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Kyocera Plans New Manufacturing Plant in Japan’s Nagasaki Prefecture by 2026
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Kyocera Corporation has announced plans to build a new manufacturing plant in Isahaya City, Nagasaki Prefecture, aiming to create up to 1,000 jobs. The company has offered to acquire approximately 150,000 square meters in the Minami Isahaya Industrial Park. Kyocera targets JPY 2 trillion in sales for the fiscal year ending March 31, 2023, with a long-term goal of JPY 3 trillion by fiscal 2029. Capital investment is expected to hit a record JPY 200 billion in FY2023, driven by strong demand for advanced semiconductor components.
Positive
Plans to build a new manufacturing plant in Isahaya City, which will create up to 1,000 jobs.
Targeting sales of JPY 2 trillion for the fiscal year ending March 31, 2023, with a long-term goal of JPY 3 trillion by March 31, 2029.
Capital investment reaching a record high of JPY 200 billion in FY2023.
Negative
None.
Company envisions up to 1,000 jobs in Isahaya City as other sites near full capacity
KYOTO, JAPAN--(BUSINESS WIRE)--
Kyocera Corporation(President: Hideo Tanimoto; hereinafter, “Kyocera”) today announced plans to build a new manufacturing plant in Isahaya City, Nagasaki Prefecture, to advance its business expansion goals. The company has made an offer to acquire approximately 150,000 square meters (about 37 acres) in the Minami Isahaya Industrial Park.
Kyocera aims to achieve sales of JPY 2 trillion in its current fiscal year (ending March 31, 2023) and has set a long-term sales target of JPY 3 trillion by the fiscal year ending March 31, 2029. The company’s capital investment is expected to reach a record high of JPY 200 billion in the current fiscal year, mainly due to strong demand for components related to advanced semiconductors. Kyocera plans even higher levels of investment in FY2024 and beyond, as compared to the FY2023 projection.
The company’s vision for a new plant in Isahaya City comes amid plans to increase production capacity both domestically and internationally, at a time when existing Kyocera campuses have little or no room to expand. The choice of Isahaya City was based on many attributes necessary to optimize future business development, including the area’s convenient transportation options, excellent human resources, and superior local infrastructure including energy.
Kyocera believes its future growth plans can contribute to the development of the local community by revitalizing the economy of Nagasaki Prefecture and creating new employment opportunities.
Outline of Land Acquisition
Name
Minami Isahaya Industrial Park
Location
Oguri District, Isahaya City, Nagasaki Prefecture, Japan
Total area
Approx.150,000 square meters
Operation to begin
2026
Products to be made
To be announced, after components business demand analysis.
Employment
New plant could ultimately require up to 1,000 employees
Kyocera Corporation (TOKYO:6971, https://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, smart energy systems, printers, copiers, and mobile phones. During the year ended March 31, 2022, the company’s consolidated sales revenue totaled 1.8 trillion yen (approx. US$15.1 billion). Kyocera is ranked #665 on Forbes magazine’s 2022 “Global 2000” list of the world’s largest publicly traded companies, and has been named among “The World’s 100 Most Sustainably Managed Companies” by The Wall Street Journal.
