Sharp Posts Higher Sales, Profit

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Osaka, Japan - Sharp Electronics reported a double-digit increase in net sales and recorded a net profit for the nine months, ended Dec. 31.

Net sales were 2.32 trillion yen, a 15 percent gain year on year, and net income was 21.8 billion yen compared with the prior year-on-year loss of 8.59 billion yen.

Sharp benefitted from the performance in its consumer/information products segment with growth in demand for Aquos Quattron LCDs, its 3D LCD TVs and, outside of the U.S. market, Blu-ray disc recorders. Also the introduction of its open source operating system for mobile phones in Japan and China was a positive, as well as its Galapagos business, which integrates proprietary terminals and network services, with an e-bookstore service as a first step.

Consumer/information products sales were 1,543.18 billion yen for the nine months, a gain of 11.2 percent over the prior year. Operating income was 65,644 billion yen, up a whopping 115.6 percent compared with the prior year.


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