It shipped 459MW of PV panels in the third quarter, down from 560MW in the preceding three-month period.

The Osaka-based electronics giant’s group net sales rose 21% year-on-year to ¥21.3bn, up 21% on the year.

Despite the strong performance of its solar business, its Product Business division, which makes PV modules, booked a ¥27.7bn impairment loss due to its ongoing restructuring efforts.

Sharp