Kyocera Corp (ADR) (NYSE:KYO)
CAPS Rating:
The Company is engaged in numerous high-tech fields, from fine ceramic components to electronics devices, equipment, services and networks.
Growing the love for investing
The Company is engaged in numerous high-tech fields, from fine ceramic components to electronics devices, equipment, services and networks.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
Kyocera completed its fiscal 2007, with a strong performance. Revenues registered a 9% rise to Y1.283 trillion, as a result of higher sales from the ceramics, semiconductor, electric devices, information equipment and other segments due to the improved conditions in Japanese economy. The net income before discontinued operation also followed the growing path, rising 53% to Y101.33 billion. The bottom-line growth can be primarily attributed to top-line growth higher gain on the sale of securities, further backed by improvement in operating margin and higher interest income.
The company recently announced plan to boost its solar cell production to 500 MW per year in 2010. For the production enhancement, the company will reinforce bases in Japan, US, Europe and China, investing a total of about Y30 billion, which will increase the production threefold to tap in the rapid demand for solar cells. Kyocera is also currently evaluating a potential joint development with Smith Micro’s for Wireless resource compression solution for selected Kyocera mobile phones slated for release in 2008, which has a potential to make Kyocera’s handsets to the big league of Nokia and Motorola.
The ongoing improvement in Japan and US economy are likely to have a positive impact on Kyocera’s fortunes. Besides, the rapid surge observed in various growing market, will also act as an important revenue driver. Going ahead, though price based competition is likely to mount, the demand for digital consumer equipment, including mobile phone handsets, PCs, videogame consoles is set to be the catalyst for top-line growth. Moreover, Kyocera is on the verge to increase its capital investment by more than 20%, which will aid the future prospect of the company. Further considering, huge range of expected new products, improved balance sheet and industry outlook, Kyocera appears a decent investment for the longer term prospective.