$KYOCF

KYOCERA CORP

CIK:0000057083|SEC Filings

Consolidated Statements of Income - JPY (¥) shares in Thousands, ¥ in Millions	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Net sales (Note 7)	¥ 1,577,039	¥ 1,422,754	¥ 1,479,627
Cost of sales (Note 5)	1,200,911	1,049,472	1,093,467
Gross profit	376,128	373,282	386,160
Selling, general and administrative expenses (Notes 2, 4, 13 and 16)	280,553	268,740	279,361
Loss on impairment of goodwill (Notes 4 and 9)	0	0	14,143
Profit from operations	95,575	104,542	92,656
Other income (expenses):
Interest and dividend income (Note 3)	40,498	32,364	28,609
Interest expense	(1,395)	(901)	(1,814)
Foreign currency transaction gains (losses), net (Note 12)	(827)	1,278	3,820
Gains on sales of securities, net (Note 3)	1,629	193	20,600
Other, net	(3,614)	373	1,712
Total other income (expense)	36,291	33,307	52,927
Income before income taxes	131,866	137,849	145,583
Income taxes (Note 15):
Current	57,794	36,831	49,187
Deferred	(10,913)	(8,389)	(17,795)
Income taxes	46,881	28,442	31,392
Net income	84,985	109,407	114,191
Net income attributable to noncontrolling interests	(3,196)	(5,564)	(5,144)
Net income attributable to Kyocera Corporation's shareholders	¥ 81,789	¥ 103,843	¥ 109,047
Net income attributable to Kyocera Corporation's shareholders :
Basic	¥ 222.43	¥ 282.62	¥ 297.24
Diluted	222.43	282.62	297.24
Cash dividends declared per share:
Per share of common stock	¥ 120.00	¥ 110.00	¥ 100.00
Average number of shares of common stock outstanding:
Basic	367,709	367,428	366,859
Diluted	367,709	367,428	366,859

Consolidated Statements of Cash Flows - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	¥ 84,985	¥ 109,407	¥ 114,191
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	82,804	77,445	76,647
Provision for doubtful accounts and loss on bad debts	356	566	761
Write-down of inventories	28,721	9,215	12,238
Deferred income taxes (Note 15)	(10,913)	(8,389)	(17,795)
Gains on sales of securities, net (Note 3)	(1,639)	(193)	(20,600)
Gains on sales of property, plant and equipment, net	164	(1,142)	(12,039)
Loss on impairment of goodwill (Notes 4 and 9)	0	0	14,143
Foreign currency adjustments	7,380	4,160	2,955
Change in assets and liabilities:
(Increase) decrease in receivables	(29,547)	(30,035)	15,611
(Increase) decrease in inventories	(49,132)	(16,349)	6,310
(Increase) decrease in other current assets	(4,419)	9,023	87
Increase in notes and accounts payable	9,854	3,524	2,400
Increase (decrease) in accrued income taxes	10,991	(7,370)	5,807
Increase (decrease) in other current liabilities	12,971	17,560	(3,478)
Increase (decrease) in other non-current liabilities	10,139	(5,045)	(4,722)
Other, net	6,238	1,854	1,524
Net cash provided by operating activities	158,953	164,231	194,040
Cash flows from investing activities:
Payments for purchases of available-for-sale securities	(3,712)	(2)	(42)
Payments for purchases of held-to-maturity securities	(30,135)	(146,832)	(121,924)
Payments for purchases of other securities	(6,911)	(2,646)	(5,546)
Proceeds from sales of available-for-sale securities	2,438	237	39,057
Proceeds from maturities of held-to-maturity securities	102,679	132,501	94,608
Acquisitions of businesses, net of cash acquired (Notes 2 and 19)	(75,322)	(19,673)	(22,676)
Payments for purchases of property, plant and equipment	(84,195)	(66,901)	(66,102)
Payments for purchases of intangible assets	(7,194)	(5,810)	(10,703)
Proceeds from sales of property, plant and equipment	1,886	3,416	16,989
Acquisition of time deposits and certificate of deposits	(420,556)	(454,998)	(313,911)
Withdrawal of time deposits and certificate of deposits	466,962	449,747	281,614
Other, net	932	(1,128)	1,827
Net cash used in investing activities	(53,128)	(112,089)	(106,809)
Cash flows from financing activities:
Decrease in short-term borrowings, net	(3,240)	(4,729)	(2,881)
Proceeds from issuance of long-term debt	13,203	9,778	10,996
Payments of long-term debt	(12,771)	(11,177)	(12,830)
Dividends paid	(47,936)	(39,982)	(43,874)
Purchases of noncontrolling interests	(454)	(1,942)	(1,780)
Other, net	(422)	80	(239)
Net cash used in financing activities	(51,620)	(47,972)	(50,608)
Effect of exchange rate changes on cash and cash equivalents	(5,462)	(1,995)	(13,966)
Net increase in cash and cash equivalents	48,743	2,175	22,657
Cash and cash equivalents at beginning of year	376,195	374,020	351,363
Cash and cash equivalents at end of year	¥ 424,938	¥ 376,195	¥ 374,020

Consolidated Balance Sheets - JPY (¥) ¥ in Millions	Mar. 31, 2018	Mar. 31, 2017
Current assets:
Cash and cash equivalents	¥ 424,938	¥ 376,195
Short-term investments in debt securities (Notes 3 and 4)	38,023	84,703
Other short-term investments (Note 3)	158,779	212,668
Trade receivables
Notes (Note 7)	26,072	28,370
Accounts (Note 7)	331,570	291,485
Less allowances for doubtful accounts and sales returns (Note 6)	(5,490)	(5,593)
Trade Accounts And Notes Receivable, Net, Current, Total	352,152	314,262
Inventories (Note 5)	364,875	331,155
Other current assets (Notes 6, 8, 12 and 13)	137,849	119,714
Total current assets	1,476,616	1,438,697
Investments and advances:
Long-term investments in debt and equity securities (Notes 3 and 4)	1,050,537	1,130,756
Other long-term investments (Notes 3, 4, 6 and 7)	25,858	22,246
Total investments and advances	1,076,395	1,153,002
Property, plant and equipment (Notes 4 and 10):
Land	62,141	59,963
Buildings	363,714	351,431
Machinery and equipment	880,918	841,973
Construction in progress	23,996	14,097
Less accumulated depreciation	(1,029,845)	(1,000,860)
Total property, plant and equipment	300,924	266,604
Goodwill (Notes 2, 4 and 9)	144,268	110,470
Intangible assets (Notes 2, 4 and 9)	80,186	61,235
Other assets (Notes 6, 8, 11 and 15)	78,688	80,462
Total assets	3,157,077	3,110,470
Current liabilities:
Short-term borrowings (Note 10)	145	191
Current portion of long-term debt (Notes 4 and 10)	9,293	8,235
Trade notes and accounts payable	149,734	129,460
Other notes and accounts payable (Note 13)	66,970	60,881
Accrued payroll and bonus	68,664	62,868
Accrued income taxes	19,436	15,707
Other accrued liabilities	50,727	51,062
Other current liabilities (Notes 5 and 12)	55,017	36,257
Total current liabilities	419,986	364,661
Non-current liabilities:
Long-term debt (Notes 4, 8 and 10)	20,237	16,409
Accrued pension and severance liabilities (Note 11)	28,723	31,720
Deferred income taxes (Note 15)	223,530	258,859
Other non-current liabilities (Notes 5 and 15)	40,095	19,912
Total non-current liabilities	312,585	326,900
Total liabilities	732,571	691,561
Commitments and contingencies (Note 13)
Kyocera Corporation's shareholders' equity:
Common stock: Authorized 600,000 shares Issued 377,619 shares at March 31, 2017 and Issued 377,619 shares at March 31, 2018	115,703	115,703
Additional paid-in capital	165,125	165,230
Retained earnings	1,675,780	1,638,116
Accumulated other comprehensive income	411,980	447,479
Common stock in treasury stock, at cost: 9,906 shares at March 31, 2017 and 9,911 shares at March 31, 2018	(32,342)	(32,309)
Total Kyocera Corporation's shareholders' equity	2,336,246	2,334,219
Noncontrolling interests	88,260	84,690
Total equity (Note 14)	2,424,506	2,418,909
Total liabilities and equity	¥ 3,157,077	¥ 3,110,470