Sharp has published financial report for fiscal year 2015 (April 2015-March 2016), recording consolidated revenues of JPY2,461.5 billion (US$22.6 billion), net operating loss of JPY161.9 billion and net loss of JPY255.9 billion, and Sharp's future transformation to improve business operations hinges on synergy arising from Taiwan-based Foxconn Electronics' stake investment of JPY388.812 billion for a 66.00% stake, according to Digitimes Research.
Display Device Company under Sharp, Sharp's display panel business group, generated sales revenues of JPY771.5 billion, decreasing 14.9% on year, and suffered net operating loss of JPY129.1 billion and this was mainly due to decreased shipments of LCD TV panels and smartphone-use panels, Digitimes Research indicated. Of Foxconn's stake investment, JPY200 billion is earmarked for developing OLED technology, revealing Foxconn's focus on OLED panels to mainly improve Sharp's business operations.
For Electronic Components and Devices Company, Foxconn is expected to help Sharp develop products related to IoT (Internet o Things) application. For Consumer Electronics Company, Foxconn will help Sharp tap emerging markets.