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Kyocera fiscal Q1 profit climbs 99.0% YOY

Kyocera Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥78.96 per share, an increase of 98.6% from ¥39.77 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥29.04 billion, an increase of 99.0% from ¥14.59 billion in the prior-year period.

The normalized profit margin rose to 8.4% from 4.6% in the year-earlier period.

Total revenue rose 7.9% year over year to ¥345.16 billion from ¥319.99 billion, and total operating expenses grew from the prior-year period to ¥314.00 billion from ¥307.43 billion.

Reported net income increased 100.4% from the prior-year period to ¥34.98 billion, or ¥95.13 per share, from ¥17.46 billion, or ¥47.57 per share.

As of Aug. 10, US$1 was equivalent to ¥109.48.