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Kyocera fiscal Q4 profit falls YOY

Kyocera Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥36.31 per share, a decline of 32.6% from ¥53.90 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.32 billion, a decline of 32.6% from ¥19.77 billion in the prior-year period.

The normalized profit margin fell to 3.1% from 5.3% in the year-earlier period.

Total revenue grew 13.0% on an annual basis to ¥424.84 billion from ¥375.98 billion, and total operating expenses climbed 16.7% from the prior-year period to ¥399.90 billion from ¥342.74 billion.

Reported net income rose 116.1% on an annual basis to ¥41.90 billion, or ¥114.22 per share, from ¥19.39 billion, or ¥52.86 per share.

For the year, the company's normalized net income totaled ¥218.13 per share, compared to EPS of ¥231.43 in the prior year.

Normalized net income was ¥80.02 billion, a decrease from ¥84.91 billion in the prior year.

Full-year total revenue increased year over year to ¥1.527 trillion from ¥1.447 trillion, and total operating expenses rose on an annual basis to ¥1.411 trillion from ¥1.324 trillion.

The company said reported net income increased on an annual basis to ¥115.87 billion, or ¥315.85 per share, in the full year, from ¥88.76 billion, or ¥241.93 per share.

As of June 30, US$1 was equivalent to ¥122.43.