By Chris Oliver
HONG KONG (MarketWatch) — Sharp Corp.JP:6753 -4.33% SHCAY -2.05% said Tuesday it will likely record a net loss of nearly 380 billion yen ($4.68 billion) for the fiscal year ended in March, according to newswire reports, well above the 290 billion yen it indicated in February. Tuesday’s revised estimate was the third downgrade by the company for the fiscal year ended in March. The company said its revised estimate was related to delays in shipments of liquid crystal displays used in mobile devices and restructuring expenses, according a report Tuesday by Dow Jones Newswires. Sharp said it would reduce its holding in a loss-making LCD plant in Japan to less than 40% by selling stakes to Dai Nippon Printing Co. [s; jp:7912] and Toppan Printing Co. TONPY -5.34% . Sharp is due to release its earnings for the March-ended fiscal year on April 27.