Kyocera Corp. reported consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company's net sales were ¥361,385 million compared with ¥370,453 million a year ago. Profit from operations was ¥33,317 million compared with ¥4,071 million a year ago. Income before income taxes was ¥50,128 million compared with ¥19,390 million a year ago. Net income attributable to shareholders of the company was ¥34,699 million compared with ¥8,712 million a year ago.

For the nine months, the company's net sales were ¥1,014,628 million compared with ¥1,093,030 million a year ago. Profit from operations was ¥67,102 million compared with ¥66,020 million a year ago. Income before income taxes was ¥98,706 million compared with ¥97,390 million a year ago. Net income attributable to shareholders of the company was ¥70,852 million or ¥192.88 per basic and diluted share compared with ¥59,504 million or ¥162.20 per basic and diluted share a year ago. Net cash provided by operating activities for the nine months decreased by ¥20,480 million to ¥95,214 million from ¥115,694 million for the previous nine months. This was due mainly to that cash flow adjustments related to receivables and inventories exceeded an increase in net income. Capital expenditures were ¥49,638 million against ¥50,891 million a year ago.

Based on the current business environment, the forecast of consolidated performance for the year ending March 31, 2017 ("fiscal 2017") has been revised. Sales in the solar energy business and the Electronic Device Group are expected to be lower than previous forecast due respectively to changes in the business environment in the North American market and slow demand in the Japanese market, and to an inventory adjustment in respect of print heads for industrial equipment, among others. Delays from the original plan in the launch of new products also affected performance of the Information Equipment Group. Due to such changes in business situation, consolidated net sales forecast for fiscal 2017 are expected to be lower than previous forecast. Therefore, profit from operation has also been revised along with sales forecast revision. The company revised consolidated earnings guidance for the year ending March 31, 2017. For the period, the company now expects net sales of ¥1,410,000 million, profit from operations of ¥95,000 million, income before income taxes of ¥130,000 million and net income attributable to shareholders of the company of ¥90,000 million or ¥245.01 per share, capital expenditures of ¥70,000 million, depreciation of ¥67,000 million compared to previously forecasted net sales of ¥1,520,000 million, profit from operations of ¥110,000 million, income before income taxes of ¥130,000 million, net income attributable to shareholders of the company of ¥85,000 million or ¥231.52 per share, capital expenditures of ¥87,000 million and depreciation of ¥78,000 million.