Sharp Corp. provided consolidated earnings guidance for the year ending March 2014. For the period, the company is expected to see its consolidated operating profit to reach ¥100 billion, for the first time in six years.

The company is to post the first operating profit in three years. The earnings improvement reflects brisk sales of liquid crystal display panels for smartphones and restructuring steps including personnel and pay cuts. In October 2013, the company projected a consolidated operating profit of ¥80 billion for fiscal 2013.

Meanwhile, the company's group net profit is expected to remain at around the projected level of ¥5 billion, pressured by an extraordinary loss stemming from a business withdrawal.