LCD TVs Boost Sharp Overseas CE Biz Sales 4.1%
By Jeff Malester -- TWICE, 10/26/2005
Osaka, Japan — Sales of LCD color televisions increased 40.2 percent in the fiscal first half at Sharp, rising to $1.6 billion, from $1.1 billion in the year-ago period. At the same time, overseas sales in Sharp’s audio/visual and communication equipment product group, which includes LCD TVs and other consumer electronics, rose 4.1 percent to $1.6 billion from a year-earlier $1.5 billion.
Total sales in Sharp’s A/V group for the first six months, ended Sept., climbed 11.5 percent to $4.5 billion, compared with $4 billion year-on-year, as the company benefited from increases in sales of large-size LCD models and mobile phones. Mobile phone sales came in at $1.9 billion for the first half, an 8.7 percent rise over the $1.8 billion recorded in the first half of last year.
Overseas sales in the information equipment group were up 5.3 percent in the first half, hitting $947.3 million, compared with $960 million last year. This business was primed by a 5.5 percent increase in first half sales of copiers/printers, which reached $539.7 million in the six months, up from $511.9 million the previous year.
Overseas sales of Sharp’s consumer/information products business, which includes CE, jumped 4 percent, reaching $3 billion, up from a year-ago $2.8 billion. Total first-half business for consumer/information products moved up 7.2 percent to $7.2 billion from the prior year’s $6.8 billion.
Overseas sales in the company’s LCD group increased 13.3 percent in the first half, rising to $1.6 billion, due to solid sales growth of large-size LCD-TV panels, up from $1.4 billion last year.
Overseas sales of the company’s electronic components business, which includes LCD panels, moved up 13.1 percent in the first six months, reaching $2.7 billion, compared with $2.4 billion in the first half of last year. Total electronic components business enjoyed a 4.7 percent jump to $4.4 billion from a year-earlier $4.2 billion.
Sharp’s overseas sales to the Americas dropped to $1.6 billion in the first six months, down from $1.7 billion, with operating profit in this region coming in at $9.8 million, down from $11.1 million year-on-year.
Consolidated fiscal first-half sales at Sharp increased 6.2 percent, hitting $11.6 billion, from $10.9 billion in the same period in 2004. Sales benefited from increasing demand for flat-panel TVs, namely its LCD contribution. The company did not break out any financial number for its fiscal second quarter.
However, consolidated operating dipped 3.2 percent in the first half, to $652.4 million, from $674.2 million, and net income was off 7.2 percent to $317.2 million from a year-earlier $341.7 million. The earnings slide was mainly attributed to slowing sales of small LCD panels and falling prices for flash memory and image sensor chips.
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