FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October 2010
Commission File Number: 1-07952
KYOCERA CORPORATION
6 Takeda Tobadono-cho, Fushimi-ku,
Kyoto 612-8501, Japan
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Registration S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Registration S-T Rule 101(b)(7):
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
| KYOCERA CORPORATION | ||
| /s/ Shoichi Aoki | ||
| Shoichi Aoki | ||
| Director, | ||
| Managing Executive Officer and General Manager of | ||
| Corporate Financial & Business Systems Administration Group | ||
Date: October 28, 2010
Information furnished on this form:
EXHIBITS
| Exhibit Number | ||
| 1. |
Revision of Financial Forecast for the Fiscal Year Ending March 31, 2011 | |
| 2. |
Accounting for Additional Loss Associated with Corporate Reorganization Procedures of WILLCOM, Inc. | |
To All Persons Concerned
| Name of Company Listed: | Kyocera Corporation | |
| Name of Representative: | Tetsuo Kuba, President and Director | |
| (Code number: 6971, The First Section of the Tokyo Stock Exchange, The First Section of the Osaka Securities Exchange) | ||
| Person for inquiry: | Shoichi Aoki Director, Managing Executive Officer and General Manager of Corporate Financial & Business Systems Administration Group (Tel: +81-75-604-3500) | |
Revision of Financial Forecast
for the Fiscal Year Ending March 31, 2011
This is to advise you that the financial forecast for the fiscal year ending March 31, 2011 (“fiscal 2011”), which was published on April 27, 2010, is revised as set forth below, taking into consideration the recent performance of the Company:
1. Revision of consolidated financial forecast for fiscal 2011
(April 1, 2010 to March 31, 2011)
(Yen in millions, except per share amounts)
| Net sales | Profit from operations |
Income before income taxes |
Net income attributable to shareholders of Kyocera Corporation |
Earnings per share attributable to shareholders of Kyocera Corporation |
||||||||||||||||
| Forecast previously published (A) |
1,200,000 | 122,000 | 132,000 | 85,000 | 463.16 | |||||||||||||||
| Revision made (B) |
1,260,000 | 147,000 | 160,000 | 105,000 | 572.15 | |||||||||||||||
| Amount of increase or decrease (B - A) |
60,000 | 25,000 | 28,000 | 20,000 | — | |||||||||||||||
| Ratio of increase or decrease (%) |
5.0 | 20.5 | 21.2 | 23.5 | — | |||||||||||||||
| (c.f.) Results for previous fiscal year |
1,073,805 | 63,860 | 60,798 | 40,095 | 218.47 | |||||||||||||||
1
Note:
Forecasts of earnings per share attributable to shareholders of Kyocera Corporation were changed from ¥463.15 as announced on April 27, 2010 to ¥463.16 on July 29, 2010 based on the diluted average number of shares outstanding during the three months ended June 30, 2010.
2. Reason for Revision
During the first half of fiscal 2011, the Component Business and the Equipment Business recorded sales and profit beyond expectations at the beginning of fiscal 2011. With respect to the second half of fiscal 2011 (October 1, 2010 to March 31, 2011), Kyocera expects a continuing yen’s appreciation coupled with certain unstable aspects of economic trends worldwide. However, consolidated sales and profit for fiscal 2011 will exceed the forecasts previously announced, mainly due to an increase in demand for digital consumer equipment and industrial machinery, etc, and an increase in sales in the Telecommunications Equipment Group.
2
To All Persons Concerned
| Name of Company Listed: | Kyocera Corporation | |
| Name of Representative: | Tetsuo Kuba, President and Director | |
| (Code number: 6971, The First Section of the Tokyo Stock Exchange, The First Section of the Osaka Securities Exchange) | ||
| Person for inquiry: | Shoichi Aoki Director, Managing Executive Officer and General Manager of Corporate Financial & Business Systems Administration Group (Tel: +81-75-604-3500) | |
Accounting for Additional Loss Associated with
Corporate Reorganization Procedures of WILLCOM, Inc.
Reference is made to the announcement entitled “Accounting for Loss Associated with Corporate Reorganization Procedures of WILLCOM, Inc.” dated April 27, 2010, in which Kyocera Corporation (the “Company”) informed you of the amount of losses relating to the credits to WILLCOM, Inc. (“WILLCOM”). The Company hereby gives notice that it has identified additional losses as a result of a re-examination based on the reorganization plans submitted by WILLCOM to the Tokyo District Court on October 14, 2010 as set forth below.
| 1. | Outline of Losses |
Loss from bad debts, etc.: 708 million yen
| 2. | Impact on Performance |
The above has been reflected in the consolidated results of the Company for the second quarter (the three months from July 1, 2010 to September 30, 2010) of the fiscal period ending March 31, 2011, announced as of the date hereof.
| 3. | Forecasts |
The above amount reflects the Company’s current estimate of losses and remains subject to further modification pursuant to reorganization plans for WILLCOM to be decided in the future.
1
(Reference: The release dated April 27, 2010)
April 27, 2010
To All Persons Concerned
| Name of Company Listed: | Kyocera Corporation | |
| Name of Representative: | Tetsuo Kuba, President and Director | |
| (Code number: 6971, The First Section of the Tokyo Stock Exchange, The First Section of the Osaka Securities Exchange) | ||
| Person for inquiry: | Shoichi Aoki Director, Managing Executive Officer and General Manager of Corporate Financial & Accounting Group (Tel: +81-75-604-3500) | |
Accounting for Loss Associated with Corporate Reorganization Procedures of WILLCOM, Inc.
Reference is made to the announcement entitled “Possible Inability to Collect or Delay in Collection of Accounts Receivable from WILLCOM, Inc.” dated February 18, 2010. Kyocera Corporation (the “Company”) hereby gives notice that the amount of loss relating thereto has now been estimated as set forth below.
| 1. | Outline of Losses |
Loss from bad debts, etc.: 8,961 million yen
| 2. | Impact on Performance |
The above has been reflected in the consolidated results of the Company for the fiscal period ended March 31, 2010.
| 3. | Forecasts |
The above amount reflects the Company’s current estimate of losses and remains subject to further modification pursuant to reorganization plans for WILLCOM, Inc. to be decided in the future.
2