Sharp Announces Financial Results for Third Quarter
OREANDA-NEWS. Sharp Group has worked to create and strengthen sales of distinctive devices and original products that meet our customers' needs. Efforts include introducing high-definition 4K AQUOS LCD TVs, and the "Quattron Pro," which incorporates a full HD panel with high-definition capability equivalent to 4K, smartphones equipped with IGZO LCDs, solar cells mainly for the booming market in Japan, and small- and medium-size LCDs as well as high-performance camera modules for mobile devices.
As a result, consolidated financial results for the nine months recorded net sales of 2,157.2 billion yen, up 21.0% compared to the same period in the previous year, operating income of 81.4 billion yen, an improvement of 247.7 billion yen and net income of 17.7 billion yen, an improvement of 442.0 billion yen.
During the three months ended December 31, 2013, Sharp secured funds for strategic investment to accomplish the Medium-Term Management Plan and strengthen its financial foundation: a 120.3 billion yen new share issuance through a public offering and a secondary offering due to over-allotment, and a 17.4 billion yen new share issuance through third-party allotments with DENSO CORPORATION, Makita Corporation, and LIXIL Corporation.
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