KYOCERA Announces Consolidated Financial Results for Nine Months Ended December 31, 2011

KYOTO, Japan--(BUSINESS WIRE)--Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today issued its third quarterly announcement of consolidated financial results for the fiscal year ending March 31, 2012. The results, summarized below, represent the nine months ended December 31, 2011. Complete details are available at: http://global.kyocera.com/ir/financial/f_results.html

Financial Results: Nine Months Ended December 31
Unit: Millions (except percentages and per-share amounts)
	Nine Months Ended December 31
	2010 (FY11) in JPY	2011 (FY12) in JPY	Increase (Decrease)		2011 (FY12) in USD	2011 (FY12) in EUR
			Amount in JPY	%
Net sales	956,914	885,389	(71,525)	(7.5)	11,351	8,766
Profit from operations	119,769	88,373	(31,396)	(26.2)	1,133	875
Income before income taxes	133,136	102,604	(30,532)	(22.9)	1,315	1,016
Net income attributable to shareholders of Kyocera Corporation	93,717	72,110	(21,607)	(23.1)	924	714
Diluted earnings per share attributable to shareholders of Kyocera Corporation	510.67	393.07	-	-	5.04	3.89
Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR) conversions are provided based on the rates of USD1 = JPY78 and EUR1 = JPY101, rounded to the nearest unit.

Summary of Consolidated Financial Results
While sales and operating profit increased in some reporting segments during the nine months ended December 31, 2011 ("the period"), these gains were not sufficient to offset the negative impact of other factors influencing Kyocera's consolidated results — including the yen's continued appreciation against the euro and U.S. dollar; a decline in sales of mobile phones; and weak demand for components used in consumer electronic equipment. Consequently, Kyocera's overall results declined during the period in comparison with the nine months ended December 31, 2010 ("the prior period").

Specifically, consolidated net sales for the period decreased 7.5% compared to the prior period, to JPY885,389 (USD11,351) million; profit from operations decreased 26.2%, to JPY88,373 (USD1,133) million; income before income taxes decreased 22.9%, to JPY102,604 (USD1,315) million; and net income attributable to shareholders of Kyocera Corporation decreased 23.1%, to JPY72,110 (USD924) million.

Financial Results: Three Months Ended December 31
Unit: Millions (except percentages)
	Three Months Ended December 31
	2010 (FY11-Q3) in JPY	2011 (FY12-Q3) in JPY	Increase (Decrease)		2011 (FY12-Q3) in USD	2011 (FY12-Q3) in EUR
			Amount in JPY	%
Net sales	319,522	281,121	(38,401)	(12.0)	3,604	2,783
Profit from operations	38,011	20,610	(17,401)	(45.8)	264	204
Income before income taxes	43,643	27,039	(16,604)	(38.0)	347	268
Net income attributable to shareholders of Kyocera Corporation	31,757	25,342	(6,415)	(20.2)	325	251
Note: As a convenience to the reader, U.S. dollar (USD) and euro (EUR) conversions are provided based on the rates of USD1 = JPY78 and EUR1 = JPY101, rounded to the nearest unit.

Consolidated Forecasts for the Year Ending March 31, 2012
Consolidated financial results for the third quarter (October 1 to December 31, 2011) fell short of the forecasts made in October 2011. Additionally, the outlook for the fourth quarter (January 1 to March 31, 2012) includes concern over persistent appreciation of the yen, the global impact of financial conditions in Europe, and remaining potential for business interruption resulting from recent flooding in Thailand. As a result, Kyocera anticipates that its principal markets may not experience a recovery in demand and production until the following period. The business environment is therefore expected to remain difficult throughout the fourth quarter.

Based on the company's results during the first nine months and outlook for the fourth quarter, the following revisions are now being made to the consolidated financial forecasts announced in October 2011 for the year ending March 31, 2012 ("fiscal 2012").

Consolidated Forecasts: Year Ending March 31, 2012
	Unit: Yen in millions (except percentages and exchange rates)
		Fiscal 2012 Forecasts Announced on		Increase (Decrease) (%) to Fiscal 2011 Results
	Fiscal 2011 Results	October 27, 2011	January 30, 2012
Net sales	1,266,924	1,230,000	1,180,000	(6.9)
Profit from operations	155,924	125,000	100,000	(35.9)
Income before income taxes	172,332	140,000	113,000	(34.4)
Net income attributable to shareholders of Kyocera Corporation	122,448	87,000	78,000	(36.3)
Average USD exchange rate	86	78	78	-
Average EUR exchange rate	113	109	107	-

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 printers, copiers, solar power generating systems, telecommunications equipment, electronic components, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2011, the company's net sales totaled 1.27 trillion yen (approx. USD15.3 billion). The company is ranked #604 on Forbes magazine's 2011 "Global 2000" listing of the world's largest publicly traded companies.