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Kyocera fiscal Q1 profit falls YOY

Kyocera Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥48.24 per share, a decline of 13.7% from ¥55.90 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.70 billion, a decline of 13.7% from ¥20.51 billion in the year-earlier period.

The normalized profit margin fell to 5.3% from 6.2% in the year-earlier period.

Total revenue totaled ¥334.71 billion, compared with ¥331.65 billion in the prior-year period, and total operating expenses rose on an annual basis to ¥315.93 billion from ¥306.26 billion.

Reported net income declined 14.1% year over year to ¥19.47 billion, or ¥53.06 per share, from ¥22.65 billion, or ¥61.74 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.