|Consolidated Financial Highlights: First Half|
|Unit: Millions (except percentages and per-share amounts)|
|Six Months Ended September 30,|
|2016(FY17-H1)in JPY||2017(FY18-H1)in JPY||Increase||2017(FY18-H1)in USD||2017(FY18-H1)in EUR|
|Profit from operations:||33,785||69,505||35,720||105.7||615||523|
|Income before income taxes:||48,578||87,840||39,262||80.8||777||660|
|Net income attributable toKyocera Corporation'sshareholders:||36,153||61,387||25,234||69.8||543||462|
|Diluted earnings per shareattributable to KyoceraCorporation's shareholders:||98.47||166.94||-||-||1.48||1.26|
|Note on exchange rates: U.S. dollar (USD) and euro (EUR) conversions are provided above as a convenience to the reader, based on the rates of USD1 = JPY113 and EUR1 = JPY133, rounded to the nearest unit (as of September 29, 2017)|
Average exchange rates for the first half reflect the Japanese yen weakening against the U.S. dollar by approximately 5.7%, to JPY111, and by 6.8% against the euro, to JPY126, as compared with the same period of the prior year. As a result, net sales and income before income taxes were pushed up by approximately JPY24 billion and JPY7 billion, respectively, as compared with the prior first half.
|Consolidated Financial Highlights: Second Quarter|
|Unit: Millions (except percentages)|
|Three Months Ended September 30, 2017|
|2016(FY17-Q2)in JPY||2017(FY18-Q2)in JPY||Increase||2017(FY18-Q2)in USD||2017(FY18-Q2)in EUR|
|Profit from operations:||21,515||38,338||16,823||78.2||339||288|
|Income before income taxes:||23,780||38,580||14,800||62.2||341||290|
|Net income attributable toKyocera Corporation'sshareholders:||18,700||26,406||7,706||41.2||234||199|
|(See note above regarding exchange rates.)|
- First-half sales and profit grew beyond original projections due primarily to a favorable business environment in major components markets.
- Overall demand for parts used in industrial machinery and automotive-related components is expected to rise in the second half.
- The Japanese yen is expected to remain valued lower than originally forecast in relation to other major currencies during the second half.
The average exchange rates that Kyocera projected in its May 1 forecast have been revised for the second half, from JPY108 to JPY110 against the U.S. dollar; and from JPY115 to JPY130 against the euro. As a result, Kyocera's forecast of average exchange rates for the year ending March 31, 2018 have been revised to JPY111 to the U.S. dollar, and JPY128 to the euro.
|Consolidated Forecast: Year Ending March 31, 2018|
|Unit: Yen in millions (except percentages, per-share amounts and exchange rates)|
|Fiscal 2017Results||Fiscal 2018ForecastAnnounced onMay 1||Fiscal 2018ForecastAnnounced onOctober 30||Increase(%) toFiscal 2017Results|
|Profit from operations:||104,542||120,000||135,000||29.1|
|Income before income taxes:||137,849||150,000||170,000||23.3|
|Net income attributable toKyocera Corporation'sshareholders:||103,843||105,000||119,000||14.6|
|Diluted earnings per shareattributable to KyoceraCorporation's shareholders:||282.62||285.77||323.62||*||-|
|Average USD exchange rate:||108||108||111||-|
|Average EUR exchange rate:||119||115||128||-|
|*Forecast of "Diluted earnings per share attributable to Kyocera Corporation's shareholders" is based on the diluted average number of shares outstanding during the six months ended September 30, 2017.|