Sharp Corp., whose domestic liquid-crystal-display factories once made the company a symbol of pride for Japan's electronics sector, now has taken on a less impressive mantle: that of a sector struggling to compete globally.
"Severe" is how Sharp's incoming president described the situation to reporters on Monday.
Sharp expects this fiscal year to record the biggest annual loss in the company's 99-year history. The company suffered from weak demand across most of its largest product lines-television sets, LCD screens and solar panels-with a strong yen hurting cost-competitiveness.
(ibnlive)
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