Progress! Sharp likely slashed operating loss for April-June

OSAKA — Sharp apparently cut its April-June group operating loss to about 5 billion yen ($47.7 million) from the year-earlier 28.7 billion yen on successful restructuring efforts that included the sale of its unprofitable TV business in the U.S.

The struggling Japanese electronics maker has not released results for the quarter as it waits to be acquired by Taiwan’s Hon Hai Precision Industry, or Foxconn. The deal had been expected to close by the end of June. But Sharp is already reviewing its list of parts makers and taking other steps to cut costs.

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