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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Google reveals Gmail hacking, says likely from China 3:31am EDT Casey Anthony told police toddler was kidnapped 01 Jun 2011 Cole not the only sour note for Cowell's 'X Factor' 01 Jun 2011 Special report: If Monterrey falls, Mexico falls | 01 Jun 2011 Basketball world pays homage after "Shaq" quits 01 Jun 2011 Discussed 64 Judge voids controversial Wisconsin union law 62 150 economists back U.S. Republicans in debt fight 53 Speculation grows over Sarah Palin’s 2012 plans Watched Tornado hits Springfield, Massachusetts 2:43am EDT Massive Australian waterspout caught on film Mon, May 30 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Sharp smartphone shift to help boost profit: Nikkei Tweet Share this Email Print Related News Nikkei up 2 percent on strong industrial outlook, weaker yen Tue, May 31 2011 Nikkei set to trade in narrow range, industrial output eyed Mon, May 30 2011 Nikkei edges lower on Sony, lingering economic uncertainty Fri, May 27 2011 Sony's profit forecast seen ambitious as quake, hacking weigh Thu, May 26 2011 Sony shares up on forecast, but more hacks found Tue, May 24 2011 Analysis & Opinion The digital wallet soon to be in every pocket Value buying to emerge in key large caps Related Topics Technology » Media » iPad » TOKYO | Thu Jun 2, 2011 12:35am EDT TOKYO (Reuters) - Japan's Sharp Corp said it plans to dedicate more than 70 percent of output at one of its liquid-crystal display (LCD) panel plants to small panels for smartphones and tablets, a move the Nikkei newspaper says is expected to boost the company's 2011/2012 earnings. The company "appears to have received" a new order for Apple Inc's iPad, the Nikkei said, without citing sources. The gradual shift in emphasis from large panels is expected to help improve earnings in the current year, although the electronics maker will likely make a net loss for April-June, the paper said. The company reported an operating profit of 78.8 billion yen in the year to March 2011. Sharp is set to give earnings guidance for the current year at a news conference on Friday, at which it would also discuss its LCD business. The consensus is for an operating profit of 56.8 billion yen for the current year, based on estimates by 30 analysts polled by Thomson Reuters I/B/E/S. The company has said it will convert part of its Kameyama No. 2 facility to make small panels there this year and refit its Kameyama No. 1 plant for the same purpose. That would eventually result in more than 70 percent of output going to small and medium-sized panels, a Sharp spokeswoman said on Thursday. The Nikkei said production of small panels at the No. 1 plant would start in 2012. In April, Sharp denied a report that Toshiba Corp had been chosen to produce small panels for Apple and that Sharp had been dropped as a supplier. The Kameyama facility was once a mainstay of the company's LCD TV business, but was being increasingly seen as redundant in the face of competition from manufacturers in South Korea, Taiwan and elsewhere. The declining price of LCD TVs has dented Sharp's earnings, but it will likely see benefits from the shift into the smartphone and tablet computer markets, the paper said. Sharp will continue to make TV-use LCD panels at its state-of-the-art Sakai plant, and will also procure more low-cost TV panels from other parts of Asia, the Nikkei said. Shares of Sharp were down 1.5 percent at 736 yen in morning trade, roughly in line with the Nikkei benchmark index. (Reporting by Isabel Reynolds and James Topham in Tokyo, Arpita Mukherjee in Bangalore; Editing by Vinu Pilakkott) Technology Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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