Kyocera Corp. announced consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company's net sales were JPY 370,453 million compared with JPY 387,363 million a year ago. Profit from operations was JPY 4,071 million compared with JPY 35,471 million a year ago. Income before income taxes was JPY 19,390 million compared with JPY 46,549 million a year ago. Net income attributable to shareholders of the company was JPY 8,712 million compared with JPY 30,322 million a year ago. Capital expenditures were JPY 16,276 million against JPY 11,346 million a year ago.

For the nine months, the company's net sales were JPY 1,093,030 million compared with JPY 1,101,692 million a year ago. Profit from operations was JPY 66,020 million compared with JPY 90,222 million a year ago. Income before income taxes was JPY 97,390 million compared with JPY 114,667 million a year ago. Net income attributable to shareholders of the company was JPY 59,504 million or JPY 162.20 per basic and diluted share compared with JPY 73,971 million or JPY 201.63 per basic and diluted Share a year ago. Cash flows from operating activities were JPY 115,694 million compared with JPY 70,395 a year ago. Net cash provided by operating activities for the nine months increased by JPY 45,299 million to JPY 115,694 million from JPY 70,395 million for the previous nine months. Although net income decreased, cash flow adjustments related to inventories and notes and accounts payable exceeded cash flow adjustment related to other current liabilities including accrued expenses, which caused the increase in net cash provided by operating activities. Capital expenditure was JPY 50,891 million against JPY 41,816 million a year ago.

The company revised earnings guidance for the year ending March 31, 2016. For the period, the company expects net sales of JPY 1,480,000 million, profit from operations of JPY 85,000 million, income before income taxes of JPY 135,000 million and net income attributable to shareholders of the company of JPY 90,000 million or JPY 245.33 per share compared to previously forecasted net sales of JPY 1,530,000 million, profit from operations of JPY 110,000 million, income before income taxes of JPY 140,000 million and net income attributable to shareholders of the company of JPY 85,000 million or JPY 231.70 per share. Capital expenditures is now expected to be JPY 70,000 million against previous forecast of JPY 70,000 million a year ago.

The company provided dividend guidance for the year ended of March 31, 2016. For the period, the company provided dividend guidance of JPY 50.00 per share compared to JPY 60.00 per share a year ago.