Kyocera sees sales, profit rise in first half of fiscal year

first_imgKyocera sees sales, profit rise in first half of fiscal yearAn absence of revenue from large-scale solar projects for the public and commercial sectors resulted in declining sales and profit for the Japanes congolomerate’s Applied Ceramic Products division. Japan remains the group’s main market. October 30, 2014 Edgar Meza Finance Installations Manufacturing Markets Markets & Policy Share Japanese electronics and ceramics giant Kyocera on Wednesday posted a 2.1% increase in half-year revenue to JPY 714.3 billion ($6.5 billion) while net profit climbed 1.7% to JPY 43.6 billion ($400 million). The Kyoto-based conglomerate attributed the revenue hike in the first six months of its current fiscal year through September to increased sales in its Semiconductor Parts Group and the Information Equipment Group. Kyocera also saw demand grow in its principle digital consumer equipment market, particularly for smart phones and in the automotive segment around the globe. However, Kyocera said first-half profit fell as a result of decreased earnings at its Applied Ceramic Products Group, which reflected a decline in product selling prices, particularly in the solar energy segment. The Applied Ceramic Products Group saw overall sales drop compared with the previous first half. The company said the division was hit by an “absence of sales contributions from large-scale solar projects for the public and commercial sectors recorded in the previous first half.” Applied Ceramic Products Group operating profit likewise fell compared with the previous first half due to a decline in solar module prices, the company added. New consumption tax, subsidy cuts slow solar business Kyocera noted that growth in the Japanese solar energy market “slowed considerably due mainly to the impact of the consumption tax rate increase and the end of government subsidies supporting solar power generation systems for residential use.” Japan remained the company’s largest overall market, accounting for 41.4% of overall sales in the first half of 2014, followed by the rest of Asia, which accounted for 19.9%, Europe (18.1%) and the United States (16.1%).Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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