Kyocera reported a modest rise in quarterly profit despite a drop in revenue, as cost-cutting and asset sales helped offset weaker demand and the impact of a stronger yen.
Net profit attributable to shareholders rose 0.9% to ¥37.1 billion ($239 million/ €219 million) in the three months to June, aided by lower tax expenses following the partial sale of its KDDI stake, a major telecoms holding.
However, sales fell 4.2% year-on-year to ¥478 billion ($3.1 billion/ €2.8 billion), with the Electronic Components and Solutions businesses hit by sluggish global demand and the yen’s appreciation, which dented overseas earnings. Operating profit dropped 11.5% to ¥18.6 billion ($120 million/ €110 million).
The company incurred a ¥2.1 billion one-time charge linked to the transfer of its silicon diode power semiconductor business, contributing to the decline in profits. Despite these headwinds, strong cost discipline and structural reforms helped limit the impact.
Kyocera’s Printing Devices Business offered a rare bright spot, with sales rising and partially offsetting declines in industrial tools and document solutions. The unit sits within the broader Solutions segment, which reported a 6 per cent fall in revenue.
Looking ahead, Kyocera maintained its full-year guidance, forecasting a 192.6% increase in net profit to ¥70.5 billion ($454 million/ €415 million) on expectations of improved margins and stable AI-related demand.
