Kyocera Reports Decline for Nine Months

Kyocera Reports Decline for Nine Months

The OEM claims that sales revenue and profit decreased in both the components business and the equipment & systems business during the nine months ended December 31, 2020, compared with the same period in the previous year.

Kyocera pointed out that the equipment & systems business sales decreased mainly due to a decline in demand for equipment, such as printers and MFPs, and consumables. During the nine months, sales revenue for the segment decreased 8.1% year-over-year to JPY 1,1000,534 million (US$104.86 billion)

Some other highlights include:

• Operating profit decreased 54.7% year-over-year to JPY 42,983 million (US$409.755 million)
• Profit before income taxes decreased 38.4% to JPY 87,216 million (US$831.428 million)
• Profit attributable to owners of the parent decreased 36.9% year-over-year to JPY 63,931 million (US$609.447 million)

Looking at segment, sales revenue for the document solution group for the nine months decreased 15.5% year-over-year to JPY 226,081 million (US$2.155 billion). Due to the covid-19 impact, business profit decreased 33.3% year-over-year to JPY 18,351 million (US$174.929 million).

The balance of cash and cash equivalents at December 31, 2020 decreased by JPY 54,354 million (US$518.125 million) to JPY 365,266 million (US$3.48 billion).

As for the outlook for the fiscal year ending March 31, 2021, Kyocera claims that has not been changed from the forecast announced in April 2020.

Related:

• Ups and Downs for Kyocera – Revenue and Profits for 2019

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