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.
