Kyocera sales increased in the first half
October 31, 2022
The company reported in its latest financial results that sales revenue of all reporting segments increased as compared with the six months of the previous year.
Kyocera reported that during the six months ended 30 September 2022 (the first half), supply chain disruptions and price increases in raw materials, etc., continued due to the unstable global situation. In addition, the yen depreciated substantially in the foreign exchange market.
Sales revenue of the first half increased by 15.5%, to ¥1.012 billion ($138.6 billion/ €139.6 billion), as compared with the previous first half. Compared with the previous first half, operating profit increased by ¥809 million ($111 million/ €112 million), or 1.1%.
Within the Solutions Business segment, sales revenue for the first half increased by 12.1%, to ¥524 million ($72 million/ €73 million), compared to the same period in the previous fiscal year. Business profit decreased 28.6%. Kyocera said that business profit, decreased due to a drop in mobile phone sales volume in the Communications Unit, as well as increases in the price of raw materials, logistics costs, etc. in each business.
Forecasts for the full year were not revised.
Categories : City News
Tags : Business Financials Kyocera OEM