Kyocera profits on solar strength

The 70MW Kagoshima plant with Sakurajima, an active volcano, in the background

Kyocera's 70MW Kagoshima plant with Sakurajima, an active volcano, in the background

Kyocera’s group net profit spiked 33.5% to ¥88.8bn ($868.3m) in the fiscal year to 31 March, partly due to strong demand for its PV modules in Japan.

The Kyoto-based conglomerate’s operating profit grew 56.8% to ¥43.7m, from ¥76.9m in the previous fiscal year.

Sales in its applied ceramics unit – which produces PV modules, among other items – jumped 29% on the year to ¥272.8bn.

It attributed the division’s strong sales to “remarkable growth” in Japan’s utility-scale and commercial PV segments.

The company did not disclose how many PV modules it shipped for the year.

Last November, when it started running a 70MW PV plant in southern Japan’s Kagoshima prefecture, it raised its full-year shipment target from 1GW to 1.2GW.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine