The energy solutions unit’s operating income plunged 97.3% on the year to roughly ¥1m. However, its PV shipments for the first quarter of the Japanese fiscal year rose to 380MW, from 343MW a year earlier, due to strong orders for utility-scale solar projects.

Sharp is now forecasting that its energy division will record full-year sales of ¥290bn, down 33.9% from its original forecast.

The