Japanese electronics giant Sharp on Tuesday posted a record annual loss for the second year in a row, and announced plans to replace its current chief after just one year on the job.
A customer checks LCD television sets by Japanese electronics maker Sharp at an electronics shop in Tokyo, on March 6, 2013. Sharp on Tuesday posted a record annual loss for the second year in a row, although it added that it expected to return to profitability in the current fiscal year.
The maker of Aquos-brand electronics reported a net loss of 545.3 billion yen ($5.4 billion) in the year to March, its worst-ever shortfall after losing 376 billion yen in the previous year.
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