Ube Industries Ltd (TYO:4208) and Kyocera Corp. (TYO:6971) have agreed to form a JV with the aim of expanding their operations around ceramic filters for 5G base stations. To initiate this, Kyocera will acquire a 51 percent share in Ube Electronics Ltd. (UEL), a wholly owned subsidiary of Ube Industries. Kyocera and Ube Industries will then establish a JV under...
Ube Industries (TYO:4208) announced results for the first nine months of the fiscal year ending March 2016, showing sales of 482 billion yen ($4.28 billion), increasing 2 percent. Profit on operations was 31.3 billion yen, an increase of 118 percent. Ordinary income was 30.1 billion yen, up 117 percent. Net profit grew substantially by 275 percent to 19.2 billion yen.
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