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sharp corp (6753) Snapshot

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sharp corp (6753) Details

Sharp Corporation manufactures and sells electronic communication equipment, electronic equipment, electronic application equipment, and electronic components in Japan and internationally. The company’s digital information equipment comprise LCD color televisions, color televisions, projectors, Blu-ray disc recorders and players, mobile phones, tablet devices, electronic dictionaries, calculators, facsimiles, telephones, etc. Its health and environment equipment include refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, air fans, dehumidifiers, humidifiers, plasmacluster ion generators, electric heaters, LED lights, beauty appliances, network controlled units, etc. Sharp Corporation’s energy solutions consist of crystalline solar cells, thin-film solar cells, storage batteries, etc.; and business solutions include POS systems, handy data terminals, electronic cash registers, information displays, digital multifunction printers, options and consumables, software, FA equipment, ultrasonic cleaners, etc. The company’s LCD products include amorphous silicon LCD display modules, IGZO LCD display modules, CG-silicon LCD display modules, etc.; and electronic devices consist of camera modules, CCD/CMOS imagers, LSIs for LCDs, microprocessors, analog ICs, components for satellite broadcasting, terrestrial digital tuners, network components, laser diodes, LEDs, optical sensors, components for optical communications, regulators, switching power supplies, etc. The company was formerly known as Hayakawa Electric Industry Co., Ltd. and changed its name to Sharp Corporation in January 1970. Sharp Corporation was founded in 1912 and is headquartered in Osaka, Japan.

49,096 Employees
Last Reported Date: 06/24/15
Founded in 1912

sharp corp (6753) Top Compensated Officers

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sharp corp (6753) Key Developments

Sharp Close To Signing Deal With Foxconn

Foxconn Technology Co., Ltd. (TSEC:2354) is close to signing an agreement to acquire Sharp Corporation (TSE:6753). The company reportedly favoured Foxconn's offer over a government-supported bailout. Sharp Chief Executive Officer Kozo Takahashi said the company would focus its attention on the negotiations with Foxconn.

Sharp Corporation Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016

Sharp Corporation announced consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 1,943,027 million compared to JPY 2,090,436 million a year ago. Operating loss was JPY 29,037 million compared to income of JPY 51,256 million a year ago. Loss before income taxes was JPY 93,422 million compared to income of JPY 16,026 million a year ago. Net loss attributable to the company JPY 108,328 million or JPY 66.24 per share compared to JPY 7,160 million or JPY 4.23 per share a year ago. Net cash provided by operating activities was JPY 22,945 million compared to net cash used in operating activities of JPY 3,638 million a year ago. Acquisitions of plant and equipment were JPY 34,993 million compared to JPY 38,215 million a year ago. The company provided earnings guidance for the fiscal year ending March 31, 2016. For the year, the company expects net sales of JPY 2,700,000 million, operating income of JPY 10,000 million.

Sharp Favoring Foxconn Offer

Sharp Corporation (TSE:6753) is leaning towards a takeover offer from Foxconn Technology Co., Ltd. (TSEC:2354). Kozo Takahashi, Chief Executive Officer of Sharp said that Sharp would take the month to make its decision. Sharp’s board favored the Foxconn offer. but, Kozo Takahashi denied news reports that Sharp had granted Foxconn exclusive negotiating rights. Kozo Takahashi added, "We are putting more resources on studying the Hon Hai offer. We are considering the offers from the point of view of all of Sharp’s stakeholders, its employees and shareholders."


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