Is Sharp on its last legs?
Sharp is looking distinctly less keen these days. Not only are its losses “huge,” the company warned investors that there is “material doubt” that it may be able to continue as a “going concern.” These are never good words to hear from a major company.
The ailing Japanese consumer-electronics manufacturer saw sales drop 16 percent year-over-year to 1.1 trillion yen ($13.7 billion) in the six months ended September 30. The company’s net loss widened to 387.6 billion yen, dwarfing last year’s six-month loss of 39.8 billion yen.
“Sharp is in circumstance in which material doubt about its…
See the article here: Is Sharp on its last legs?
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