Kyocera released their latest consolidated earnings. Here are the highlights:
The Good:
- Sales Revenue: Increased by 4.1% to 498,868 million yen compared to Q1 2023.
- Solutions Business: Profits grew by 27.4%.
- Financial Position: Total equity increased by 9,402 million yen.
The Bad:
- Operating Profit: Decreased by 18.4% to 20,956 million yen, impacted by increased labor and depreciation costs.
- Electronic Components Business: Profit dropped significantly by 74.0%.
- Cash Flows: Net cash from operating activities decreased by 15,166 million yen.
Overall, while Kyocera showed growth in revenue, the increase in fixed costs and challenges in some segments impacted overall profitability. This earnings announcement was a considerable improvement over the previous.
Click here to review the full earnings.
SOURCE Industry Analysts Inc.
