Japan Earns Sharp

February 1, 2013 - 5:31 AM
In this Jan. 31, 2013 photo, a shopper takes a look at Sharp's Aquos flat-panel TVs at an electronics store in Tokyo. Japanese electronics maker Sharp Corp. has reduced its quarterly losses but its outlook remains challenging. The Osaka-based company left its forecast for the full year ending March unchanged Friday, Feb. 1, at a 450 billion yen loss ($5 billion) as its flat-panel business for TVs and mobile devices gets hammered by plunging prices and intense competition. Sharp reported a 36.7 billion yen ($399 million) net loss for the October-December period, a smaller flow of red ink than its 173.6 billion yen loss a year earlier. It posted an operating profit for period, the first time in five quarters. (AP Photo/Shizuo Kambayashi)