Japan's top maker of liquid crystal displays, Sharp Corp, would be relying on expanding supplies in small panels for Samsung Electronics Co while at the same time shipping screens to its rival Apple Inc. The move was to conceived to raise factory output levels as well as retain viability in the long run.
The company's midterm business plan aims would be released upon the announcement of the company's latest earnings results. According to three sources, who spoke to Reuters on condition of anonymity, the goal of the company would be to attain annual operating profit of US$1.5 billion by March 16 on revenues totalling US$30 billion.
Last year, the television pioneer of Japan was only able to avoid failure through a US$4 billion bailout from lenders such as the Mizuho Financial Group as well as the Mitsubishi Financial Group. The company was forced to borrow another US$1.47 billion to pay a 200 billion yen convertible bond that is due on September.
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