Sharp Corp, Japan’s largest LCD maker, stated operating profit may possibly rise 23 percent this year as the organization boosts earnings from LCD and solar panels.

Operating profit may boost to ?97 billion (US$1.two billion) within the year ending March 31 from ?78.9 billion a year earlier, the Osaka-based company stated inside a statement yesterday.

Sharp expects profit from its LCD business will acquire 87 % to ?32 billion as growing demand for smaller panels employed in mobile devices tends to make up for slower sales of large-sized panels, the firm mentioned.

Profit from solar panels might practically quadruple to ?8 billion since of rising demand in Japan, Sharp stated.

Income may possibly rise 0.9 percent to ?3.05 trillion inside the 12 months began April 1 from ?three.02 trillion a year earlier, as outlined by the statement.The company resumed operations at its two largest LCD factories in Japan on Could 16 after suspending them since of a shortage of materials stemming from the March 11 earthquake and tsunami.

Separately, the Nikkei Shimbun reported yesterday that Sharp is in talks to kind an LCD components venture with Hon Hai Precision Market Co (????), which may be setup as early as this year.

The report stated Sharp and Chimei Innolux Corp (????), a Hon Hai subsidiary, aim to create a joint venture this year to procure glass substrates, color filters along with other elements employed in producing LCD panels for TVs.

Sharp president Mikio Katayama declined to comment on the report.