Sharp Corporation’s Operating Profit for Nine Months up 270 Percent
The Nikkei Asian Review reports that Sharp Corporation’s operating profit for the nine months ended in December 31, 2017 look to “have soared 270 percent” versus the same period a year earlier to around 70 billion yen ($640 million U.S.), supported by earnings improvement in liquid-crystal display business.
Additionally, sales for the three quarters are estimated to have risen about 20 percent to roughly 1.8 trillion yen. Sharp Corporation of Osaka, Japan, is said have seen sales growth for mid-size LCD panels used for tablet computers, as well as sales growth for televisions, especially overseas, particularly in China.
Back in October 2017, Sharp , reported financial results for the six months ending September 30, 2017, with net sales of 1.1 billion yen, up 21.3 percent, versus the same period a year earlier, and net income of 52.43 billion yen, versus a loss of 162.95 billion yen versus the same period a year earlier.
Sharp – which, in 2016, Foxconn Technology Group purchased a controlling interest in for $3.5 billion – said that its net sales and profits outperformed its forecast announced in May 2017, with net sales up sharply (21.3 percent) and profits back to “pre-Leham levels” – apparently referring to the 2008 global financial crisis.
- December 2017: Sharp National Dealer Meeting: Foxconn Benefits, Smart Office, Smart MFPs, Smart Meetings, and More
- October 2017: Sharp Reports Higher Sales for Latest Six Months, Raises Profit Forecast
- August 2017: Higher Total Sales for Sharp’s First Quarter, but Declining Copier/MFP Sales
- May 2017: Sales Down for Sharp’s Year, but Improvement in Operating Income, Second Half
- February 2017: Sharp Posts Profit for First Time in Two Years, but Copier/MFP Profit, Sales Decline
- November 2016: Smaller Loss for Sharp’s Six Months, but Revenues Decline
- October 2016: Sharp’s Albregts Promoted to President and CEO of Sharp Electronics
- August 2016: Sharp Moving U.S. Headquarters from Mahwah to Smaller Building in Montvale, NJ
- August 2016: Foxconn’s Tai Jeng Wu is New President and CEO of Sharp Corporation
- August 2016: Sharp Posts Loss for Quarter, Business Solutions Group’s Sales Down 3.8 Percent
- July 2016: Nakayama is New President of Sharp Business Solutions Company
- May 2016: Sales, Profits Down for Sharp’s Fiscal Year, but Business Solutions Group’s Sales Up
- March 2016: Foxconn to Invest Billions of Yen in Sharp’s Business Solutions Group