Kyocera Net Profit Jumps 52%

Japan’s largest electronics component maker Kyocera Corp said its net profit in the year to March 2006 (FY05) surged 52 pct and it expects a further improvement this year thanks to a turnaround in demand for digital consumer products. Kyocera also pointed to a major improvement in profitability at its US cellular phone handset-making unit, Kyocera Wireless.  

“After the profit downturn that hit the first quarter (to June last year) profits have been quickly rebounding in line with the fast-paced recovery in demand for our components used in digital consumer products, as well as in PCs and cellular phones,” Kyocera managing officer for finance Masakazu Mitsuda told a media conference. Continue>>