KYOCERA Forms Group to Maximize North American Revenue Growth with Licensing and Acquisitions
SAN DIEGO--August 16, 2011--Kyocera International, Inc. announced today that it has established a North American Business Development Services and Planning function. The group will be led by Mr. Thomas H. Bliss, Jr., who joined the company in May, bringing over 20 years and $25 billion in transaction experience. Under the leadership of Mr. Bliss, the new group will focus on maximizing revenue growth through holistic business development, technology licensing, cross-selling and acquisitions.
The group will work closely with the company’s global headquarters, Kyocera Corporation, which has market capitalization of 1,559 billion yen (about $19.2 billion), and cash and equivalents of 262 billion yen (about $3.2 billion).1
Kyocera International, Inc., with six wholly-owned subsidiaries, is the North American headquarters and holding company for Kyoto, Japan-based Kyocera Corporation.
Kyocera Corporation (NYSE:KYO, http://www.kyocera.com), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of advanced ceramics. By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of solar power generating systems, telecommunications equipment, printers, copiers, electronic devices, semiconductor packages, cutting tools and industrial components. During the year ended March 31, 2011, the company's net sales totaled 1,267 billion yen (approx. $15.3 billion), with net income of 172 billion yen (approx. $2.1 billion).2 Kyocera is ranked #604 on Forbes magazine’s 2011 “Global 2000” listing of the world’s largest publicly traded companies.
1 At June 30, 2011 (exchange rate: 81 yen to the dollar).
2 Exchange rate: 83 yen to the dollar.