By Andy Slawetsky – The latest Kyocera earnings report is out and it shows a contraction in the U.S. market, with sales revenue slipping from ¥114.730 billion in Q3 of FY Mar. 2023 to ¥109.894 billion in the same quarter of the following year, marking a 4.2% decrease. A comparison between Q3 and Q2 of FY Mar. 2024 reveals a steeper decline of 5.6%, translating to a ¥6.470 billion reduction from the United States Unit.
Despite these U.S. headwinds, overall, Kyocera’s Document Solutions Unit (copiers, printers, and related office technology) shows resilience with a projected growth of 5.1% by the end of their fiscal year on March 31, 2024. This is a nice uptick from a 2.3% increase from Q3 2022 compared to Q3 2023.
The main source of financial strain doesn’t stem from document solutions, but rather, from the Semiconductor Unit, which witnessed a 14.8% downturn in the same period. This division’s performance is particularly impactful because of its major role in Kyocera’s overall portfolio.
While Kyocera’s struggles in the U.S. may offer a competitive edge to some of our readers, we also understand the global picture is larger and more complex. We continue to root for success across all markets, acknowledging that a healthy industry is beneficial for all players within it.
SOURCE Industry Analysts Inc.
