Japanese corporation Sharp stocks dived 5.73% during Monday trading session up to 181 yen per share (2.35 dollars). Earlier on Friday session securities lost 28% more. Currently, the company’s stocks are trading at lowest level for 40 years. According to Agence France-Presse, fall in stocks is connected with Sharp report release for the second quarter of 2012. It is turned out that for the period from April to June the corporation lost 1.77 billion dollars. It was expected earlier that the company’s negative profit could made up just 1.27 billion dollars at the end of the quarter. At the end of the year the outlook on losses was revised upwards. Sharp incurs losses due to decrease in income amid severe competition conditions from Samsung and Sony companies. In the beginning of August the company announced about a significant corporate downsizing. Sharp is planning to dismiss 5,000 employees during the next 8 months under the terms of austerity program which will be the largest layoff in the company since the middle of the last century.