>>> Sharp sees H1 EPS of (JPY 50.78) vs 2.80 last year -- lowers H1 rev guidance

Sharp sees H1 EPS of (JPY 50.78) vs 2.80 last year -- lowers H1 rev guidance to JPY 1.27 trillion from JPY 1.30 trillion prior vs JPY 1.327 trillion last year

  • Co also lowers FY16 revenue guidance to JPY 2.7 trillion vs 2.8 trillion prior guidance vs 2.786 trillion last year.
  • Operating results downturned from the previous announce, due to sales decline and further drop in the market price from intensified competition in small- and medium- size LCDs for the smartphone business in the Chinese market.
  • Sharp Group intends to announce the forecast of net income attributable to Sharp Corporation, once it becomes possible to make a reasonable estimate of the impact on consolidated financial statements arising from materialization of structural reforms currently under consideration or in progre