Kyocera's interim settlement 42% decrease in profit Demand for automobile parts etc. decreased in Corona October 29, 18:12
Kyocera announced its interim results up to last month, and the impact of the new coronavirus reduced demand for auto parts and office equipment, resulting in a 42% decline in final profit.
It is the first time in eight years that the final profit for the interim period has decreased by more than 40%.
President Hideo Tanimoto attended Kyocera's press conference on the web on the 29th, and announced the interim financial results from April to last month.
According to this, sales decreased by 12.9% to 696 billion yen and final profit decreased by 42.4% to 34.3 billion yen compared to the same period of the previous year.
It is the first time in eight years since 2012 that the final profit in the interim period has decreased by more than 40%.
This was due to the worldwide spread of the new coronavirus, which led to sluggish automobile production, worsening sales of in-vehicle cameras and LCD displays, and advanced teleworking, which led to printers and copiers used in offices. The main reason for this is the decrease in demand for.
On the other hand, the company has left its annual earnings forecast unchanged, expecting the global economy to recover in the future.
"I'm worried that the infection is spreading again in Europe, but I think demand for automobiles and office equipment will return by 90% by the end of the second half of the year," said Tanimoto.