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Sharp sales up 3.3% YoY

Sharp sales up 3.3% YoY

November 4, 2022

The company has released its latest consolidated financial results for the first half and second quarter of fiscal year 2022.

For the first half Sharp recorded net sales of ¥1,257 billion ($8.63 billion/ €8.81 billion) a 3.3% increase year-on-year (YoY). But operating profits were affected by the weakening of the yen and resulted in a decrease of 93.8%, to ¥2.4 billion ($16.24 million/ €16.59 million).

Net sales in the first half year for the 8K Ecosystem segment, which includes Sharp’s printers, were up 7% year-on-year, at ¥295.4 billion ($2 billion/ €2.04 billion).

Net sales for the second quarter were up 14.7% year-on-year at ¥695.8 billion ($4.71 billion/ €4.81 billion). For the period the 8K Ecosystem segment recorded net sales of ¥155.6 billion ($1 billion/ €1.1 billion), up 12.3% year-on-year.

Sharp said that MFP business rose substantially in Europe, the Americas, Japan and other regions and that its smart office business saw significant growth.

Categories : City News

Tags : Business Financials OEM Sharp

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