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Kyocera’s sales revenues increased sharply

Kyocera’s sales revenues increased sharply

July 29, 2021

The company has released its latest financial results, recording increased sales revenues and operating profits, for the reporting period three months ended 30 June.

For the reporting period ended 30 June, Kyocera recorded sales revenues of ¥420.71 billion ($3.83 billion/ €3.22 billion), up 32.7% year-on-year. Kyocera said that “sales revenue increased sharply against a background of rising demand in main markets such as the semiconductor-related market and achieved a new record high for Q1.” Operating profit grew 327.5% to ¥32.37 billion ($295 million/ €248 million).

For Kyocera’s Solutions Business segment, sales revenue grew 31.5% year-on-year, to ¥228 billion ($2.07 billion/ €1.75 billion). Kyocera said that one of the major reasons for change was the recovery of demand for printers, MFPs and consumables in the Document Solutions Unit.

Kyocera explained that the forecast for the full financial year 2022 has not been changed and said: “Consolidated financial results for the first quarter made a favourable start toward the full-year forecast. In the three months ending 30 September 2021 and onward, although there is concern over a shortage in semiconductor supply which could affect various markets, we generally expect demand for our major products, such as components relating to the 5G market and fine ceramic components for semiconductor processing equipment, will remain solid.”

“In this environment, we aim to achieve our consolidated financial forecasts by increasing sales through our proactive efforts to acquire orders and increase production through capital investment as well as improving productivity.”

Categories : City News

Tags : Business Financials Kyocera OEM

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