Higher Total Sales for Sharp’s First Quarter, but Declining Copier/MFP Sales

Foxconn’s Sharp Corporation of Japan reported results for its first fiscal quarter that ended on June 30, 2017, with net sales rising 19.6 percent year-over-year to ¥506.4 billion ($4.5 billion U.S.), but sales of copier/MFPs declining, both versus the first quarter of the previous fiscal year .

Sharp says it enjoyed double-digit growth due to sales, cost reductions, and model-mix improvements, which resulted in improved operating profits that totaled ¥17.1 billion ($154 million)) compared to an operating loss for first quarter of its previous fiscal year.

However, sales for Sharp’s Smart Business Solutions segment declined by 6.9 percent to ¥72.1 billion ($650 million U.S.) versus the first quarter for the previous fiscal year. This was despite a good sales performance by signage-related products in Sharp’s visual-solutions segment. However Sharp says there was “sluggishness” in the MFP market.

Sharp did not change its fiscal 2017 earnings forecasts that it announced on May 26, 2017.

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