Kyocera told investors that sales at itsapplied ceramics division – which makes PV cells and modules – jumped by 18% to¥211.4bn ($2.14bn) in the financial year ending March.

It attributed the spike in PV demand to a flood of residentialinstallations and utility-scale projects since the July 2012 introduction ofthe FIT.

The extra demand was “due primarilyto significant solar energy business sales in Japan”, Kyocera said in astatement. 

Kyocera