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

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

KYOTO, Japan--(BUSINESS WIRE)-- Kyocera Corporation ("Kyocera") (NYS: 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

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 charge¹ 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 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.

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 (NYS: 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.

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

KEYWORDS: United States Asia Pacific North America New York Japan

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