Kyocera Corporation’s sales and profits grew faster in the three months ended June 30, 2017 compared with the same period last year.
Sales in the Documents Solutions Group increased on the back of investment in new products and aggressive sales promotion activities. As a result, consolidated net sales for the first quarter increased by JP¥25.18 billion (US$227 million), or 7.9%, to JP¥345.16 billion (US$3.12 billion) year on year.
Sales in the Industrial & Automotive Components Group, Semiconductor Components Group and Electronic Devices Group also expanded due to an increase in demand for components used in automotive-related markets, communications infrastructure and smartphones.
Profits increased significantly due to the increase in sales and cost reductions. Profit from operations increased by JP¥18.9 billion (US$170 million), or 154.0%, to JP¥31.17 billion (US$280 million), income before income taxes increased by JP¥24.462 billion (US$220 million), or 98.6%, to JP¥49.26 billion (US$450 million), and net income attributable to shareholders of Kyocera Corporation increased by JP¥17.53 million (US$160 million), or 100.4%, to JP¥34.98 million (US$320 million), compared with the same period last year.Also to be noted, for the three months ended June 30, 2017, Kyocera Crystal Device Corporation which was Kyocera Corporation’s significant subsidiary was excluded from
Also to be noted, for the three months ended June 30, 2017, Kyocera Crystal Device Corporation which was Kyocera Corporation’s significant subsidiary was excluded from consolidation of Kyocera Corporation due to the dissolution of Kyocera Crystal Device Corporation resulted from absorption-type merger with Kyocera Corporation as the surviving company on April 1, 2017.