AVX, a US Subsidiary of KYOCERA, to Change its Name to "KYOCERA AVX Components Corporation"

Kyocera Corporation (President: Hideo Tanimoto, hereinafter; "Kyocera") and AVX Corporation (CEO: John Sarvis, hereinafter; "AVX") today announced that AVX, a consolidated subsidiary of Kyocera, has changed its corporate name to "KYOCERA AVX Components Corporation" as of October 1, 2021.

Furthermore, the company will now use the new business brand, "KYOCERA AVX," and unify sales organizations in the U.S. and Europe to enhance sales capabilities, as announced in April of this year.*

Under the new company name, KYOCERA AVX will further promote organizational integration and effective use of management resources, including manufacturing and development, to strengthen Kyocera Group's global business for electronic components and pursue further sales expansion worldwide.

*Kyocera plans to unify sales organizations in Japan, China, and other Asian countries in April 2022 (or later).

Outline of the new company

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Current Name	New Name
AVX Corporation	KYOCERA AVX Components Corporation

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Address	Fountain Inn, South Carolina, U.S.A.
Representative	John Sarvis, Chairman, CEO, and President of AVX Corporation [Managing Executive Officer, Executive General Manager of Electronic Components Business, KYOCERA Corporation]
Business	Manufacture and sale of electronic components, including connectors, capacitors, and sensors
Consolidated net assets	US $2,425,661,725 (as of 31 March, 2021)
Established	1972
Employees	Approximately 14,700
Number of manufacturing sites	USA: 6 sites / Europe : 13 / Asia 12
Number of sales offices	USA: 2 sites / Europe : 9 / Asia : 11