KYOCERA CORPORATION KYOAY

Information TechnologyElectronic Equipment & PartsJapan

Last close 22.70 USD on Nov 1, 2026, +53.6% year to date

Quant rating

Quant rating D Rank 151 of 200 in Information Technology

Growth D 144 of 200
Valuation B 67 of 200
Quality D 150 of 200
Revisions D 165 of 200
Momentum B 64 of 200

Wall Street consensus Average target 14.19 USD −37.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 30.9B
Enterprise value: 30.4B
52-week range: 12.70 – 25.45
3-year range: 9.39 – 25.45
Dividend yield: 1.52%
Beta (5 years): 0.63
Shares outstanding: 1,419M
Next earnings: –

About the company

Kyocera Corp is mainly engaged in the provision of products in the semiconductor, information and telecommunications, industrial machinery, automotive, and environment and energy-related markets. It operates through three segments. The Core Components segment provides various fine ceramic components such as components for semiconductor manufacturing equipment, automotive camera modules, and ceramic/organic packages that protect electronic components and integrated circuits. The Electronic Components segment provides various electronic components and devices such as capacitors, crystal components, connectors, and power semiconductors. The Solutions segment provides cutting tools, pneumatic and electric tools, office printers and Multifunction Peripherals, document management systems, commercial and industrial printers, and telecommunication terminals and telecommunication solution services for corporate customers. The Company also offers smart energy-related products and services.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	13,190	13,434	13,246	15,252	15,115	–
Revenue growth	−1.8%	1.4%	−13.2%	0.9%	9.6%	−0.9%
EPS (basic, normalized)	0.68	0.11	0.49	0.66	0.91	–
EPS growth	508.0%	−77.4%	−24.8%	−28.1%	–	–
Gross margin	30.1%	27.8%	27.6%	27.9%	27.9%	28.3%
Net margin	6.7%	1.2%	5.0%	6.3%	8.1%	5.5%
ROE	4.3%	0.7%	3.2%	4.3%	5.4%	3.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	2,694
Current ratio	2.96x
Long-term debt (mil)	1,608
Net debt (mil)	−424
Total equity (mil)	20,448
Net debt / equity	−0.02x
Net debt / EBITDA	−0.23x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	13,190	−1.8%	2.3x	1,834	+92.9%	16.6x	0.68	+508.0%	33.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–
2029	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	FQ0
Sales reported (mil)	3,446	3,201	3,350	3,236	3,426	3,308	3,481	3,441	3,383	–
Sales mean (mil)	3,322	2,978	3,602	3,274	3,504	3,317	–	3,204	3,109	–
Surprise	+3.7%	+7.5%	−7.0%	−1.1%	−2.3%	−0.3%	–	+7.4%	+8.8%	–
EPS reported	0.05	0.17	0.00	−0.08	0.03	0.18	0.09	0.20	0.20	–
EPS mean	0.05	0.13	0.08	0.15	0.05	0.13	–	0.11	0.11	–
Surprise	+2.0%	+29.2%	−103.8%	−155.3%	−46.0%	+40.0%	–	+82.7%	+86.4%	–

Peer comparison Electronic Equipment & Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
KYOAY KYOCERA CORPORATION	30.9B	−0.23x	6.7%	1.32x	–	–	–	–
6981 Murata Manufacturing Co., Ltd.	79.2B	−1.14x	12.8%	4.20x	31.2x	20.7x	17.6x	12.8x
APH Amphenol Corp	195.6B	1.84x	18.5%	11.42x	29.8x	22.3x	17.1x	14.1x
GLW Corning Incorporated	106.2B	1.39x	10.2%	8.17x	36.6x	27.3x	19.6x	15.4x
TEL TE Connectivity PLC	61.7B	0.79x	10.7%	4.51x	15.9x	14.0x	10.9x	10.0x
COHR Coherent Corp.	41.4B	0.92x	10.8%	3.78x	22.4x	15.1x	14.7x	10.3x
Mean		0.60x	11.6%	5.57x	27.2x	19.9x	16.0x	12.5x
Median		0.86x	10.7%	4.35x	29.8x	20.7x	17.1x	12.8x

Technical analysis

1M−8.8%
3M−3.0%
1Y+52.7%
3Y+89.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, KYOCERA CORPORATION, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	13,190	13,434	13,246	15,252	15,115	13,793
Cost of revenue	9,215	9,705	9,590	10,998	10,893	10,117
Gross profit	3,974	3,729	3,655	4,254	4,222	3,676
Selling, general & administrative expenses	2,839	2,951	2,732	2,931	2,671	2,523
Research & development	–	–	–	–	–	–
Depreciation/amortization	323	332	310	346	308	306
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	67.5	264	0	9.8	19.7	209
Other operating expenses	0	0	0	0	0	0
Operating income	744	182	614	968	1,224	638
Net interest income (expense)	291	228	281	341	366	399
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	29.4	14.7	4.8	18.1	45.7	24.4
Net income before taxes	1,065	424	900	1,327	1,635	1,062
Provision for taxes	152	241	207	341	386	219
Minority interest	−24.9	−22.4	−24.8	−22.4	−29.8	−28.3
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	888	161	668	964	1,220	815
Extraordinary items	–	–	–	–	–	–
Net income	888	161	668	964	1,220	815
EBIT, normalized	812	446	614	978	1,244	848
EBITDA, normalized	1,809	1,519	1,651	2,104	2,304	1,833
Basic EPS, normalized	0.68	0.11	0.49	0.66	0.91	–

Balance sheet in millions of USD, fiscal years

Balance sheet, KYOCERA CORPORATION, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	3,089	3,157	3,042	2,989	3,766	4,373
Receivables	2,617	2,621	2,592	2,869	3,116	3,068
Total inventory	3,289	3,480	3,570	4,062	3,719	3,120
Prepaid expenses	190	238	236	230	217	172
Other current assets	273	78.6	71.7	71.0	106	105
Total current assets	9,458	9,575	9,513	10,221	10,925	10,838
Property, plant & equipment	4,797	4,893	4,948	4,896	4,544	4,316
Goodwill	1,726	1,882	1,870	2,042	2,162	2,317
Intangibles	764	947	1,006	1,113	1,232	1,367
Long-term investments	11,366	11,806	11,252	11,805	12,547	11,965
Note receivable	–	–	–	–	–	–
Other long-term assets	1,163	982	924	753	789	755
Total assets	29,275	30,085	29,511	30,830	32,198	31,558
Liabilities
Accounts payable	946	971	940	1,100	1,314	1,263
Payable/accrued	–	–	–	–	–	–
Accrued expenses	924	935	941	1,023	1,104	1,086
Short-term debt	159	233	0	151	247	272
Current portion of long-term debt	332	232	223	221	548	233
Other current liabilities	947	907	1,003	977	1,220	967
Total current liabilities	3,308	3,279	3,107	3,472	4,433	3,820
Long-term debt	1,606	1,818	1,787	1,208	432	831
Minority interest	176	170	180	189	220	223
Other liabilities	3,145	3,360	3,119	3,190	3,511	3,275
Total liabilities	8,234	8,626	8,194	8,059	8,595	8,149
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	729	772	765	871	951	1,045
Additional paid-in capital	749	792	785	897	1,009	1,109
Retained earnings (accumulated deficit)	13,962	12,954	13,003	14,401	15,174	15,811
Treasury stock	−2,161	−954	−946	−702	−767	−626
Other equity	7,763	7,895	7,711	7,303	7,236	6,070
Total equity	21,041	21,459	21,318	22,771	23,603	23,409
Total liabilities & shareholders' equity	29,275	30,085	29,511	30,830	32,198	31,558

Cash flow statement in millions of USD, fiscal years

Cash flow statement, KYOCERA CORPORATION, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	913	183	693	986	1,250	843
Depreciation, depletion & amortization	997	1,073	1,037	1,127	1,060	985
Deferred taxes	–	–	–	–	–	–
Non-cash items	−202	299	−69.1	−34.1	5.5	−153
Changes in working capital	−282	31.2	117	−729	−655	319
Cash from operations	1,425	1,587	1,778	1,350	1,660	1,995
Investing activities
Capital expenditures	−1,090	−1,119	−1,056	−1,406	−1,207	−1,194
Other investing cash flows	1,560	116	8.8	134	554	−467
Cash from investing	470	−1,004	−1,047	−1,271	−653	−1,660
Financing activities
Financing cash flow items	0	0	−3.9	−43.9	0	−9.1
Cash dividends paid	−455	−489	−494	−528	−524	−473
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,511	55.8	−48.2	111	−392	−249
Cash from financing	−1,966	−433	−546	−461	−916	−731
Foreign exchange effects	141	−17.0	154	77.2	135	99.8
Net change in cash	70.2	133	339	−306	225	−297
Free cash flow	335	467	723	−56.0	453	801

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

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Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.