Sharp returns to profitability after structural reforms

Sharp Corporation reported a net profit attributable to owners of parent of JPY36.095 billion, a substantial turnaround from the JPY149.980 billion net loss in the previous fiscal year. The improvement was driven by the halting of panel production at Sakai Display Products Corporation, the sale of assets related to LCD panel plants, and a focus on strengthening the Brand Business. Net sales decreased by 7.0% year-on-year to JPY2.160 trillion, reflecting lower sales in the Device Business. Operating profit improved to JPY27.338 billion, compared to an operating loss of JPY20.343 billion in the previous year. The company forecasts net sales of JPY1.850 trillion and a profit attributable to owners of parent of JPY10.000 billion for the fiscal year ending March 31, 2026. Sharp plans to reorganize its Brand Business into two groups to improve profitability and growth potential, and will transfer shares of Sharp Fukuyama Laser Co., Ltd. to Hon Yuan International Investment Co., Ltd. in September 2025.