Kyocera Corporation · TSE:6971
Kyocera — H1 FY3/2014 Earnings Presentation
28 slides from Kyocera's earnings presentation, Nov 1, 2013
Slide 1: Financial Presentation
November 1, 2013 Financial Presentation (Six Months ended September 30, 2013) Goro Yamaguchi President and Representative Director
Slide 2: Today's Presentation
Today's Presentation 1. Financial Results for the First Half in FY3/2014 2. Financial Forecast for FY3/2014
Slide 3: 1. Financial Results for the First Half in FY3/2014
1. Financial Results for the First Half in FY3/2014
Slide 4: Financial Results for H1 FY3/2014
Financial Results for H1 FY3/2014 - Comparison with H1 FY3/2013- (Unit: Yen in millions) Six months ended September 30, Change 2012 2013 Amount % to net sales Amount % to net sales Amount % Net sales 608,431 100.0 699,663 100.0 91,232 15.0 Profit from operations 25,891 4.3 58,203 8.3 32,312 124.8 Pr
Slide 5: Sales by Reporting Segment for H1 FY3/2014
Sales by Reporting Segment for H1 FY3/2014 - Comparison with H1 FY3/2013 - (Unit: Yen in millions) Six months ended September 30, Change Reporting Segment 2012 2013 % of % of Amount net sales Amount net sales Amount % Fine Ceramic Parts Group 38,399 6.3 38,187 5.5 -212 -0.6 Semiconductor Parts
Slide 6: Operating Profit by Reporting Segment for H1 FY3/2014
Operating Profit by Reporting Segment for H1 FY3/2014 - Comparison with H1 FY3/2013 - (Unit: Yen in millions) Six months ended September 30, Change Reporting Segment 2012 2013 Amount % to net sales Amount % to net sales Amount % Fine Ceramic Parts Group 4,535 11.8 5,762 15.1 1,227 27.1 Semicon
Slide 7: Summary for H1 FY3/2014 Results
Summary for H1 FY3/2014 Results – Comparison with H1 FY3/2013 – Sales and profit up markedly year on year Net sales: up ¥91.2 billion, or 15.0% Significant growth in the Applied Ceramic Products Group sales due to increased solar energy demand (+ ¥42.1 billion) Sales up in the Information Equipm
Slide 8: 2. Financial Forecast for FY3/2014
2. Financial Forecast for FY3/2014
Slide 9: Financial Forecast for FY3/2014
Iドライブに保存しておきます。 Financial Forecast for FY3/2014 (Unit: Yen in millions) Year ending Year ended March 31, 2014 (Forecast) Changes in amount March 31, 2013 Previous Revised compared with (April 2013) (October 2013) % to % to % to Year ended Previous Amount net sales Amount net sales Amount net sales M
Slide 10: Sales Forecast by Reporting Segment for FY3/2014
Sales Forecast by Reporting Segment for FY3/2014 (Unit: Yen in millions) Year ending Year ended March 31, 2014 (Forecast) Changes in amount March 31, 2013 Previous Revised compared with Reporting Segment (April 2013) (October 2013) % to % to % to Year ended Previous Amount net sales Amount net sal
Slide 11: Operating Profit Forecast by Reporting Segment for FY3/2014
Operating Profit Forecast by Reporting Segment for FY3/2014 (Unit: Yen in millions) Year ending Year ended March 31, 2014 (Forecast) Changes in amount March 31, 2013 Previous Revised compared with Reporting Segment (April 2013) (October 2013) % to % to % to Year ended Previous Amount net sales Amo
Slide 12: Forecast for H2 FY3/2014: Fine Ceramic Parts Group
Forecast by Reporting Segment for H2 FY3/2014 Fine Ceramic Parts Group (Unit: Yen in billions) Compared with H1 FY3/2014 Sales Operating profit Ratio (%) Net Sales ＋6.1 billion （＋16.0%） 44.3 Operating Profit ＋1.4 billion （＋25.6%） 38.4 38.2 36.5 7.2 H2 Initiatives 5.8 4.5 Secure orders of parts for
Slide 13: Forecast for H2 FY3/2014: Semiconductor Parts Group
Forecast by Reporting Segment for H2 FY3/2014 Semiconductor Parts Group (Unit: Yen in billions) Compared with H1 FY3/2014 140 Sales Operating profit Ratio (%) Net Sales ＋24.8 billion （＋28.6%） 111.9 Operating Profit ‐0.0 billion （‐0.5%） 84.8 87.1 82.5 H2 Initiatives Expand sales of packages for dig
Slide 14: Forecast for H2 FY3/2014: Applied Ceramic Products Group
Forecast by Reporting Segment for H2 FY3/2014 Applied Ceramic Products Group (Unit: Yen in billions) 0.55 Compared with H1 FY3/2014 180 Sales Operating profit Ratio (%) Net Sales ＋2.0 billion （＋1.5%） Operating Profit ‐0.0 billion （‐0.5%） 126.0 127.5 129.5 85.4 H2 Initiatives 14.8 14.8 Expand sales
Slide 15: Forecast for H2 FY3/2014: Electronic Device Group
Forecast by Reporting Segment for H2 FY3/2014 Electronic Device Group (Unit: Yen in billions) Compared with H1 FY3/2014 Sales Operating profit Ratio (%) Net Sales ‐13.0 billion （‐8.8%） 147.5 140.8 130.8 134.5 Operating Profit ‐1.4 billion （‐9.0%） H2 Initiatives 14.7 Expand sales of parts for digit
Slide 16: Forecast for H2 FY3/2014: Telecommunications Equipment Group
Forecast by Reporting Segment for H2 FY3/2014 Telecommunications Equipment Group (Unit: Yen in billions) Compared with H1 FY3/2014 0.35 Sales Operating profit Ratio (%) Net Sales ‐0.2 billion （‐0.1%） 93.0 96.6 96.4 Operating Profit ＋4.4 billion （ ー ） 84.3 H2 Initiatives 4.7 Expand sales by augment
Slide 17: Forecast for H2 FY3/2014: Information Equipment Group
Forecast by Reporting Segment for H2 FY3/2014 Information Equipment Group (Unit: Yen in billions) 0.4 Compared with H1 FY3/2014 Sales Operating profit Ratio (%) Net Sales ＋1.0 billion （ ＋0.7%） 144.5 145.5 Operating Profit ＋4.2 billion （＋39.3%） 133.7 116.8 H2 Initiatives 14.6 11.1 10.6 10.4 Increas
Slide 18: Forecast for H2 FY3/2014: Others
Forecast by Reporting Segment for H2 FY3/2014 Others (Unit: Yen in billions) Sales Operating profit Ratio (%) Compared with H1 FY3/2014 Net Sales ＋13.6 billion （ ＋17.0%） 0.27 93.3 85.0 Operating Profit ＋2.4 billion （＋119.8%） 79.7 74.9 H2 Initiatives 6.2 4.3 7.3% 4.4 Secure orders mainly for the IC
Slide 19: Major Initiatives for FY3/2014
Major Initiatives for FY3/2014 Strengthen Business Foundations Expand Sales in Growing Markets Increase production in Japan Environment by leveraging technological and energy market advantages Reduce costs and increase Information and overseas production to communication market meet grow
Slide 20: Strengthen Business Foundations
Key challenge Strengthen Business Foundations Expand production system worldwide in line with initial plan Japan Overseas Extend organic package production site Start production at new plant in Vietnam • Commenced construction in May 2013 • Ceramic packages in August 2013 and start operation in
Slide 21: Expand Sales in Growing Markets (1)
Key challenge Expand Sales in Growing Markets (1) ー Environment and Energy Market ー Environment & Energy-related Business Increase sales by securing orders for solar generating systems from small-scale to Kyocera’s Solar Module large-scale such as mega-solar projects Shipment Volume including desi
Slide 22: Expand Sales in Growing Markets (2)
Key challenge Expand Sales in Growing Markets (2) ー Information and Communication Market ① ー Telecommunications Equipment Business North America Japan • Started supply to Verizon Wireless • Launch unique new products from feature phone to smartphone Smart Sonic Receiver Distinctive functions Waterpr
Slide 23: Expand Sales in Growing Markets (3) Organic Substrate Business
Key challenge Expand Sales in Growing Markets (3) ー Information and Communication Market ② ー Organic Substrate Business Made NEC Toppan Circuit Solutions, Inc. (currently Kyocera Circuit Solutions, Inc.) into a wholly-owned subsidiary on October 1, 2013 Overview of Kyocera Circuit Solutions, Inc. He
Slide 24: Expand Organic Substrate Business
Expand Organic Substrate Business Aim to be a market leader through strengthened supply systems from packages to boards Kyocera SLC 2013年10月1日より Kyocera Circuit Technologies Corp. Solutions, Inc. Organic packages Motherboards Product line-up (FCBGAs, FCCSPs) Module substrates Package design Board de
Slide 25: Financial Forecast for FY3/2014
Financial Forecast for FY3/2014 Half-year trend Annual trend Net sales Pre-tax income Pre-tax income ratio Net sales Pre-tax income Pre-tax income ratio （unit：Yen in billions） （unit：Yen in billions） Record high Record high 1,430.0 730.3 1,280.1 699.7 671.6 608.4 150.0 80.9 69.1 65.6 101.4 11.1% 10.5
Slide 26: Kyocera Group Management Policy
Kyocera Group Management Policy Aim to be a high-growth, high-profitable company by exploiting group collective capabilities Reinforce collaboration with each business Reinforce cooperation among group ranging from materials/components, companies in marketing and sales devices/equipment to systems/s
Slide 27: Enhance Shareholder Return
Enhance Shareholder Return Changed dividend policy from FY3/2014: Maintain consolidated payout ratio of over 30% Implemented two-for-one stock split on October 1, 2013 Interim dividend for FY3/2014 increased by ¥20 compared with the previous year to ¥80 per share. Forecast ¥40 of year-end di
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.