Sharp forecasts losses of $5.6 billion The company, which is struggling with falling prices for LCD panels, factory delays and declining sales in Japan and China, failed to win a planned $835 million investment from Taiwan's Foxconn Technology Group and is burning through cash. The San Ramon company said last month that profit would be substantially lower than in the previous period because of declining oil production, falling crude prices and weaker U.S. refining returns - partly due to reduced output at the Richmond refinery after August's fire.