Kyocera Q1 Profit Slides, Revenue Advances - Quick Facts

(RTTNews) - Kyocera Corp. (KYO) Thursday said first-quarter net income attributable to shareholders of the company declined to 19.467 billion yen from 22.651 billion yen last year. Earnings per share fell to 53.06 yen from 61.74 yen.

Net sales rose to 334.72 billion yen from 331.66 billion yen. The company develops products for the information and communications market.

From the second quarter, Kyocera expects component demand to increase among producers of digital consumer equipment, led by new smartphone introductions, as well as the proliferation of smartphones in emerging markets.

For fiscal 2015, earnings per share attributable to shareholders are expected to be 264.40 yen. The company earned 241.93 yen per share in fiscal 2014.

Net income attributable to shareholders of the company is estimated to be 97 billion yen, compared to 88.756 billion yen reported last year.

Net sales are estimated to be 1.58 billion yen, up from 1.447 billion yen generated in the prior fiscal.