Sales increased for Kyocera
April 26, 2018
The OEM declared consolidated financial results for the year ended 31 March 2018.
Kyocera Corporation explained that for the year ended 31 March 2018 (“fiscal 2018”), sales in the Document Solutions Group increased due to the launch of new products and aggressive sales promotion activities. Merger and acquisition activities also contributed. As a result, consolidated net sales for fiscal 2018 increased by ¥154.2 billion ($1.41 billion/€1.15 billion), or 10.8 percent, compared with the year ended 31 March 2017 (“fiscal 2017”), to ¥1.57 trillion ($14.36 billion/€11.79 billion). This result is a record high for fiscal year sales.
In the year ending March 31, 2019 (“fiscal 2019”), Kyocera Corporation expects the information and communications market, automotive-related markets and the semiconductor industry markets to remain favourable. Expected is an increase in demand for high-performance components for these markets, and proactive efforts to expand production capacity since fiscal 2018, as well as merger and acquisition activities are expected to contribute to sales in fiscal 2019.
The OEM also expects an increase in profit due to sales growth and production cost reductions, as well as enhanced productivity through use of AI and robots.
Categories : City News
Tags : Business Financials Kyocera
