Sharp has admitted there is "material doubt" about its ability to stay in business as it warned of a second year of record losses, deepening the gloom surrounding Japan's once dominant consumer electronics industry.
The century-old company said it expected to end the financial year to March with a net loss of Y450bn ($5.6bn), worse than the Y250bn loss it had predicted in August. Last year it lost Y396bn. The losses are blamed on failed investments in liquid-crystal display manufacturing.
The warning came a day after Panasonic stunned investors by projecting
More Suggested Content:
hhgregg Giving Away 31 70" Sharp TVs
October 1, 2012
hhgregg said Monday that it is giving away a 70-inch Sharp TV every day in October. The retailer will also give out a $1,000 gift card every day of the month.
Vizio is Tops in JD Power Satisfaction Survey
September 20, 2012
Vizio this week touted its top ranking in J.D. Power and Associates' recent customer satisfaction rankings. J.D. Power's 2012 HDTV Satisfaction Report ranked Vizio first, narrowly ahead of Sharp and LG.