TOKYO: Shares in Sharp Corp, the world's largest liquid-crystal display television maker, had their biggest gain in four years after the company forecast record sales next fiscal year and increased spending on factories.
Sharp's stock rose as much as 9.1%. The Osaka-based company yesterday said revenue would gain 9% to three trillion yen (US$26bil) in the year ending March 2007. It will also increase spending by 25% to 275 billion yen to help build the world's largest LCD panel factory.