Sharp on the 7th revised down its consolidated net profit forecast for the fiscal year ending March 2027 to 25 billion yen, a 47.3% decline from the previous year. The previous forecast was 42 billion yen. The revision reflects rising raw material costs amid worsening conditions in the Middle East. The operating profit forecast was also lowered by 38.2% to 30 billion yen, with higher resin and fuel prices accounting for a 10 billion yen headwind and a weaker yen contributing a 9 billion yen headwind. The assumed exchange rate was revised from 156 yen to 160 yen per dollar.
Sharp CorporationRising raw material costs (resin, fuel) due to Middle East conditions cut profit forecast.
