Presentation Materials for the First Half of the Fiscal Year Ending March 2027 | KYOCERA CORPORATION (6971) timely disclosure

Worth reading

60In focus

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Improvement

Direction inferred from the company’s description.

Scale

400

¥100 million (increase from the previous full-year revenue forecast)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFirst half of the fiscal year ending March 202712 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥1,078,337 million+8.8%

Operating profit¥65,609 million+56.4%

Net income¥73,430 million +32.2%interim profit attributable to owners of the parent

Operating profit margin6.1 %+1.9%

Results for the three months of the current quarterSecond quarter of the fiscal year ending March 2027: revenue of ¥552,954 million and profit before tax of ¥18,129 million. Second-quarter revenue and profit by segment are also provided.

Full-year earnings forecast

Net Sales

¥2,120,000 million

Operating profit

¥160,000 million

Pretax profit

¥200,000 million

Profit for the period attributable to owners of the parent

¥160,000 million

EPS

¥123.62

ROE

4.9 %

Capital expenditures

¥225,000 million

Depreciation of property, plant and equipment

¥120,000 million

Research and development expenses

¥120,000 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Impact of the elimination of losses associated with the transfer of the silicon diode and power semiconductor businessApproximately +¥2.1 billion
Proceeds from the sale of real estate and other itemsApproximately +¥3.0 billion
Impairment loss on the GaN device businessApproximately -¥29.5 billion
Provision related to energy-related productsApproximately -¥7.6 billion
Year-on-year impact of total one-time gains and lossesApproximately -¥32.0 billion (operating profit and profit before tax)
Impact of the weaker yenRevenue: approximately +¥63.0 billion; profit before tax: approximately +¥12.0 billion

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Average exchange rate (U.S. dollar)¥155
Average exchange rate (euro)¥180
Demand for AI- and semiconductor-related componentsSolid demand is expected to continue from the third quarter onward

New initiatives

Investment of approximately ¥68.0 billion in the Nagasaki Isahaya Plant through the fiscal year ending March 2028, with full-scale production scheduled to begin in spring 2027
Construction of new domestic refining facilities for the recycling of tungsten carbide resources. Operations are scheduled to begin in the fiscal year ending March 2031.
Share repurchase of ¥250.0 billion approved in April 2026
Adoption of DOE as the dividend metric and implementation of progressive dividends from the fiscal year ending March 2027
Town hall meetings held by the CEO and CFO

Key KPIsA metric the company considers important as a management benchmark.

Orders received¥589,501 million
Year on year against the same period last yearYear-on-year comparison not specified in the materials
Core Components order intake¥202,190 million
Year on year against the same period last yearYear-on-year comparison not specified in the materials
Electronic Components order intake¥135,524 million
Year on year against the same period last yearYear-on-year comparison not specified in the materials
Solutions order intake¥255,391 million
Year on year against the same period last yearYear-on-year comparison not specified in the materials

Segment results

Core Components

Net Sales

¥368,173 million

Year-on-Year Change in Revenue (%)19.7

Profit

¥50,473 million

Profit year-on-year change_pct68.1

Electronic components

Net Sales

¥215,282 million

Year-on-Year Change in Revenue (%)23.2

Profit

¥19,598 million

Year-on-year change in profitNo percentage shown because the comparison base was small

Solutions

Net Sales

¥503,784 million

Year-on-Year Change in Revenue (%)-2.9

Profit

¥56,999 million

Profit year-on-year change_pct50.9

Other Businesses

Net Sales

¥7,575 million

Year-on-Year Change in Revenue (%)14.4

Profit

¥-43,589 million

Year-on-year change in profitNo percentage shown because the comparison base was loss-making

Financial targets

Full-year ROE forecast: 4.9%. Target values for ROE and other metrics: Not disclosed.

Orders received and order backlog

Orders received

¥589,501 million first half of the fiscal year ending March 2027

Number of stores and locations

15 operating sites: 11 with section manager positions and 4 with junior and mid-career employees. Number of stores: Not disclosed.

Number of employees

Total employees: Not disclosed. Town hall meeting participants: 833 section managers and 162 junior and mid-career employees, for a total of 995.

Capital expenditures

81,897 Million yen first-half actual

Annual Dividend

¥56 per share

Interim Dividend

¥28 per share

Year-end dividend forecast

¥28 per share

Acquisition of treasury shares

Buyback limit

¥2,500 100 million

PeriodApproved in April 2026. As of the end of September 2026, approximately 49 million shares had been acquired for approximately ¥178.0 billion.

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First half of the fiscal year ending March 2027
Net Sales	¥1,078,337 million (YoY +8.8%)
Operating profit	¥65,609 million (YoY +56.4%)
Net income	¥73,430 million (interim profit attributable to owners of the parent) (YoY +32.2%)
Operating profit margin	6.1 % (YoY +1.9%)
Results for the three months of the current quarter	Second quarter of the fiscal year ending March 2027: revenue of ¥552,954 million and profit before tax of ¥18,129 million. Second-quarter revenue and profit by segment are also provided.
Full-year earnings forecast	Net Sales ¥2,120,000 million / Operating profit ¥160,000 million / Pretax profit ¥200,000 million / Profit for the period attributable to owners of the parent ¥160,000 million / EPS ¥123.62 / ROE 4.9 % / Capital expenditures ¥225,000 million / Depreciation of property, plant and equipment ¥120,000 million / Research and development expenses ¥120,000 million
Segment results	Core Components Net Sales ¥368,173 million / Year-on-Year Change in Revenue (%) 19.7 / Profit ¥50,473 million / Profit year-on-year change_pct 68.1 / Electronic components Net Sales ¥215,282 million / Year-on-Year Change in Revenue (%) 23.2 / Profit ¥19,598 million / Year-on-year change in profit No percentage shown because the comparison base was small / Solutions Net Sales ¥503,784 million / Year-on-Year Change in Revenue (%) -2.9 / Profit ¥56,999 million / Profit year-on-year change_pct 50.9 / Other Businesses Net Sales ¥7,575 million / Year-on-Year Change in Revenue (%) 14.4 / Profit ¥-43,589 million / Year-on-year change in profit No percentage shown because the comparison base was loss-making
Breakdown of Factors Affecting the Change	Factors Impact of the elimination of losses associated with the transfer of the silicon diode and power semiconductor business / Amount Approximately +¥2.1 billion, Factors Proceeds from the sale of real estate and other items / Amount Approximately +¥3.0 billion, Factors Impairment loss on the GaN device business / Amount Approximately -¥29.5 billion, Factors Provision related to energy-related products / Amount Approximately -¥7.6 billion, Factors Year-on-year impact of total one-time gains and losses / Amount Approximately -¥32.0 billion (operating profit and profit before tax), Factors Impact of the weaker yen / Amount Revenue: approximately +¥63.0 billion; profit before tax: approximately +¥12.0 billion
Key KPIs	Indicator name Orders received / Value ¥589,501 million / Year on year against the same period last year Year-on-year comparison not specified in the materials, Indicator name Core Components order intake / Value ¥202,190 million / Year on year against the same period last year Year-on-year comparison not specified in the materials, Indicator name Electronic Components order intake / Value ¥135,524 million / Year on year against the same period last year Year-on-year comparison not specified in the materials, Indicator name Solutions order intake / Value ¥255,391 million / Year on year against the same period last year Year-on-year comparison not specified in the materials
Number of stores and locations	15 operating sites: 11 with section manager positions and 4 with junior and mid-career employees. Number of stores: Not disclosed.
Number of employees	Total employees: Not disclosed. Town hall meeting participants: 833 section managers and 162 junior and mid-career employees, for a total of 995.
Assumptions Underlying the Business Outlook	Item Average exchange rate (U.S. dollar) / Value ¥155, Item Average exchange rate (euro) / Value ¥180, Item Demand for AI- and semiconductor-related components / Value Solid demand is expected to continue from the third quarter onward
Financial targets	Full-year ROE forecast: 4.9%. Target values for ROE and other metrics: Not disclosed.
Annual Dividend	Annual Dividend ¥56 per share / Interim Dividend ¥28 per share / Year-end dividend forecast ¥28 per share
Acquisition of treasury shares	Buyback limit ¥2,500 100 million / Period Approved in April 2026. As of the end of September 2026, approximately 49 million shares had been acquired for approximately ¥178.0 billion.
Capital expenditures	81,897 Million yen (first-half actual)
Orders received and order backlog	Orders received ¥589,501 million (first half of the fiscal year ending March 2027) / Order backlog Not disclosed
New initiatives	Investment of approximately ¥68.0 billion in the Nagasaki Isahaya Plant through the fiscal year ending March 2028, with full-scale production scheduled to begin in spring 2027, Construction of new domestic refining facilities for the recycling of tungsten carbide resources. Operations are scheduled to begin in the fiscal year ending March 2031., Share repurchase of ¥250.0 billion approved in April 2026, Adoption of DOE as the dividend metric and implementation of progressive dividends from the fiscal year ending March 2027, Town hall meetings held by the CEO and CFO

Items this document does not state (11)

Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The first-half results exceeded expectations due to growing demand for components for the AI and semiconductor-related markets, and the revenue forecast was revised upward because solid demand is expected to continue from the third quarter onward. For profit, the company expects earnings growth in each business and gains on the transfer of the Chemicals Business to offset the impact of one-time losses in the first half.

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