Sharp is reporting a larger-than-expected group net loss of ¥222.3 billion ($1.9 billion) for the fiscal year ended March 31, its third loss in four years. In the previous fiscal year, the company had seemed to be recovering from its earlier financial difficulties, reporting a net income of ¥11.6 billion ($97.2 million). According to the company, while its previous medium term business plan enabled it to return to profit in fiscal 2013, it was hurt by the performance of its LCD and solar panel business in fiscal 2014. This week, the company announced a new 3-year (2015-2017) medium-term business plan for again returning to black. The plan’s three-pronged effort focuses on reorganizing its portfolio, reducing fixed costs, reorganizing the corporate structure, and strengthening corporate governance.