June 4, 2015 / 10:07 AM / 2 years ago

Sharp expects to post 180 billion yen loss in current year: report

A shopper using a smartphone rides an escalator past under a logo of Sharp Corp at an electronics shop in Tokyo March 3, 2015. REUTERS/Yuya Shino

TOKYO (Reuters) - Japan’s struggling electronics maker Sharp Corp is set to post a net loss of 180 billion yen ($1.45 billion) in the current year through next March, Kyodo News reported on Thursday, without citing sources.

Sharp last month secured a $1.9 billion bailout, its second major bank-led rescue in three years, and reported a net loss of 222 billion yen in the last fiscal year, its third net loss in four years.

Reporting by Ritsuko Ando; Editing by Miral Fahmy

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