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Tokyo - Japanese electronics maker Sharp said on Wednesday it expected a full-year net loss of $3.8bn, blaming falling prices, a high yen and the global economic slowdown.
The firm expects a net loss of ¥290bn for the year to March, reversing an earlier projection of a ¥6bn net profit.
For the nine months to December it made a net loss of ¥213.5bn, compared with a ¥21.83bn profit in the corresponding period in the previous year, it said.
During the same period, operating loss came to ¥9.1bn, reversing operating profit of ¥66.5bn in the previous year, while sales fell 18.3% to ¥1.9 trillion, Sharp said.
"Major price falls of products and devices such as LCD colour televisions and solar batteries as well as a dramatic increase of the yen" resulted in the lower revenues, the company said in a statement.
Sharp booked an extraordinary item of ¥80.9bn for structural reforms and losses related to the suspension of a large LCD plant in Japan after the devastating earthquake and tsunami in March.
It also booked corporate tax and other expenses of ¥115.2bn yen after revaluing deferred tax assets on its books.
For the year to March, the company expects only to break even at the operating level, compared with an earlier forecast of ¥85bn in profit.
It lowered its sales estimate by 8.9% to ¥2.55 trillion from ¥2.80 trillion.
