OREANDA-NEWS. Sharp Corporation announced its consolidated financial results for the first quarter ending June 30, 2013,

As a result, consolidated financial results for the three months recorded net sales of 607.9 billion yen, an in crease of 32.6% compared to the same period in the previous year, operating income of 3.0 billion yen, achieving surplus for three consecutive quarters from the third quarter in the year ended March 31, 2013, and net loss of 17.9 billion yen.

As for the 360.0 billion yen syndicated loan due in June 2013, thanks to continuous support from financial institutions, we secured an agreement for an extension with our main banks, Mizuho Corporate Bank, Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as well as other participating banks. In addition, we have made an agreement with two main banks on an additional borrowing facility of 150.0 billion yen to prepare for the redemption of the 20th unsecured convertible bonds with subscription rights to shares, due in September 2013.

Sales of Digital Information Equipment for the three months ended June 30, 2013, were 158.9 billion yen, up 18.5% compared to the same period in the previous year. Sales of LCD TVs exceeded last year’s figure in Japan, China, emerging countries, although sales in the Americas and Europe were sluggish. Sales of mobile phones also increased, due mainly to sales growth in smartphones incorporating IGZO LCDs.

Sales of Health and Environmental Equipment were 82.2 billion yen, up 5.2%, due mainly to increased sales of air conditioners and air purifiers.

Sales of Solar Cells were 84.3 billion yen, an around twofold increase. This was due mainly to a sales increase in Japan centering on residential use, as well as industrial use, such as mega-solar power generation projects.

Sales of Business Solutions were 77.6 billion yen, up 20.1% compared to the previous year. This was due mainly to robust sales of color MFPs in Japan and overseas as well as information displays in the U.S.

As a result, sales of these four product groups comprising Product Business were 403.2 billion yen, up 26.4%.