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Kyocera Corp. recently released its consolidated financial results for the fiscal year ended March 31, 2012. Consolidated net sales for fiscal 2012 decreased by ¥76,054 million (~ $938,000), or 6.0%, to ¥1,190,870 million (~ $14,690 million), compared with ¥1,266,924 million (~ $15,628 million) for fiscal 2011, reportedly due primarily to a decline in component demand for digital consumer equipment and a decrease in sales in the Telecommunications Equipment Group, in addition to the impact of the yen’s appreciation.
Profit from operations decreased by ¥50,349 million (~ $621,082), or 32.3%, to ¥105,575 million (~ $1,302 million), compared with ¥155,924 million (~ $1,923 million) for fiscal 2011. In addition, income before income taxes decreased by ¥49,539 million (~ $611,090), or 28.7%, to ¥122,793 million (~ $1,514 million), compared with ¥172,332 million (~ $2,125 million) for fiscal 2011.
“Although this fiscal year was characterized by a difficult business environment, we nevertheless made strategic efforts through merger and acquisition to enhance the future growth prospects of the Kyocera Group,” said Tetsuo Kuba, president. “In July 2011, we added the Denmark-based industrial cutting tools manufacturer Unimerco Group A/S as a wholly owned subsidiary, as well as the Japan-based LCD manufacturer Optrex Corporation in February of this year. These acquisitions will allow us to further expand our sales networks and enhance our business in each respective market.”
For additional information, visit http://global.kyocera.com.