Kyocera’s Diversified Portfolio and Better Use of Cash Enable Steady Cash Flow Growth
While Kyocera’s June quarter total operating income of JPY 37 billion was generally in line with our forecasts, the segments were somewhat mixed, as follows: 1) Electronic components and devices came in above our forecast, driven by robust demand from autos, semiconductors, and industrials; 2) ceramic packages were weaker than expected because of the inventory adjustment; and 3) despite the restructuring progress, handsets and solar panels recorded an operating loss, as demand was weaker than an...
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