March 15, 2021
For the third quarter of fiscal year 2020, Sharp recorded overall net sales of ¥673.4 billion ($6.17 billion/ €5.17), a year-on-year increase of 6.3%. Operating profit rose by 21.3% year-on-year to ¥32.3 billion ($296.17 million/ €248.24 million).
Net sales for the 8K Ecosystem segment, which includes Sharp’s printers, were ¥337.9 billion ($3.1 billion/ €2.59 billion), a 4.2% increase year-on-year. Profit for the third quarter in the segment was recoded at ¥7.4 billion ($68 million/ €57 million).
Sharp said that although it still was feeling the impact of COVID-19 and experienced “component bottlenecks” it saw steady progress in profit recovery, although there was a decrease in MFP print volume.
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