Sales, Profits Down for Sharp’s Fiscal Year, but Business Solutions Group’s Sales Up

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This week, Sharp Corporation of Japan reported financial results for its fiscal year that ended in March 2015, with net sales down 11.7 percent, operating income down 6.6 percent, and profits of 222.3 billion yen, down 10.4 percent, with all versus the previous fiscal year.

Note that in March 2015, Foxconn Technology Group, the parent company of Taiwan’s Hon Hai Precision Industry, took a controlling interest in Sharp for 389 billion yen ($3.5 billion U.S.) – see story here for more.

Within Sharp’s Business Solutions group, which includes copier/MFPs, business displays, and related software and supplies, sales were up 3.5 percent to 355.1 billion yen versus the previous fiscal year. However, sales of just copier/printers were down 9.9 percent to 137.0 billion yen versus the previous fiscal year.

Sales for Sharp’s Energy Solutions group and Consumer Electronics took the biggest hit among all its business groups, with sales down 42.1 percent and 17.5 percent,  respectively, with both versus the previous fiscal year.

Operating income for the Business Solutions group was up 14.4 percent to 35.8 billion yen. Sharp reported the following achievements for its Business Solution group:

  • Expanded its sales channels and released new products to increase the profit basis in its MFP business.
  • Enhanced its solutions business with a focus on MFPs and displays.
  • Improved and expanded new businesses such as robotics, where it expects market growth.

Sharp did not provide a forecast for its current fiscal year.

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