Sharp 36% over profit decrease Copier toner sales fell due to increased work from home August 5 18:43
Sharp has just announced its financial results for the three months to June, and the final profit has decreased by more than 36%. The main reason for this is that the number of companies that have introduced work-at-home has increased due to the spread of the new coronavirus, and sales of toner for copiers have fallen.
Sharp held a press conference on the 5th and announced its financial results for the three months from April to June.
As a result, sales increased 0.4% from the same period of the previous year to 5172 billion yen, and the final profit decreased 36.6% to 7.9 billion yen.
Sales of cooking appliances, TVs, and air purifiers were favorable because the number of people spending their time at home increased due to the spread of infection.
However, the number of companies that have introduced telecommuting has decreased, and with fewer opportunities to use copiers in the office, toner sales have fallen sharply.
In addition, due to sluggish automobile sales worldwide, sales of liquid crystal displays used in car navigation systems also decreased, leading to a decline in profits.
After a press conference, Katsuaki Nomura told the press, “If the new coronavirus had no effect, we could have increased sales and profits, but making excuses would not change. I want to continue."