Sharp expects to fall back into red in FY 2014

Sharp expects to fall back into red in FY 2014

Sharp Corp. President Kozo Takahashi bows his head at a press conference in Tokyo on Feb. 3, 2015, to apologize, announcing the company is expecting to slide back into the red this fiscal year amid intense price competition with Asian rivals in display panels and televisions. It cut its full-year earnings guidance for the second time in 10 months, forecasting a group net loss of 30 billion yen ($255 million) for fiscal 2014. (Kyodo) ==Kyodo

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  • Kyodo / Kyodo News Images
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