Sharp Expects Financial Results to Fall Short of Forecast
January 20, 2015 – Sharp Corporation of Japan reports that it expects its financial results for it fiscal year ending March 2015 to fall short of its previous forecast announced on October 31, 2014. Sharp says its financial results will be lower due to the decline of profitability in domestic Japanese sales, which it attributes to rapid fluctuation in the value of the Japanese yen, as well as to increasing competition in its LCD business.
Sharp is working on its revision to its financial-results forecast, and will disclose it once it’s finalized. The firm will report earning for its third quarter of the year ending March 2015 on February 3, 2015.