% Profit from operations 120,582 8.3% 93,428 6.1% -27,154 -22.5% Pre-tax incom
Slide 5: Sales by Reporting Segment for the Year Ended March 31, 2015
Sales by Reporting Segment for the Year Ended March 31, 2015 (Unit: Yen in millions) Years ended March 31, Change 2014 2015 Amount % of net sales Amount % of net sales Amount % Fine Ceramic Parts Group 80,020 5.5% 90,694 5.9% 10,674 13.3% Semiconductor Parts Group 187,891 13.0% 217,879 14.3% 29,988
Slide 6: Operating Profit by Reporting Segment for the Year Ended March 31, 2015
Operating Profit by Reporting Segment for the Year Ended March 31, 2015 (Unit: Yen in millions) Years ended March 31, Change 2014 2015 Amount % to net sales Amount % to net sales Amount % Fine Ceramic Parts Group 11,836 14.8% 16,134 17.8% 4,298 36.3% Semiconductor Parts Group 31,889 17.0% 33,971 15.
Slide 7: Financial Results by Reporting Segment - Fine Ceramic Parts Group
Financial Results by Reporting Segment - Fine Ceramic Parts Group - Sales (Unit: Yen in billions) 90.7 80.0 Changes compared with FY3/2014 Sales ¥ ＋10.7 billion +13.3％ Operating profit ¥ ＋4.3 billion +36.3％ FY3/2014 3/2015 <Major Factors> Operating Profit Increased sales of components for (Unit: Y
Slide 8: Financial Results by Reporting Segment - Semiconductor Parts Group
Financial Results by Reporting Segment - Semiconductor Parts Group - Sales (Unit: Yen in billions) 217.9 Changes compared with FY3/2014 187.9 Sales ¥ ＋30.0 billion +16.0％ Operating profit ¥ ＋2.1 billion +6.5％ <Major Factors> Increased sales of ceramic packages FY3/2014 3/2015 for smartphones, comm
Slide 9: Financial Results by Reporting Segment - Applied Ceramic Products Group
Financial Results by Reporting Segment - Applied Ceramic Products Group - Sales (Unit: Yen in billions) 272.8 277.6 Changes compared with FY3/2014 Sales ¥ ＋4.8 billion +1.8％ Operating profit ¥ - 30.3 billion - 90.6％ <Major Factors> FY3/2014 3/2015 Decreased sales in the solar energy business due t
Slide 10: Financial Results by Reporting Segment - Electronic Device Group
Financial Results by Reporting Segment - Electronic Device Group - Sales (Unit: Yen in billions) 284.3 284.1 Changes compared with FY3/2014 Sales ¥ - 0.2 billion -0.1％ Operating profit ¥ ＋13.2 billion +62.4％ <Major Factors> FY3/2014 3/2015 Increased demand for capacitors and connectors for smartph
Slide 11: Financial Results by Reporting Segment - Telecommunications Equipment Group
Financial Results by Reporting Segment - Telecommunications Equipment Group - Sales (Unit: Yen in billions) Changes compared with FY3/2014 204.3 186.7 Sales ¥ ＋17.6 billion +9.4％ Operating profit ¥ -21.6 billion － <Major Factors> FY3/2014 3/2015 Increased sales due to sales growth of Operating Pro
Slide 12: Financial Results by Reporting Segment - Information Equipment Group
Financial Results by Reporting Segment - Information Equipment Group - Sales (Unit: Yen in billions) 332.6 307.8 Changes compared with FY3/2014 Sales ¥ ＋24.8 billion +8.0％ Operating profit ¥ ＋6.4 billion +22.6％ <Major Factors> FY3/2014 3/2015 Operating Profit Increased sales due to growing (Unit:
Slide 13: Financial Results by Reporting Segment - Others
Financial Results by Reporting Segment - Others - Sales (Unit: Yen in billions) 173.1 172.9 Changes compared with FY3/2014 Sales ¥ -0.2 billion -0.1％ Operating profit ¥ ＋0.5 billion +9.1％ FY3/2014 3/2015 <Major Factors> Operating Profit Sales remained roughly on par Operating Profit Ratio (Unit: Y
Slide 14: 2. Financial Forecast for the Year Ending March 31, 2016
1. Financial Results for the Year Ended March 31, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Future Initiatives 13
Slide 15: Financial Forecast for the Year Ending March 31, 2016
Financial Forecast for the Year Ending March 31, 2016 (Unit: Yen in millions) Year ended March 31, Year ending March 31, Change 2015 2016 Amount % to net sales Amount % to net sales Amount % Net sales 1,526,536 100.0% 1,600,000 100.0% 73,464 4.8% Profit from operations 93,428 6.1% 160,000 10.0% 66,5
Slide 16: Sales Forecast by Reporting Segment
Sales Forecast by Reporting Segment (Unit: Yen in millions) Year ended March 31, Year ending March 31, Change 2015 2016 Amount % of net sales Amount % of net sales Amount % Fine Ceramic Parts Group 90,694 5.9% 100,000 6.3% 9,306 10.3% Semiconductor Parts Group 217,879 14.3% 248,000 15.5% 30,121 13.8
Slide 17: Operating Profit Forecast by Reporting Segment
Operating Profit Forecast by Reporting Segment (Unit: Yen in millions) Year ended March 31, Year ending March 31, Change 2015 2016 Amount % to net sales Amount % to net sales Amount % Fine Ceramic Parts Group 16,134 17.8% 18,000 18.0% 1,866 11.6% Semiconductor Parts Group 33,971 15.6% 39,000 15.7% 5
Slide 18: Financial Forecast by Reporting Segment - Fine Ceramic Parts Group
Financial Forecast by Reporting Segment - Fine Ceramic Parts Group - Sales (Unit: Yen in billions) 100.0 90.7 Changes compared with FY3/2015 Sales ¥ ＋9.3 billion +10.3％ Operating profit ¥ ＋1.9 billion +11.6％ < Future Initiatives > FY3/2015 3/2016 (Forecast) Operating Profit Expand sales of compone
Slide 19: Financial Forecast by Reporting Segment - Semiconductor Parts Group
Financial Forecast by Reporting Segment - Semiconductor Parts Group - Sales (Unit: Yen in billions) 248.0 217.9 Changes compared with FY3/2015 Sales ¥ ＋30.1 billion +13.8％ Operating profit ¥ ＋5.0 billion +14.8％ < Future Initiatives > FY3/2015 3/2016 (Forecast) Increase production and sales of pack
Slide 20: Financial Forecast by Reporting Segment - Applied Ceramic Products Group
Financial Forecast by Reporting Segment - Applied Ceramic Products Group - Sales (Unit: Yen in billions) 277.6 247.0 Changes compared with FY3/2015 Sales ¥ -30.6 billion -11.0％ Operating profit ¥ ＋15.8 billion +501.5％ < Future Initiatives > FY3/2015 3/2016 (Forecast) Forecast sales growth in the c
Slide 21: Financial Forecast by Reporting Segment - Electronic Device Group
Financial Forecast by Reporting Segment - Electronic Device Group - Sales (Unit: Yen in billions) 284.1 295.0 Changes compared with FY3/2015 Sales ¥ +10.9 billion +3.8％ Operating profit ¥ ＋8.6 billion +25.1％ FY3/2015 3/2016 (Forecast) < Future Initiatives > Operating Profit Expand sales by boostin
Slide 22: Expand Component Business for Smartphones
Expand Component Business for Smartphones Sales Target for FY3/2016 +Approx.30％ Mobile Handset Market ＋約 30 （Compared with％ （前期比） FY3/2015) Forecast for shipment volume Ceramic of global mobile handsets packages （Billions unit) 2.525 Approx. 20 2.0 Feature phones ＋ 30％ 1.5 15 Smartphones 10 1.0 0.55
Slide 23: Financial Forecast by Reporting Segment - Telecommunications Equipment Group
Financial Forecast by Reporting Segment - Telecommunications Equipment Group - Sales (Unit: Yen in billions) 204.3 205.0 Changes compared with FY3/2015 Sales ¥ +0.7 billion +0.3％ Operating profit ¥ ＋23.2 billion － < Future Initiatives > FY3/2015 3/2016 (Forecast) Operating Profit Expand product li
Slide 24: Financial Forecast by Reporting Segment - Information Equipment Group
Financial Forecast by Reporting Segment - Information Equipment Group - Sales (Unit: Yen in billions) 360.0 332.6 Changes compared with FY3/2015 Sales ¥ +27.4 billion +8.2％ Operating profit ¥ ＋1.4 billion +4.1％ < Future Initiatives > FY3/2015 3/2016 (Forecast) Operating Profit Expand lineup throug
Slide 25: Financial Forecast by Reporting Segment - Others
Financial Forecast by Reporting Segment - Others - Sales (Unit: Yen in billions) 172.9 184.0 Changes compared with FY3/2015 Sales ¥ +11.1 billion +6.4％ Operating profit ¥ ＋8.2 billion +119.0％ FY3/2015 3/2016 (Forecast) < Future Initiatives > Operating Profit Increase sales at Kyocera Communication
Slide 26: 3. Future Initiatives
1. Financial Results for the Year Ended March 31, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Future Initiatives 25
Slide 27: Kyocera Group Objective
Kyocera Group Objective Aim to be a high-growth, highly profitable company －Growth Rate of Sales and Pre-tax Income－ Speed up corporate growth 7,000 Sales (Unit: Yen in billions) Pre-tax income 20,000 6,000 2,000.0 CAGR 1,600.0 16,000 5,000 ・ Increase business investment, including 7% M&As in growth
Slide 28: Expand Business in Core Markets
Expand Business in Core Markets Four core markets Information & Automotive Communication Related Environment Medical and and Energy Healthcare Expand sales in Thoroughly reduce Create new businesses existing businesses costs Speed up corporate growth Established a new structure in April 2015 under d
Slide 29: Expand Sales in Information & Communication Market
Expand Sales in Information & Communication Market Information & Communication Market IOT Communication Infrastructure Supply core components for network systems Support high-speed communication Server/Router Cloud M2M Module FCBGA Smart Grid ＋ substrates Mobile Handset/ High-density Information Clo
Slide 30: Expand Production Volume in Components Business
Expand Production Volume in Components Business Information & Communication Market Production volume forecast for SMD packages FY3/2014 shown as standard of 100 Expand production of China、Japan Vietnam 130 components for smartphones in FY3/2016 100 [Semiconductor Parts Group] ・ SMD packages (Vietnam
Slide 31: Increase Production in Information Equipment Business
Increase Production in Information Equipment Business Information & Communication Market Production Volume Target in Vietnam Vietnam plant target in FY3/2018 (million units) 2 ・ Production capacity: 2mn units/year (4x from FY3/2015) ・ Employees: Approx. 5,000 1.5 (3x from FY3/2015) 1 4x 0.5 0 ～ ～ FY
Slide 32: Boost Sales in Automotive Related Markets
Boost Sales in Automotive Related Markets Automotive Related Market Infotainment compatible Expand product lineup supporting advanced information processing and automated driving capability Safety responsive Develop products compliant with laws and regulations in Europe/ North America Telecom module
Slide 33: Development in Environment and Energy Market
Development in Environment and Energy Market Environment and Energy Market Shipment volume for solar panels （Units:GW） Japan USA China Europe Others Initiatives in the solar energy business 50 46.9 • Secure orders by utilizing long 39.3 40.3 7.2 reliability of products and 38.7 financial stability 4
Slide 34: Boost Sales in Environment and Energy Market
Boost Sales in Environment and Energy Market Environment and Energy Market Aggregation Service Automated Demand Response (Under demonstration experiment) ・ Control generating power 【Commercial Use】 【Power generating ・ Power collecting service Acquire business business】 ・ Maintenance service for batt
Slide 35: Expand Sales in Medical & Healthcare Market
Expand Sales in Medical & Healthcare Market Medical and Healthcare Market Implant business Medial equipment related Medical Orthopedic CT joints Endoscopes Super small Alumina substrates Tantalum capacitors for CT ceramic packages Medical camera/ Medical equipment Dental implants Defibrillators Cera
Slide 36: Trends of Dividend per Share
Trends of Dividend per Share Increase EPS through corporate growth Dividend per share (yen) EPSs（yen） 315.9 327.1 241.9 Increase dividend 181.2 per share 100 100 80 Dividend Policy 60 30％ or higher payout ratio FY3/2013 3/2014 3/2015 3/2016 2016/3… （Forecast) ※ Dividend per share is based on the num
Slide 37: 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.