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Sharp expects to post 180 billion yen loss in current year: report

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Japan's struggling electronics maker Sharp Corp is set to post a net loss of 180 billion yen ($1.45 billion) in the current year through next March, Kyodo News reported on Thursday, without citing sources.

Sharp last month secured a $1.9 billion bailout, its second major bank-led rescue in three years, and reported a net loss of 222 billion yen in the last fiscal year, its third net loss in four years.

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Art PostArt PostAdmin VIP

 

June 5, 2015

 

Company name: Sharp Corporation

Name of representative: Kozo Takahashi

President & Director

(Code: 6753)

 

Sharp's Comment on media reports regarding speculations on Sharp's consolidated financial forecast

 

On June 5, there were media reports regarding Sharp’s consolidated financial forecast for the year ending March 2016. However these reports are not based on Sharp’s announcement.

 

Furthermore, there is no fact of Sharp making decision to record the loss for the businesses including LCDs.

 

As we continue our structural reforms from previous fiscal year, we have not announced the forecast of net income (loss) due to difficulty in making a reasonable estimate at the moment. We will make announcements once structural reform plans are specified.

 

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