For the nine months ended 31 December 2022, Kyocera posted record sales revenue of ¥1,526 billion ($A17bn) up 12.6% year-on-year. Profit was down 3.9% year-on-year, partly because of increases in costs for raw materials and logistics.
Kyocera's TASKalfa 1500C inkjet production printer
“This nine-month period was characterized by slowing economic growth rates amid an uncertain global situation, continuing inflation, rising global interest rates and a sharp depreciation in the Japanese yen,” Kyocera reported.
“Concerning the company’s major revenue sources, the period brought continued robust demand in semiconductor-related markets; however, smartphone-related markets exhibited a slowing trend.
“Due to the impact of the company’s investments in expanding component production for semiconductor-related markets, as well as the impact of the weaker yen, the period sales revenue increased by 12.6% over the prior-year period, to JPY1,526,497 million, marking a record high.
“On the other hand, despite the impacts of this sales revenue increase and the weaker yen, profit decreased as compared with the previous nine months, due to factors such as increases in costs for raw materials and logistics, etc., as well as a sharp decrease in sales revenue in the Communications Unit and a slowdown in demand for smartphone components during the three months ended December 31, 2022 (“the third quarter”).
"In addition, two one-time costs totaling approximately 10 billion yen were recorded during the nine months, namely, the litigation cost in the amount of approximately 7 billion yen recorded during the three months ended September 30, 2022 and the additional cost in connection with pension obligations in the amount of approximately 3 billion yen recorded during the third quarter.
“As a result, operating profit decreased by 4,574 million yen, or 3.9%, to 113,884 million yen, profit before income taxes decreased by 347 million yen, or 0.2%, to 162,756 million yen, and profit attributable to owners of the parent decreased by 1,050 million yen, or 0.9%, to 118,783 million yen, as compared with the previous nine months.”
Kyocera is a world-leading supplier of ceramic 1200dpi printheads used in many leading printers, such as Screen's L350UV label presses.
Industry veteran David Procter recently joined Kyocera Document Solutions AU & NZ as Regional General Manager & National Print Production Manager, following his departure from Konica Minolta in October 2022.
https://www.kyoceradocumentsolutions.com.au/
