October 29, 2010 Kyocera Corporation Financial Presentation (Six Months ended September 30, 2010) Tetsuo Kuba President and Representative Director
Today’s Presentation １． Financial Results of H1 FY3/2011 １． Financial Results of H1 FY3/2011 １． Financial Results of H1 FY3/2011 ２． Financial Results of Q2 FY3/2011 ２． Financial Results of Q2 FY3/2011 ２． Financial Results of Q2 FY3/2011 ３． Financial Forecast for FY3/2011 ３． Financial Forecast for FY3/2011 ３． Financial Forecast for FY3/2011 ＊ Printed by Kyocera Mita’s ECOSYS printer
１． Financial Results of H1 FY3/2011 １． Financial Results of H1 FY3/2011 １． Financial Results of H1 FY3/2011
Financial Results of H1 FY3/2011 － Comparison with H1 FY3/2010 － (Unit: Yen in billions) Six months ended September 30, Change 2009 2010 % of % of Amount Amount Amount % net sales net sales 483.9 100.0 637.4 100.0 153.5 31.7 Net sales 8.9 1.8 81.8 12.8 72.9 823.0 Profit from operations 17.1 3.5 89.5 14.0 72.4 421.9 Pre-tax income Net income attributable to shareholders 8.7 1.8 62.0 9.7 53.3 609.9 of Kyocera Corporation EPS attributable to shareholders － － － 47.56 337.62 290.06 of Kyocera Corporation (diluted-yen) 13.6 2.8 32.7 5.1 19.1 141.0 Capital expenditures 29.8 6.2 26.8 4.2 -3.0 -10.2 Depreciation 26.0 5.4 23.5 3.7 -2.5 -9.8 R&D expenses US$ ： ¥ 95 € ： ¥ 133 US$ ： ¥ 89 € : ¥ 114 Average exchange rate (yen) Foreign currency Approx. ¥ -45.0 billion Approx. ¥ -32.0 billion net sales fluctuation effect on: (compared with the pre-tax Approx. ¥ -14.0 billion Approx. ¥ -13.5 billion previous same period) income 1
Sales by Reporting Segment － Six months ended September 30, 2010 － (Unit: Yen in billions) Six months ended September 30, Change � Reporting Segment 2009 2010 Amount % of total Amount % of total Amount % � Fine Ceramic Parts Group 21.5 4.4 36.7 5.8 15.2 70.4 62.2 12.9 88.1 13.8 25.9 41.6 � Semiconductor Parts Group 66.9 13.8 95.6 15.0 28.7 43.0 � Applied Ceramic Products Group 94.5 19.5 123.6 19.4 29.1 30.8 � Electronic Device Group 245.1 50.6 344.0 54.0 98.9 40.4 Components Business: Total 79.7 16.5 122.3 19.2 42.6 53.3 � Telecommunications Equipment Group 111.2 23.0 117.0 18.3 5.8 5.3 � Information Equipment Group 190.9 39.5 239.3 37.5 48.4 25.3 Equipment Business: Total � Others 57.8 11.9 68.1 10.7 10.3 17.7 － -9.9 -2.0 -13.9 -2.2 -4.0 Adjustments and eliminations 483.9 100.0 637.4 100.0 153.5 31.7 Net sales 2
Operating Profit by Reporting Segment － Six months ended September 30, 2010 － (Unit: Yen in billions) Six months ended September 30, Change 2009 2010 � Reporting Segment % to net % to net Amount Amount Amount % sales sales -3.6 － 5.3 14.5 8.9 － � Fine Ceramic Parts Group 4.5 7.2 18.5 20.9 14.0 312.8 � Semiconductor Parts Group 4.4 6.5 15.7 16.4 11.3 259.6 � Applied Ceramic Products Group 0.3 0.3 22.2 18.0 21.9 － � Electronic Device Group － 5.6 2.3 61.7 17.9 56.1 Components Business: Total -7.5 － 1.9 1.6 9.4 － � Telecommunications Equipment Group � Information Equipment Group 8.4 7.5 14.4 12.3 6.0 72.3 0.9 0.4 16.3 6.8 15.4 － Equipment Business:Total 1.8 3.1 4.6 6.8 2.8 157.7 � Others 8.2 1.7 82.6 13.0 74.4 903.7 Operating Profit 7.3 － 7.4 － 0.1 1.1 Corporate Equity in earnings of affiliates and unconsolidated － － 1.5 0.2 -1.3 -85.2 subsidiaries 0.1 － -0.8 － -0.9 － Adjustments and eliminations 17.1 3.5 89.5 14.0 72.4 421.9 Pre-tax income 3 Operating profit represents profit from operating activities.
Summary of H1 FY3/2011 Results － Comparison with H1 FY3/2010 － Achieved increases in sales and profit in all reporting segments despite impact of yen appreciation 1. Components Business: Expanded sales and profit due to favorable business environment and enhanced production capacity Sales: + ¥98.9 billion (+40.4%) Operating profit:+ ¥56.1 billion (Approx. 11x) � Increased component demand for digital consumer equipment, industrial machinery and automotive markets � Increased demand for solar energy systems, spurred by subsidies policies worldwide � Established a system for higher production to meet strong demand � Improved operating profit ratio substantially to 17.9% 2. Equipment Business: Significantly improved sales and profit in the Telecommunications Equipment Group Sales: + ¥48.4 billion (+25.3%) Operating profit: + ¥15.4 billion (Approx. 19x) � Substantially increased sales in the Telecommunications Equipment Group by augmenting mobile phone handset line-up � Restored profitability by improved profitability in overseas mobile phone handset business Improved operating profit by ¥9.4 billion compared with H1 FY3/2010 4
Six-Month Business Trends Both pre-tax income and income ratio improved beyond H1 FY3/2009 Sales Pre-tax income (Unit:Yen in billions) (Unit: Yen in billions) 800 150 Pre-tax income Pre-tax income ratio(%) Sales 658.7 637.4 589.9 100 483.9 469.9 89.5 400 74.0 50 14.0% 43.7 11.2% 17.1 7.4% -18.0 3.5% 0 0 H1 H1 H2 H1 H2 -3.8% FY3/2011 FY3/2009 FY3/2010 5
２． Financial Results of Q2 FY3/2011 ２． Financial Results of Q2 FY3/2011 ２． Financial Results of Q2 FY3/2011
Financial Results of Q2 FY3/2011 － Comparison with Q1 FY3/2011 － (Unit: Yen in billions) Three months ended Change June 30, 2010 September 30, 2010 % of % of Amount Amount Amount % net sales net sales 313.2 100.0 324.2 100.0 11.0 3.5 Net sales 40.6 13.0 41.2 12.7 0.6 1.4 Profit from operations 46.3 14.8 43.2 13.3 -3.1 -6.8 Pre-tax income Net income attributable to shareholders 29.9 9.5 32.1 9.9 2.2 7.3 of Kyocera Corporation EPS attributable to shareholders of － － － 162.89 174.74 11.85 Kyocera Corporation (diluted-yen) 12.0 3.8 20.7 6.4 8.7 72.5 Capital expenditures 12.7 4.1 14.1 4.3 1.4 10.9 Depreciation 11.4 3.6 12.1 3.7 0.7 6.1 R&D expenses US$ ： ¥ 92 € ： ¥ 117 US$ ： ¥ 86 € : ¥ 111 Average exchange rate (yen) Foreign currency Approx. ¥ -11.0 billion net sales fluctuation effect on: (compared with Q1 pre-tax Approx. ¥ -3.5 billion FY3/2011) income 6
Sales by Reporting Segment － Three months ended September 30, 2010 － (Unit: Yen in billions) Three months ended Change � Reporting Segment June 30, 2010 September 30, 2010 Amount % of total Amount % of total Amount % � Fine Ceramic Parts Group 17.2 5.5 19.4 6.0 2.2 12.8 42.8 13.7 45.3 14.0 2.5 5.9 � Semiconductor Parts Group 44.8 14.3 50.8 15.7 6.0 13.2 � Applied Ceramic Products Group 59.5 19.0 64.0 19.7 4.5 7.5 � Electronic Device Group 164.4 52.5 179.5 55.4 15.1 9.2 Components Business: Total 64.8 20.7 57.5 17.7 -7.3 -11.2 � Telecommunications Equipment Group 58.5 18.7 58.5 18.1 0 0.1 � Information Equipment Group 123.2 39.4 116.1 35.8 -7.1 -5.8 Equipment Business: Total � Others 32.6 10.4 35.4 10.9 2.8 8.6 － -7.1 -2.3 -6.8 -2.1 0.3 Adjustments and eliminations 313.2 100.0 324.2 100.0 11.0 3.5 Net sales 7
Operating Profit by Reporting Segment － Three months ended September 30, 2010 － (Unit: Yen in billions) Three months ended Change June 30, 2010 September 30, 2010 � Reporting Segment % to net % to net Amount Amount Amount % sales sales � Fine Ceramic Parts Group 2.3 13.5 3.0 15.4 0.7 28.9 9.0 21.0 9.5 20.9 0.5 5.4 � Semiconductor Parts Group 7.4 16.6 8.3 16.3 0.9 11.1 � Applied Ceramic Products Group 9.5 15.9 12.8 19.9 3.3 34.7 � Electronic Device Group 28.2 17.2 33.5 18.7 5.3 18.7 Components Business: Total 5.1 7.9 -3.2 － -8.3 － � Telecommunications Equipment Group 5.5 9.4 8.9 15.2 3.4 61.8 � Information Equipment Group 10.6 8.6 5.7 4.9 -4.9 -46.6 Equipment Business: Total 1.9 5.7 2.8 7.8 0.9 47.4 � Others 40.7 13.0 42.0 12.9 1.3 2.9 Operating Profit － － 5.9 1.5 -4.4 -73.9 Corporate Equity in earnings of affiliates and unconsolidated 0.2 － 0 － -0.2 -90.6 subsidiaries － － － -0.5 -0.3 0.2 Adjustments and eliminations 46.3 14.8 43.2 13.3 -3.1 -6.8 Pre-tax income 8
Summary of Q2 FY3/2011 Results － Comparison with Q1 FY3/2011 － 1. Increased sales and profit in Components Business: Continued high demand � Increased component sales for digital consumer equipment, industrial machinery and automotive markets � Increased sales in solar energy business in Japan and overseas � Achieved over 15% operating profit ratio in every reporting segment in Components Business, due to increased sales and enhanced productivity 2. Decreased sales and profit in the Telecommunications Equipment Group � Cyclical off timing of new handset introductions worldwide � Impact of yen appreciation � Recorded additional loss from bad debts of approx. ¥0.7 billion relating to account receivables from WILLCOM, Inc. 9
３． Financial Forecast for FY3/2011 ３． Financial Forecast for FY3/2011 ３． Financial Forecast for FY3/2011
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