Kyocera Corp. recently announced its consolidated financial results for the fiscal year ended March 31, 2011. Despite the impact of the yen’s appreciation during fiscal 2011, every reporting segment achieved year-on-year sales and profit increases, due mainly to stronger demand in the information and communications markets, and efforts to enhance profitability. Consolidated net sales increased 18% over the previous fiscal year to ¥1,266,924 million (~ $15,264 million).
Profit from operations increased 144.2%, to ¥155,924 million (~ $1,879 million); income before income taxes increased 183.5% to ¥172,332 million (~ $2,076 million); and net income attributable to shareholders of Kyocera Corp. increased 205.4% to ¥122,448 million (~ $1,475 million) compared to the 2010 fiscal year.
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