KYOCERA Announces Consolidated Financial Results for Nine Months Ended December 31, 2012

  KYOCERA Announces Consolidated Financial Results for Nine Months Ended
  December 31, 2012

Business Wire

KYOTO, Japan -- January 31, 2013

Kyocera Corporation ("Kyocera") (NYSE:KYO) (TOKYO:6971) today issued its third
quarterly announcement of consolidated financial results for the fiscal year
ending March 31, 2013. The results, summarized below, represent the nine
months ended December 31, 2012 ("the period"). Complete details are available
at: http://global.kyocera.com/ir/financial/f_results.html


Consolidated Financial Highlights: Nine Months Ended December 31
Unit: Millions (except percentages and per-share amounts)
                Nine Months Ended December 31
                 2011       2012       Increase             2012    2012
                (FY12)      (FY13)      (Decrease)            (FY13)   (FY13)
                 in JPY      in JPY      Amount      %        in USD   in EUR
                                         in JPY
Net sales:       885,389     926,524     41,135       4.6      10,650   8,057
Profit from      88,373      51,234      (37,139)     (42.0)   589      446
operations:
Income before    102,604     68,882      (33,722)     (32.9)   792      599
income taxes:
Net income
attributable
to               72,110      44,970      (27,140)     (37.6)   517      391
shareholders
of Kyocera
Corporation:
Diluted
earnings per
share
attributable    393.07     245.15     -           -       2.82    2.13
to
shareholders
of Kyocera
Corporation:
Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR)
conversions are provided at the
rates of USD1 = JPY87 and EUR1 = JPY115, rounded to the nearest unit.


Summary
Despite continued harsh conditions in the overall business environment,
Kyocera recorded increased sales in its semiconductor components and applied
ceramic products segments during the period, as compared with the nine months
ended December 31, 2011 ("the previous period"). In addition, new wholly-owned
subsidiaries acquired during the fourth quarter of the year ended March 31,
2012 contributed to Kyocera's net sales throughout the period. However, profit
decreased as compared with the previous period, due primarily to a JPY21,300 ^
(USD266) million charge^1 recorded at AVX Corporation, a U.S.-based
subsidiary, for environmental remediation in New Bedford Harbor, Massachusetts
(U.S.A.), coupled with price erosion in the electronic components market and
the impact of currency fluctuations.

As a result, compared with the previous period, consolidated net sales
increased by 4.6%, to JPY926,524 (USD10,650) million; while profit from
operations decreased by 42.0%, to JPY51,234 (USD589) million; income before
income taxes decreased 32.9%, to JPY68,882 (USD792) million; and net income
attributable to shareholders of Kyocera Corporation decreased by 37.6%, to
JPY44,970 (USD517) million.


Consolidated Financial Highlights: Third Quarter Comparison
Unit: Millions (except percentages)
              Three Months Ended December 31
               2011       2012       Increase          2012       2012
              (FY12-Q3)   (FY13-Q3)   (Decrease)         (FY13-Q3)   (FY13-Q3)
               in JPY      in JPY      Amount   %        in USD      in EUR
                                       in JPY
Net sales:     281,121     318,093     36,972    13.2     3,656       2,766
Profit from    20,610      25,343      4,733     23.0     291         220
operations:
Income
before         27,039      33,150      6,111     22.6     381         288
income
taxes:
Net income
attributable
to            25,342     19,599     (5,743)  (22.7)  225        170
shareholders
of Kyocera
Corporation:
Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR)
conversions are provided at the
rates of USD1 = JPY87 and EUR1 = JPY115, rounded to the nearest unit.


Consolidated Financial Forecasts: Year Ending March 31, 2013
During the three months ended December 31, 2012 (the "third quarter," or
"Q3"), demand for component products fell short of projections in consumer
equipment and industrial machinery markets. In the three months ending March
31, 2013 (the "fourth quarter," or "Q4"), it is expected that, while sales in
the company's solar energy business in Japan will grow significantly, general
demand for components used in digital consumer electronics will be lower than
expected at the time of the company's October 2012 forecast.

Based on these expectations, Kyocera has revised its forecasts of consolidated
financial results and average exchange rates for the year ending March 31,
2013 from the projections announced in October 2012, as shown below.

                      
                       Unit: Yen in millions (except percentages and exchange
                        rates)
                                       Fiscal 2013 Forecasts       Increase
                                      Announced on               (Decrease)
                                                                   (%) to
                        Fiscal 2012    October 31,  January 31,   Fiscal 2012
                        Results        2012          2013          Results
Net sales:              1,190,870      1,320,000    1,280,000     7.5
Profit from             97,675         100,000       73,000        (25.3   )
operations:
Income before income    114,893        115,000       91,500        (20.4   )
taxes:
Net income
attributable to
shareholders            79,357         75,000        57,000        (28.2   )
of Kyocera
Corporation:
Average USD exchange    79             79            82            -
rate:
Average EUR exchange    109            101          106           -       
rate:
                                                                           

^1 The charge was converted into yen using the P&L rate of USD1 = JPY80, the
average exchange rate in FY13-Q1, rounded to the nearest unit, according to
the actual amount recorded in Kyocera's FY13-Q1 consolidated results.

FORWARD-LOOKING STATEMENTS
Except for historical information contained herein, the matters set forth in
this press release are forward-looking statements that involve risks and
uncertainties including, but not limited to, product demand, competition,
regulatory approvals, the effect of economic conditions and technological
difficulties, and other risks detailed in the Company's filings with the U.S.
Securities and Exchange Commission.

About KYOCERA

Kyocera Corporation(NYSE:KYO)(TOKYO:6971) (http://global.kyocera.com/), the
parent and global headquarters of the Kyocera Group, was founded in 1959 as a
producer of fine ceramics (also known as "advanced ceramics"). By combining
these engineered materials with metals and plastics, and integrating them with
other technologies, Kyocera has become a leading supplier of solar power
generating systems, telecommunications equipment, printers, copiers,
electronic components, semiconductor packages, cutting tools and industrial
ceramics. During the year ended March 31, 2012, the company's net sales
totaled 1.19 trillion yen (approx. USD14.5 billion). The company is ranked
#426 on Forbes magazine's 2012 "Global 2000" listing of the world's largest
publicly traded companies.

Contact:

KYOCERA Corporation (Japan)
Judah Reynolds, +81-(0)75-604-3416
Corporate Communications
webmaster.pressgl@kyocera.jp
Fax: +81-(0)75-604-3516
 
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