Buoyed by the sales of its Aquos LCD TV range, Sharp has announced record profits for the 2005 fiscal year, which ended in March.
Sales are up 10 per cent on last year, at 2,797 billion Yen, delivering an operating profit of 164 billion Yen and a net profit of 89 billion Yen.
Everything, from CMOS imagers to solar cells, are on the up, but the stellar performers are LCD TV (up 33 per cent) and phones (11 percent). The Corporation is predicting even bigger growth for 2006, with a sales target of 3 trillion Yen.
The brand intends to ship 6 million screens by the end of the year, 2.4 million of which are for its local Japanese market.
The company’s 8th generation Kameyama No. 2 plant, will begin producing 2160×2400 glass substrates in October, at a rate of 120,000 45inch panels a month. By 2008, Sharp says this will rise to 720,000. Like its rivals, the race is on to increase production of larger panels, as the 32 inch TV market gets increasingly over-supplied.