KYOCERA CORP S/ADR - KYOCY STOCK NEWS

Kyocera Corporation has launched an innovative Automotive Night Vision System designed to enhance road safety by identifying collision risks in low-visibility conditions, such as rain or fog. This system combines RGB-NIR sensors and proprietary Image-Fusion AI Technology for superior object recognition capabilities. The global market for such systems is projected to grow at a CAGR of over 16.5% from 2020 to 2027, indicating promising growth potential for Kyocera's technology. The company's commitment to R&D aims for commercialization post-2027.

Kyocera Corporation has announced its FY23-H1 results, reporting a record sales revenue of JPY 1,012,172 million (USD 6,980 million), a 15.5% increase from the previous year. Despite challenges like raw material cost spikes and supply chain disruptions, profits rose slightly, with operating profit up 1.1% to JPY 76,488 million. Key growth areas included 5G and semiconductor components. However, the Communications unit saw a sales decline, and significant one-time litigation costs impacted profits. Outlook remains cautious due to global economic instability.

Kyocera Corporation has announced the construction of a new production facility at its Kagoshima Kokubu Campus in Japan to boost the production of multilayer ceramic capacitors (MLCCs). This move is in response to strong market demand, particularly from sectors like 5G technology and electric vehicles. Construction is set to start in February 2023, with operations beginning in May 2024. The project has an investment of approximately 15 billion yen (around USD 111 million) and is expected to generate annual production worth 10-20 billion yen by FY2026.

Kyocera Corporation reported strong financial results for FY23-Q1, with sales revenue increasing by 16.9% year-over-year to JPY 491,954 million (USD 3,591 million). Operating profit rose 28% to JPY 41,428 million (USD 302 million), while profit before income taxes increased by 26.1% to JPY 68,711 million (USD 502 million). The favorable impact of a weak Japanese yen contributed significantly to these results, resulting in higher profits. Despite ongoing global challenges, Kyocera maintained its full-year forecasts unchanged, highlighting resilience in sectors such as 5G and semiconductors.

KYOCERA Corporation and SHISEIDO Company have collaborated on a new cosmetic product, The Luminizing Face Enhancer, featuring Precious Opal Powder. Set to launch in July 2022, this innovative face enhancer incorporates Kyocera's Kyoto Opal, marking the first use of synthetic opals in cosmetics. Developed after more than a decade of joint research, the product promises a unique 360-degree glow. Kyocera aims to enrich lives with its eco-friendly gemstone synthesis technology, continuing its commitment to beauty and innovation.

KYOCERA Corporation is showcasing its innovative technology at the Automotive Engineering Exposition 2022 in Yokohama, Japan, from May 25 to 27. The focal point is the new "Road Vehicle Cooperation System" designed for safe autonomous driving, enhancing vehicle and infrastructure communication. Key exhibits include Smart V2I Roadside Units and FIR Camera systems that improve driving safety and visibility. The event also features demonstrations of autonomous vehicles and new visibility technologies aimed at reducing blind spots. This showcases KYOCERA's commitment to advancing mobility technology.

Kyocera Corporation reported consolidated financial results for the fiscal year ending March 31, 2022, showing significant growth. Sales revenue reached a record JPY 1,838,938 million, up 20.4% year-over-year. Operating profit jumped 110.8% to JPY 148,910 million, while profit before income tax rose 69.2% to JPY 198,947 million. Profit attributable to owners increased 64.5% to JPY 148,414 million. The company aims for JPY 2 trillion in sales for FY23, driven by demand in 5G and semiconductor sectors, amidst ongoing challenges in the global economy.

Kyocera Corporation announced plans to build its largest manufacturing facility in Japan, located at the Sendai Plant Campus in Kagoshima. The new facility aims to meet the rising demand for semiconductor packages used in automotive and communication technologies. Construction is set to begin in May 2022, with a projected opening in October 2023. This expansion is expected to increase production capacity for organic semiconductor packages by 4.5 times and create significant employment opportunities in the region.

Kyocera (TOKYO:6971) announces a partnership with Microsoft to integrate the Walkie Talkie application within Microsoft Teams on its DuraForce Ultra 5G and DuraSport 5G smartphones. These rugged devices, optimized for frontline workers across various industries, feature a dedicated Push-to-Talk button for instant communication. The Walkie Talkie app is free for Microsoft 365 subscribers, enhancing productivity by enabling secure communications in harsh environments. The smartphones meet MIL-STD-810H standards and are equipped with features suitable for demanding work conditions.