Sharp Corp, Japan's biggest maker of liquid-crystal displays, said net income in the third quarter of its business year rose 27 percent on soaring demand for flat-screen televisions and computers.
Group net income rose to ?17.8 billion (US$169 million) from ?14 billion in the same period a year earlier. Sales rose 10 percent to ?580.5 billion from ?526 billion, the company said in a statement released through the Tokyo Stock Exchange.
Flat-screen TVs and computer displays are among the best-selling products for Sharp and rivals such as Sony Corp and Samsung Electronics Co. Sharp plans to double annual sales of LCD panels for TV screens to 3 million units by March 2005.
"We like Sharp. It has a clear product focus," said Christian Takushi who helps manage about US$660 million in Japanese equities, including Sharp, at Swissca Portfolio Management in Zurich.
"The trouble is that Sharp is already recognized and a lot of fund managers are overweight," Sharp stuck to its full-year net income forecast of ?57 billion, because the yen's rise against the dollar may erode earnings.
"We left the full-year outlook unchanged because of uncertainty in the currency market," said Hiroshi Saji, Sharp's vice president, at a press conference in Osaka, western Japan. The yen has risen 5.2 percent against the dollar since Oct. 1. The company didn't say what impact the yen's increase may already have had on earnings.
"Though we're seeing some weakness in Sharp's stock price recently, it's hard to see that the stock will continue to fall when it's coming out with products that sell," said Kazunori Ohtomo, a fund manager at STB Asset Management Co in Tokyo.
"From what we're seeing in their earnings, Sharp's stock could test highs going forward," Ohtomo said.
Sharp's operating profit, or sales less the cost of goods sold and selling, general and administrative expenses, rose 12 percent to ?32.7 billion during the quarter. Operating profit at its liquid-crystal-display business rose 38 percent to ?8.3 billion, the company said.
December shipments in Japan of liquid-crystal displays used for televisions almost doubled to 242,000 units, the Japan Electronics and Information Technology Industries Association has said on its Web site.
GAINING STEAM: The scheme initially failed to gather much attention, with only 188 cards issued in its first year, but gained popularity amid the COVID-19 pandemic Applications for the Employment Gold Card have increased in the past few years, with the card having been issued to a total of 13,191 people from 101 countries since its introduction in 2018, the National Development Council (NDC) said yesterday. Those who have received the card have included celebrities, such as former NBA star Dwight Howard and Australian-South Korean cheerleader Dahye Lee, the NDC said. The four-in-one Employment Gold Card combines a work permit, resident visa, Alien Resident Certificate (ARC) and re-entry permit. It was first introduced in February 2018 through the Act Governing Recruitment and Employment of Foreign Professionals (外國專業人才延攬及雇用法),
WARNING: From Jan. 1 last year to the end of last month, 89 Taiwanese have gone missing or been detained in China, the MAC said, urging people to carefully consider travel to China Lax enforcement had made virtually moot regulations banning civil servants from making unauthorized visits to China, the Control Yuan said yesterday. Several agencies allowed personnel to travel to China after they submitted explanations for the trip written using artificial intelligence or provided no reason at all, the Control Yuan said in a statement, following an investigation headed by Control Yuan member Lin Wen-cheng (林文程). The probe identified 318 civil servants who traveled to China without permission in the past 10 years, but the true number could be close to 1,000, the Control Yuan said. The public employees investigated were not engaged in national
The zero emissions ship Porrima P111 was launched yesterday in Kaohsiung, showcasing the nation’s advancement in green technology, city Mayor Chen Chi-mai (陳其邁) said. The nation last year acquired the Swiss-owned vessel, formerly known as Turanor PlanetSolar, in a bid to boost Taiwan’s technology sector, as well as ecotourism in Palau, Chen said at the ship’s launch ceremony at Singda Harbor. Palauan President Surangel Whipps Jr and Minister of Foreign Affairs Lin Chia-lung (林佳龍) also attended the event. The original vessel was the first solar-powered ship to circumnavigate the globe in a voyage from 2010 to 2012. Taiwan-based Porrima Inc (保利馬) installed upgrades with
ENHANCE DETERRENCE: Taiwan has to display ‘fierce resolve’ to defend itself for China to understand that the costs of war outweigh potential gains, Koo said Taiwan’s armed forces must reach a high level of combat readiness by 2027 to effectively deter a potential Chinese invasion, Minister of National Defense Wellington Koo (顧立雄) said in an interview with the Chinese-language Liberty Times (sister newspaper of the Taipei Times) published yesterday. His comments came three days after US Secretary of State Marco Rubio told the US Senate that deterring a Chinese attack on Taiwan requires making a conflict “cost more than what it’s worth.” Rubio made the remarks in response to a question about US policy on Taiwan’s defense from Republican Senator John Cornyn, who said that Chinese