Kyocera Corp announces sales up with 10.1 percent profit

Kyocera Corp has announced that sales revenue for fiscal 2023 increased by 10.1 percent but profit fell due to factors including increases in costs for raw materials, energy and logistics. The company launched its widely acclaimed FOREARTH inkjet textile printer aiming at eliminating ‘virtually all water usage from fabric printing’. During the year ended March 31, 2023, global economic growth slowed due to persisting economic instabilities caused by interest rate hikes in global economies, rising uncertainty regarding the global situation and continuing inflation etc, according to a source.

During the year ending March 31, 2024 (fiscal 2024), the unstable global situation and economic environment is expected to continue. With respect to our major markets, namely the semiconductor-related, automotive-related and smartphone markets, demand adjustments are expected to continue for the time being. However, the expectation of Kyocera is that the environment to gradually improve from the latter half of the six months ending September 30, 2023. Kyocera will continue to increase production capacity and expand production mainly for components for semiconductor-related markets to further expand the Core Components Business and the Electronic Components Business.