Kyocera sees solar sales boost

Kyocera’s group net income jumped roughly 69% on the year to ¥‎42.9bn yen ($437m) in the six months to the end of September, primarily due to strong sales of its solar panels.

The Kyoto-based company raised its full-year PV panel shipment target from 1GW to 1.2GW, underscoring strong demand for solar modules since Japan’s July 2012 introduction of a feed-in tariff for renewable energy projects.

Kyocera’s group net sales jumped 15% on the year to ¥699.7bn, with strong PV demand offsetting a sales decline in its core digital consumer products business.

“The solar energy market in Japan grew significantly compared with the previous first half, due primarily to strong growth in demand in the public and commercial sectors,” the company said in an online statement.

Last month, Kyocera agreed to team up with trading firm Mitsui and the renewables unit of telecoms giant SoftBank to build a 19.6MW solar plant in Osaka.