Kyocera’s Profit Jumps on Solar Products, Electronic Devices
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Kyocera Corp., a Japanese electronics and solar-panel maker, said annual profit jumped 34 percent, buoyed by photovoltaic products and devices such as smartphones and tablets.
Net income rose to 88.8 billion yen ($869 million) for the year ended March 31, from 66.5 billion yen a year ago, the Kyoto-based company said in a statement today. The result beat the 84.5 billion yen forecast previously by Kyocera. Revenue rose 13 percent to 1.45 trillion yen.