Kyocera provided earnings guidance for the year ending March 2017. For the period, the company is expected to report an 18% decline in group pretax profit to ¥120 billion ($1.06 billion) for the fiscal year ending March. That would be below the forecasted 11% slide to ¥130 billion in group pretax profit on an American accounting basis. Sales are projected to slide 5% to roughly ¥1.4 trillion, instead of the predicted 3% growth to ¥1.52 trillion.