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MarketScreener Homepage  >  Equities  >  Tokyo  >  Kyocera Corp    6971   JP3249600002

KYOCERA CORP

(6971)
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KYOCERA : to Strengthen Open Innovation in AI and IoT with New Research Center

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08/06/2019 | 08:10am EDT

Yokohama, Japan research center will focus on new business development for IoT, AI, robotics, and autonomous vehicles

Kyocera Corporation (TOKYO:6971) announced the opening of the new Minato Mirai Research Center in Yokohama, Kanagawa Prefecture, Japan. The center was created with the aim of promoting open innovation and the development of new business and technologies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190806005338/en/

Kyocera’s Minato Mirai Research Center in Yokohama, Japan (Photo: Business Wire)

Kyocera’s Minato Mirai Research Center in Yokohama, Japan (Photo: Business Wire)

Kyocera operates three research and development facilities around the Tokyo metropolitan area which focus on software and systems for the telecommunications, automotive, and environmental & energy industries. Recognizing the importance of technological development in these fields, the company established the Minato Mirai Research Center in order to integrate resources of the current three facilities and encourage new business creation and R&D related to IoT, artificial intelligence (AI), robotics and autonomous driving.

The location of Minato Mirai will help encourage open innovation, and ultimately new business development, as Kyocera staff are able to collaborate and share information with people around the world. Minato Mirai, which means “harbor of the future,” is a seaside urban area of central Yokohama that attracts a wide range of businesses, from small startups to large enterprises with advanced technologies, making it ideal for an open innovation approach.

The building includes two co-creation spaces ― “Creative Fab” on the first floor and “Innovation Square” on the sixth floor ― which have been arranged for the purpose of encouraging the creation of new ideas through meetings with business partners both inside and outside the company.

“Expansion of our current businesses and creation of new businesses are necessary for the Kyocera Group to reach its target of 2 trillion yen in sales by March 2021. In addition to reducing our operating costs by doubling productivity and revising inefficient processes, we hope to create synergies between each business section inside the company and accelerate joint projects with outside partners to develop new businesses,” commented Hideo Tanimoto, President of Kyocera Corporation, at the opening ceremony. “Taking advantage of Minato Mirai’s unique business ecosystem, we will also focus on promoting open innovation,” Tanimoto continued.

Overview of the Minato Mirai Research Center

Name

Minato Mirai Research Center

Total floor space

10,770m2

Location

3-7-1 Minatomirai Nishi-ku Yokohama-shi Kanagawa 220-0012 Japan

About KYOCERA

Kyocera Corporation (TOKYO:6971) (https://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, solar power generating systems, printers, copiers and mobile phones. During the year ended March 31, 2019, the company’s consolidated sales revenue totaled 1.62 trillion yen (approx. USD14.6 billion). Kyocera appears on the “Derwent Top 100 Global Innovators 2018-19” list by Clarivate Analytics and is ranked #655 on Forbes magazine’s 2019 “GLOBAL 2000” list of the world’s largest public companies.


© Business Wire 2019
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Financials (JPY)
Sales 2020 1 663 B
EBIT 2020 147 B
Net income 2020 133 B
Finance 2020 608 B
Yield 2020 2,53%
P/E ratio 2020 17,4x
P/E ratio 2021 15,5x
EV / Sales2020 1,04x
EV / Sales2021 0,90x
Capitalization 2 330 B
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 7 464,71  JPY
Last Close Price 6 430,00  JPY
Spread / Highest target 36,9%
Spread / Average Target 16,1%
Spread / Lowest Target -2,02%
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Managers
NameTitle
Hideo Tanimoto President & Representative Director
Goro Yamaguchi Chairman
Masahiro Inagaki Senior Executive Officer, General Manager-R&D
Shoichi Aoki Director & General Manager-Business Administration
Robert E. Whisler Director
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