Higher sales of its PV modules in the US failed to offset weak demand in the Japanese solar market, it said in an online statement.
In addition, it partly attributed the lower net profit to a decline in income from the revaluation of deferred tax assets and liabilities, in line with recent changes to the Japanese taxation system.
Revenue from its applied ceramics unit, which makes PV modules and other products, dropped 11% on the year to roughly ¥247.5bn.
The
