Kyocera Announces Consolidated Financial Results for Year Ended March 31, 2024
While orders recovered in the company’s key automotive components market, the semiconductor- and information & communication-related markets continued to struggle with inventory adjustments, leaving the recovery incomplete.
- While orders recovered in the company’s key automotive components market, the semiconductor- and information & communication-related markets continued to struggle with inventory adjustments, leaving the recovery incomplete.
- Consolidated profits declined also, due mainly to lower production capacity utilization rates caused by reduced orders, as well as an increase in labor expenses and other costs.
- Nonetheless, the company continued proactive capital investment to allow production expansion as recovery occurs in the future.
- Three Months Ended March 31,