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Kyo: Kyocera Corporation
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Kyocera Corporation (NYSE:KYO) (“Kyocera;†President: Makoto Kawamura) today announced that it has reached a definitive agreement with SANYO Electric Co., Ltd. (“SANYOâ€) to acquire SANYO’s mobile phone business. The agreement was approved by both companies’ boards of directors today and is planned to become effective April 1, 2008.
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Kyocera Corporation (NYSE: KYO) 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 energy systems, telecommunications equipment, semiconductor packages, electronic components, cameras, laser printers and copiers. During the year ended March 31, 2000, the companies' net sales totaled 812 billion yen (US$7.9 billion) with net income of 50 billion yen (US$489 million). Kyocera Corporation has been recognized by IndustryWeek magazine as one of "The World's 100 Best-Managed Companies."
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Kyocera Corporation (NYSE: KYO - News), 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 telecommunications equipment, semiconductor packages, electronic components, cameras, laser printers, copiers, solar energy systems and industrial ceramics. During the year ended March 31, 2006, Kyocera Corporation's consolidated net sales totaled approximately US$10 billion (1,181,489 million yen) with net income of approximately US$596 million (69,696 million yen).
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