Sharp's First-Half Profit Rises 79%: Japan Times

Sharp said its net profit in the April-September period surged 78.9% from a year earlier to 42.52 billion yen ($372 million), helped by rising sales of devices and increased profitability in its display business, The Japan Times reported.

Sales in the first half of fiscal 2021 rose 6.5% to 1.22 trillion yen, while operating profit advanced 31.6% to 39.02 billion yen, according to Sharp, a unit of Taiwan’s Hon Hai Precision Industry Co.

The Osaka-based company is looking to re-enter the US television market in 2022, five years after withdrawing due to poor performance. “We want to regain our reputation as a premium brand,” Katsuaki Nomura, Sharp’s president, said.

Read the full report: The Japan Times

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.