Kyocera Full Year 2024 Earnings: EPS Misses Expectations

Kyocera (TSE:6971) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥2.00t (down 1.0% from FY 2023).
• Net income: JP¥101.1b (down 21% from FY 2023).
• Profit margin: 5.0% (down from 6.3% in FY 2023).
• EPS: JP¥71.58 (down from JP¥89.15 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kyocera EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%.

The primary driver behind last 12 months revenue was the Solutions Business - Document Solutions Unit segment contributing a total revenue of JP¥452.2b (23% of total revenue). Notably, cost of sales worth JP¥1.45t amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥362.7b (79% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of JP¥8.15b. Explore how 6971's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan.

Performance of the Japanese Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Kyocera.

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