Sharp enjoys an overwhelming advantage in the liquid- crystal display business because of its investments. There was no doubt they will increase profit given rising demand for televisions.
More Quotes from Hajime Yagi:
Given the size of Nomura's business, it's not much of a surprise the earnings came in like this. I'm more concerned about whether Nomura can recoup the money it's spent expanding in investment banking, including overseas.Hajime Yagi
This fiscal year should be fine, but the question will be how they do in the next fiscal year. Their share prices are low but the China (supply glut) issue is a big concern.
Hajime Yagi
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