KYOCERA announced their consolidated financial results for Q1, the three months ended 30 June 2017.
Revenue from sales of industrial and automotive components, semiconductor components and electronic devices increased during Q1 due to rising demand from producers of automobiles, communications infrastructure equipment and smartphones.
Revenue from Document Solutions expanded as well following the launch of new products and sales promotion activities. As a result, consolidated net sales for the three months ended 30 June increased by ¥25,177 million ($225 million/ €191 million), or 7.9 percent up compared with the same period of the previous year.
Profit from operations increased 154.0 percent, to ¥31,167 million ($278 million/ €243 million) due mainly to stronger sales and continued cost reduction efforts. Income before income taxes increased 98.6 percent.
Forward looking, Kyocera makes no change to the sales and profit forecasts for the year ending 31 March 2018 that it announced on 1 May 2017, since these strong Q1 results are in line with the original projections as a whole.
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