Ceramic Industry

KYOCERA Announces 31% Increase in First Half Sales

November 17, 2010

KYOCERA Corp. has announced its consolidated financial results for the first half of fiscal year 2011. Net sales increased 31.7% to ¥637 billion (~ $7 million), and operating profit increased 823% from the six months ended September 30 to ¥81.8 billion (~ $997 million) and 48.6% from the second half of the 2010 fiscal year. This was due to increased demand for components, as well as the launch of new equipment products such as mobile phone handsets.

While the yen is expected to appreciate further, and uncertainty persists regarding global economic trends for the six months ending March 31, 2011, the company reports that it expects consolidated sales and profit to exceed the previously announced forecasts due to rising demand for components used in applications including digital consumer equipment and industrial machinery, as well as increased sales of telecommunications equipment..

For more information, visit http://global.kyocera.com.