Kyocera Q1 Profit Climbs, Backs FY View - Quick Facts

(RTTNews) - Kyocera Corp. (KYO.L) Thursday said its first-quarter attributable profit increased to 31.575 billion yen from 19.467 billion yen in the prior year.

Earnings per share grew to 86.07 yen from 53.06 yen in the prior year.

Net sales grew to 339.25 billion yen from 334.71 billion yen reported last year. The company develops, produces, sells, and distributes industrial components, and telecommunications and information equipment.

According to the company, the economic environment in the quarter was characterized by continued demand within the automotive and consumer electronics markets, with vehicle sales maintaining particular strength in the U.S. and Europe.

Further, the firm said there is no change to the sales and profit forecasts for the year ending March 31, 2016.

The company continues to expect earnings per share of 327.10 yen and net sales of 1.60 trillion.