By Brian Publicover in Tokyo
Wednesday, January 29 2014
Third-quarter net sales in the Kyoto-based conglomerate’s applied ceramics division – which makes PV cells and modules, among other items – soared roughly ¥17bn from the preceding three-month period to ¥ 68.3bn.
Its operating profit jumped about ¥3.4bn on the quarter to approximately ¥8bn, mainly due to strong solar demand in its home market.
Kyocera raised its full-year, group net sales forecast by 11.7% on the year to ¥1.4trn, as growing demand for solar panels in Japan will likely offset its sagging smartphone and digital-camera business. It ramped up its net-sales forecast for its applied ceramics division by 28.2% to ¥2.6bn.
In November, Kyocera and a group of companies started running a 70MW PV plant in Kagoshima prefecture, southern Japan, which it said is the nation’s biggest yet.
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