HALISTER1: Kyocera Climbs as Mizuho Sees Growth on Management Efforts

Kyocera Climbs as Mizuho Sees Growth on Management Efforts

(Bloomberg) -- Mizuho raises earnings forecasts and PT on results for year ended March 2017, analysts led by Fumihide Goto write in report Tuesday.
  • Profits improved more than expected in 2H of FY; external environment was better, but management efforts are also beginning to pay off
  • Co. has been working to reinforce internal collaboration, which had been a problem under its “Amoeba Management” approach
  • Substantial scope for synergies given broad- ranging portfolios of products, customers; potential for earnings improvement medium term
  • Raises to buy from neutral, PT 7,300 yen from 6,400 yen
  • Shares climb as much as 3.3%, most since June 2; trading volume ~60% of 3-month full-day avg
  • 3 buys, 12 holds, 3 sells; avg PT 6,400 yen: Bloomberg data
--With assistance from Hiroyuki Sekine. To contact the reporter on this story: Yuko Takeo in Tokyo at ytakeo2@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net Naoto Hosoda

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
6971 JP (Kyocera Corp)

People
Fumihide Goto (Mizuho Securities Co Ltd)

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