Kyocera: Kyocera 9-month Profit Declines Despite Increased Sales

Kyocera Corporation ( KYO ), a Japanese ceramics and electronics manufacturer, Wednesday reported profit before tax of 162.756 billion yen for the 9-month period ended December 31, 2022, lower than 163.103 billion yen in the same period a year ago, on higher expenses. Net profit declined to 118.783 billion yen or 330.96 yen per share from 119.833 billion or 331.34 yen per share last year. Sales for the 9-month period, however, increased 12.6% to 1,526.497 billion yen from 1,355.665 billion yen in the previous year. Looking forward to the full year, the company expects sales revenue to increase 8.8% to 2,000 billion yen. Net profit for the year is expected to decline 16.4% to 124 billion yen or 345.49 yen per share. For comments and feedback contact: [email protected] Business News Biotech Stocks Facing FDA Decision In February 2023 Biotech stocks Facing FDA Decision in January 2023 Biotech Stocks Facing FDA Decision In December 2022 Covid-19 Remains An International Emergency: WHO FDA Advisors Propose To Replace Primary COVID Shots With New Bivalent Shots U.S. Covid Metrics Signal Ease In Pandemic US Covid Deaths Rise By 78% In 2 Weeks 78% Increase In US Covid Deaths In A Fortnight Most Read Most Emailed