Kyocera (6971) Q1 2026 earnings summary

Executive summary

• Sales revenue for Q1 FY2026 declined 4.2% year-over-year to ¥478.0 billion, mainly due to yen appreciation and weaker demand in key markets.

• Operating profit fell 11.5% year-over-year to ¥18.6 billion, impacted by one-time costs from the transfer of the silicon diode power semiconductor business.

• Profit attributable to owners rose 0.9% year-over-year to ¥37.1 billion, aided by tax adjustment from KDDI share sales.

• Comprehensive income surged to ¥106.8 billion from ¥45.9 billion year-over-year, driven by gains on financial assets.

Financial highlights

• Sales revenue: ¥478.0 billion (down 4.2% year-over-year).

• Operating profit: ¥18.6 billion (down 11.5% year-over-year).

• EPS: ¥26.37 for Q1; full-year forecast at ¥50.04.

• Capital expenditures increased to ¥59.0 billion, mainly for new factories in Japan.

• Gross margin improved to 29.4% from 29.1% year-over-year.

Outlook and guidance

• FY2026 sales revenue forecast at ¥1,900.0 billion, down 5.7% from prior year.

• Operating profit expected to rise 101.5% to ¥55.0 billion, with profit attributable to owners projected at ¥70.5 billion, up 192.6% year-over-year.

• EPS forecast for FY2026 is ¥50.04.

• Annual dividend forecast maintained at ¥50 per share.