Kyocera Corporation
Management Reform Project Progress Report
Kyocera identifies ROE improvement as a key management issue, planning to rebuild its management foundation from 2026 to 2028 and promote business growth from 2029 to 2031. Starting in 2027, it will begin business evaluations based on ROIC, aiming to achieve an ROE of 5% by combining capital policies.
Key Figures
- ROE Fiscal 2025.3 Actual 0.7%
- ROE Fiscal 2026.3 Forecast 3.6%
- ROE Fiscal 2031.3 Target 8.0% or more, Long-term Target 10.0% or more
AI要約
Overview of the Management Reform Project
Kyocera positions ROE improvement as a primary management challenge and implements initiatives to enhance corporate value in two phases: rebuilding the management foundation from Fiscal 2026.3 to Fiscal 2028.3, and promoting business growth from Fiscal 2029.3 to Fiscal 2031.3. Although aggressive investments were made aiming to achieve net sales of 3 trillion yen by Fiscal 2025.3, performance worsened due to weakened demand in the semiconductor and automotive markets, leading to recognition of the need for management reform including revising management targets.
Strengthening Business Portfolio Management
In business portfolio management, Kyocera plans to drive medium- to long-term growth through two axes: the components business (core components/electronic components) and the solutions business, evolving toward a business portfolio suitable for providing high value-added custom products and solutions that address customer and social issues. From Fiscal 2027.3, business evaluation based on ROIC will begin, aiming to achieve an ROE of 5% by combining this with capital policies. Until Fiscal 2028.3, efforts will focus on improving profitability of existing businesses and transforming internal structures; from Fiscal 2029.3 onward, new growth will be pursued by integrating strengths.
