Sharp Corp., restructuring under Taiwan’s Hon Hai Precision Industry Co., reported on Friday a group operating loss of ¥2.52 billion ($24.3 million) for the April-June quarter after another poor performance from its core liquid crystal display business.
That’s much smaller than the ¥28.76 billion operating loss from a year earlier, but Osaka-based Sharp also posted a group net loss of ¥27.45 billion, compared with ¥33.98 billion a year before, on sales of ¥423.4 billion, down 31.5 percent.
Sharp has not released its group earnings projections for the full year, saying it needs to assess the outcome of the takeover by Hon Hai.
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