Kyocera (6971) AI Stock Analysis

• Market Cap: ¥3.60T
• Dividend Yield: 2.29%
• Average Volume (3M): 4.12M
• Price to Earnings (P/E): 34.8
• Beta (1Y): 0.72
• Revenue Growth: -0.51%
• EPS Growth: -45.68%
• Country: JP
• Employees: 79,185
• Sector: Industrials
• Sector Strength: 72
• Industry: Consumer Electronics
• EPS (TTM): 30.97
• Shares Outstanding: 1,510,474,400
• 10 Day Avg. Volume: 4,161,980
• 30 Day Avg. Volume: 4,119,896
• PEG Ratio: -1.29
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 1.17
• P/FCF Ratio: 33.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,600.00
• Price Target Upside: 16.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ¥2,781.00 ▲(24.85% Upside)

Moderate overall score driven by strong financial stability (low leverage) but held back by weak free cash flow trends and limited revenue growth. Technicals are favorable with a clear uptrend, though momentum appears stretched (high RSI). Valuation is a headwind given the higher P/E and only moderate dividend yield.

Positive Factors

Conservative balance sheet

A very low debt-to-equity ratio provides durable financial flexibility across cycles. It supports capital spending, supply-chain resilience, and opportunistic M&A without stressing liquidity, making the firm better able to withstand industrial and electronics demand volatility over months.

Diversified revenue streams

Operating across industrial components, devices/equipment, solutions/services and communications reduces single-market dependence. Recurring service and contract revenue cushions product cyclicality, supports cross-selling to OEMs and strengthens structural revenue stability over the medium term.

Margin recovery and positive profitability

Margins have shown resilience after the FY2025 trough, with TTM net margin improving to ~5.1%. This rebound suggests operational leverage in core manufacturing and solutions businesses and a baseline of profitability that can support reinvestment and modest returns over the coming months.

Negative Factors

Weak free cash flow conversion

A material drop in FCF and low conversion of accounting earnings into free cash reduces capacity to fund buybacks, dividends, or higher capex without using reserves. Over several months this constrains capital allocation flexibility despite ample balance sheet headroom.

Limited top-line growth

Very low revenue growth indicates limited near-term market share gains or end-market expansion. With flat top-line trends, the company must rely on margin improvement or share buybacks to grow earnings, making durable earnings growth more challenging over the 2–6 month horizon.

Modest return on equity and profit volatility

A low ROE signals that the large equity base generates limited returns, reflecting either capex intensity or weak pricing power. Combined with year-to-year earnings swings, this raises questions about sustainable profitability and shareholder return potential in the medium term.

Kyocera Business Overview & Revenue Model

Company Description

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The company offers fine ceramic components; automotive components; optical components; and inorganic and organic ceramic packages, and boards for use in industrial machinery, general industrial, smartphones and communication infrastructures, and automotive-related markets. It also provides electronic components and devices comprising capacitors, crystal and SAW devices, connectors, sensing and control devices, power semiconductor and printing devices for the information and communications equipment, industrial equipment, and automotive markets. Further, the company offers smartphones, mobile phones, and communication modules for in-vehicle installation and Internet of Things market; printers, multifunctional products, commercial inkjet printers, document solutions, and supplies. In addition, it provides solar modules for commercial and residential uses; smart energy related products, including storage batteries and energy management systems; and medical devices, such as prosthetic joints and dental prosthetics, and jewelry and kitchen accessories, including ceramic knives. The company offers its products through sales personnel, sales companies, and third-party distributors. The company was formerly known as Kyoto Ceramic Kabushiki Kaisha and changed its name to Kyocera Corporation in 1982. Kyocera Corporation was incorporated in 1946 and is headquartered in Kyoto, Japan.

How the Company Makes Money

Kyocera generates revenue through multiple streams, primarily from the sale of electronic components, printers, and industrial products. The company offers a range of printing solutions, including multifunction printers and imaging systems, which contribute significantly to its earnings. Additionally, Kyocera has a strong presence in the solar energy market, providing solar cells and modules, which have become increasingly important as demand for renewable energy solutions rises. Key partnerships with other technology firms and manufacturers enhance its product offerings and market reach. Furthermore, Kyocera's investment in research and development allows it to innovate and maintain a competitive edge, thus driving sales across its various business segments.

Kyocera Financial Statement Overview

Summary

Financially stable but mixed operating quality: revenue is essentially flat (+1.85% TTM) and profitability has been volatile (FY2025 dip followed by a TTM net margin rebound to ~5.1%). The balance sheet is a clear strength with low leverage (debt-to-equity ~0.12), but ROE is modest (~3.2%). Cash flow is the key drag: free cash flow fell materially (TTM FCF growth ~-32%) and FCF conversion is weak (~24% of net income).

Income Statement

TTM (Trailing-Twelve-Months) revenue is essentially flat (+1.85%), and profitability has moderated versus prior peaks: net margin is ~5.1% TTM versus ~6.3% in FY2022 and ~8.1% in FY2021. The most recent annual period (FY2025) shows a sharp earnings dip (net margin ~1.2%, EBIT margin ~4.5%), but TTM results indicate a partial rebound (net margin back to ~5.1%). Overall, margins are positive and improving from the FY2025 trough, but growth is low and earnings appear somewhat volatile year-to-year.

Balance Sheet

The balance sheet looks conservatively financed, with low leverage (TTM debt-to-equity ~0.12) supported by a large equity base. This provides flexibility and resilience for a cyclical consumer electronics environment. The main drawback is efficiency: return on equity is modest (TTM ~3.2%), reflecting relatively low profit generation versus the size of the capital base despite the strong balance sheet.

Cash Flow

Cash generation is positive but has weakened. TTM operating cash flow is solid in absolute terms, yet free cash flow is relatively light (about ¥51.7B) and down materially (TTM free cash flow growth ~-32%). Cash conversion is also mixed: free cash flow is only ~24% of TTM net income, indicating that a meaningful portion of accounting earnings is not translating into free cash in the period. This is manageable given the strong balance sheet, but it reduces near-term financial flexibility and return capacity.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.01T	2.00T	2.03T	1.84T	1.53T
Gross Profit	559.17B	553.11B	564.94B	513.64B	406.95B
EBITDA	252.21B	220.12B	328.26B	330.66B	228.81B
Net Income	24.10B	101.07B	127.99B	148.41B	90.21B
Balance Sheet
Total Assets	4.51T	4.47T	4.09T	3.92T	3.49T
Cash, Cash Equivalents and Short-Term Investments	473.39B	460.33B	396.90B	458.21B	484.08B
Total Debt	342.38B	304.19B	209.80B	149.26B	147.82B
Total Liabilities	1.27T	1.21T	1.05T	1.02T	877.36B
Stockholders Equity	3.22T	3.23T	3.02T	2.87T	2.59T
Cash Flow
Free Cash Flow	70.07B	109.33B	-7.43B	55.05B	88.69B
Operating Cash Flow	237.92B	269.07B	179.21B	201.96B	220.82B
Investing Cash Flow	-150.48B	-158.41B	-168.83B	-79.46B	-183.79B
Financing Cash Flow	-64.94B	-82.60B	-61.26B	-111.47B	-80.97B

Kyocera Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2227.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6971, the sentiment is Positive. The current price of 2227.5 is below the 20-day moving average (MA) of 2311.88, below the 50-day MA of 2234.48, and above the 200-day MA of 1939.44, indicating a bullish trend. The MACD of 64.78 indicates Negative momentum. The RSI at 72.31 is Negative, neither overbought nor oversold. The STOCH value of 83.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6971.

Kyocera Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6952	74 Outperform	¥358.98B	18.77	5.53%	3.55%	-5.43%	55.21%
6752	73 Outperform	¥5.12T	24.67	6.73%	1.99%	-6.96%	-7.22%
6758	73 Outperform	¥20.44T	18.00	14.45%	0.55%	-2.86%	5.93%
6810	66 Neutral	¥93.69B	18.88	―	1.99%	3.71%	-3.32%
6971	64 Neutral	¥3.60T	34.81	1.37%	2.29%	-0.51%	-45.68%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6753	60 Neutral	¥463.18B	7.90	―	―	-10.88%	―

Kyocera Corporate Events

Kyocera Advances Large-Scale Share Buyback, Repurchasing ¥27.3 Billion in January

Kyocera has disclosed the latest progress of its ongoing share repurchase program, reporting that it bought back 11,994,900 shares of common stock for a total of ¥27.29 billion via market transactions on the Tokyo Stock Exchange between January 1 and January 31, 2026. This activity forms part of a broader board-approved buyback plan authorized in May 2025 that allows repurchases of up to 136.24 million shares or ¥200 billion through March 24, 2026, under which Kyocera has cumulatively acquired 71,317,500 shares for ¥147.29 billion as of the end of January, signaling a continued focus on capital return and potentially supporting shareholder value through reduced share count and improved capital efficiency.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2859.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Revises Target for Cross-Shareholdings in Strategic Transformation Update

Kyocera has issued a correction to its recently released “Progress Update: Strategic Business Transformation,” revising its stated target ratio of cross-shareholdings to net assets for the end of the third quarter of fiscal 2026 from 43.7% to 47.9%. The adjustment suggests that Kyocera’s planned reduction of cross-shareholdings will be more gradual than initially communicated, which may influence investor expectations around capital efficiency, balance-sheet optimization, and the pace of its broader strategic transformation efforts.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Outlines Progress on Strategic Business Transformation Project

Kyocera Corporation has issued a progress update on its Strategic Business Transformation Project, outlining initiatives to strengthen business portfolio management across its components and solutions segments, promote capital strategies, and enhance corporate governance. The program, led by top management including President Hideo Tanimoto and senior executive officers, is aimed at improving operational efficiency, optimizing resource allocation, and reinforcing oversight structures, signaling a concerted effort to bolster the company’s competitiveness and financial discipline in the coming fiscal years.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Outlines Fiscal 2026 Nine-Month Results and Strategic Transformation Progress

Kyocera has released an English-language financial presentation covering its results for the nine months ended December 31, 2025 (Fiscal 2026 9M), along with an update on the progress of its strategic business transformation and its financial forecasts for the full fiscal year ending March 31, 2026. The materials, intended mainly for non-Japanese-speaking stakeholders, outline how the company is tracking against its transformation plans and provide structured guidance on current performance and outlook, reinforcing transparency around its medium-term operational and strategic direction.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera to Strengthen Governance With Shift to Audit & Supervisory Committee Structure

Kyocera Corporation plans to shift its governance structure from a traditional company with an audit & supervisory board to a company with an audit & supervisory committee, pending shareholder approval at its 72nd Ordinary General Shareholders Meeting scheduled for late June 2026. The move is positioned as part of a broader Strategic Business Transformation Project aimed at restoring Kyocera’s profile as a high-growth, highly profitable enterprise, with the new committee structure expected to strengthen the board’s supervisory function, elevate the role and voting power of outside directors, and sharpen long-term strategic deliberations, thereby reinforcing corporate governance and supporting sustained corporate value creation.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Overhauls Top Management, Names New President and Vice Chairman

Kyocera Corporation announced a major change in its top management structure, effective April 1, 2026, appointing Norihiko Ina as Vice Chairman of the Board and Representative Director in charge of the Solutions Sector and elevating Shiro Sakushima to President, Representative Director, and CEO. The reshuffle is aimed at strengthening the company’s management framework and enhancing corporate value, with current President and Representative Director Hideo Tanimoto stepping down to become a director before resigning from the board in June 2026 to serve as Special Executive Advisor, while Goro Yamaguchi remains Chairman and Representative Director. The appointments bring seasoned internal leaders with deep experience in document solutions and electronic components to the forefront, signaling a continued focus on strategic business transformation and positioning Kyocera to reinforce its competitiveness and execution in its core business sectors.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Lifts Fiscal 2026 Earnings Outlook on Strong Demand and Asset Sale Gains

Kyocera has raised its consolidated financial forecasts for the fiscal year ending March 31, 2026, after stronger-than-expected results for the nine months to December 31, 2025 and a favorable yen depreciation. The company now projects sales revenue of ¥2.02 trillion, operating profit of ¥100 billion, profit before tax of ¥150 billion and profit attributable to owners of the parent of ¥120 billion, representing increases of 3.6%, 42.9%, 28.2% and 26.3% respectively versus its October 2025 guidance, and a sharp improvement over the prior fiscal year. The upward revision also reflects an approximately ¥15 billion profit boost from the sale of its U.S. subsidiary Kyocera Industrial Tools, Inc. as part of a broader business portfolio restructuring under its structural business transformation, indicating both strong semiconductor-related demand and active reshaping of its business mix despite ongoing geopolitical and macroeconomic uncertainties.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Posts Sharp Profit Rebound and Lifts Full-Year Earnings Outlook

Kyocera reported a strong rebound in earnings for the nine months ended December 31, 2025, with sales revenue inching up 2.0% year-on-year to ¥1.52 trillion, while operating profit surged more than fourfold and profit attributable to owners of the parent climbed over 430%, driving basic earnings per share up to ¥70.58. The company maintained its dividend policy with an interim payment of ¥25 per share and a full-year forecast of ¥50, and revised its consolidated earnings outlook for the year ending March 31, 2026, now projecting modest sales growth but a sharp recovery in profitability, including a 266.3% jump in operating profit and a nearly fourfold increase in net profit, underscoring a significant earnings turnaround and improved outlook for shareholders and other stakeholders.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Finalizes ¥75.4 Billion Sale of U.S. Industrial Tools Subsidiary

Kyocera has completed the previously announced transfer of all shares in its U.S. subsidiary, Kyocera Industrial Tools, Inc., to TL Sapphire Holdings, Inc., with the transaction closing on January 22, 2026 (U.S. Eastern Time). The share transfer, priced at 75.4 billion yen subject to customary post-closing adjustments, marks a further reshaping of Kyocera’s portfolio, and the company is currently evaluating how the divestment will affect its consolidated results for the fiscal year ending March 31, 2026, with a commitment to disclose any material impact once determined.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera to Spin Off and Sell Chemical Business to Sumitomo Bakelite as Part of Portfolio Overhaul

Kyocera will carve out its chemical business, including semiconductor-related encapsulation materials, pastes, and other chemical and composite products, into a newly established subsidiary that will then be sold in full to Sumitomo Bakelite. The transaction, executed via an absorption-type company split followed by a share transfer targeted for completion by the end of October 2026, aligns with Kyocera’s ongoing portfolio restructuring efforts aimed at boosting corporate value and is expected to support the growth and value enhancement of the divested chemical operations under Sumitomo Bakelite’s expanding chemical platform.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Reports Progress on Large-Scale Share Buyback Program

Kyocera has disclosed the latest status of its ongoing share buyback program, reporting that it repurchased 9,347,900 common shares on the Tokyo Stock Exchange between December 1 and December 31, 2025, at a total cost of approximately 20.3 billion yen. This transaction forms part of a broader board-approved authorization, announced in May 2025, allowing the company to buy back up to 136.24 million shares for as much as 200 billion yen through March 24, 2026; as of December 31, 2025, Kyocera has cumulatively repurchased 59,322,600 shares for about 120.0 billion yen, underscoring management’s ongoing capital policy and potential efforts to enhance shareholder value through reduced share count and more efficient balance sheet management.

The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2432.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Updates on Share Repurchase Progress

Kyocera Corporation announced the status of its ongoing share repurchase program, having repurchased 10,717,000 shares for approximately 21.96 billion yen between November 1 and November 30, 2025. This move is part of a larger initiative approved by the Board of Directors to repurchase up to 136,240,000 shares by March 2026, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:6971) stock is a Hold with a Yen2304.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Transfers U.S. Subsidiary to TL Sapphire Holdings

Kyocera Corporation has decided to transfer all shares of its U.S. subsidiary, Kyocera Industrial Tools, Inc., to TL Sapphire Holdings, Inc., an affiliate of Truelink Capital Management. This move aligns with Kyocera’s strategy to enhance corporate value by reviewing and concentrating its business portfolio, marking a significant step in its structural reform initiatives.

The most recent analyst rating on (JP:6971) stock is a Hold with a Yen2304.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.

Kyocera Announces Progress in Share Repurchase Program

Kyocera Corporation announced the status of its share repurchase program, revealing that it has repurchased over 13 million shares worth approximately 26.9 billion yen between October 1 and October 31, 2025. This move is part of a broader strategy approved by the Board of Directors to buy back up to 136 million shares by March 2026, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:6971) stock is a Hold with a Yen2304.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.