According to Japanese media reports, Sharp showed its final profitability from April 2012 to March 2013: the combined net loss is likely to reach a record high of 540 billion yen, which is higher than Sharp's original self-estimated 450 billion yen.
According to the report, Sharp’s net loss in the previous year was much higher than expected, mainly due to the additional recognition of losses in the LCD panel business and the slimming of the European business.
Sharp is expected to announce the reduction of the scale of European LCD TV and solar cell business operations in the medium-term plan announced on the 14th, and focus on growth markets such as Southeast Asia. According to the report, Sharp's European revenue in the previous year was reduced by 28.6% to 200 billion yen, and it is estimated that the net loss transcript will be paid for the second consecutive year.
In addition, Sharp plans to expand the range of applications for Indium Gallium Zinc Oxide (IGZO) panels from the current mobile device field (small size products) to the TV field (large size products).
Sharp has already produced a small amount of IGZO panel products for display. In order to stabilize the capacity utilization of LCD panel manufacturers, Sharp plans to expand the application target of IGZO panels to the TV field (initially, 32-inch products will be mainly used). Reinvigorating the performance of the sluggish company by expanding the highly profitable IGZO panel products.
According to the report, Sharp’s net loss in the previous year was much higher than expected, mainly due to the additional recognition of losses in the LCD panel business and the slimming of the European business.
Sharp is expected to announce the reduction of the scale of European LCD TV and solar cell business operations in the medium-term plan announced on the 14th, and focus on growth markets such as Southeast Asia. According to the report, Sharp's European revenue in the previous year was reduced by 28.6% to 200 billion yen, and it is estimated that the net loss transcript will be paid for the second consecutive year.
In addition, Sharp plans to expand the range of applications for Indium Gallium Zinc Oxide (IGZO) panels from the current mobile device field (small size products) to the TV field (large size products).
Sharp has already produced a small amount of IGZO panel products for display. In order to stabilize the capacity utilization of LCD panel manufacturers, Sharp plans to expand the application target of IGZO panels to the TV field (initially, 32-inch products will be mainly used). Reinvigorating the performance of the sluggish company by expanding the highly profitable IGZO panel products.
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