FX.co ★ Kyocera FY Profit Declines

Kyocera Corporation (KYO) declared a 21.0% decline in the profit attributable to shareholders, amounting to 101.07 billion yen for the fiscal year ending March 31, 2024. This decrease is reflected in earnings per share, which dropped to 71.58 yen from the previous year's 89.15 yen. Sales revenue also experienced a slight decline, decreasing by 1.0% to reach 2 trillion yen.

Looking forward, Kyocera forecasts improved financial performance for the fiscal year ending March 31, 2025. The company estimates its profit attributable to shareholders to reach 112.0 billion yen, with a basic earnings per share of 79.31 yen. Furthermore, the corporation expects its sales revenue to increase to 2.05 trillion yen.