Kyocera Q3 Profit Increases

(RTTNews) - Kyocera Corp. (KYO) reported that its third-quarter net income attributable to shareholders increased to 30.32 billion yen from 26.43 billion yen in the previous year.

Net sales grew to 387.36 billion yen from 371.73 billion yen in the prior year.

For the fourth-quarter ending March 31, 2015, Kyocera forecasts continued strong demand for components in the industrial machinery and automotive-related markets. In addition, Kyocera expects sales in its equipment business to grow through efforts to cultivate new markets and aggressively launch new products, including mobile phone handsets and multifunctional document equipment. Conversely, sales in the solar energy-related business are projected to fall below forecasts made in October 2014, due primarily to stagnating demand as Japanese utility companies suspended grid-access applications, mainly for utility-scale solar projects.