ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Japan-Update

Kyocera chief targets sales gain, AI-led productivity boost

Japanese electronics maker sees growth from new businesses, acquisitions

OSAKA -- Kyocera seeks to lift group sales by one-third to reach 2 trillion yen ($18 billion) by fiscal 2020 while boosting operating profit to at least 200 billion yen, said President Hideo Tanimoto, who also plans to double productivity with the help of artificial intelligence.

The sales target represents a 500 billion yen increase from the Japanese electronics maker's forecast of 1.5 trillion yen for the fiscal year ending in March 2018. The development of new businesses such as automotive and electronic components is expected to produce half of this growth, with acquisitions providing the rest.

"Both sales and profits have been falling, but I want to get us back on track toward growth again," Tanimoto, who took the helm in April, said Tuesday.

Kyocera also plans to spend 20 billion yen to 30 billion yen annually to bolster productivity, the president said. The Kyoto-based company will use AI in applications such as detecting flaws when designing new electronic components, as well as accelerate automation by installing robots in factories.

Though orders for electronic components show signs of picking up, much of the current recovery owes to new smartphone models, Tanimoto said. Demand for smartphone components "fluctuates a lot, but demand related to data centers, fifth-generation networks and autonomous-driving technology will remain solid," he added.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more