Earnings quality
Compare earnings and operating cash flow for earnings quality.
Kyocera Corporation
Ticker 6971 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-19 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 5.7%; equity ratio is 71.9%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin5.7%
Equity ratio71.9%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
京セラ株式会社 is a Japanese listed company. Its reportable segments include Operating Segments Not Included In, Total Of, Core Components Business, Electronic Components Business.
- Operating Segments Not Included In
- Total Of
- Core Components Business
- Electronic Components Business
- Solutions Business
- Disclosure Of Changes In
Segments Operating Segments Not Included In · Total Of · Core Components Business · Electronic Components Business · Solutions Business · Disclosure Of Changes In
Compare trends
No phone/email found in this filing · Filing date 2026-06-19
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥2.0T | ¥2.1T |
| Cost of sales* | ¥1.5T | ¥1.5T |
| Gross profit | ¥559.2B | ¥607.6B |
| Operating profit (loss) | ¥27.3B | ¥118.1B |
| Finance income | ¥60.8B | ¥61.5B |
| Finance costs | ¥27.7B | ¥13.9B |
| Income tax expense | ¥36.2B | ¥24.1B |
| Profit (loss) | ¥27.5B | ¥144.9B |
| Profit (loss) attributable to owners | ¥24.1B | ¥141.0B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥444.7B | ¥455.9B |
| Current assets | ¥1.4T | ¥1.5T |
| Non-current assets | ¥3.1T | ¥3.1T |
| Total assets | ¥4.5T | ¥4.6T |
| Short-term borrowings | ¥44.4B | ¥56.1B |
| Current liabilities | ¥491.7B | ¥525.0B |
| Non-current liabilities* | ¥776.4B | ¥753.9B |
| Total liabilities | ¥1.3T | ¥1.3T |
| Equity attributable to owners | ¥3.2T | ¥3.3T |
| Total equity | ¥3.2T | ¥3.4T |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥237.9B | ¥226.2B |
| Cash flows from investing activities | -¥150.5B | ¥74.5B |
| Cash flows from financing activities | -¥64.9B | -¥312.0B |
| Net increase (decrease) in cash | ¥20.0B | ¥11.1B |
| Cash at end of period | ¥444.7B | ¥455.9B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥1.8T | ¥2.0T | ¥2.0T | ¥2.0T | ¥2.1T | |
| Operating profit | — | — | — | ¥27.3B | ¥118.1B | |
| Profit to owners | ¥148.4B | ¥128.0B | ¥101.1B | ¥24.1B | ¥141.0B | |
| Total assets | ¥3.9T | ¥4.1T | ¥4.5T | ¥4.5T | ¥4.6T | |
| Cash & equivalents | ¥414.1B | ¥373.5B | ¥424.8B | ¥444.7B | ¥455.9B | |
| Owners’ equity | ¥2.9T | ¥3.0T | ¥3.2T | ¥3.2T | ¥3.3T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥2.0T to ¥2.1T (▲ +2.8%), so the top line did not break. Gross profit only slipped from ¥559.2B to ¥607.6B, while operating profit swung from ¥27.3B to ¥118.1B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥226.2B (prior ¥237.9B), and cash on the balance sheet rose to ¥455.9B from ¥444.7B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
Goodwill on the balance sheet fell from ¥282.2B to ¥274.0B, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥1.3T while owners’ equity fell to ¥3.3T. ROE moved from 0.7% to 4.3%, and the equity ratio from 71.3% to 71.9%. Employee count is 73,856 vs 77,136 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YF47
(京セラ株式会社), period end 2026-03-31.