Kyocera Corporation has announced plans to build a new manufacturing plant in Isahaya City, Nagasaki Prefecture. Accordingly, the company sees the new plant to advance further its business expansion goals.
The company has made an offer to acquire approximately 150,000 square meters (about 37 acres) in the Minami Isahaya Industrial Park. Moreover, Kyocera aims to achieve sales of ¥2 trillion in its current fiscal year (ending March 31, 2023).
At the same time, has set a long-term sales target of ¥3 trillion by the fiscal year ending March 31, 2029.
Kyocera takes note of the strong demand for components related to advanced semiconductors. For that reason, the company’s capital investment is likely to reach a record high of ¥200 billion in the current fiscal year. Kyocera plans even higher levels of investment in FY2024 and beyond, as compared to the FY2023 projection.
The company’s vision for a new plant in Isahaya City comes amid plans to increase production capacity both domestically and internationally. This as existing Kyocera campuses have little or no room to expand. The company anchored its choice of Isahaya City on many attributes necessary to optimize future business development. This includes the area’s convenient transportation options, excellent human resources, and superior local infrastructure including energy.
Kyocera believes its future growth plans can contribute to the development of the local community by revitalizing the economy of Nagasaki Prefecture and creating new employment opportunities.