Solar delivers for Japan's Sharp

Sales at Sharp’s solar division jumped 80% to ¥168.3bn ($1.7bn) in the first six months of the current fiscal year compared to the last, as residential and utility-scale PV demand continued to soar in Japan.

Sharp said its solar business experienced a “significant improvement” due to strong demand in Japan’s “booming” solar market, supported by July 2012's launch of a government feed-in tariff (FIT).

The Osaka-based electronics group’s total net sales rose 21.5% on the year to ¥1.3tn, while its operating income reached ¥33.8bn, on a group net loss of ¥4.3bn.

Despite its relatively strong performance, Sharp decided to leave its full-year group forecast unchanged.

However, it said it would continue to strengthen its solar business across construction, system design, power generation and maintenance.