Sharp's final profit and loss forecast for this fiscal year has been revised downward to a deficit of 10 billion yen. The main factor is that the recovery in demand for LCD panels is slower than expected.
Sharp had a final deficit of 260.8 billion yen in last year's financial results, and is expected to be in the red for the second consecutive year. CEO Wu Bo-hun had promised that the company would definitely return to profitability this fiscalyear, but it seems that it is taking time to rebuild the business.