Reading time ( words)
Kyocera Corporation today announced its consolidated financial results for the first quarter of fiscal year 2018 (the three months ended June 30, 2017, or “Q1”).
Revenue from sales of Industrial & Automotive Components, Semiconductor Components and Electronic Devices increased during Q1 due to rising demand from producers of automobiles, communications infrastructure equipment and smartphones. Revenue from Document Solutions expanded as well following the launch of new products and sales promotion activities. As a result, consolidated net sales for the three months ended June 30 increased by JPY25,177 (USD225) million, or 7.9%, to JPY345,162 (USD3,082) million, compared with the same period of the prior year.
Profit from operations increased 154.0%, to JPY31,167 (USD278) million, due mainly to stronger sales and continued cost reduction efforts. Income before income taxes increased 98.6%, to JPY49,260 (USD440) million, and net income attributable to shareholders of Kyocera Corporation increased 100.4%, to JPY34,981 (USD312) million.
Kyocera Corporation, the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, printers, copiers, mobile phones and solar power generating systems. During the year ended March 31, 2017, the company’s consolidated net sales totaled 1.42 trillion yen (approx. USD12.7 billion). Kyocera appears on the “Top 100 Global Innovators” list by Clarivate Analytics and is ranked #522 on Forbes magazine’s 2017 “Global 2000” list of the world’s largest publicly traded companies.