Kyocera (6971) Q3 2026 earnings summary

Executive summary

• Sales revenue for the nine months ended Dec. 31, 2025, increased 2.0% year-over-year to ¥1,521,996 million, driven by strong semiconductor demand, growth in the Core Components Business, and moderate recovery in smartphones, despite a stronger yen.

• Operating profit surged 475.3% year-over-year to ¥70,621 million, reflecting higher sales, structural reforms, and the absence of significant one-time costs or impairment losses incurred in the prior year.

• Profit attributable to owners of the parent rose 434.3% year-over-year to ¥97,951 million, aided by lower one-time costs, tax adjustments, and increased tax credits.

• Cost reduction efforts and structural reforms contributed to significant profit growth.

Financial highlights

• Sales revenue: ¥1,521,996 million (+2.0% year-over-year).

• Operating profit: ¥70,621 million (+475.3% year-over-year).

• Gross profit increased 7.0% to ¥448,594 million, with gross margin at 29.5%.

• EPS: 86.47 yen (9M average); basic EPS jumped to ¥70.58 from ¥13.01.

• Cash and cash equivalents at period end were ¥421,510 million, down ¥23,234 million from March 31, 2025.

Outlook and guidance

• Fiscal 2026 full-year sales revenue forecast revised upward to ¥2,020,000 million (+0.3% year-over-year).

• Operating profit forecast at ¥100,000 million (+266.3%); profit before income taxes at ¥150,000 million.

• Profit attributable to owners of the parent forecast at ¥120,000 million (+398.0%), with EPS projected at ¥86.47.

• Forecasts reflect continued strong semiconductor demand and a one-time profit from a U.S. subsidiary share transfer.