Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its consolidated financial results for the first quarter of fiscal year 2009; FY09 (the three months ended June 30, 2008).

Overview of Consolidated Financial Results

Consolidated net sales for the first quarter amounted to ¥331,758 million (USD3,130 million) an increase of 5.2% compared with the previous first quarter, due primarily to the addition of the mobile phone business of SANYO Electric Co., Ltd. (SANYO), effective April 1, 2008, and rising sales of solar energy products.

First-quarter profit from operations decreased by 11.6% as compared to the previous first quarter, to ¥27,962 million (USD264 million), due to the appreciation of the yen against the U.S. dollar and an associated increase in depreciation expenses. Income before income taxes decreased by 8.8%, to ¥36,905 million (USD348 million); and net income decreased by 12.1%, to ¥21,962 million (USD207 million), in comparison with the previous first quarter.

Sales in the Components Business increased by 3.8% as compared with the previous first quarter, to ¥168,820 million (USD1,593 million), while operating profit decreased by 3.9%, to ¥22,534 million (USD213 million), with an operating profit ratio of 13.3%. Sales in the Equipment Business increased by 7.8%, to ¥137,109 million (USD1,293 million), while operating profit decreased by 11.1%, to ¥8,038 million (USD76 million), with an operating profit ratio of 5.9%.

The Others segment includes information and communications technology services and chemical materials for electronic components. First-quarter sales in this reporting segment increased by 1.7% as compared to the previous first quarter, to ¥32,178 million (USD304 million), due primarily to rising sales in the Information and Communication Technology (ICT) and telecommunications engineering businesses of Kyocera Communication Systems Co., Ltd. Operating profit decreased by 58.1%, to ¥543 million (USD5 million), as compared to the prior first quarter, with an operating profit ratio of 1.7% due to an increase in overhead costs.

Consolidated Financial Forecast for the Year Ending March 31, 2009

Although we have revised our forecast for the average exchange rate of the Japanese yen against the Euro, we are making no changes to full-year consolidated financial forecast for fiscal year 2009, since the effect of this revision is not significant.

Note: The forecast of earnings per share announced on July 30, 2008 is computed based on the diluted average number of shares outstanding during the three months ended June 30, 2008.

The global economic situation is expected to remain severe during the second quarter of fiscal 2009 and thereafter due to continuing concern over financial instability in the United States, and heightened inflation worries triggered primarily by the rising costs of crude oil and raw materials. Despite these concerns, production of digital consumer equipment is expected to expand steadily, and as a result, Kyocera forecasts a moderate recovery in demand for components used in these products beginning in the second half of fiscal 2009.

Based on this economic outlook, we will strive to attain our full-year forecast by strengthening the foundation of each business; cultivating new markets and customers; improving productivity; aiming for continuous sales expansion; and improving the profitability of the Kyocera Group as a whole.

Complete details of Kyocera’s financial results for the three months ended June 30, 2008 are available at:

http://global.kyocera.com/ir/financial/f_results.html

FORWARD-LOOKING STATEMENTS

Except for historical information contained herein, the matters set forth in this press release are forward-looking statements that involve risks and uncertainties including, but not limited to, product demand, competition, regulatory approvals, the effect of economic conditions and technological difficulties, and other risks detailed in the Company's filings with the U.S. Securities and Exchange Commission.

About Kyocera

Kyocera Corporation (NYSE:KYO; TOKYO:6971; www.kyocera.com), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of advanced ceramics. By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of cutting tools, solar energy systems, telecommunications equipment, semiconductor packages, electronic components, laser printers, copiers and industrial ceramics. During the year ended March 31, 2008, the company’s net sales totaled 1.29 trillion yen (approximately $12.9 billion).