Kyocera Corporation · TSE:6971

Kyocera — FY2010 Earnings Presentation

28 slides from Kyocera's earnings presentation, Apr 28, 2010

  1. Slide 1: Financial Presentation (Year ended March 31, 2010)

    April 28, 2010 Financial Presentation (Year ended March 31, 2010) Tetsuo Kuba President and Representative Director

  2. Slide 2: Financial Results for the Year ended March 31, 2010

    Financial Results for the Year ended March 31, 2010

  3. Slide 3: Financial Results

    Financial Results - Year ended March 31, 2010 - (Unit: Yen in billions) Years ended March 31 Change 2009 2010 Amount % Amount % of net sales Amount % of net sales Net sales 1,128.6 100.0 1,073.8 100.0 -54.8 -4.9 Profit from operations 43.4 3.8 63.9 5.9 20.5 47.1 Pre-tax income 56.0 5.0 60.8 5.7 4.8

  4. Slide 4: Summary of FY3/2010 Results

    Summary of FY3/2010 Results 1. Decline in sales mainly due to yen’s appreciation Years ended March 31, 2009 2010 Average exchange rates US$: ¥101 €: ¥143 US$: ¥93 €: ¥131 Foreign currency Net sales ¥▲91.0 billion ¥▲49.0 billion fluctuation effect on: (Compared with the previous year) Pre-tax income

  5. Slide 5: Sales by Reporting Segment

    Sales by Reporting Segment - Year ended March 31, 2010 - (Unit: Yen in billions) Years ended March 31, Change  Reporting Segment 2009 2010 Amount % of total Amount % of total Amount %  Fine Ceramic Parts Group 61.7 5.4 53.1 5.0 -8.6 -14.1  Semiconductor Parts Group 135.1 12.0 140.5 13.1 5.4 4.0 

  6. Slide 6: Operating Profit by Reporting Segment

    Operating Profit by Reporting Segment - Year ended March 31, 2010 - (Unit: Yen in billions) Years ended March 31, Change  Reporting Segment 2009 2010 Amount % of net sales Amount % of net sales Amount %  Fine Ceramic Parts Group -0.2 - -0.8 - -0.6 -  Semiconductor Parts Group 8.6 6.4 17.2 12.3 8.

  7. Slide 7: Business Trends for FY3/2010 (1): Fine Ceramic Parts Group

    Business Trends by Reporting Segment for FY3/2010 (1) Fine Ceramic Parts Group Full-Year Trends (Yen in billions) 61.7 Net sales Compared with FY3/2009 53.1 Operating profit • Both sales and profit decreased due to stagnated production in the information and communications, industrial machinery, and

  8. Slide 8: Business Trends for FY3/2010 (2): Semiconductor Parts Group

    Business Trends by Reporting Segment for FY3/2010 (2) Semiconductor Parts Group Full-Year Trends (Yen in billions) 135.1 140.5 Nett sales Operating profit Compared with FY3/2009 • Ceramic packages for digital consumer 17.2 equipment drove growth in sales. 8.6 • Considerable increase in operating pro

  9. Slide 9: Business Trends for FY3/2010 (3): Applied Ceramic Products Group

    Business Trends by Reporting Segment for FY3/2010 (3) Applied Ceramic Products Group Full-Year Trends (Yen in billions) 157.0 Net sales Compared with FY3/2009 148.9 Operating profit • Sales increased due to an expansion of solar energy business, especially in the Japanese 27.5 market. 19.9 • Operati

  10. Slide 10: Business Trends for FY3/2010 (4): Electronic Device Group

    Business Trends by Reporting Segment for FY3/2010 (4) Electronic Device Group Full-Year Trends (Yen in billions) Net sales Compared with FY3/2009 231.3 199.9 Operating profit • Sales failed to reach the level of FY3/2009, although demand recovered. 13.2 • Operating profit improved significantly as a

  11. Slide 11: Business Trends for FY3/2010 (5): Telecommunications Equipment Group

    Business Trends by Reporting Segment for FY3/2010 (5) Telecommunications Equipment Group Full-Year Trends (Yen in billions) Net sales Compared with FY3/2009 218.8 189.1 Operating profit • Sales declined due to decreased sales of mobile phone handset in both overseas and Japanese markets. • Operating

  12. Slide 12: Business Trends for FY3/2010 (6): Information Equipment Group

    Business Trends by Reporting Segment for FY3/2010 (6) Information Equipment Group Full-Year Trends (Yen in billions) 229.3 232.4 Net sales Compared with FY3/2009 Operating profit • Sales slightly increased thanks to the contribution from new subsidiaries despite yen 22.1 appreciation and curtailed i

  13. Slide 13: Business Trends for FY3/2010 (7): Others

    Business Trends by Reporting Segment for FY3/2010 (7) Others Full-Year Trends (Yen in billions) Net sales Compared with FY3/2009 126.0 124.6 Operating profit • Sales decreased due to stagnant business (excluding one time climate, excluding Kyocera Communications gains of ¥9.4 billion) Systems, Co.,

  14. Slide 14: Initiatives and Results in FY3/2010

    Initiatives and Results in FY3/2010 Challenges Challenges:: Swiftly Swiftlyenhance enhanceprofitability profitabilityand andstrengthen strengthenmanagement management foundation foundationin ineach eachbusiness business Major initiatives Results Cut costs by significantly more than the initial full-

  15. Slide 15: Financial Forecast for the Year ending March 31, 2011

    Financial Forecast for the Year ending March 31, 2011

  16. Slide 16: Financial Forecast

    Financial Forecast - Year ending March 31, 2011 - (Unit: Yen in billions) Year ended March 31, 2010 Year ending March 31, 2011 Change Amount % of net sales Amount % of net sales Amount % Net sales 1,073.8 100.0 1,200.0 100.0 126.2 11.8 Profit from operations 63.9 5.9 122.0 10.2 58.1 91.0 Pre-tax inc

  17. Slide 17: Sales Forecast by Reporting Segment

    Sales Forecast by Reporting Segment - Year ending March 31, 2011 - (Unit: Yen in billions) Year ended Year ending Change  Reporting Segment March 31, 2010 March 31, 2011 Amount % of total Amount % of total Amount %  Fine Ceramic Parts Group 53.1 5.0 64.0 5.3 10.9 20.6  Semiconductor Parts Group 1

  18. Slide 18: Operating Profit Forecast by Reporting Segment

    Operating Profit Forecast by Reporting Segment - Year ending March 31, 2011 - (Unit: Yen in billions) Year ended Year ending Change  Reporting Segment March 31, 2010 March 31, 2011 Amount % of net sales Amount % of net sales Amount %  Fine Ceramic Parts Group -0.8 - 10.0 15.6 10.8 -  Semiconducto

  19. Slide 19: Summary of FY3/2011 Forecast

    Summary of FY3/2011 Forecast 1. Forecast increased sales and profit due to improved business environment and by seizing opportunities for growth • Forecast sales and profit growth both in components and equipment business 2. Execute capital expenditures to meet strong demand • Expand production capa

  20. Slide 20: Key Challenges for FY3/2011

    Key Challenges for FY3/2011 Improve Improveprofitability profitabilityin inthe theElectronic ElectronicDevice DeviceGroup Group Improve Improveprofitability profitabilityin inthe theTelecommunications Telecommunications Equipment EquipmentGroup Group Expand Expandsales salesin insolar solarenergy en

  21. Slide 21: Improve Profitability in the Electronic Device Group (1)

    Improve Profitability in the Electronic Device Group (1) Forecast for production volume of key digital consumer equipment Kyocera Forecast (Millions of units) 1,600 400 +15~20% Mobile phone handsets +10% PCs 800 200 Smart phones 0 0 CY08 CY09 CY10 Forecast CY08 CY09 CY10 Forecast 200 160 Flat panel

  22. Slide 22: Improve Profitability in the Electronic Device Group (2)

    Improve Profitability in the Electronic Device Group (2) 1. Expand sales in emerging countries • Expand sales in China where significant growth in demand is expected 2. Expand sales through new product launch • Expand product line-up of small and high-capacitance capacitors Capacitors • Expand small

  23. Slide 23: Improve profitability in the Telecommunications Equipment Group

    Improve profitability in the Telecommunications Equipment Group FY3/2010 FY3/2011 Profitable in 2H excl. one-time loss Further strengthen business foundations • Reinforce businesses both in Japan and overseas business foundations • Concentrate development and production Full-year profitability manag

  24. Slide 24: Expand Sales in Solar Energy Business (1)

    Expand Sales in Solar Energy Business (1) - Market outlook for FY3/2011 - FY3/2010 (Forecast) FY3/2011 (Forecast) World Market Size 7.2GW 11.0GW (+50%) : Policy driven growth Policy driven growth Conservative view 7.9GW (+10%) : Conservative View *Figures in parentheses represent growth rate compare

  25. Slide 25: Expand Sales in Solar Energy Business (2)

    Expand Sales in Solar Energy Business (2) - Kyocera’s production plan and initiatives for expansion - Expand cell production Kyocera’s production plan (MW) 1,500 Approx. 2.5times Scheduled to start New plan (Comparison with operation in summer 2010 FY3/2010) Original plan Yasu new plant, Japan Appro

  26. Slide 26: Expand Sales in Solar Energy Business (3)

    Expand Sales in Solar Energy Business (3) - Initiatives to increase sales - Promote sale by leveraging advantages of crystalline solar cells Higher Higherconversion conversionefficiency efficiency Long Longterm termproduct productreliability reliability and andmodule moduleoutput output • Higher con

  27. Slide 27: Management Objective for FY3/2011

    Management Objective for FY3/2011 FY3/2011 Seize Seizeopportunities opportunitiesfor forgrowth growthand andaim aimfor foraadouble -digit increase double-digit increase in insales salesand andover overtwo twotimes timesincrease increasein inpre -tax income pre-tax income Major Initiatives Improve Im

  28. Slide 28: 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.

Kyocera — FY2010 Earnings Presentation on 6ix