Kyocera Corporation · TSE:6971
Kyocera — H1 FY3/2016 Earnings Presentation
26 slides from Kyocera's earnings presentation, Oct 30, 2015
Slide 1: Financial Presentation
October 30, 2015 Financial Presentation ( Six Months Ended September 30, 2015 ) Goro Yamaguchi President and Representative Director
Slide 2: Today’s Presentation
Today’s Presentation 1. Financial Results for the Six Months Ended September 30, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Major Initiatives for Future Growth 1
Slide 3: 1. Financial Results for the Six Months Ended September 30, 2015
1. Financial Results for the Six Months Ended September 30, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Major Initiatives for Future Growth 2
Slide 4: Financial Results for First Six Months of FY3/2016
Financial Results for First Six Months of FY3/2016 － Comparison with first six months of FY3/2015 － (Unit: Yen in millions) Six months ended September 30, Change 2014 2015 Amount % to net sales Amount % to net sales Amount % Net sales 714,329 100.0% 722,577 100.0% 8,248 1.2% Profit from operations 5
Slide 5: Sales by Reporting Segment for First Six Months of FY3/2016
Sales by Reporting Segment for First Six Months of FY3/2016 －Comparison with first six months of FY3/2015－ (Unit: Yen in millions) Six months ended September 30, Change 2014 2015 Amount % of net sales Amount % of net sales Amount % Fine Ceramic Parts Group 43,224 6.0% 46,945 6.5% 3,721 8.6% Semicond
Slide 6: Profit by Reporting Segment for First Six Months of FY3/2016
Profit by Reporting Segment for First Six Months of FY3/2016 －Comparison with first six months of FY3/2015－ (Unit: Yen in millions) Six months ended September 30, Change 2014 2015 Amount % to net sales Amount % to net sales Amount % Fine Ceramic Parts Group 7,009 16.2% 8,267 17.6% 1,258 17.9% Semico
Slide 7: Sales of Components Business for First Six Months of FY3/2016
Sales of Components Business for First Six Months of FY3/2016 －Comparison with first six months of FY3/2015－ ¥＋9.0 billion (Yen in billions) （＋2.2%） 418.1 Fine Ceramic Parts Increased sales of parts for semiconductor 409.0 ¥ ＋3.8 billion (＋8.6%) processing equipment as well as automotive components
Slide 8: Operating Profit of Components Business for First Six Months of FY3/2016
Operating Profit of Components Business for First Six Months of FY3/2016 －Comparison with first six months of FY3/2015－ (Yen in billions) ¥＋7.2 billion （＋16.3%） 51.3 Fine Ceramic Parts ¥＋1.3 billion (＋17.9％) Increased profit owing to sales growth of 44.1 8.3 parts for industrial equipment 7.0 Semico
Slide 9: Sales of Equipment Business for First Six Months of FY3/2016
Sales of Equipment Business for First Six Months of FY3/2016 －Comparison with first six months of FY3/2015－ (Yen in billions) ¥－8.0 billion （－3.2%） 249.2 241.2 Telecommunications Equipment Decreased sales due to lower sales 91.6 78.7 ¥ －12.9 billion (－14.0％) of low-end handsets overseas and PHS-rela
Slide 10: Operating Profit of Equipment Business for First Six Months of FY3/2016
Operating Profit of Equipment Business for First Six Months of FY3/2016 －Comparison with first six months of FY3/2015－ (Yen in billions) ¥－9.5 billion （－59.8%） 15.9 6.4 Information Equipment Decreased profit due to ¥－5.2 billion（－30.0％） increased raw material costs reflecting the impact of foreign c
Slide 11: Financial Results for Q2 of FY3/2016
Financial Results for Q2 of FY3/2016 － Comparison with Q1 of FY3/2016 － (Unit: Yen in millions) Three months ended Change June 30, 2015 September 30, 2015 Amount % to net sales Amount % to net sales Amount % Net sales 339,247 100.0% 383,330 100.0% 44,083 13.0% Profit from operations 32,583 9.6% 29,3
Slide 12: Sales by Reporting Segment for Q2 of FY3/2016
Sales by Reporting Segment for Q2 of FY3/2016 －Comparison with Q1 of FY3/2016－ (Unit: Yen in millions) Three months ended Change June 30, 2015 September 30, 2015 Amount % of net sales Amount % of net sales Amount % Fine Ceramic Parts Group 22,901 6.7% 24,044 6.3% 1,143 5.0% Semiconductor Parts Group
Slide 13: Profit by Reporting Segment for Q2 of FY3/2016
Profit by Reporting Segment for Q2 of FY3/2016 －Comparison with Q1 of FY3/2016－ (Unit: Yen in millions) Three months ended Change June 30, 2015 September 30, 2015 Amount % to net sales Amount % to net sales Amount % Fine Ceramic Parts Group 4,199 18.3% 4,068 16.9% -131 -3.1% Semiconductor Parts Grou
Slide 14: 2. Financial Forecast for the Year Ending March 31, 2016
1. Financial Results for the Six Months Ended September 30, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Major Initiatives for Future Growth 13
Slide 15: Financial Forecast for the Year Ending March 31, 2016
Financial Forecast for the Year Ending March 31, 2016 (Unit: Yen in millions) Year ended March 31, Year ending March 31, 2016 (Forecast) Change in amount 2015 compared with Previous (April 2015) Revised (October 2015) Year ended Previous Amount % to net sales Amount % to net sales Amount % to n et s
Slide 16: Factors Behind FY3/2016 Forecast Revision (1) －Components Business－
Factors Behind FY3/2016 Forecast Revision (1) －Components Business－ (Yen in millions) Year Ending March 31, 2016 (Forecast) Change in Reasons for a change Previous Revised amount (April 2015) (October 2015) Sales 100,000 95,000 -5,000 Decrease in demand of sapphire Fine Ceramic Parts substrates and
Slide 17: Factors Behind FY3/2016 Forecast Revision (2) －Equipment Business and Others－
Factors Behind FY3/2016 Forecast Revision (2) －Equipment Business and Others－ (Yen in millions) Year Ending March 31, 2016 (Forecast) Change in Reasons for a change Previous Revised amount (April) (October) ・Demand stagnation in PHS market Telecommunications Sales 205,000 188,000 -17,000 ・Lower sale
Slide 18: 3. Major Initiatives for Future Growth
1. Financial Results for the Six Months Ended September 30, 2015 2. Financial Forecast for the Year Ending March 31, 2016 3. Major Initiatives for Future Growth 17
Slide 19: Exploit New Business Chances Based on Proliferation of IoT
Exploit New Business Chances Based on Proliferation of IoT Create businesses by integrating Kyocera Group’s resources with external resources Needs for sensor and communications technology are spreading to respective markets in line with the proliferation of IoT Information & Communication Market En
Slide 20: Main Initiatives Implemented to October 2015
Main Initiatives Implemented to October 2015 Information & Automotive-related Environment & Energy Medical & Communication Market Market Market Healthcare Market Electronic Device: Entry into power electronics market after making Nihon Inter Electronics Corporation a subsidiary M&A Information Equip
Slide 21: Key M&As Decided in FY3/2016
Key M&As Decided in FY3/2016 Strengthen Information Equipment Group: Decided two M&As Expand solutions business Expand business in the Middle East Solutions provider using Major information ECM (advanced MDS) equipment supplier in Turkey Sales in CY2014: 16.7 million euro Sales in CY2014：30.1 millio
Slide 22: Initiatives to Expand Business in Automotive Market
Initiatives to Expand Business in Automotive Market Expand cutting tool business Strengthen new product development Strengthen production system in China Develop soot sensor (for diesel engine vehicles) Increase production for the Chinese market, the world’s largest automobile producer Stable supply
Slide 23: Basic Policy toward Mid-Term Business Growth
Basic Policy toward Mid-Term Business Growth Aim to achieve higher growth and higher profitability Information & Automotive Environment & Medical & Communication Related Energy Health Care Expand sales in core markets Exploit collective capability Utilize external of Kyocera Group management resourc
Slide 24: Sales Forecast by Reporting Segment for the Year Ending March 31, 2016
Appendix Sales Forecast by Reporting Segment for the Year Ending March 31, 2016 (Unit: Yen in millions) Year ended March 31, Year ending March 31, 2016 (Forecast) Change in amount 2015 compared with Previous (April 2015) Revised (October 2015) Year ended Previous Amount % of net sales Amount % of ne
Slide 25: Operating Profit Forecast by Reporting Segment for the Year Ending March 31, 2016
Appendix Operating Profit Forecast by Reporting Segment for the Year Ending March 31, 2016 (Unit: Yen in millions) Year ended March 31, Year ending March 31, 2016 (Forecast) Change in amount 2015 Previous (April 2015) Revised (October 2015) compared with Year ended Previous Amount % to net sales Amo
Slide 26: 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.