Sharp falls into insolvency
Huge deficit for the second consecutive year
May 12, 2016, Tokyo, Japan - In this photo released on May 13, 2016, shows Japanese electronics giant Sharp president Kozo Takahashi announcing the company's financial result ended march 31 at Sharp's Tokyo office on Thursday, May 12, 2016. Sharp reported over 200 billion yen net loss for the fiscal year 2015. (Photo by AFLO)