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Kyocera Announces Q1

KYOTO, Japan — Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its consolidated financial results for the fiscal year ended March 31, 2011 (“fiscal 2011”), as summarized below. Complete details are available at: http://global.kyocera.com/ir/financial/f_results.html.

Summary of Consolidated Financial Results
Despite the impact of the yen's appreciation during fiscal 2011, every reporting segment achieved year-on-year sales and profit increases, due mainly to stronger demand in the information and communications markets, and efforts to enhance profitability. Consolidated net sales increased 18.0% over the previous fiscal year (“fiscal 2010”), to JPY1,266,924 (USD15,264) million.

Profit from operations increased 144.2%, to JPY155,924 (USD1,879) million; income before income taxes increased 183.5%, to JPY172,332 (USD2,076) million; and net income attributable to shareholders of Kyocera Corporation increased 205.4%, to JPY122,448 (USD1,475) million compared to fiscal 2010.

Although production was temporarily suspended at Kyocera's manufacturing facilities in Japan's Tohoku and Kanto regions after the Great East Japan Earthquake of March 2011, the impact on business results for fiscal 2011 was insignificant.

Read the full press release.

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