Sales in the fiscal year, which ended March 31, jumped 11.8 percent to Ľ3.1 trillion (US$26.5 billion) and net profit climbed 14.7 percent to Ľ101.7 billion.
Sharp was the first TV manufacturer to embrace flat-panel technology and that gamble continued to pay off last year with sales of LCD TVs jumping by almost half on a value base. With increasing competition in the market, the company concentrated its efforts on large-size sets, which are technically more complex and command higher prices.
In the cell phone sector, Sharp did well in Japan with models that can receive digital mobile television, it said.
The company's audio-visual and communication group, which includes its LCD (liquid crystal display) TV and cell phone operations, saw domestic sales rise 28.8 percent and overseas sales climb 22.6 percent during the year.
The only one of Sharp's main business sectors to see lower sales during the year was its LCD panel business. Sales fell by just under 1 percent as the company used more of its panels in its own TV sets and sold fewer to other companies.
Looking ahead, Sharp said it expects another year of record sales and profits. The company forecast net sales during the current fiscal year will rise 8.7 percent to be Ľ3.4 trillion and net profit will climb 3.2 percent to Ľ105 billion.
All figures in billions of yen
