Financial Results of four Japanese Consumer Electronics Companies for the Fiscal Year Ended on March 31, 2015

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For many years Sony brand was associated with “BRAVIA TVs”, Panasonic – with “VIERA TVs”, Toshiba – with “REGZA TVs”, and Sharp – with “AQUOS TVs”.

Looking at the FY2015 results, we can notice:

  • Sony’s television business turned its first operating profit in 11 years after losing ¥790B in 10 years;
  • Panasonic, Sharp and Toshiba’s television business showed losses.

Nowadays the most profitable segments for these famous Japanese brands are:

  • Automobile & Industrial segment for Panasonic
  • Electronic Devices & Components segment for Toshiba
  • Financial Services segment for Sony
  • Business Solutions segment for Sharp.

Let’s explore financial results of iconic Japanese brands in more details.



Panasonic reported financial results for the fiscal year ended March 31, 2015 on April 28, 2015.

Kawai and Tsuga 28 Apr 2015

Photo: Hideaki Kawai, Senior Managing Director and Kazuhiro Tsuga, President, Panasonic Corporation.

  • Net Sales result is ¥7,715B vs. ¥7,736.5B last year, FY15 net sales forecast is ¥8.0T. Lower sales happened because of decrease in demand in Japan after 3-percentage-point consumption tax hike to 8% since April 2014.
  • Operating Profit 5% ratio, a mid-term plan target is achieved (¥381.9B). The biggest operating profit delivered by Automobile & Industrial Systems (¥105.7B) followed by Eco Solutions (¥95.3B), AVC Networks (¥51.8) and Appliances (¥40.5B). Operating profit forecast for FY2015 is ¥430B (5.4%).
  • Net profit was ¥179.5B in FY2014 vs. ¥120.4B net profit in FY2013. FY2015 net profit forecast is ¥180B.
  • ROE = 10.6% (FY2014), improved by 2.0 points from last year.

Panasonic named four “challenging businesses” in FY2014:

  • Semiconductor business showed negative operating profit: -¥14.7B (-8.1%),
  • LCD panel business recorded -¥3.6B (-4.5%) operating profit,
  • TV set business operating profit was – ¥14.9B (-3.3%) in FY2014 vs – ¥15.2B (-3.0%) operating profit in FY2013.
  • Air-Conditioner business had “only” ¥15.9B profit (3.5%) in FY2014.



Toshiba has previously forecasted to achieve ¥120B net profit and ¥330B operating profit for the year ended March 31, 2015 but it faced a bumpy road still preventing it to announce its FY2014 results.

On April 3, 2015, Toshiba established a Special Investigation Committee to conduct an investigation into the percentage-of-completion method of accounting used in certain infrastructure projects undertaken by three its in-house companies: Power Systems Company, the Social Infrastructure Systems Company and the Community Solutions Company.

At the meeting of the board of directors on May 8, 2015, Toshiba Corporation decided not to pay a year-end dividend for FY 2014 because it was unable to finalize its financial statements.

In addition to that, Independent Investigation Committee was created that was composed solely by fair and impartial outside experts to audit the following accounting issues:

  • Percentage-of-completion method;
  • Recording of operating expenses in Visual Products Business;
  • Valuation of inventory in Semiconductor Business;
  • Component transactions in PC Business.

Toshiba Corporation is going to have its Ordinary General Meeting of Shareholders on June 25, 2015 when top management will report to shareholders about investigation on appropriateness of accounting and temporary reelection of 16 Directors will be done. Tokyo Stock Exchange rules require reporting annual earnings by the end of June. Failure to do so could place Toshiba on a watch list for delisting.

Toshiba’s financial results for fiscal year ended March 31, 2015 are expected to be reported at Extraordinary General Meeting of Shareholders to be held at a not specified later date. Sixteen Directors (most of them Outside Directors) will be elected.


SONY (black)

On February 18, 2015 Sony unveiled its mid-term corporate strategy.

Kozo Hirai_Tokyo_18 Feb 2015

Photo: Kazuo Hirai, President and CEO at Sony Corporation

Sony will position Return on Equity (ROE) as its primary key performance indicator and has set

  • a target for consolidated ROE of more than 10% and
  • a target for consolidated operating profit of more than 500 billion yen

for the Sony Group in the fiscal year ending March 31, 2018, the final year of its mid-range corporate plan. Each business has been assigned a target figure for Return on Invested Capital (ROIC) linked with the ROE target for Sony Group as a whole, and will be managed with a clear emphasis on profitability.

Sony reported financial results for the fiscal year ended March 31, 2015 on April 30, 2015.

Sony Corp's Chief Financial Officer Kenichiro Yoshida speaks during a news conference at the company headquarters in Tokyo April 30, 2015.  REUTERS/Toru Hanai

Photo: Kenichiro Yoshida, Executive Deputy President at Sony Corporation.

  • Net loss is ¥126B, its sixth net loss in seven years.
  • Sony expects to post net income of ¥140B this fiscal year ended March 31, 2016
  • FY2014 Operating Income is ¥68.5B, FY2015 forecast is ¥320.0B
  • Sony plans to issue an interim dividend of ¥10 per share in FY2015.
  • CEO Kazuo Hirai has a plan to rebuild the company around its Hollywood studio, videogame division and image sensor unit
  • CFO Kenichiro Yoshida: “We have reduced our sales costs by 20% and our corporate costs by 30% and we have stopped the bleeding in electronics, except for mobile”.
  • Sony Corp. President Kazuo Hirai and seven other corporate executive officers will give up their bonuses for the fourth consecutive year to take responsibility for the company’s massive loss for fiscal 2014
  • Gaming. Sony sold 14.8 million PS4 consoles in FY14, and is forecasting 16 million in FY15 Entertainment and Sound.
  • Devices. Sony supplies CMOS modules for Apple iPhone6 and Samsung Galaxy S6.
  • Mobile Communications (MC): focus on selling on a few specific regions high-value added models in order to emphasize profitability, smartphone unit sales will decrease from 39.1 million to 30 million in fiscal year 2015. Losses in MC segment are expected to fall from ¥6 B to around ¥39 B.
  • Home segment (HE&S) recorded ¥1B operating income in FY2014 compared to ¥25.5B operating loss in FY2013.
  • Television business, which is the part of HE&S, turned a profit of ¥8.3B in FY2014 for the first time in 11 years. TV business recorded ¥7B operating loss in FY2013. Before Sony’s TV unit lost ¥790B during 10 years. Sony expects to record a ¥5B profit in the Television business in FY2015.



Sharp has reported financial results for the fiscal year ended March 31, 2015 and its 3-year midterm plan on May 14, 2015:

  • Sales contracted 4.8% to ¥2.790B ¥2.927B a year ago due to LCD TV (down 8.6%) and solar panels (down 38.3%) sales decline and small- and medium-size LCD panel price drop. Next year sales forecast is ¥2.800B. Sharp sold 7.03 M LCD TVs and 5.56M mobile phones in FY2014.
  • An operating loss of ¥48.07B in FY2014 vs. ¥108.56B operating profit in FY2013. Sharp plans ¥80.0B operating profit for FY2015. Out of all Product Groups Business Solutions group recorded the biggest operating profit (¥31.4B) while Digital Information Equipment group recorded the biggest operating loss (-¥13.4B) for FY 2014.
  • A net loss of ¥222.35B for FY2014, a third loss in four years. This compares with a net profit of ¥11.6B and earlier target of ¥30B loss.

Major components of FY2014 net loss were

  • ¥77.7B impairment loss at Kameyama and Mie LCD plants,
  • ¥58.7B allowance for difference between long-term contracted price of polysilicon and the actual market price (Energy Solutions),
  • ¥29.5B LCDs inventory write-down,
  • ¥9.9B restructuring cost of LCD TV business in overseas markets,
  • ¥9.2B impairment loss at Solar plant in Sakai,
  • ¥6.6B impairment loss at Fukuyama/Mihara electronic device plants recorded in 4Q.
  • Sharp forecasts ¥180B net loss for FY2015.
  • Excluding group companies, liabilities total ¥57T. This is more than total assets of ¥1.56T
  • Sharp Corp’s market capitalization has shrunk to ¥355B from a peak of ¥3,000B in late 1999.
  • No dividends will be paid for FY2014 and FY2015.
  • Sharp plans to axe 5,000 jobs or 10% of its global workforce by voluntary retirement in Japan and downsizing of overseas bases.
  • Sharp might seek a partner for its TV business in North America as it did in Europe by licensing its TV brand to Universal Media Corp.
  • Sharp would reduce its capital to ¥500M from over ¥8B to cancel out its accumulated losses.
  • Kozo Takahashi would stay as president, while chairman Takashi Okuda would be replaced by representative director Shigeaki Mizushima. Three other representative directors: Tetsuo Onishi, Norikazu Hohshi and Fujikazu Nakayama, will retire. Instead of four representative directors before, only one representative director, Yoshisuke Hasegawa, will be appointed effective June 23.

SHARP’s 3-year plan (FY2015-FY2017)

Kozo Takahashi at News Conference on 14 May 2015

Photo: Kozo Takahashi, President at Sharp Corporation.

  • Return to bottom lin e profits in FY 2016 (ending March 31, 2017).
  • Operating profit forecast is ¥80B in FY2015 (2.9% of sales), ¥100B (3.4% of sales) in FY2016 and ¥120B (4% of sales) in FY2017.
  • Net Sales forecast is ¥2.8T in FY2015, ¥2.9T in FY 2016 and ¥3.0T in FY2017.
  • Mizuho Bank, Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. will each inject ¥100B in a debt-for-equity swap by buying preferred shares.
  • Japan Industrial Solutions, a corporate turnaround fund, will provide ¥25B in return for preferred shares and appointment of its Chairman, Masahiro Sumita, and its President and CEO, Shinichi Saito as Outside Directors at Sharp Corporation.
  • Sharp will introduce five-company system with flat structure inside of each company from October 2015.
  • Consumer Electronics:
    • focus on Japan and Asia,
    • enforcing operation in China
    • consider the possibility of business alliances for TV Business in Americas
    • termination of TV/consumer electronics businesses (shift to brand business) in Europe
    • termination of TV business in Canada, Australia and New Zealand

Sharp and Sony will have General shareholder’s meetings on June 23rd, Toshiba and Panasonic on June 25th, 2015.

Corporate Governance Code, developed by Japan’s Financial Services Agency (FSA), comes into effect in June 2015. Let’s see how it changes the discussion between top management of Japanese corporations and shareholders.

Abbreviations and terms explanation:

Fiscal year – Japanese fiscal year is represented by the calendar year in which the period begins; for example, the fiscal year from 1 April 2014 to 31 March 2015 is called FY2014.

M – “million”

B – “billion”

T – “trillion”

Write down – to decrease the book value of an asset.

Impairment loss – the difference between the fair market value and the book value.

Return on Equity (ROE) = Net Income / Shareholder’s Equity

Shareholder’s equity doesn’t include preferred shares.


Medium and Small Size Displays Shown by Sharp at CES 2014

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The global TV market had a period of growth until 2011 reaching 255 million TVs sold that year, according to IHS Technology data. Then the market slowed to 238 million in 2012 and to 225 million TVs in 2013.

Smartphone market size continued to grow from 472 million in 2011 to 725 million in 2012 and 1,004 million smartphones in 2013, according to IDC.

Sharp’s “Kameyama-1” six-generation factory (1,500mm x 1,800 mm glass) started TV panels manufacturing in 2004, joined by eight-generation “Kameyama-2” factory (2,160mm x 2,460 mm glass) in 2006.

Following changes in the market, Sharp converted its Kameyama 1 & 2 plants to produce small and medium size panels while continued to use its Sakai LCD panel plant to manufacture big size panels for TVs.

Sharp plans small and midsize panels share to reach over 50% of all LCD panel output in fiscal year 2014-2015.

Kameyama 1 plant now produces panels using LTPS backplanes for Apple while Kameyama 2 plant makes small and midsize panels with IGZO backplanes.

At its booth at CES 2014 exhibition Sharp showed not only 60-70-80-90-inch LCD TVs but also small and midsize displays with IGZO technology.

IGZO Displays

IGZO-TFT was developed by Professor Hideo Hosono’s group at Tokyo Institute of Technology and Japan Science and Technology Agency (JST) in 2003-2004.

IGZO-TFT technology was patented by JST and licensed to Sharp in 2012.

Sharp explains at its booth that IGZO Displays have:

  • High Resolution
  • Ultra Low Power Consumption
  • Precise Touch Response

Smartphone Display

  • 4.8” FHD display, 460 ppi

4.8-inch FHD Display

This display with IGZO technology is used in SHARP AQUOS Phone Zeta SH-06E that was introduced via NTT DoCoMo in Japan in 2013.

Tablet Displays

  • 7” WUXGA display (1920×1200)

7-inch WUXGA

This 7” display is used in Sharp AQUOS Pad SH-08E (Docomo) & SHT22 (KDDI).

  • 10.1” WQXGA display (2560×1600), 299 dpi.

The 10.1” display is used in Sharp tablet called Mebius Pad.

  • 11.6” WQHD display, (2560×1440), 253 ppi

Laptop Displays

  • 13.3” FHD display
  • 13.3” WQHD display, (2560×1440), 221 ppi
  • 14” QHD+ display, (3200×1800), 262 ppi

Laptops with Sharp displays

  • Dell XPS15, 15.6” QHD+ (3200×1800), 235 dpi

DELL laptop, 15.6-inch QHD+

  • Fujitsu Lifebook UH series, UH90/M, 14” QHD+ display (3200×1800)

14-inch Fujitsu Lifebook

  • NEC LaVie Z, LZ750/NSB, 13.3” WQHD (2560×1440)

13.3-inch NEC laptop

4K Monitor Display (3,840 x 2,160)

  • 31.5” QFHD display
  • 15.6” QFHD display

Narrow Border LCD

  • 12.5” WQHD, (2560×1440).

12.5-inch WQHD

IGZO+MEMS 7” WXGA Display (1280×800)

  • Ultra-low power consumption
  • Excellent image quality and color
  • Further reduces power when less color is needed
  • Deliver clear, crisp images even in extreme conditions


The MEMS display stays bright and crisp even in sunlight. Extreme heat doesn’t affect the clarity and wide color gamut. MEMS display maintains blur-free motion even in extreme cold.

(*) IGZO – Indium Gallium Zinc Oxide, semiconducting material. IGZO TFT is used in the backplane of LCD displays.

(**) MEMS – Micro Electro Mechanical System) display is a joint development of Sharp and Pixtronix, a subsidiary of Qualcomm.


Dolby 3D at CES 2014

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Dolby 3D logo

At NAB 2012 exhibition Dolby showed TV prototype with Dolby 3D technology – result of its joint development project with Philips.

At NAB 2013 exhibition in Las Vegas on April 9, 2013 Dolby Laboratories and Royal Philips Electronics in association with Cameron-Pace Group (CPG) announced its partnership for using Dolby 3D format that includes video content production, encoding, broadcasting or OTT delivering (Vudu) and decoding and playback of glasses-free 3D content on TVs, tablets or smartphones. Dolby 3D technology allows watching 3D without glasses regardless viewer’s location. The technology is based on R&D originally done by Philips and combines an optical layer on the screen and sophisticated signal processing. In addition, it requires extra information beyond the left and right views, primarily a “depth map,” which is needed to generate multiple views.

Dolby 3D components are:

  • Content tool plug-in
  • Real-time metadata preprocessor
  • Dolby 3D format encoder
  • Dolby 3D format decoder
  • Real-time depth extraction and enhancement engine
  • Multiview rendering engine

Dolby 3D can be implemented using several different approaches, including lenticular and parallax-barrier optical layers, and the performance of the optical layer is up to each manufacturer. In order to carry the Dolby 3D logo, the panel must be at least UHD resolution, and transitions between viewing zones must be smooth. With a UHD panel, the effective resolution for each eye is 1080p.

Sharp and Changhong presented LCD TVs with Dolby 3D technology at CES 2014.

Sharp 85” 8K (7680×4320 pix) LCD TV with UV2A panel, 10 bits per each RGB and 300 cd/m2 luminance showed Life of Pi movie.

SHARP 85-inch 8K LED TV with Dolby 3D

SHARP 85-inch 8K LED TV with Dolby 3D

Sharp panel uses a lenticular optical layer.

Changhong 65-inch Glasses Free UHD 3D TV

Changhong 65-inch Glasses Free UHD 3D TV

Changhong Glasses-Free 65” UHD 3D TV has BOE Technology Group panel inside. BOE panel uses a parallax-barrier optical layer. 2D mode is full UHD while 3D mode is HD.

Bendable & Flexible, Concave & Convex, OLED & LCD UHD TVs by Samsung, LG and Panasonic at CES 2014

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Every year Samsung, the world’s largest maker of TVs and LG, world’s 2nd largest TV manufacturer, surprise consumers with new TV technologies or screen sizes.

At CES 2012 they both were the only companies to exhibit 55” OLED TVs.

At CES 2013 they both were the only to show 55” Curved OLED TVs.

At IFA 2013 exhibition in Berlin Samsung and Sony presented “World’s First” 65” Curved LCD TVs.

So that customers got lost trying to compare LCD and OLED, Flat and Curved, Full HD or Ultra HD. Many of them couldn’t understand why somebody decided to manufacture Curved OLED or Curved LCD TVs while Flat LCD TVs are OK for home?

At CES 2014, as you might guess, both Samsung and LG delivered another new technology combination: Bendable TV, as Samsung decided to call it, or Flexible TV, as announced by LG.

LG unveiled “World’s First 77” 4K Flexible OLED TV” that can change its screen shape from flat to curved and back by pushing a button on a remote control.


If you look from the side you will see the range between “Flat Screen” and “Curved Screen” position.


Samsung put on its booth four OLED TVs under the header “Bendable OLED TV” not specifying the size, because it is “standard” 55-inch and not saying whether it is Full HD or Ultra HD.


It is possible to see the range between flat and curved shape. You never might imagine that TV can change its screen shape like fighter jets change its wings shape.


In order to differentiate further, under the big header “Samsung’s First to the World Innovation Technology” Korean conglomerate placed “Bendable UHD TV 85”


It is a real challenge to produce a bendable LED TV prototype but they could manage to do it for CES!

This is a curved shape view:


Since Panasonic put stress on B2B, not on B2C solutions, instead of concave bendable or flexible OLED TVs it exhibited 4K OLED Video Wave consisting of 3 convex and 3 concave 55″ OLED displays based on its printing technology.


It’s hard to imagine what would be the next? Just wait for the CES 2015 when the new dreams of Korean and Japanese engineers will become visible.

OLEDs development from IFA 2012 to 2013 International CES

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IFA 2012

At IFA (Internationale Funkausstellung) exhibition in Berlin in August-September 2012, only LG and Samsung exhibited same size 55-inch OLED TVs based on Organic Light-Emitting Diode technology.

LG Electronics has placed eight OLED TVs at the central entrance of its booth and added a beautiful lady in red to its cool electronics.

Worlds Best 3D_LG OLED TV

That was 55EM9600 model, 4 mm thin and 10 kg in weight.

The model was all-in-one (just add LG OLED TV in the end of each “World’s something” statement):

  • The Ultimate Display
  • World’s Best 3D
  • World’s Largest
  • World’s Slimmest
  • World’s First 4  Color Pixel

with three design options:

  • Versatile Floor Stand
  • Floating Table Stand
  • Perfect Wall Mount


LG was so proud and aware of its technology that it was possible to see OLED TV not only at the front but also from behind:

LG OLED TV from behind

This LG model got EISA (European Imaging and Sound Association) 2012-2013 Display Achievement Award.

Samsung Electronics, the World’s biggest manufacturer of AMOLED displays for smartphones, was also there with its 55-inch “Samsung OLED TV”, placing a dozen of OLEDs on its booth to greatly impress visitors by “The Biggest OLED TV Experience”:

Samsung OLED TVs

Samsung marketing staff found different words to call one of its best products: “World’s First OLED TV”.

Samsung OLED TV_Moon Landscape

Jack Trout taught: “Differentiate of Die”.

Samsung’s great marketing team differentiated its OLED TV prototype with model name 55ES9500 highlighting the following features:

  • Infinite Contrast
  • Absolute Black
  • Extreme Sharpness
  • Crosstalk free 3D
  • Multi-View

Multi-View means that two persons can not only view two different 3D contents using Mullti-View Bluetooth Active 3D glasses, but listen to different audio using headphones built in each pair of 3D glasses! This is an unbelievable experience!

CES 2013

Korean 55-inch FHD OLEDs

At International CES (Consumer Electronics Show) in Las Vegas in January, 2013 Samsung showed the same OLED TVs as at IFA without any further improvement just stressing on ” A New Era in Picture Quality” and showing Multi-View functionality.

Samsung OLED TV

55-inch OLED Multi-View

Main stage at Samsung CES booth was given to 85″, 95″ and 110″ Timeless Gallery UHD TVs.

LG Electronics has not only showed its 55 inch flat and curved OLED TVs at CES 2013 (of course, WRGB, Cinema 3D and Smart TV inside),

LG OLED TV_The Ultimate Display

LG OLED TV Flamingo Style (2)

but added a Flamingo Style stand and announced launch of its 55-inch 4 mm thin OLED TV in America, Europe and Asia in the 1st quarter of 2013.

Japanese 56-inch 4K OLEDs

Japanese companies Panasonic and Sony have decided to partner in development of OLED displays since summer 2012.

They didn’t exhibited OLED TVs at IFA 2012 last fall and actually being behind Korean competitors in this technology they unveiled “one inch more” in size and four times more in resolution 56-inch 4Kx2K OLED displays.

Panasonic usually likes to compare the TVs at its booth like “2013 Plasma TVs vs. 2012 Plasma TVs” or “Plasma vs. LCD” by contrast, black level or response time. This time at CES they have placed OLED display prototype far away from the main booth exposition calling it “World’s Largest 4K OLED created by Printing Technology (RGB all-printing method). The display has 500 cd/m2 brightness, 3 M:1 contrast, it is 8.9 mm thick at thinnest part and has a weight of 12.4 kg.

Panasonic Worlds Largest 4K OLED created by Printing Technology (front view)

Panasonic World’s Largest 4K OLED

There was no possibility to look from side or from behind to see if it is really slim.

Panasonic Worlds Largest 4K OLED created by Printing Technology (side view)

Sony put its “The World’s First and Largest 4K OLED TV in a dark part of the booth because that was a prototype so visitors could not see the shape of the display, just a front screen.

The Worlds First and Largest 4K OLED TV (front view)

While shooting from the side with a flash, you can have a picture showing a prototype that is not so beautiful and slim as LG’s 55″ OLED.

The Worlds First and Largest 4K OLED TV (side view)

Sony stresses in its CES Press Release that this prototype uses the latest oxide semiconductor TFTs and Sony’s own “Super Top Emission” technologies. The OLED panel was jointly developed with Taiwanese company AU Optronics Corp. (AUO). Other features of the OLED prototype were not disclosed.

56″ 4K OLED TVs by Sony and Panasonic may be ready for shops sometime in 2015.

Both Samsung and LG showed “The World’s First Curved OLED TV” at CES 2013

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We all remember CRT TVs with convex spherical screen and Sony Trinitron TVs with convex cylindrical screen. Then came pure flat Plasma and LCD TVs and manufacturers convinced us that flat screen form is the best.

At CES 2012 both LG and Samsung showed same 55-inch size OLED TVs. LG called its TV as “World’s Largest 3D OLED TV 55” while Samsung called its new sample as “Super OLED TV”. Neither LG nor Samsung started to mass produce and sell their 55-inch OLED TVs in 2012.

Not surprisingly, both Korean companies have simultaneously invented another “The World’s First” 55-inch TV to show at CES 2013: “The World’s First Curved OLED TV”! Because convex screens existed in the past, this time TVs have to be with concave screen!

Please, have a look at Samsung Curved OLED TV which has slightly curved screen and much more curved stand behind the TV:

The Worlds First Curved OLED TV 55 inch by SamsungSamsung Curved 55 inch OLED TV

LG Electronics added “3D” to the term “The World’s First Curved OLED TV” and placed not one, but three curved OLED TVs in a line:

LG The Worlds First Curved 3D OLED TV

LG Curved OLED TV side view

LG has just started selling its flat 55EM9700 OLED TV in Korea at KRW 11 million becaming the first Korean company in the world to do so.

Let’s guess which OLED product both Korean companies will show this year at IFA in Berlin or next year at CES in Las Vegas?

Sharp shows OLED panels with IGZO backplanes at CES 2013

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Sharp shows OLED displays with IGZO backplanes to visitors of Consumer Electronics Show being held in Las Vegas, Nevada, USA, from January 8th till January 11, 2013.

These displays were first exhibited at Flat Panel Display International exhibition in Yokohama, Japan (Oct. 31 – Nov. 2, 2012).  The displays have been developed jointly by Sharp and Japanese R&D company Semiconductor Energy Laboratory (

The first OLED display has 13.5 inch diagonal and QFHD (3840×2160 pixels) resolution while the second display is flexible with 3.4 inch in size and 960×540 resolution. Both panels have pixel density of 326 pixels per inch (ppi).

13.5 inch QFHD OLED with IGZO3.4 inch flexible OLED

These two displays use IGZO TFTs for the backplane and white OLEDs with RGB color filter in the front plane.

Here you can watch 68 seconds video by Mobile Geeks about 3.4″ Flexible OLED :

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