Sharp sees smaller net profit than first planned next year-Kyodo
TOKYO, Sept 25
TOKYO, Sept 25 (Reuters) - Cash-strapped Sharp Corp is aiming to make a net profit of 14.6 billion yen ($188 million) in the business year through end-March 2014, or about half of what it once envisaged, Kyodo news reported on Tuesday.
Less than a week ago, Kyodo reported that Sharp was aiming for a net profit of about 30 billion yen in the next business year, swinging from a loss of 250 billion yen projected for this year.
Citing sources familiar with the Japanese TV maker's plan, which was submitted to creditor banks on Monday, Kyodo said Sharp was expecting an operating profit of 121.2 billion yen for the next business year by cutting jobs, salary and bonuses.
That compares with an operating loss of 100 billion yen that Sharp has forecast for the current business year to next March.
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