Sunday, March 18, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Suspends Data Analytics Firm Which Worked on the Trump Presidential Campaign
Standalone Oculus Go Headset Could Debut Next Month
Qualcomm Director Paul Jacobs to Exit Qualcomm Board
Samsung Galaxy S9 and S9+ Go On Sale
Samsung in Talks With Boeing to Bring Mobile Tech To Planes
Samsung's Galaxy S9 Said to Use Chinese Optical Parts
Facebook Lite to Come in the U.S. and Elsewhere
Android Wear Becomes Wear OS by Google
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Sharp F...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 01, 2012
Sharp Forecasts Full-year Loss, Sony Posts Small 2Q Profit

Struggling TV maker Sharp increased its full-year operating loss forecast to 155 billion yen ($1.94 billion) and estimated its full-year loss forecast to 450 billion yen. Sony saw a small a small opertaing profit in the second quarter and kept its full-year profit guidance.

During the six months ended September 30, 2012, the Japanese economy saw signs of a partial recovery in company profits. However, overall conditions remained extremely severe, due to such factors as yen exchange rate appreciation and ongoing deflation. Overseas economy showed a risk of a downward swing due mainly to a European financial crisis, deceleration of growth in United States and a slowdown in the growth of China and of emerging countries, where economies had been steadily developing.

Amid these circumstances, the Sharp Group strengthened selling original devices such as high-definition LCDs and high-efficiency monocrystalline solar cells, as well as products incorporating Plasmacluster Ion technologies. The company also implemented several measures to reinforce business foundations. It worked to achieve a proper inventory level, improve financial strength by reducing fixed assets, fixed expenses (mainly personnel expenses) and off-balance large-size LCD business, as well as secure working capital by concluding a borrowing facility of 360.0 billion yen with main financing banks. However, the company's business environment continued to be severe, due to drastic price drops of products and devices, production delay of new small- and medium-size LCDs in the company's the Kameyama Plant, and worse than expected drop in sales of LCD TVs in Japan and China.

To overcome these circumstances, Sharp said it would restructure business further, aiming to be "a life style creating company" and institute measures to reinforce business foundations, generating cash flows by decreasing expenses including personnel expenses such as calling for voluntary retirement and cutting salaries, setting proper inventories, selling assets and reducing capital investments. Sharp will also secure the necessary credit line, supported by financial institutions.

Sharp said it expects to post an operating profit in the current October-March second half, after losing 168.9 billion yen ($2.11 billion) in the first half year.

Sony booked a small operating profit in the second quarter helped by the sale of a chemicals business that offset weak demand for its TVs and other devices, and it kept its full-year profit guidance.

July-September operating profit of 30.3 billion yen ($379 million) compared with a 1.64 billion yen loss a year ago.

The company recently completed the sale of its chemical business to state-backed Development Bank of Japan for 58 billion yen.

Sony stuck to its forecast for a full-year operating profit of 130 billion yen ($1.63 billion).

But Sony said it expects to sell fewer of its hand-held PSP and Vita consoles this year--10 million--than it previously estimated. It also cut its forecasts for sales of its TV sets--to 14.5 million--and compact digital cameras--to 16 million--but kept its PlayStation home console sales estimate at 16 million.

Data Storage Institute Launches 5mm Hybrid Hard Disk Drive        All News        TSMC Says Quad Patterning Could Be Needed For 10nm
Japan Display Showcases 4.5-inch OLED Panel At FPD     Consumer Electronics News      AUO Reveals 65-inch 4K IGZO TV Panel Technology

Get RSS feed Easy Print E-Mail this Message

Related News
New Sony a7 III 24MP Full Frame Mirrorless Camera Retails For Less Than $2,000
Sony's New Xperia XZ2 Supports 4K HDR Video Recording
Sony to Build Taxi-hailing System
New Sony Back-Illuminated CMOS Image Sensor Enables Global Shutter Function
Sony Announces Pricing for X900F and X850F Series 4K HDR Ultra HD TVs
Music and TV Sales Fuel Sony's Record Third Quarter Profit, Hirai to Step Down
Sharp TV Sales Lift Company's Profit
Sony to Showcase New Creative and Technological Concepts at SXSW 2018
iPhone Assembler Hon Hai to Get OLEDs from Sharp
CES: Sony Presents New OLED TVs, Audio Products, Robot Car Image Sensors
Sony Unveils new Selfie Xperia XA2 and Xperia XA2 Ultra Smartphones
Sony Revives the AIBO Robot Dog

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .