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Kyocera Corp. has announced its consolidated financial results for the first quarter of fiscal year 2011 (the three months ended June 30, 2010). The period brought a substantial improvement in the business environment compared to the previous first quarter. This is due to increased demand for components and successful product launches in the mobile phone business, according to the company. As a result, consolidated net sales jumped by 38.9% to ¥313,175 million (approximately $3,559 million), compared with ¥225,401 million (~ $2,108 million) in the previous first quarter.
Efforts to enhance profitability in each business segment produced measurable results as well. Profit from operations amounted to ¥40,603 million (~ $461 million), up ¥46,175 million (~ $431 million), from a loss of ¥5,572 million (~ $52 million) in the previous first quarter. Income before income taxes totaled ¥46,323 million (~ $526 million), up ¥45,620 million (~ $426 million) from ¥703 million (~ $6 million) in the previous first quarter. Net income attributable to shareholders of Kyocera Corp. amounted to ¥29,893 million (~ $340 million), up ¥30,353 million (~ $283 million) from a loss of ¥460 million (~ $4 million) in the previous first quarter.
For more information, visit http://global.kyocera.com.