Key Facts
• On August 8, Sharp announced its April-June 2025 consolidated financial results.
• Revenue fell 11.2% year-on-year to ¥472.4 billion.
• Net profit reached ¥27.2 billion, reversing a ¥1.2 billion loss from the previous year.
• Decline in sales of air conditioners and washing machines overseas contributed to revenue drop.
• Cost reductions and higher value-added products significantly improved profitability.
• Full-year profit forecast for March 2026 was revised from ¥10 billion to ¥32 billion.
• Factors include strong PC business and unanticipated foreign exchange gains.
• U.S. tariffs under the Trump administration may impact exports from Thailand.
• CEO Masahiro Okitsu emphasized efforts in pricing and cost management to mitigate challenges.
• Sharp plans to unveil a new electric vehicle concept model in October 2025, developed with parent company Hon Hai Precision Industry.
Summary
Sharp reported a significant turnaround in its April-June 2025 financial results, achieving a net profit of ¥27.2 billion compared to a ¥1.2 billion loss in the same period last year. Despite an 11.2% drop in revenue to ¥472.4 billion due to weak overseas sales of air conditioners and washing machines, cost-cutting measures and a focus on high-value products drove profitability. The company raised its full-year profit forecast for March 2026 from ¥10 billion to ¥32 billion, citing strong PC sales and unexpected foreign exchange gains. CEO Masahiro Okitsu acknowledged challenges from U.S. tariffs but expressed confidence in managing costs and pricing. Additionally, Sharp plans to reveal a new electric vehicle concept model in October 2025, developed in collaboration with its parent company, Hon Hai Precision Industry.
