Sharp Corp. forecast its first annual profit in three years as Japan's largest maker of liquid-crystal displays expects orders to recover after signing a deal with Samsung Electronics Co.
Net income may be ¥5 billion in the year that started April 1, compared with a loss of ¥545 billion a year earlier, the Osaka-based company said Tuesday.
The maker of Aquos televisions said it will recover from two consecutive years of losses, after eliminating jobs and selling stakes to Samsung and Qualcomm Inc. Sharp turned its biggest display plant into a venture with Taiwanese billionaire Terry Gou last year to boost sales of large displays through Gou's Foxconn Technology Group, the world's biggest contract manufacturer of electronics.