Kyocera Corporation · TSE:6971
Kyocera — H1 FY3/2010 Earnings Presentation
33 slides from Kyocera's earnings presentation, Nov 2, 2009
Slide 1: Kyocera Corporation Financial Presentation
November 2, 2009 Kyocera Corporation Financial Presentation (Six Months Ended September 30, 2009) Tetsuo Kuba President and Representative Director
Slide 2: Financial Results of H1 FY3/2010
Financial Results of H1 FY3/2010 - Comparison with H1 FY3/2009 - (Unit: Yen in billions) Six months ended September 30, Change 2008 2009 % of net % of net Amount Amount Amount % sales sales Net sales 658.7 100.0 483.9 100.0 -174.8 -26.5 Profit from operations 62.2 9.4 8.9 1.8 -53.4 -85.8 Pre-tax inc
Slide 3: Summary of H1 FY3/2010 (1)
Summary of H1 FY3/2010 (1) - Comparison with H1 FY3/2009 - 1. Decreases in sales and profit due to slump in business environment Components business Sales: ¥ -98.8 billion, Operating profit: ¥ -34.8 billion Decreased demand in key markets such as digital consumer equipment, industrial machineries an
Slide 4: Summary of H1 FY3/2010 (2)
Summary of H1 FY3/2010 (2) - Comparison with H1 FY3/2009 - 2. Yen appreciated against U.S. dollar and Euro H1 FY3/2009 H1 FY3/2010 Average exchange rate (yen) US$: ¥ 106 €: ¥ 163 US$: ¥ 95 €: ¥ 133 Foreign currency fluctuation effect on: Net sales ¥ -34.2 billion ¥ -45.0 billion (compared with previ
Slide 5: Financial Results of Q2 FY3/2010
Financial Results of Q2 FY3/2010 - Comparison with Q1 FY3/2010 - (Unit: Yen in billions) Three months ended Change Jun. 30, 2009 Sep. 30, 2009 % of net % of net Amount Amount Amount % sales sales Net sales 225.4 100.0 258.5 100.0 33.1 14.7 Profit from operations -5.6 -2.5 14.4 5.6 20.0 － Pre-tax inc
Slide 6: Summary of Q2 FY3/2010 (1)
Summary of Q2 FY3/2010 (1) - Comparison with Q1 FY3/2010 - 1. Sales and profit increased in all reporting segments Components business Sales: + ¥ 19.9 billion, Operating profit: + ¥ 10.1 billion Continuing expansion in demand for parts for digital consumer equipment Moderate increase in demand for p
Slide 7: Summary of Q2 FY3/2010 (2)
Summary of Q2 FY3/2010 (2) - Comparison with Q1 FY3/2010 - 2. Executed strategic measures to strengthen business ① Secured new management resources through M&A Information Equipment Group: Converted two document equipment distribution Head office: Seoul Employees*: Approx. 100 companies in South Kor
Slide 8: Quarterly Trends: Fine Ceramic Parts Group
Quarterly Trends by Reporting Segment Fine Ceramic Parts Group Sales (Unit: Yen in billions) Operating profit (Unit: Yen in billions) 5 20 18.8 18.6 1.8 14.8 1.1 12.3 9.6 0 10 9.3 -0.4 -0.8 -2.7 -2.8 0 -5 FY3/09 FY3/10 FY3/09 FY3/10 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Comparison with Q1 FY3/2010: +
Slide 9: Quarterly Trends: Semiconductor Parts Group
Quarterly Trends by Reporting Segment Semiconductor Parts Group Sales (Unit: Yen in billions) Operating profit (Unit: Yen in billions) 50 10 41.2 41.1 6.2 34.1 31.2 5 4.5 28.1 21.7 2.8 25 1.2 1.7 0 0 -5 -3.2 FY3/09 FY3/10 FY3/09 FY3/10 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Comparison with Q1 FY3/2010:
Slide 10: Quarterly Trends: Applied Ceramic Products Group
Quarterly Trends by Reporting Segment Applied Ceramic Products Group Sales (Unit: Yen in billions) Operating profit (Unit: Yen in billions) 50 15 45.1 41.2 11.4 37.0 9.3 36.2 10 29.9 7.3 26.5 3.2 25 5 1.1 0 -0.5 0 -5 FY3/09 FY3/10 FY3/09 FY3/10 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Comparison with Q1
Slide 11: Quarterly Trends: Electronic Device Group
Quarterly Trends by Reporting Segment Electronic Device Group Sales (Unit: Yen in billions) Operating profit (Unit: Yen in billions) 80 10 67.7 70.3 5.2 52.5 49.1 2.6 45.4 0.8 40.7 40 0 -0.9 -2.3 0 -10 FY3/09 -9.2 FY3/10 FY3/09 FY3/10 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Comparison with Q1 FY3/2010:
Slide 12: Quarterly Trends: Telecommunications Equipment Group
Quarterly Trends by Reporting Segment Telecommunications Equipment Group Sales (Unit: Yen in billions) Operating profit (Unit: Yen in billions) 90 10 76.0 59.4 60 49.0 1.2 34.4 42.9 36.8 0 30 -2.1 -3.5 -5.4 -7.1 0 FY3/09 FY3/10 -10 FY3/09 -8.3 FY3/10 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Comparison wi
Slide 13: Quarterly Trends: Information Equipment Group
Quarterly Trends by Reporting Segment Information Equipment Group Sales (Unit: Yen in billions) Operating profit (Unit: Yen in billions) 80 10 64.6 6.9 61.1 57.4 6.3 53.9 53.8 5.3 49.6 5 2.4 2.1 40 0 -1.1 0 -5 FY3/09 FY3/10 FY3/09 FY3/10 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Comparison with Q1 FY3/201
Slide 14: Quarterly Trends: Others
Quarterly Trends by Reporting Segment Others Sales (Unit: Yen in billions) Operating profit (Unit: Yen in billions) 40 15 34.1 13.3 32.2 31.0 30.7 29.1 26.8 10 20 5 1.4 1.8 0.5 -0.0 0 Includes ¥10.6bn in gain on sale of real estate -1.1 0 -5 FY3/09 FY3/10 FY3/09 FY3/10 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4
Slide 15: Financial Forecast
Financial Forecast - Year ending March 31, 2010 - (Unit: Yen in billions) Year ended Year ending Change March 31, 2009 March 31, 2010 (Forecast) Amount Amount % to net sales Amount % Net sales 1,128.6 1,040.0 100.0 -88.6 -7.8 Profit from operations 43.4 44.0 4.2 0.6 1.3 Pre-tax income 56.0 57.0 5.5
Slide 16: Sales Forecast for FY3/2010 by Reporting Segment
Sales Forecast for FY3/2010 by Reporting Segment - Comparison with previous forecast - (Unit: Yen in billions) Year ending March 31, 2010 Change Reporting segment Previous forecast Revised forecast (Made in April 2009) (Made in October 2009) Amount % of total Amount % of total Amount % Fine Cera
Slide 17: Operating Profit Forecast for FY3/2010 by Reporting Segment
Operating Profit Forecast for FY3/2010 by Reporting Segment - Comparison with the previous forecast - (Unit: Yen in billions) Year ending March 31, 2010 Previous forecast Revised forecast Change Reporting segment (Made in April 2009) (Made in October 2009) % of net % of net Amount Amount Amount %
Slide 18: Second Half Initiatives: Fine Ceramic Parts Group
Second Half Initiatives by Reporting Segment Fine Ceramic Parts Group Sales and Operating Profit Trends Initiatives 37.3 (Yen in billions) Expand sales by capturing increasing Sales demand: Operating profit • Parts for digital consumer equipment 26.5 • Parts for semiconductor fabrication 24.4 21.5
Slide 19: Second Half Initiatives: Semiconductor Parts Group
Second Half Initiatives by Reporting Segment Semiconductor Parts Group Sales and Operating Profit Trends Initiatives (Yen in billions) Increase sales for digital consumer Sales 82.3 equipment and servers: Operating profit • Ceramic packages for crystal and SAW 64.8 devices 62.2 • Ceramic packages
Slide 20: Second Half Initiatives: Applied Ceramic Products Group
Second Half Initiatives by Reporting Segment Applied Ceramic Products Group Sales and Operating Profit Trends Initiatives (Yen in billions) Sales Solar energy business Operating profit 86.3 Increase sales in favorable domestic 81.1 market by expanding sales networks 66.9 62.7 Strengthen cost com
Slide 21: Second Half Initiatives: Electronic Device Group
Second Half Initiatives by Reporting Segment Electronic Device Group Sales and Operating Profit Trends Initiatives (Yen in billions) Expand sales of components for 138.0 Sales digital consumer equipment Operating profit Expand sales of new products: 93.3 94.5 95.5 ・ Crystal wave plates ・ Crystal
Slide 22: Second Half Initiatives: Telecommunications Equipment Group
Second Half Initiatives by Reporting Segment Telecommunications Equipment Group Sales and Operating Profit Trends Initiatives 135.4 (Yen in billions) Increase sales by introducing new Sales products in Japan and U.S. markets Operating profit 116.3 Propel crossover sales and develop new 83.3 79.7
Slide 23: Second Half Initiatives: Information Equipment Group
Second Half Initiatives by Reporting Segment Information Equipment Group Sales and Operating Profit Trends Initiatives (Yen in billions) Introduce 8 new models in second half Sales Operating profit 125.7 Expand sales by utilizing sales channels 117.8 of Triumph-Adler AG and new sales 111.2 103.6
Slide 24: Second Half Initiatives: Others
Second Half Initiatives by Reporting Segment Others Sales and Operating Profit Trends Initiatives (Yen in billions) Expand sales, mainly in ICT Sales (Information & Communication Operating profit Technology) business 66.3 64.2 59.7 57.8 Expand electronic component materials business Includes ¥10
Slide 25: Six Monthly Sales and Pre-tax Income Trends
Six Monthly Sales and Pre-tax Income Trends - FY3/2009～FY3/2010 Forecast - Sales (Yen in billions) Operating profit Achieve forecasts for FY3/2010 658.7 556.1 Expand Improve Expand Improve 469.9 sales sales profitability profitability 483.9 Expand sales Promote in key markets cost reductions 74.0 39
Slide 26: Supplemental Information
Supplemental Supplemental Information Information
Slide 27: Capital expenditures / Depreciation costs / R&D expenses
Capital expenditures / Depreciation costs / R&D expenses (Unit: Yen in billions) Year ending Year ended March 31, 2010 Change March 31, 2009 (Forecast) % to % to Amount net sales Amount net sales Amount % Capital expenditures 63.1 5.6 43.0 4.1 -20.1 -31.8 Depreciation 83.8 7.4 68.0 6.5 -15.8 -18.8 R
Slide 28: Sales by Reporting Segment
Sales by Reporting Segment - Six months ended September 30, 2009 - (Unit: Yen in billions) Six months ended September 30, Change Reporting Segment 2008 2009 Amount % of total Amount % of total Amount % Fine Ceramic Parts Group 37.3 5.6 21.5 4.4 -15.8 -42.4 Semiconductor Parts Group 82.3 12.5 6
Slide 29: Operating Profit by Reporting Segment
Operating Profit by Reporting Segment - Six months ended September 30, 2009 - (Unit: Yen in billions) Six months ended September 30, Change Reporting Segment 2008 2009 % to net % to net Amount Amount Amount % sales sales Fine Ceramic Parts Group 2.9 7.7 -3.6 － -6.5 － Semiconductor Parts Group
Slide 30: Sales Forecast by Reporting Segment
Sales Forecast by Reporting Segment - Year ending March 31, 2010 - (Unit: Yen in billions) Year ending March 31, 2010 Change from Year ended (Forecast) Reporting Segment March 31, 2009 Previous Previous Revised Previous year forecast Amount % of total Amount % of total Amount % of total Amount % A
Slide 31: Operating Profit Forecast by Reporting Segment
Operating Profit Forecast by Reporting Segment - Year ending March 31, 2010 - (Unit: Yen in billions) Year ending March 31, 2010 Changes from Year ended (Forecast) Reporting Segment March 31, 2009 Previous Previous Revised Previous year forecast % to net % to net % to net Amount Amount Amount Amou
Slide 32: Notes regarding information in this material
Notes regarding information in this material ・ Amounts are up/down to the nearest 0.1 billion yen. ・ Percentages are computed based on amounts rounded up/down to the nearest millions yen. ・ “Net income attributable to shareholders of Kyocera Corporation” for any specified quarter or fiscal year is c
Slide 33: 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.