Sharp Losses May Widen on Delayed Panels for Phones, Tablets
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Sharp Corp. may lose more money than it forecast this year, analysts predict, increasing pressure on the struggling Japanese electronics maker to raise funds and complete a stake sale to Foxconn Technology Group.
The company likely will report a net loss of 295 billion yen ($3.8 billion) for the year ending March 31, according to the average estimates of seven analysts compiled by Bloomberg. Sharp last month forecast a 250 billion-yen net loss, eight times greater than originally predicted, because of its unprofitable TV and display units.