Kyocera Corp. said Thursday its consolidated net profit in the first half of the business year to Sept. 30 fell 64.1 percent from a year earlier to 19.1 billion yen due to sluggish demand for information technology products.
The Kyoto-based ceramics manufacturer said group pretax profit in the April-September period came to 35.38 billion yen, down 64.9 percent from the same period last year, on sales of 520.38 billion yen, down 13.9 percent.
It blamed its weakening performance on the global slump in IT-related industries such as mobile telecommunications devices and personal computers.
The company said sales of electronics devices in the first half fell 35.6 percent to 122.61 billion yen.
The firm will pay an interim dividend of 30 yen per share, the same as a year earlier.
For the full year, Kyocera projects group net profit at 38.5 billion yen, down 82.5 percent, and group pretax profit at 70.5 billion yen, down 82.4 percent, on sales of 1.05 trillion yen, down 18.3 percent.