Sharp Corp. said Thursday it will slash some 5,000 jobs, or 9 percent of its overall workforce, by the end of March through early retirements and other means to turn itself around after being hit by a slump in its TV business.

Sharp reported a ¥138.40 billion group net loss for the April-June quarter against a year-before loss of ¥49.28 billion, on ¥458.60 billion in sales, down 28.4 percent from a year earlier.

The company also expanded its group net loss estimate to ¥250 billion from an earlier ¥30 billion for all of fiscal 2012 ending next March.