Kyocera Corp
6971: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Tg | LOCK|vK | LOCK|%XKHPN@ |
Kyocera Earnings: Less Competitive Products Impair Profitability; Cutting Valuation by 7%
Kyocera reported disappointing results for the September quarter. The operating margin of 3.4% for the quarter was well below our expectation of 5.3%, and the company lowered its full-year operating income guidance for fiscal 2024 (ending March 2025) from JPY 110 billion to JPY 68 billion.
