Solar Frontier parent firm Showa Shell Sekiyu says itsEnergy Solutions unit, dominated by module sales, generated an operatingincome of 197m yen ($2.1m) in the quarter from October to December 2012.

Revenues in the three months were 31bn yen.

The fourth-quarter profit compares to an operating lossof 3.5bn yen in the third quarter and 9.2bn yen in the fourth quarter of 2011.

Like many of its peers, Solar Frontier’s profits werebuoyed by a surge in demand for PV plants, with developers keen to sign-offon new projects before Japan’s generous feed-in tariff is reduced in April.

Showa Shell reduced full-year operating losses for itssolar business to 15.4bn