Kyocera Reports

Kyocera Reports Decline for Nine Months

Kyocera Reports Decline for Nine Months

Kyocera Reports Decline for Nine MonthsThe 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.



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