Loss for Sharp’s Second Half, but Business Solutions’ Sales Up 3.8 Percent

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Sharp Corporation of Osaka, Japan, has reported financial results for the six months ended September 30, 2015, reporting a net loss of 83.6 billion yen and net sales down 3.6 percent, both versus the same six months a year ago. However, for the six-month period, sales for Sharp’s Business Solutions group, which markets copier/MFPs and business solutions, sales totaled 172.3 billion yen, up 3.8 percent versus the six months a year ago, and consistent with Sharp’s forecast.

Operating income for the Business Solutions group for the first half was 16.7 billion yen, up 5.2 percent versus the first six months of 2014. Sales of copier/printers for the first half totaled 78.2 billion yen, up 5.2 percent versus the previous year.

Sharp says the loss was due to lower demand for smartphone display panels in China, where anxiety over an economic slowdown is occurring. Sharp may be discussing selling its display-panel business, and has reportedly been negotiating a sale with Hon Hai Precision Industry and its Japan Display.

More Resources

August 2015: Sharp Reports Net Loss of $274 Million; MFP Sales Steady; Will Exit TV Business in Americas

May 2015: Banks to Provide Sharp with $1.7 Billion Bailout, Layoffs in the Works, Reports Loss for Fiscal Year

May 2015: Sharp Said to be Seeking Financial Assistance from Government-Backed Fund

April 2015: Sharp Says it Currently has No Plans to Spin-Off LCD Business

March 2015: Sharp to Cut Some 6,000 Jobs from Global Workforce as Part of Restructuring

February 2015: Sharp Falters with Latest Financial Results, but MFP Business Sees Gains

January 2014: Sharp Sells U.S. HQ in Mahwah, but Will Lease Site to Stay There

November 2014: Sharp Reports Profitable Fiscal Half-Year; Forecasts Higher Sales for Full Year

August 2014: Sharp Reports Smaller Loss for Quarter, On Track for Profit for Full Year

May 2014: Sharp Returns to Profitability After Two Years of Losses

February 2014: Strong Third Quarter for Sharp; Raises Net Sales Forecast for Full Year

September 2013: Sharp Corporation Reports Substantial Loss for Fiscal Year; MFP Business Relatively Even

 

 

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