Japan's Sharp Swings to Profit

choi

Makiko Yamazaki and Aya-i TOMISAWA 富沢 綾衣, Japan's Sharp Swings to Profit under Foxconn's Watch as Costs Slashed. Reuters, Feb 3, 2017.
http://www.reuters.com/article/us-sharp-results-idUSKBN15I0J8

Quote:

(a) Sharp is "posting its first quarterly net profit in more than two years * * * This was the first full quarter under the Taiwanese company's management for Sharp, and analysts have been keen to see if the results reflect Foxconn chairman and CEO Terry Gou's trademark style of a laser-like focus on costs. The Japanese company's shares have already rallied since Foxconn took charge last year.

(b) " 'Speedy management is the biggest contributor to the turnaround,' Executive Vice President Katsuaki Nomura said at an earnings briefing, hailing the swift decision-making style of Foxconn * * *

"Sharp also benefited from production cutbacks by Korean rivals in LCD panels that led to a supply shortage and pushed up market prices.

"Net profit was 4.2 billion yen ($37.14 million) for October-December, compared with a 24.7 billion yen loss in the same period a year earlier * * *

My comment:
(a) There is no need to read the rest.
(b) Sharp's head since Foxconn acquisition is TAI Jeng-wu 戴正吳.