KYOTO, Japan--(BUSINESS WIRE)--Kyocera Corporation (TOKYO:6971) today announced its consolidated financial results for the three months ended June 30, 2019 (“the first quarter” or “FY20-Q1”), as summarized below. Complete details are available at:
https://global.kyocera.com/ir/library/f_results.html
Consolidated Results of Operations: Three Months Ended June 30
| Unit: Millions (except percentages and per-share amounts) | ||||||
| Three Months Ended June 30, | ||||||
| 2018 (FY19-Q1) in JPY | 2019 (FY20-Q1) in JPY | Change | 2019 (FY20-Q1) in USD | 2019 (FY20-Q1) in EUR | ||
| Amount in JPY | % | |||||
| Sales revenue: | 387,484 | 384,937 | (2,547) | (0.7) | 3,564 | 3,155 |
| Operating profit: | 37,104 | 22,629 | (14,475) | (39.0) | 210 | 185 |
| Profit before income taxes: | 55,488 | 45,486 | (10,002) | (18.0) | 421 | 373 |
| Profit attributable to owners of the parent: | 42,284 | 32,037 | (10,247) | (24.2) | 297 | 263 |
| Earnings per share attributable to owners of the parent (basic): | 116.29 | 88.56 | － | － | 0.82 | 0.73 |
| 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 = JPY108 and EUR1 = JPY122, rounded to the nearest unit (as of June 28, 2019) | ||||||
Summary
Sales revenue during the first quarter decreased 0.7% over the prior first quarter, to JPY384,937 (USD3,564) million. Higher sales of mobile phones in the Japanese market contributed to increased sales revenue in the Equipment & Systems Business. However, this was offset by decreased sales in the Components Business, stemming from sluggish growth in global smartphone and semiconductor-related markets, combined with uncertainty surrounding trade relations between the United States and China.
Despite profit growth in the Equipment & Systems Business, led by increased sales and profitability in the Communications Group, the company recorded decreased profit as compared to ....read the rest here