Tuesday, May 26, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Edge Browser To natively Support Dolby Audio
Smartphone Growth Expected to Slow This Year
JEDEC To Support for NVDIMM Hybrid Memory Modules
Microsoft Cortana Coming To Apple and Android Phones
NHK Showcases Latest 8K Super Hi-Vision Technologies
Charter Communications to Merge with Time Warner Cable
SanDisk Releases Z400s SSD for Mainstream PCs And Embedded Applications
Samsung Unveils Galaxy S6 edge Iron Man Limited Edition
Active Discussions
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
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.


Previous
Next
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
Sony to License Its LDAC Audio Technology
Sharp's AQUOS 4K NEXT TVs Add Subpixel To Boost Resolution To 8K
Sharp Aquos Crystal 2 And Crystal Xx Smartphones Released
Sharp Returns to Red, Announces Bailout
Sharp May Slash Capital
Optical Drive Makers Face EU Antitrust Fines
Sony launches New Xperia C4 and Xperia C4 Dual Smartphones
Camera Sensor And Playstation Sales Kepts Sony's Annual Profit High
Sony Raises Profit Forecast
Sony Unveils New Home Audio Products
Sony Xperia Z4 Smartphone Unveiled In Japan
Sony's 4K Ultra HD TV Lineup Coming In The U.S.

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .