Kyocera Goes on Offensive with Record Investment

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Japanese electronics maker aims to boost sales to $18 billion in a few years

By SHUNTARO FUKUTOMI – KYOTO — Kyocera is going on the offensive with an eye toward achieving 2 trillion yen ($18.37 billion) in group sales in a few years, budgeting record outlays for capital investment and research and development in the current fiscal year.

The Kyoto-based electronics maker will spend 170 billion yen on plants and equipment and 90 billion yen on R&D in fiscal 2021 through March 2022 to meet strong demand for its parts and to reinforce new businesses, such as 5G wireless technology and collaborative robots.

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SOURCE Nikkei Asia

KYOCERA Announces Consolidated Financial Results for Year Ended March 31, 2021