Kyocera said a decline in demand and increased costs saw sales revenue for the first quarter decrease by 2.5% to 479,420 million yen, which “more than off-set a positive impact from the weaker yen.” Operating profit was down 38%.
Kyocera this year launched its FOREARTH inkjet textile printer
“During the three months ended June 30, 2023 (“the first quarter”), in addition to continuing uncertainty in the global situation, inflation progressed worldwide, resulting in unstable financial and foreign exchange markets,” Kyocera said in its latest financial statement.
“Demand adjustments have continued in the semiconductor-related and information and communications markets, which are our principal markets.
“As a result, due mainly to the decrease in demand for our principal products, sales revenue for the first quarter decreased by 12,534 million yen, or 2.5%, to 479,420 million yen, as compared with the three months ended June 30, 2022 (“the previous first quarter”), which more than off-set a positive impact from the weaker yen in pushing up sales revenue.
“Profit decreased as compared with the previous first quarter, due mainly to factors such as increases in the prices of raw materials and energy costs, etc., caused by inflation, as well as the decrease in sales revenue.
“Operating profit decreased by 15,751 million yen, or 38.0%, to 25,677 million yen, profit before income taxes decreased by 18,234 million yen, or 26.5%, to 50,477 million yen, and profit attributable to owners of the parent decreased by 12,582 million yen, or 25.2%, to 37,392 million yen.”
