sharp corp shares fell sharply thursday morning after the electronics maker projected a 32 drop in fiscalyear net profit citing a deterioration in the market for large liquidcrystaldisplay panels the companys shares were recently 73 lower at 1007 yen after falling as much as 87 earlier sharp said wednesday after market close that it expects net profit to drop to y5000 billion 3724 million for the fiscal year ending march 2023 from y7399 billion the previous fiscal year it forecasts that revenue will rise to y2700 trillion from y2496 trillion the japanese unit of foxconn technology group said it has factored in the impact of covid19 lockdowns in china and the earnings outlook of sakai display products corp a display affiliate that sharp plans to fully acquire sharp said it is expecting the impact of supplychain disruptions to continue and the costs of chips and raw materials to remain elevated for now the topix subindex for electronics makers was recently 07 lower and the nikkei stock average was down 01