Kyocera Corp announced FY17 result with net sales of ¥1,422.7 billion ($12.7 billion) and net income of ¥103.8 billion ($927.0 million), resulting in a net profit margin of 7.3%. Both the net sales and the net profit declined compared to last year by 3.8% and 4.8% respectively.
The company attributed the sluggish performance to sales contraction in Solar Energy and Telecommunication Equipment segments and unfavorable currency exchange fluctuations.
The FYQ1 result indicated net sales of ¥408.1 billion ($3.6 billion) and net income of ¥32.9 billion ($295.0 million), resulting in a net profit margin of 8%. Net sales increased marginally by 5.6% on a yearly basis while the net income declined by 33.4%.
The guidance for FY18 result indicates net sales at ¥1,500.0 billion ($13.4 billion) with net profit margin of 7%.
