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Sharp sees profits fall

January 31, 2019

The OEM has released its latest financial results for Q1-3 of the current financial year, with a series of decreases announced.

The nine-month reporting period, ending December 31, saw the Japanese company’s net sales fall from ¥1.83 trillion ($16.84 billion/€14.67 billion) to ¥1.77 trillion ($16.29 billion/€14.19 billion), a year-on-year decrease of 3.2 percent.

Operating profit, meanwhile, also fell, from ¥70.33 billion ($647.6 million/€564.1 million) to ¥68.24 billion ($628.4 million/€547.3 million), a 3 percent drop, and there was an even bigger drop in ordinary profit, from ¥71.1 billion ($654.7 million/€570.2 million) to ¥62 billion ($571 million/€497.2 million), a decrease of 12.8 percent.

Despite these overall downward trends, in Sharp’s Smart Business Solutions segment, sales were up, climbing 2.5 percent in Q3, year-on-year, to ¥79.2 billion ($729.4 million/€635.2 million), and 2.6 percent for Q1-3, to ¥237.7 billion ($2.18 billion/€1.9 billion).

Operating profit also rose in this segment, up to ¥5.9 billion ($54.33 million/€47.32 million) in Q3, a rise of 44.4 percent compared to the same period of last year, and up to ¥14.9 billion ($137.2 million/€119.5 million) across the nine months, a year-on-year increase of 8.1 percent.

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