Sharp Sees Salvation in Appliances

SAKAI, Japan—Sharp Corp.’s recovery plan: Become a major home-appliance maker under the wing of its Taiwanese parent, Foxconn Technology Group.

The Japanese company, which supplies Apple Inc. with iPhone display panels, said its “smart home” business unit, whose products include high-end Internet-linked appliances, would be a major driver of growth. It forecast sales for the division of more than ¥1 trillion ($9 billion) in the...