Sharp’s MFP business showing recovery

May 12, 2021

The company has released its consolidated financial results for the fiscal year ended 31 March 2021.

For the reporting period Sharp recorded net sales of ¥2,425.9 billion ($22.31 billion/ €18.38 billion), a year-on-year increase of 7.2%. Operating office increased 61.5% year-on-year to ¥83.1 billion ($764 million/ €630 million).

Net sales for the 8K Ecosystem segment, which includes Sharp’s printers, were ¥1,282.9 billion ($11.8 billion/ €9.7 billion), a year-on-year increase of 11.2%. Operating profit increased 31.5% year-on-year for the business segment. Although there has been these year-on-year increases in sales and profit for the segment, Sharp does say that it has seen a decrease in MFP print volume.

Sharp added: “Our MFP and automotive display businesses, which were severely impacted by COVID-19, are trending toward recovery, and we expect these businesses to experience even greater recovery in FY2021.”

Categories : City News

Tags : Business Financials OEM Sharp