Monday, October 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Pay with Google Speeds Up Checkout
Tesla Said to Set up China Plant
ASUS VivoBook E203 Windows 10 S Laptop Now Available for $229
Sony Releases 7.42 Effective Megapixel Stacked CMOS Image Sensor for Automotive Cameras
DVDFab Debuts 4K Ultra HD Copy Software
Razer Unveils New Broadcasting Camera and Microphone
Microsoft's Cortana Gets Into Smart Speakers Market With Harman Kardon Invoke
Samsung, LG Electronics are Lagging in Autonomous Car Race
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 > General Computing > Sharp R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, February 03, 2017
Sharp Raises Forecast After Reporting Profit For First Quarter


Sharp has lifted its full-year profit guidance after posting its first quarterly net profit in over two years as the Japanese liquid crystal display maker pressed ahead with cost-cutting measures under the ownership of Taiwan's Foxconn.



The net loss will reach 37.2 billion yen ($329 million) in the year ending March 31, the Osaka-based company reported on Friday. That's narrower than the company's previous forecast for a 41.8 billion yen shortfall.

"Except for the solar business, all of our operations are profitable," Executive Vice President Katsuaki Nomura said in a briefing in Tokyo on Friday. "Decision making has sped up under new management and so has the pace of balance sheet improvement."

Sharp's shares have more than tripled in value since August, when Taiwan's Foxconn Technology Group bought control of the struggling Japanese electronics maker. Tai Jeng Wu, who took over as Sharp's president in August, is making headway in overhauling the liquid-crystal display business, which reported an 11 billion yen profit in the latest quarter. He will next need to address losses in Sharp's solar-panel operations and reverse a decline in consumer electronics sales.

The company cited restructuring efforts for the revised outlook, saying cost reductions added 62.2 billion yen to the bottom line in third quarter.

Net income was 4.2 billion yen in the three months ended Dec. 31. Operating income was 18.8 billion yen in the quarter, compared with the prediction for 13.2 billion yen.

Sharp also benefited as production cutbacks by Korean rivals in LCD panels for television sets fueled an industry-wide shortage of panels and pushed up market prices.



Previous
Next
Acer's New UltraWide QHD FreeSync Monitor Launches In The U.S.        All News        Samsung Looks At Japanese Murata for S8 Batteries
Qualcomm and TDK Launch of Joint Venture     General Computing News      Acer Sees AI As An Oportunity To Diversify From Computers

Get RSS feed Easy Print E-Mail this Message

Related News
Sharp Releases the AQUOS 8K in Japan, China, Taiwan, and Europe
Sharp Sees Collaboration With Japan Display
Sharp Sues Hisense over 'Shoddily' Made TVs
Sharp's President Confirms US Panel Plant Plan
Sharp To Invest $1 billion in SoftBank's Tech Fund
Cost Cuts Start Paying Off For Sharp
Foxconn To Help Sharp Return To IT Equipment Business: report
Sharp's New 70-inch 8K HDR Display Is Relatively Lightweight And Power-efficient
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Foxconn To Buy Majority Shares Of Sharp's Sakai Display Products
Sharp to Return To The European TV market With UMC Acquisition

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .