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Slow LCD TV sales widen Sharp loss – Retail in Asia

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Slow LCD TV sales widen Sharp loss

Sharp Corp. is expecting to post a group net loss of JPY350 billion (USD4.33b) for the business year that ended 31 March, worse than previously forecast, sources said on Tuesday.

The Osaka-based electronics company projected last month a group net loss of JPY290b, but the loss has widened as prices of liquid crystal display panel televisions fell more than expected while its solar battery business was sluggish.

Sharp’s mainline LCD business has been battered by such factors as a global oversupply of Lpanels, forcing the operating rate of its large LCD manufacturing plant in Sakai, Osaka Prefecture, to fall to around 50 percent.