Sharp Corporation reported revenue of ¥435.2 billion, operating profit of ¥8.2 billion and net profit of ¥3.1 billion for the first quarter of the fiscal year ending March 2027, representing substantial declines in both revenue and profit. The after-hours PTS trading price has been around ¥649.
Sharp Corporation announced in its financial results summary for the first quarter of the fiscal year ending March 2027 that revenue fell 7.9% year on year to ¥435.2 billion, operating profit declined 46.3% to ¥8.2 billion, and profit attributable to owners of the parent fell 88.6% to ¥3.1 billion. The full-year operating profit forecast is ¥30 billion, indicating a challenging outlook. Although there is scope to improve the revenue mix and profitability, caution is warranted regarding the earnings outlook presented at the beginning of the fiscal year.
According to data published on the same day, the after-hours PTS price remained around ¥649 and also moved relative to the Tokyo Stock Exchange closing price. Specifically, the reported after-hours trading data included a last price of ¥649, an opening price of ¥648.9, a high of ¥649, trading volume of 200 shares and trading value of ¥130 thousand. The data is based on after-hours trading information from J-Market, operated by ジャパンネクスト証券.
The key takeaway from the results is that the decline in profit was pronounced alongside the decrease in revenue, while the downward revision to the full-year forecast leaves the path to a recovery in profitability uncertain. Depending on the market’s reaction, reviews of the capital structure and cost structure could affect future earnings.