Kyocera Corporation · TSE:6971
Kyocera — FY2022 Earnings Presentation
27 slides from Kyocera's earnings presentation, Apr 28, 2022
Slide 1: Financial Presentation (For the Year Ended March 31, 2022)
April 28, 2022 Financial Presentation (For the Year Ended March 31, 2022) Hideo Tanimoto President and Representative Director Note: This is an English translation of the Japanese original. This translation is prepared for the reference and convenience solely for those who do not use Japanese. In th
Slide 2: Financial Results for the Year Ended March 31, 2022
1. Financial Results for the Year Ended March 31, 2022 Note: Kyocera has changed the classification of its reporting segments from the year ended March 31, 2022. In addition, effective from the three months ended March 31, 2022, certain sales of by-products generated by each reporting segment, which
Slide 3: Financial Results for the Year Ended March 31, 2022 (1)
Financial Results for the Year Ended March 31, 2022 (1) (Unit: Yen in millions) Year Ended March 31, Change 2021 2022 Amount % Sales Revenue 1,526,897 1,838,938 312,041 20.4% Operating 70,644 148,910 78,266 110.8% Profit (4.6%) (8.1%) Profit before 117,559 198,947 81,388 69.2% income taxes (7.7%) (1
Slide 4: Financial Results for the Year Ended March 31, 2022 (2)
Financial Results for the Year Ended March 31, 2022 (2) (Unit: Yen in millions) Year Ended March 31, Change 2021 2022 Amount % Capital 117,106 151,771 34,665 29.6% expenditures (7.7%) (8.3%) Depreciation charge of property, plant and 73,811 90,229 16,418 22.2% (4.8%) (4.9%) equipment R&D expenses 75
Slide 5: Summary for the Year Ended March 31, 2022
Summary for the Year Ended March 31, 2022 Sales revenue reached a new record high, mainly due to increased production of components for 5G and semiconductor-related markets Profit ratio before income taxes improved to double digit, due to increase in sales revenue as well as improvement of productiv
Slide 6: Sales Revenue by Reporting Segment for the Year Ended March 31, 2022
Sales Revenue by Reporting Segment for the Year Ended March 31, 2022 -Compared with the Year Ended March 31, 2021- (Unit: Yen in millions) Year Ended March 31, Sales Revenue by 2021 2022 Change Reporting Segment % of sales % of sales Amount revenue Amount revenue Amount % Core Components Business 43
Slide 7: Business Profit (Loss) by Reporting Segment for the Year Ended March 31, 2022
Business Profit (Loss) by Reporting Segment for the Year Ended March 31, 2022 -Compared with the Year Ended March 31, 2021- (Unit: Yen in millions) Year Ended March 31, Business Profit by Change 2021 2022 Reporting Segment Amount % to sales Amount % to sales Amount % revenue revenue Core Components
Slide 8: (1) Core Components Business
Financial Results by Reporting Segment for the Year Ended March 31, 2022 (1) Core Components Business 800 Sales revenue Business profit 700 (Unit: Yen in billions) (Unit: Yen in billions) ( ) Change from the previous same period Business profit ratio ( ) Change from the previous same period 600 11.7
Slide 9: (2) Electronic Components Business
Financial Results by Reporting Segment for the Year Ended March 31, 2022 (2) Electronic Components Business 500 Sales revenue Business profit 450 (Unit: Yen in billions) (Unit: Yen in billions) 400 ( ) Change from the previous same period Business profit ratio ( ) Change from the previous same perio
Slide 10: (3) Solutions Business
Financial Results by Reporting Segment for the Year Ended March 31, 2022 (3) Solutions Business Sales revenue Business profit 1,400 140 (Unit: Yen in billions) (Unit: Yen in billions) 1,200( ) Change from the previous same period 120 Business profit ratio ( ) Change from the previous same period 983
Slide 11: 2. Financial Forecasts for the Year Ending March 31, 2023
2. Financial Forecasts for the Year Ending March 31, 2023 10 © KYOCERA Corporation
Slide 12: Financial Forecast for the Year Ending March 31, 2023 (1)
Financial Forecast for the Year Ending March 31, 2023 (1) (Unit: Yen in millions) Year ended Year ending Change March 31, 2022 March 31, 2023 Amount % Sales revenue 1,838,938 2,000,000 161,062 8.8% Operating 148,910 174,000 25,090 16.8% profit (8.1%) (8.7%) Profit before 198,947 220,000 21,053 10.6%
Slide 13: Financial Forecast for the Year Ending March 31, 2023 (2)
Financial Forecast for the Year Ending March 31, 2023 (2) (Unit: Yen in millions) Year ended Year ending Change March 31, 2022 March 31, 2023 Amount % Capital 151,771 200,000 48,229 31.8% expenditures (8.3%) (10.0%) Depreciation charge of property, plant and 90,229 120,000 29,771 33.0% equipment (4.
Slide 14: Sales Revenue Forecast by Reporting Segment for FY Mar. 2023
Sales Revenue Forecast by Reporting Segment for FY Mar. 2023 (Unit: Yen in millions) Year ended Year ending Change Sales Revenue by March 31, 2022 March 31, 2023 Reporting Segment Amount % of sales Amount % of sales Amount % revenue revenue Core Components Business 527,933 28.7% 582,000 29.1% 54,067
Slide 15: Business Profit (Loss) Forecast by Reporting Segment for FY Mar. 2023
Business Profit (Loss) Forecast by Reporting Segment for FY Mar. 2023 (Unit: Yen in millions) Year ended Year ending Business Profit by March 31, 2022 Change March 31, 2023 Reporting Segment Amount % to sales Amount % to sales Amount % revenue revenue Core Components Business 61,640 11.7% 82,000 14.
Slide 16: Major Initiatives to Achieve Forecast of FY Mar. 2023
Major Initiatives to Achieve Forecast of FY Mar. 2023 1 Increasing production capacity of components for 5G and semiconductor-related markets Core Components Business Fine ceramic components Ceramic packages Organic packages for semiconductor and boards processing equipment Electronic Components Bus
Slide 17: Initiatives to achieve 3 trillion yen sales revenue
Medium- to Long-term Financial Target Initiatives to achieve 3 trillion yen sales revenue Continuing capital expenditure to increase capacity of high demand components Accelerating development of new businesses Forecasting to achieve the medium-term target of 10% or higher sales revenue of 2 tri
Slide 18: Major Initiatives for Medium- to Long-Term Growth: Capital Expenditure
Major Initiatives for Medium- to Long-Term Growth (1) Continuing Capital Expenditure to Increase the Capacity of High-demand Components Aiming to seize business opportunity by aggressive expansion investment for exponential growth FY23/3 FY Mar. 2023 FY Mar. 2024 Announced on Apr. 20, 2022 New KAVX*
Slide 19: Major Initiatives for Medium- to Long-Term Growth: New Businesses
Major Initiatives for Medium- to Long-Term Growth (2) Accelerating Development of New Businesses Aiming to achieve annual sales revenue of 250.0 billion yen by new businesses, as a medium- to long-term growth driver Gallium Nitride (GaN) Robotics Digital textile printing Systems machine High-efficie
Slide 20: Shareholder Returns
Shareholder Returns Enhancing shareholder returns by improving business performances Basic policy for shareholder returns ▶Dividend of a payout ratio of around 50% of profit attributable to owners of the parent ▶Acquisition of its own shares when appropriate From FY Mar. 2020 Conduct share repurchas
Slide 21: Appendix: Quarterly Trends of Financial Results
Appendix: Quarterly Trends of Financial Results 20 © KYOCERA Corporation
Slide 22: Quarterly Trends of Financial Results
Quarterly Trends of Financial Results Sales revenue Operating profit （Unit : Yen in billions） Profit ratio （Unit : Yen in billions） 600.0 70.0 483.2 9.5% 8.9% 500.0 455.6 479.4 60.0 7.7% 426.4 420.7 6.5% 6.3% 378.9 404.5 50.0 43.3 400.0 4.4% 4.7% 42.8 317.1 40.0 2.4% 300.0 32.4 30.4 30.0 27.6 200.0
Slide 23: Quarterly Trends: (1) Core Components Business
Quarterly Trends of Financial Results by Reporting Segment (1) Core Components Business Sales revenue Business profit 180.0 Industrial & Automotive （Unit : Yen in billions） Business profit ratio （Unit : Yen in billions） Components Unit 160.0 Semiconductor Components Unit 140.2 140.0 133.0 135.7 12.8
Slide 24: Quarterly Trends: (2) Electronic Components Business
Quarterly Trends of Financial Results by Reporting Segment (2) Electronic Components Business Sales revenue Business profit 25.0 120.0 （Unit : Yen in billions） Business profit ratio （Unit : Yen in billions） 100.0 20.0 16.9% 89.5 15.9% 86.5 86.3 14.9% 80.0 76.8 9.5% 70.6 73.9 74.1 9.0% 10.1% 14.6 9.0
Slide 25: Quarterly Trends: (3) Solutions Business
Quarterly Trends of Financial Results by Reporting Segment (3) Solutions Business Sales revenue Business profit （Unit : Yen in billions） Business profit ratio （Unit : Yen in billions） Industrial Tools Unit Document Solutions Unit Communications Unit 255.2 261.0 Others 238.4 228.0 239.5 9.6% 8.6% 6.7
Slide 26: Cautionary Statements with respect to Forward-Looking Statements
Cautionary Statements with respect to Forward-Looking Statements Certain of the statements made in this document are forward-looking statements, which are based on our current assumptions and beliefs in light of the information currently available to us. These forward-looking statements involve know
Slide 27: THE NEW VALUE FRONTIER
THE NEW VALUE FRONTIER ry KYOCERA KYOCERA Corporation