TOKYO For the 2005 fiscal year ended March, Japan-based Sharp Corp. reported record high sales of ¥ 2,797 billion ($24.3 billion), up 10 percent from the previous year. The operating profit of ¥ 164 billion ($1.4 billion) and net profit of ¥ 89 billion ($774 million) were also record highs.
Sharp attributed the results to LCD TV sales growing by 33 percent from the year before. Sales of mobile phones rose 11 percent; electronics devices grew 19 percent; CCD and CMOS imagers grew 15 percent; and solar cells rose 35 percent.
For the 2006 fiscal year, "In all aspects from sales, operating profit to net profit, we aim at record high results for the fourth straight year," said Hiroshi Saji, chief general administration officer. Sharp projects sales exceeding ¥ 3 trillion ($26 billion) and the net profit surpassing ¥ 100 billion ($870 million), for the first time in Sharp's history.
The Kameyama No. 2 plant, the first 8th generation fab using 2160x2400 glass substrates, is slated to begin operating in October. The fab will add a monthly capacity of 120,000 units (counted by 45-inch panels) initially and ramp toward 720,000 by 2008.
Sharp expects that the plant will help boost its total LCD TV output in 2006 to 6 million units-- 2.4 million in Japan and 3.6 million overseas, up 50 percent from 4 million in 2005.
"At present, 32-inch panels for TVs are slightly oversupplied. But panels of 37-inch and larger are in short supply and will be tighter in the summer when manufacturers begin production of TVs for year-end sales," said Saji.
Sharp is considering accelerating ramp-up of the Kameyama plant to meet year-end sales demand.