Tags: Kyocera | rebound | recession | KYO

Kyocera Bounces Back from Recession

By    |   Monday, 24 Oct 2011 11:53 AM

Japanese tech company Kyocera (KYO) is in the recovery process from a serious downturn in sales and profits due to the global recession. After a very nice bounce back in the previous fiscal year, current growth projections are starting to flatten out. Longer term, the company develops products for several potential high-growth tech sectors.

Kyocera manufactures components and equipment focused on ceramics and semiconductors. The company divides its business into the manufacture of components which are sold to be included in other manufacturers finished products and its own finished products in the telecommunications, business equipment and solar power sectors. Kyocera generates 44 percent of its revenues in Japan, 17 percent in the United States, 17 percent in Europe and 17 percent in the rest of Asia.

For the fiscal 2012 first quarter which ended on June 30, Kyocera reported net income of $1.65 per share, down from $1.77 in the same quarter of fiscal 2011. These results are based on the average dollar-yen exchange rate for the respective time periods. A strengthening of the yen against the dollar improved the recent first quarter results compared to the yen-based results.

Strong recovery

In its 2011 fiscal year Kyocera reversed a two-year revenue decline, with sales improving 18 percent over fiscal 2010. The revenue increase led to a 200 percent increase in net income per share from 2010 to 2011. In dollar terms — using averaged exchange rates — the company earned $7.76 in FY 2011, up from $2.35 the previous year.

Only one U.S. stock analyst follows and publishes estimates for Kyocera. For 2012, the estimated earnings per share are $7.02 and that analyst estimated the company will earn $8.81 next year.

Kyocera pays dividends semi-annually and the current annual dividend rate is $1.62 per year at 80 yen per dollar. The company trades as an ADR on the NYSE. Each ADR share represents one share of the company.

The company next reports on Oct. 27.

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Japanese tech company Kyocera (KYO) is in the recovery process from a serious downturn in sales and profits due to the global recession. After a very nice bounce back in the previous fiscal year, current growth projections are starting to flatten out. Longer term, the...
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2011-53-24
Monday, 24 Oct 2011 11:53 AM
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