Sharp Releases Results for First Half of Fiscal Year

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Sharp 8K TV

Sharp Corporation of Osaka, Japan, has released financial results for the first half of its fiscal year (April 1 to September 30. 2018), reporting net sales of 1,1290.0 billion yen, up 1.2 percent versus the same period a year earlier, and profits of 40.9 billion yen, up 17.8 percent versus the same period a year earlier.

Sharp’s Smart Business Solutions segment, which includes copier/MFPs and business solutions, reported net sales of 158.4 billion yen, up 2.6 percent versus the first half of the same period a year earlier. Operating profit for the Smart Business Solution segment, however, was 9.0 billion yen, down 7.3 percent versus the same period a year earlier.

Sharp’s other business segments – Smart Homes and IoT Electronic Devices – also reported an increase in net sales, although sales for its Advanced Display Systems segment were down 12.1 percent. Operating profit for Smart Homes and Advanced Display Systems was up 13.9 percent and 16.1 percent, respectively. Operating profit for IoT Electronic Devices was down 89.9 percent, with all versus the same period a year earlier.

Forecast

For its entire fiscal year, Sharp is forecasting net sales of 2,890.0 billion yen, versus 2,427.0 billion for its previous fiscal year, and profits of 80.0 billion yen, versus the 70.0 billion it reported for its previous fiscal year.

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