Key Developments: Kyocera Corp (KYO)
100.79USD
24 May 2013
$-2.77 (-2.67%)
$103.56
$100.07
$100.90
$99.63
16,356
9,483
$114.16
$77.39
Latest Key Developments (Source: Significant Developments)
KYOCERA CORP Issues Annual Dividend Forecast for FY 2014
KYOCERA CORP announced that it has issued its annual dividend forecast of JPY 160.00 per share, for the fiscal year ending March 2014. Full Article
KYOCERA CORP Issues Year-end Dividend Forecast for FY 2013
KYOCERA CORP announced that it has issued its year-end dividend forecast of JPY 60.00 per share, for the fiscal year ended March 2013. Full Article
Eastman Kodak Co Settles With Kyocera Corp In Patent Fight-DJ
Dow Jones reported that Eastman Kodak Co said it has reached a settlement with Kyocera Corp. in the companies' ongoing patent dispute. In a Monday filing with U.S. Bankruptcy Court in Manhattan, Kodak said Kyocera will drop its $80 million claim against Kodak, which will receive a payment from Kyocera for about $5 million. The two sides will drop pending patent litigation against one another, and they have agreed not to pursue any further patent fights against the other until at least three years after Kodak has exited Chapter 11. In the filing, Kodak said avoiding the costs and time of litigation will help it as it prepares to exit bankruptcy. Kyocera last July said Kodak infringed upon 22 of its patents before it filed Chapter 11 and said it was owed $80 million. Then, in early January, Kyocera filed a suit accusing Kodak of infringing on 15 patents since the bankruptcy filing, and sought damages. Kodak fought the suit, and the two began negotiations that led to the settlement filed on Monday. Patents have defined Kodak's bankruptcy, which began in January 2012. Kodak thought it could sell its digital-imaging patents for more than $2 billion, but when it became clear they'd fetch far less, the Company began selling off its businesses in earnest as well as cutting employees. All the while, Kodak has fought patent-infringement suits and countersuits in multiple courts, most notably with Apple Inc. Full Article
KYOCERA CORP Announces Changes of Chairman and President
KYOCERA CORP announced that it has appointed Tetsuo Kuba to replace Makoto Kawamura as Chairman of the Board, and has appointed Goro Yamaguchi to replace Tetsuo Kuba as President of the Company, effective April 1, 2013. Full Article
KYOCERA CORP to Transfer Business to Subsidiary
KYOCERA CORP announced that it has decided to transfer the liquid crystal display related business to a wholly owned subsidiary, KYOCERA Display Corporation, effective April 1, 2013. KYOCERA Display Corporation will merge with its wholly owned subsidiary, which is based in Hiroshima, effective April 1, 2013. Full Article
KYOCERA CORP Lowers Full-year Consolidated Outlook for FY 2013
KYOCERA CORP announced that it has lowered its full-year consolidated outlook for revenue from JPY 1,370,000 million to JPY 1,320,000 million, operating profit from JPY 118,700 million to JPY 100,000 million, ordinary profit from JPY 129,900 million to JPY 115,000 million, net profit from JPY 86,400 million to JPY 75,000 million and earnings per share from JPY to JPY for the fiscal year ending March 31, 2013. Full Article
KYOCERA CORP’s Subsidiary to Acquire Tantalum Capacitor Business from NICHICON CORP-Morningstar
Morningstar reported that KYOCERA CORP’s United States-based subsidiary will acquire tantalum capacitor business from NICHICON CORP at the price of approximately USD 86 million in 2012. Full Article
Century Tokyo Leasing Corporation and Kyocera Corporation to Establish Special Purpose Company
Century Tokyo Leasing Corporation announced that it and Kyocera Corporation will establish a special purpose company (SPC), which will be engaged in sale of electricity generated through solar power, based in Tokyo, in August 2012. Century Tokyo Leasing Corporation and Kyocera Corporation will hold an 81% and 19% stake in the SPC. Full Article
Kyocera Corporation Establishes New Company To Operate 70MW Solar Power Plant In Japan
Kyocera Corporation along with six other companies announced the completion of capital investment procedures for the establishment of Kagoshima Mega Solar Power Corporation, a new company which will be tasked with operating a 70 megawatt (MW) solar power plant in southern Japan. The new company will develop and operate the previously announced 70MW solar power plant in Kagoshima City (Kagoshima Prefecture) on land owned by IHI Corporation with the power generated to be purchased by Kyushu Electric Power Co., Inc. under the guidelines of the new feed-in tariff (FIT) program which was implemented on July 1 in Japan. The total project cost is estimated at approximately 27 billion yen (approx. 345 million USD), with seven investment companies involved (including Kyocera), and Mizuho Corporate Bank, Ltd. set to devise a financing plan for the project. Construction is set to commence in September of this year, with plans for completion by fall of 2013. The Kyocera Group will be responsible for the supply of 100% of the solar modules and part of the construction & maintenance of the system. Kyocera is the largest shareholder in the establishment of the new company. Full Article
TABLE-Kyocera -9-MTH group results (SEC)
Jan 31 - Kyocera Corp CONSOLIDATED FINANCIAL HIGHLIGHTS 9 months ended 9 months ended Year to Dec 31, 2012 Dec 31, 2011 Mar 31, 2013 LATEST YEAR-AGO COMPANY RESULTS RESULT FORECAST Sales 926.52 885.39 1.28 trln (+4.6 pct) (-7.5 pct) (+7.5 pct)
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