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AnonymousInactiveSharp Posts Good Fiscal Year
Osaka,
Japan ‘ Sharp Electronics reported higher net sales and income for its
fiscal year, ended March 31, based on the strength of its flat-panel TV
sales and outlined its expansion plans for LCD for the upcoming fiscal
year.
Sharp
reported sales of $26.4 billion, an 11.8 percent gain over the previous
fiscal year, and net income of $858.1 million, a gain of 14.7
percent.In its financial report released yesterday, Sharp said its
consumer/information products group’s sales of what it calls
“audio/visual and communications equipment” were $11.7 billion for the
fiscal year worldwide, a gain of 26.6 percent, again due to large-scale
LCD TVs and also mobile phones. Home appliance sales were $2.02 billion
for the fiscal year, up 6.4 percent, and information equipment was $3.7
billion for the year, up 4 percent, due to digital full-color MFP sales
increases.Sharp revealed in its financial statement that it is
on track to complete the third phase of its LCD production expansion in
July, when it should “double current capacity to 60,000 sheets” of LCD
substrates per month.At the same time, the company will soon begin LCD
TV assembly at its current LCD module factory in Poland. Around the
same time a second new production plant, which will handle everything
from module production to final set assembly, will also go online in
Mexico, Sharp said.Sharp said it hopes to decide by this summer if it
will proceed with a proposed new production facility for large-size
LCDs.The company started the second phase of expansion at its Kameyama
No. 2 plant in January expanding substrate input capacity from 15,000
to 30,000 sheets per month.”With these efforts, by July 2007, we will
have developed and put in place an integrated production system at five
global bases that will be able to take full advantage of the
unparalleled production capacity of our Kameyama plant,” Sharp said in
a statement. “For the 2007 Christmas shopping season, we will be able
to provide the timely delivery of LCD TVs that offer superb quality
with outstanding cost competitiveness.”Sharp said sales of LCD
TVs were $5.17 billion, up 49.4 percent, and unit sales were 6.03
million, 1.5 times the level of the previous year.
The percentage of
models sold with screen sizes larger than 40 inches increased
dramatically in the latter half of fiscal 2006, in conjunction with the
start of operations at the Kameyama No. 2 plant, Sharp said.With this
increase, Sharp’s average selling price (the blended price for all
sizes) in the latter half of the fiscal year rose by 7 percent compared
with the first half of the year, even though retail store prices
dropped around 20 percent in the last six months.”Digital broadcasting
is proliferating around the world, and large-size LCD TVs are becoming
affordable,” Sharp said. “As a result, we anticipate worldwide demand
for LCD TVs in fiscal 2007 will grow to 72 million units, 1.5 times the
level of fiscal 2006.”Sharp said its goal for global LCD TV sales in
fiscal 2007 is to reach approximately $7.2 billion, up 38.5 percent
from the previous year, and 9 million units, up 1.5 times.”Of these, we
expect the percentage of models over 30 inches to increase to nearly 80
percent in fiscal 2007 compared with the 55 percent in fiscal 2006,”
the company said. -
AuthorMay 2, 2007 at 12:23 PM
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