Kyocera's (TYO:6971) profit attributable to owners of the parent plunged 79.7% to 18.3 billion yen in the fiscal nine months ended Dec. 31, 2024, from 90.4 billion yen a year ago mainly due to lower utilization ratio of production facilities and higher tax expenses.

The ceramics and electronics manufacturer said basic earnings per share fell to 13.01 yen from 63.94 yen a year ago, according to a Monday filing.

Sales revenue was flat at 1.492 trillion yen from 1.493 trillion yen a year earlier.

Kyocera forecasted attributable profit to fall 80.2% to 20 billion yen or 14.20 yen per share and sales revenue to gain 0.2% to 2 trillion yen for the fiscal year ending March 31.

The company expects to pay a year-end dividend of 25 yen per share for the current fiscal year.

Kyocera's shares gained nearly 9% recently.

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