Kyocera Corporation · TSE:6971
Kyocera — H1 FY3/2011 Earnings Presentation
31 slides from Kyocera's earnings presentation, Oct 29, 2010
Slide 1: Kyocera Corporation Financial Presentation
October 29, 2010 Kyocera Corporation Financial Presentation (Six Months ended September 30, 2010) Tetsuo Kuba President and Representative Director
Slide 2: Today's Presentation
Today’s Presentation １．Financial Results １．Financial Results of of H1 H1 FY3/2011 FY3/2011 ２．Financial Results ２．Financial Results of of Q2 Q2 FY3/2011 FY3/2011 ３．Financial Forecast ３．Financial Forecast for for FY3/2011 FY3/2011 ＊Printed by Kyocera Mita’s ECOSYS printer
Slide 3: Financial Results of H1 FY3/2011
１．Financial Results １．Financial Results of of H1 H1 FY3/2011 FY3/2011
Slide 4: Financial Results of H1 FY3/2011
Financial Results of H1 FY3/2011 － Comparison with H1 FY3/2010 － (Unit: Yen in billions) Six months ended September 30, Change 2009 2010 % of % of Amount net sales Amount net sales Amount % Net sales 483.9 100.0 637.4 100.0 153.5 31.7 Profit from operations 8.9 1.8 81.8 12.8 72.9 823.0 Pre-tax incom
Slide 5: Sales by Reporting Segment
Sales by Reporting Segment － Six months ended September 30, 2010 － (Unit: Yen in billions) Six months ended September 30, Change Reporting Segment 2009 2010 Amount % of total Amount % of total Amount % Fine Ceramic Parts Group 21.5 4.4 36.7 5.8 15.2 70.4 Semiconductor Parts Group 62.2 12.9 88.
Slide 6: Operating Profit by Reporting Segment
Operating Profit by Reporting Segment － Six months ended September 30, 2010 － (Unit: Yen in billions) Six months ended September 30, Change Reporting Segment 2009 2010 % to net % to net Amount Amount Amount % sales sales Fine Ceramic Parts Group -3.6 － 5.3 14.5 8.9 － Semiconductor Parts Group
Slide 7: Summary of H1 FY3/2011 Results
Summary of H1 FY3/2011 Results － Comparison with H1 FY3/2010 － Achieved increases in sales and profit in all reporting segments despite impact of yen appreciation 1. Components Business: Expanded sales and profit due to favorable business environment and enhanced production capacity Sales: + ¥98.9 b
Slide 8: Six-Month Business Trends
Six-Month Business Trends Both pre-tax income and income ratio improved beyond H1 FY3/2009 Sales Pre-tax income (Unit:Yen in billions) (Unit: Yen in billions) 800 Pre-tax income ratio(%) 150 Sales Pre-tax income 658.7 637.4 589.9 100 483.9 469.9 400 89.5 74.0 50 43.7 14.0% 11.2% 17.1 7.4% -18.0 3.5%
Slide 9: Financial Results of Q2 FY3/2011
２．Financial Results ２．Financial Results of of Q2 Q2 FY3/2011 FY3/2011
Slide 10: Financial Results of Q2 FY3/2011
Financial Results of Q2 FY3/2011 － Comparison with Q1 FY3/2011 － (Unit: Yen in billions) Three months ended Change June 30, 2010 September 30, 2010 % of % of Amount Amount Amount % net sales net sales Net sales 313.2 100.0 324.2 100.0 11.0 3.5 Profit from operations 40.6 13.0 41.2 12.7 0.6 1.4 Pre-t
Slide 11: Sales by Reporting Segment
Sales by Reporting Segment － Three months ended September 30, 2010 － (Unit: Yen in billions) Three months ended Change Reporting Segment June 30, 2010 September 30, 2010 Amount % of total Amount % of total Amount % Fine Ceramic Parts Group 17.2 5.5 19.4 6.0 2.2 12.8 Semiconductor Parts Group 4
Slide 12: Operating Profit by Reporting Segment
Operating Profit by Reporting Segment － Three months ended September 30, 2010 － (Unit: Yen in billions) Three months ended Change Reporting Segment June 30, 2010 September 30, 2010 % to net % to net Amount Amount Amount % sales sales Fine Ceramic Parts Group 2.3 13.5 3.0 15.4 0.7 28.9 Semicond
Slide 13: Summary of Q2 FY3/2011 Results
Summary of Q2 FY3/2011 Results － Comparison with Q1 FY3/2011 － 1. Increased sales and profit in Components Business: Continued high demand z Increased component sales for digital consumer equipment, industrial machinery and automotive markets z Increased sales in solar energy business in Japan and o
Slide 14: Financial Forecast for FY3/2011
３．Financial Forecast ３．Financial Forecast for for FY3/2011 FY3/2011
Slide 15: Financial Forecast for the Year Ending March 31, 2011
Financial Forecast for the Year Ending March 31, 2011 (Unit: Yen in billions) Year ended Year ending March 31, 2011 (Forecast) Change from Previous Previous March 31, 2010 Previous Revised year forecast % of net % of net % of net Amount Amount Amount Amount Amount sales sales sales Net sales 1,073.8
Slide 16: Sales Forecast by Reporting Segment
Sales Forecast by Reporting Segment － Year ending March 31, 2011 － (Unit: Yen in billions) Year ending March 31, 2011 Change from Year ended (Forecast) Reporting Segment March 31, 2010 Previous Previous Previous Revised year forecast Amount % of total Amount % of total Amount % of total Amount Amo
Slide 17: Operating Profit Forecast by Reporting Segment
Operating Profit Forecast by Reporting Segment － Year ending March 31, 2011 － (Unit: Yen in billions) Year ending March 31, 2011 Change from Year ended (Forecast) Reporting Segment March 31, 2010 Previous Previous Previous Revised year forecast % of net % of net % of net Amount Amount Amount Amoun
Slide 18: Factors behind Revisions to Forecasts for FY3/2011
Factors behind Revisions to Forecasts for FY3/2011 1. Components Business: More favorable business environment than previous forecast z Growing demand for sophisticated digital consumer equipment such as smartphones z Recovery in production in industrial machinery and automotive markets Sales and op
Slide 19: Second Half Initiatives: Fine Ceramic Parts Group
Second Half Initiatives by Reporting Segment Fine Ceramic Parts Group 70 Sales and Operating Profit (Yen in billions) 120 Market Outlook Sales Pre-tax income Pre-tax income ratio (%) z Slowed component demand for digital consumer equipment z Increase in demand for automotive parts for environmental-
Slide 20: Second Half Initiatives: Semiconductor Parts Group
Second Half Initiatives by Reporting Segment Semiconductor Parts Group Sales and Operating Profit (Yen in billions) 70 Market Outlook 120 Sales Pre-tax income Pre-tax income ratio (%) z Solid demand for sophisticated digital consumer equipment such as smartphones z Production adjustment in market re
Slide 21: Second Half Initiatives: Applied Ceramic Products Group
Second Half Initiatives by Reporting Segment Applied Ceramic Products Group Sales and Operating Profit Solar energy business (Yen in billions) 60 130.0 Sales Pre-tax income Pre-tax income ratio (%) Market Outlook z Growing demand in Japan and overseas 105.4 z Price down of solar panels 95.6 90.2 Ini
Slide 22: Second Half Initiatives: Electronic Device Group
Second Half Initiatives by Reporting Segment Electronic Device Group Sales and Operating Profit 50 (Yen in billions) Market Outlook 150.0 Sales Pre-tax income Pre-tax income ratio (%) z Despite robust demand for smartphones, 123.6 forecast production adjustments for 113.9 conventional handsets, PCs
Slide 23: Second Half Initiatives: Telecommunications Equipment Group
Second Half Initiatives by Reporting Segment 200 Telecommunications Equipment Group Sales and Operating Profit (Yen in billions) Market Outlook Sales Pre-tax income Pre-tax income ratio (%) z Increase in demand for smartphones in 122.3 the U.S. 109.4 105.7 z Slow demand for handsets in Japan 40 z Re
Slide 24: Second Half Initiatives: Information Equipment Group
Second Half Initiatives by Reporting Segment Information Equipment Group Sales and Operating Profit (Yen in billions)40 Market Outlook 150 Sales Pre-tax income Pre-tax income ratio (%) z Moderate recovery in information technology investment in developed nations 121.2 117.0 119.0 z Increase in deman
Slide 25: Second Half Initiatives: Others
Second Half Initiatives by Reporting Segment Others Kyocera Communication Systems Co., Ltd (KCCS) Sales and Operating Profit 50 (Yen in billions) 100 Sales Pre-tax income Pre-tax income ratio (%) Market Outlook z Despite increase in demand for ICT* 73.9 business, intensifying price competition 66.8
Slide 26: Achieve FY3/2011 Forecasts
Achieve FY3/2011 Forecasts Sales Sales Pre-tax income Pre-tax income ratio(%) Pre-tax income (Unit :Yen in billions) (Unit: Yen in billions) 1,500 300 1,283.9 1,290.4 1,260.0 1,128.6 1,073.8 1,000 200 174.8 156.5 160.0 500 13.5% 12.2% 12.7% 100 56.0 60.8 5.7% 5.0% 0 0 FY3/2007 FY3/2008 FY3/2009 FY3/
Slide 27: Appendixes
z Appendixes
Slide 28: Financial Results of Q2 FY3/2011
Financial Results of Q2 FY3/2011 － Comparison with Q2 FY3/2010 － (Unit: Yen in billions) Three months ended September 30, Change 2009 2010 % of % of Amount Amount Amount % net sales net sales Net sales 258.5 100.0 324.2 100.0 65.7 25.4 Profit from operations 14.4 5.6 41.2 12.7 26.8 185.2 Pre-tax inc
Slide 29: Sales by Reporting Segment
Sales by Reporting Segment － Three months ended September 30, 2010 － (Unit: Yen in billions) Three months ended September 30, 2010 Change Reporting Segment 2009 2010 Amount % of total Amount % of total Amount % of total Fine Ceramic Parts Group 12.3 4.8 19.4 6.0 7.1 58.7 Semiconductor Parts Gr
Slide 30: Operating Profit by Reporting Segment
Operating Profit by Reporting Segment － Three months ended September 30, 2010 － (Unit: Yen in billions) Three months ended Change Reporting Segment June 30, 2010 September 30, 2010 % of % of Amount Amount Amount % net sales net sales Fine Ceramic Parts Group -0.8 － 3.0 15.4 3.8 － Semiconductor
Slide 31: 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.