KYOCERA Announces Business Collaboration Agreement with AZUMI Co., Ltd.Tokyo, Japan, June 22, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Kyocera Corporation yesterday executed a business collaboration agreement with AZUMI Co., Ltd. for expansion of its jewelry business. Kyocera commenced its jewelry business in 1975, and in about 30 years since then, it has developed a jewelry business that includes sales of recrystallized jewels called "Inamori Stones", natural diamonds and pearls in Japan and overseas. In Japan, it has engaged in the sale of jewelry products under its own brand and has also supplied jewelry products to AZUMI as an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and supplier. Under this new business collaboration, Kyocera will gain the ability to sell its jewelry products through AZUMI's extensive sales network, consisting of 185 retail shops, and will be able to cover a broader range of the market than is currently possible. It will be able to establish a sales and service system that will make possible access to a wider range of customers, and, taking advantage of such system, Kyocera aims to raise its status in the domestic market. About AZUMI AZUMI's headquarters is located in Nagoya. AZUMI was incorporated in 1970 and has developed its business principally through operation of mass merchandising outlet store An outlet store or factory outlet is a retail store in which manufacturers sell their stock directly to the public through their own branded stores. The stores can be can be brick and mortar or online. chains. It is the largest company in the market in the Chubu Area and also has expanded its business in the Kanto and Kansai Areas. It changed its name to AZUMI Co., Ltd. in September 2004, aiming for dynamic business development to further raise its corporate value. For the fiscal year ended March 2006, AZUMI's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight amounted to 16.7 billion yen, and recurring profit amounted to 1.5 billion yen. About Kyocera Corporation Kyocera Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6971; NYSE NYSE See: New York Stock Exchange : KYO), one of the global companies, was founded in 1959 as a producer of advanced ceramics. By combining engineered ceramic materials with metals and plastics, and integrating them with other technologies, Kyocera Corporation has become a leading supplier of semiconductor packages, electronic components, industrial ceramics, telecommunications equipment, optical instruments, laser printers, copiers and solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. systems. During the year ended March 31, 2006, Kyocera Corporation's consolidated net sales totaled approximately JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,181,489 million with net income of approximately JPY 69,696 million. For more information, please visit www.kyocera.co.jp. Source: Kyocera Corporation Contact: Masumi Sakurai Corporate Communications KYOCERA Corporation Tel:+81-(0)75-604-3416 Fax:+81-(0)75-604-3516 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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