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Kyocera has reported that consolidated net sales for the nine-month period ending December 31, 2011 had declined 7.5% compared to the prior period, to US$11,351 million. Profit from operations decreased by 26.2% to US$1,133 million. Sales and profits were reported to be down within its Components Business segment which includes its PV module operations, citing continued stagnation in the solar energy market with consistent erosion of prices as overcapacity continued. Kyocera noted that it has seen no sign of an improvement in a supply/demand balance.
The business environment was said to have remained difficult throughout its financial fourth quarter. Components Business segment revenue was down 34%, compared to the same period a year ago. Kyocera does not break out its PV module sales.
The company expects a continuation of the module price erosion that in FYQ4 was “beyond expectations.”
