Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Sharp Jumps After Forecasting Profit to Double on Panels

Sharp Corp President Kozo Takahashi
Kozo Takahashi, president of Sharp Corp., center, speaks to members of the media following a news conference in Tokyo, Japan, on Monday, May 12, 2014. Takahashi said yesterday demand from Chinese smartphone manufacturers for its high-end screen technology was poised to increase. Photographer: Akio Kon/Bloomberg

Sharp Corp. rose the most in seven weeks after forecasting profit would more than double as demand for its display technology used in high-end smartphones grows.

Sharp climbed 5 percent, the most since March 24, to 272 yen at the close in Tokyo trading. The Osaka-based company yesterday forecast net income will rise to 30 billion yen ($293 million) in this fiscal year from 11.6 billion yen in the 12 months ended March.

Sales of Sharp’s IGZO display technology, which consumes less power than conventional panels, will more than double by March, according to a company presentation. President Kozo Takahashi said demand from Chinese smartphone manufacturers for the company’s high-end screen technology was poised to increase.

The company raised 137.7 billion yen last year through public and secondary offerings, including stock sales to Makita Corp., Denso Corp. and Lixil Group Corp., according to an earnings statement on Feb. 4.

China’s ZTE Corp. said in November it will use Sharp’s IGZO displays for a new flagship mobile phone model.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.