Results for the Three Months Ended June 30, 2010
Harsh business environments continued during the first quarter of fiscal 2010. Although there was a steady movement toward recovery in Japan and abroad, financial turmoil erupted in Europe and the yen continued to appreciate in value. Amid these circumstances, we worked aggressively to increase sales of LCD TVs, which are built around Sharp’s original, one-of-a-kind LCD technologies, and mobile phones as well as health- and environment-related products, such as solar cells and home appliances equipped with Plasmacluster Ion technology.
As a result, despite a significant appreciation of the yen compared to the same period last year, Sharp was able to achieve dramatic improvements in both sales and profits.
For the three months ended June 30, 2010, net sales were 741.6 billion yen, up 24.0% from the same period last year.
Operating income was 22.5 billion yen, a significant improvement of 48.5 billion yen compared to the operating loss of 26.0 billion yen recorded in the same period last year.
Net income was 10.6 billion yen, an improvement of 35.8 billion yen compared to the net loss of 25.2 billion yen recorded in the same period last year. The restructuring charges of 9.6 billion yen posted in the same period last year were not incurred this quarter.
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