Kyocera Corp
6971: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥6,234.00 | Zfrs | Bqytqvmz |
Kyocera Earnings: MLCC Utilization to Pick up Toward End of 2024; Maintain Valuation of JPY 2,050
The earnings results of four passive component suppliers indicate that the recovery of demand for multilayer ceramic capacitors is underway as expected. In the December quarter, Murata Manufacturing’s book/bill ratio for MLCC exceeded 1 for the first time in seven quarters, while Taiyo Yuden’s BB ratio improved to 1.07 from 1.01 in the previous quarter, when it exceeded 1 for the first time in nine quarters.