Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its consolidated financial results for the fiscal year ended March 31, 2012, as summarized below. Complete details are available at: http://global.kyocera.com/ir/financial/f_results.html
|Financial Results: Years Ended March 31|
|Unit: Millions (except percentages and per-share amounts)|
|Years Ended March 31|
|2011(FY11)in JPY||2012(FY12)in JPY||Increase(Decrease)||2012(FY12)in USD||2012(FY12)in EUR|
|Profit from operations||155,924||105,575||(50,349)||(32.3)||1,288||960|
|Income before income taxes||172,332||122,793||(49,539)||(28.7)||1,497||1,116|
|Net income attributable toshareholders of KyoceraCorporation||122,448||82,901||(39,547)||(32.3)||1,011||754|
|Diluted earnings per shareattributable to shareholdersof Kyocera Corporation||667.23||451.90||-||-||5.51||4.11|
|Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR) conversions are provided based on the rates of USD1 = JPY82 and EUR1 = JPY110, rounded to the nearest unit.|
Summary of Consolidated Financial ResultsWhile sales and operating profit increased in some reporting segments during the year ended March 31, 2012 ("the period"), these gains were not sufficient to offset the negative impact of other factors influencing Kyocera's consolidated results — including the yen's continued appreciation against the euro and U.S. dollar; weak demand for components used in consumer electronic equipment; and a decline in sales of mobile phones. Consequently, Kyocera's overall results declined during the period in comparison with the year ended March 31, 2011 ("the prior period").
Specifically, consolidated net sales for the period decreased 6.0% compared to the prior period, to JPY1,190,870 (USD14,523) million; profit from operations decreased 32.3%, to JPY105,575 (USD1,288) million; income before income taxes decreased 28.7%, to JPY122,793 (USD1,497) million; and net income attributable to shareholders of Kyocera Corporation decreased 32.3%, to JPY82,901 (USD1,011) million.
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