The Recycler
  • Biuromax Masthead web banner March 2024
  • Katun web banner December 2022 NEW
  • G&G July 2024 Web Banner

KYOCERA reports rise in sales revenue

February 1, 2019

The OEM has announced its consolidated financial results for the nine months ending 31 December 2018, reporting an increase in sales revenue but a fall in profits.

As KYOCERA explained, its sales revenue for the nine months ending 31 December 2018 increased by ¥69.4 billion ($637.3 million/€555.5 million), or 6.1 percent, to ¥1.2 trillion ($11.02 billion/€9.6 billion), compared with the previous nine months, marking record highs in sales for this nine-month period for two consecutive years.

Sales increased in the Electronic Devices Group and the Industrial & Automotive Components Group as well as the Document Solutions Group due in part to contributions from aggressive merger and acquisition activities conducted from fiscal 2018.

Profits, however, decreased as compared with the previous nine months, due to the recording of settlement expenses in the amount of ¥52.3 billion ($480.3 million/€418.6 million) relating to long-term purchase agreements for procurement of polysilicon material in the solar energy business and to the recording of impairment loss relating to machinery, equipment and goodwill in the organic materials business in the amount of ¥16.1 billion ($147.8 million/€128.8 million), which more than offset the effects of increased sales revenue and cost reductions efforts in each division.

For this reason, operating profit decreased by ¥47.7 billion ($438.05 million/€381.8 million), or 44.1 percent, to ¥60.5 billion ($555.6 million/€484.3 million).

KYOCERA’s Document Solutions Group experienced an increase in sales revenue in the nine months of ¥6.9 billion ($63.3 million/€55.2 million), or 2.6 percent, to ¥273.8 billion ($2.5 billion/€2.1 billion), compared with ¥266.9 billion ($2.4 billion/€2.1 billion) in the previous nine months. This was due primarily to an increase in sales volume of multifunctional products in Japan and overseas as well as contributions from merger and acquisition activities. Business profit in the nine months increased by ¥993 million ($9.1 million/€7.9 million), or 3.4 percent, to ¥30.08 billion ($276.2 million/€240.7 million) compared with ¥29.08 billion ($267.08 million/€232.7 million) in the previous nine months, due to the sales growth and cost reductions. The business profit ratio for the nine months was 11 percent, which was almost level with the 10.9 percent recorded for the previous nine months.

Categories : City News

Tags : 2018 Financials Kyocera

  • G&G Big & Bold Web banner January 2024
  • Apex Web banner June 2024
  • Biuromax web banner July 2024
  • Static Control June 2022 Big & Bold Ad
  • GM Technology July 2024 banner
  • INK TANK July 2024 Web advert
  • TN Core July 2024 Web advert
  • IR Italiana Web ad January 2021
  • GPI July 2024 Web Banner
  • denner UK Web Banner Jul 2024
  • Mito Web banner June 2024
  • Denner Feb 2024 Web Ad
  • PCL July 2024 Web Advert
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024
  • CET Web ad December 2023
  • CET Web ad December 2023
  • HYB Web banner Jan 2024
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • denner UK Web Banner Jul 2024
  • Denner Feb 2024 Web Ad
  • PCL July 2024 Web Advert
  • Mito Web banner June 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • PCL July 2024 Web Advert
  • ITP Web ad January 2021
  • Mito Web banner June 2024
  • denner UK Web Banner Jul 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021