Sharp needs help. The consumer electronics company on Tuesday posted a worse-than-expected $5.4 billion loss for the previous fiscal year, and it released its plan to turn things around over the coming three years. For one thing, the company intends to tap banks for $1.5 billion in funds. Sharp also said it will look to boost smartphone display sales to Samsung as business with its top client Apple begins to slow.

“A key challenge for Sharp’s recovery, however, is keeping its factories busy enough to earn profits that will satisfy its creditors despite slowing growth in its business making screens for Apple’s iPads and iPhones,” Reuters’ Reiji Murai and Tim Kelly wrote in a report on Tuesday.

Sharp said it expects to swing to a profit of approximately $787 million in the current fiscal year.

Zach Epstein has worked in and around ICT for more than a decade, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.