Kyocera (6971) Q1 2027 earnings summary

Executive summary

• Achieved record-high sales and profits for fiscal 2027 1Q, with significant YoY growth across key metrics, driven by robust AI and semiconductor-related demand and yen depreciation.

• Operating profit surged 164.7% YoY to ¥49.1 billion; profit attributable to owners increased 63.1% YoY to ¥60.6 billion.

• Gains from the sale of KDDI shares and improved profitability in core and electronic components segments contributed to strong results.

Financial highlights

• Sales revenue for 1Q fiscal 2027 rose 9.9% YoY to ¥525.4 billion.

• Operating profit surged 164.7% YoY to ¥49.1 billion; profit before income taxes up 68.1% to ¥74.9 billion.

• Profit attributable to owners of the parent increased 63.1% YoY to ¥60.6 billion.

• Gross profit margin improved to 31.7% from 29.4% YoY.

• Earnings per share (basic) increased to ¥46.20 from ¥26.37 YoY.

Outlook and guidance

• Fiscal 2027 sales revenue forecast revised upward to ¥2,080 billion; profit before income taxes to ¥200 billion.

• Profit attributable to owners of the parent forecast at ¥160 billion, EPS at ¥180.

• Upward revision reflects accelerated AI-related demand and yen depreciation.

• Dividend forecast raised to ¥56 per share for FY2027.

• ROE forecast raised to 4.9%, aiming for 5% or higher one year ahead of plan.