Sharp’s solar operations reduce losses on restructuring and domestic sales boost

Facebook
Twitter
LinkedIn
Reddit
Email

Sharp Corporation reported PV product sales of 55.9 billion yen for its FYQ3 2012, up 9.4% compared to the previous quarter.

The company said that the increase in revenue for solar products was primarily due to increased demand within Japan that had included the domestic, commercial and utility-scale markets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Continued restructuring of its solar manufacturing operations, notably it’s a-Si thin-film manufacturing resulted in a decline in quarterly losses for its solar segment.

Sharp reported a loss of 1.9 billion yen (US$21 million) in FY 3Q 2012, compared to a loss of 5.3 billion yen in Q2 and a 6.2 billion yen loss in the same quarter a year ago.

The company reiterated that it had reduced its global headcount by about 5,400 from March, 2012.

However, Sharp said that it was “reviewing our sales and production bases in Japan and overseas.”

Revised guidance

 

Based on operational improvements in growing sales, management have revised full-year guidance for its solar operations. The company expects sales to be around 245.0 billion yen with an operating loss of 11.0 billion yen.

Management said that its ‘solar solutions’ business would expand and strengthen in the future on the back of strong and continued demand in Japan.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA