Financial Report for Shareholders - Kyocera

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30 Proposed Appropriation of Retained Earnings Unappropriated retained earnings Reversal of reserves: ¥ 36,989,506,487 Reversal of reserve for special depreciation 740,631,934 Total 37,730,138,421 To be appropriated as follows: Dividends (¥50.00 per share) 9,374,054,200 Bonuses for Directors and Corporate Auditors 60,000,000 Reserve for special depreciation 321,878,128 General reserve 18,000,000,000 Unappropriated retained earnings carried forward to the next year ¥ 9,974,206,093 Notes: 1. Corporate Auditors' bonuses of ¥4,500,000 are included in Bonuses for Directors and Corporate Auditors. 2. On December 6, 2004, an interim dividend in the amount of ¥5,624,756,490 (¥30.00 per share) was paid to the shareholders. (Unit: Yen)
Copy of Audit Report of Independent Auditors To the Board of Directors Kyocera Corporation Report of Independent Auditors (English Translation) May 9, 2005 ChuoAoyama PricewaterhouseCoopers Yukihiro Matsunaga, CPA Engagement Partner Yasushi Kouzu, CPA Engagement Partner Minamoto Nakamura, CPA Engagement Partner We have audited, pursuant to Article 2-1 of the “Special Law of the Commercial Code Concerning the Audit, etc. of Stock Corporations (Kabusiki-Kaisya)” of Japan, the balance sheet, statement of income, business report (limited to the accounting figures included therein), proposal for appropriation of retained earnings (hereinafter referred to as the “financial statements”) and supplementary schedules (limited to the accounting figures included therein) of Kyocera Corporation (hereinafter referred to as the “Company”) for the 51st fiscal year from April 1, 2004 to March 31, 2005. The portion of the business report and supplementary schedules subject to our audit are those derived from the accounting books and records of the Company. These financial statements and supplementary schedules are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and supplementary schedules. Except as explained in the following paragraph, we conducted our audit in accordance with auditing standards generally accepted in Japan. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and supplementary schedules are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and supplementary schedules. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and supplementary schedules. We believe that our audits provide a reasonable basis for our opinion. We have not completed our audit procedures regarding consolidated accounting figures included in (1)” Business Developments and Results of Kyocera Corporation and its Consolidated Subsidiaries”, (2) “Capital Expenditures by Kyocera Corporation and its Consolidated Subsidiaries” and (5) “Trend of Performance and Assets of Kyocera Corporation and its Consolidated Subsidiaries” of Section 1 “Business outline” in the business report. However, as of the date of our audit report, we performed limited procedures including analytical procedures to the consolidated trial balance and financial information of subsidiaries and affiliates accounted for by equity method in accordance with Statement of Japanese Institution of Certified Public Accountants No.40. As a result of our audit, it is our opinion that: (1) The balance sheet and statement of income present fairly the financial position and results of operation of the Company in conformity with the applicable laws and regulations of Japan and the Articles of Incorporation. (2) The business report of the Company (limited to the accounting figures included therein) presents fairly the Company's affairs in conformity with the applicable laws and regulations of Japan and the Articles of Incorporation. Also we are not aware of significant facts that indicate the consolidated accounting figures included in Section 1-(1), 1-(2) and 1-(6) of the business report do not present fairly the Company's affairs in conformity with the applicable laws and regulations of Japan and the Articles of Incorporation based on our limited procedures described in the preceding paragraph. (3) The proposal for appropriation of retained earnings is presented in conformity with the applicable laws and regulations of Japan and the Articles of Incorporation. (4) There is nothing to be mentioned in respect of the supplementary schedules (limited to the accounting figures included therein) in accordance with the provision of the Commercial Code of Japan. We have no interest in or relationship with the Company which is required to be disclosed pursuant to the provisions of the Certified Public Accountant Law of Japan. Notice to Readers: The original financial statements and supplementary schedules are written in Japanese. 31
Page 1 and 2: [Accompanying Materials for the 51s
Page 3 and 4: Greetings We hope this message find
Page 5 and 6: HIGHLIGHTS OF CONSOLIDATED RESULTS
Page 7 and 8: (2) Electronic Device Group Net Sal
Page 9 and 10: (4) Others Net Sales: ¥118,040 mil
Page 11 and 12: developed markets. Meanwhile, stabl
Page 13 and 14: Trend of performance and assets of
Page 15 and 16: (2) Business Combination 1. Materia
Page 17 and 18: (vi) Stock Acquisition Rights (1) S
Page 19 and 20: (4) Employees of Kyocera Corporatio
Page 21 and 22: (6) Directors and Corporate Auditor
Page 23 and 24: Yen in millions March 31, Increase
Page 25 and 26: Consolidated Statements of Cash Flo
Page 27 and 28: (4) Depreciation method of Property
Page 29 and 30: Non-Consolidated Statements of Inco
Page 31: Notes to Balance Sheet: 1. Current
Page 36: KYOCERA Corporation 6 Takeda Tobado

Financial Report for Shareholders - Kyocera

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