SHARP

Sharp Corp was founded in 1912 and named after the ‘Ever-Sharp mechanical pencil’ invented by Tokuji Hayakawa, founder of the company. Sharp is a leading electronic group and is one of the world’s biggest television makers.

Japan’s Sharp issues profit warning as shares tumble to 2-year low

Sharp Corp of Japan unveils its new high-definition TV as the company in Tokyo issued a profit warning while its shares slid to a 2-year low. Photo: Kyodo

Japan’s Sharp Corp warned it will likely miss this year’s earnings target as an intensifying price war with cheaper Asia rivals in display panels and TVs cuts deep into the consumer electronics maker’s profit margins.

Monday, 19 January, 2015, 4:12pm

Sharp aims to raise US$1b from share sales

Sharp, which supplies display panels for Apple’s smartphones, received a US$4.6b rescue from banks last year. Photo: Reuters

Japan’s Sharp Corp is aiming to raise 100 billion yen (HK$7.75 billion) from share sales by the end of September as the struggling display maker looks to partnerships and a public offering to bolster its finances, media reports and sources familiar with the situation said on Friday.

20 Jul 2013 - 3:55am

Sharp forms joint venture with state-owned China Electronics Corp

A magnifying glass is used to check an organic IGZO display, which is using new technology developed in part by Sharp. Photo: AFP

Sharp, a leading suppler of displays to Apple, said yesterday it would form a US$2.9 billion alliance with the state-owned company China Electronics Corp, which included an agreement by the Japanese electronics giant to license its advanced power-saving IGZO screen technology.

28 Jun 2013 - 4:30am

Solargiga hopes Japanese market can pull it out of the doldrums

Solargiga executive director Hsu You-yuan. Photo: SCMP

Solargiga Energy Holdings this month said its long-time customer Sharp Corp had agreed to buy 370 megawatt (MW) of solar modules in the 12 months to March 31 next year. This is the first time Sharp is buying modules from Solargiga.

28 Jun 2013 - 4:54am

Sharp may sell IGZO LCD technology to China’s CEC: sources

Sharp has suffered heavy losses due to excess capacity and weak demand for its TV screens. Photo: Reuters

Sharp Corp is considering licensing its power-saving IGZO liquid crystal display technology to China Electronics Corp as part of a plan to jointly produce panels in China, two sources familiar with the plan said.

26 Jun 2013 - 3:31pm

Chinese smartphone makers boost OmniVision’s outlook

Image sensor maker OmniVision Technologies forecast a current-quarter profit ahead of analysts’ estimates, encouraged by higher demand for its camera chips from smartphone makers in China.

Shares of the company soared 24 per cent at US$19.19 in after-hours trading.

31 May 2013 - 10:49am

Sharp logs record loss but says profits will return

Sharp reported a net loss of 545.3 billion yen in the year to March. Photo: Reuters

Japanese electronics giant Sharp yesterday posted a record annual loss for the second year in a row, and said it would replace its chief after just one year on the job.

The maker of Aquos-brand electronics reported a net loss of 545.3 billion yen (HK$41.6 billion) in the year to March, its worst shortfall, after losing 376 billion yen in the previous year.

15 May 2013 - 2:25am

Talking points

Sharp expected to announce China job cuts

Sharp expected to announce China job cuts

14 May 2013 - 2:57am

Sharp up on news 5,000 more staff to go

Sharp is trying to restructure its unprofitable liquid-crystal-display business before deadlines to repay debt this year.Photo: EPA

Sharp shares rose to their highest level in a year in Tokyo trading yesterday, after reports it will extend job cuts by 5,000 and reshuffle management as the unprofitable electronics maker seeks to end losses.

The shares jumped 6.4 per cent to 450 yen, at the close of trade, the highest level since May 1 last year. The stock has risen by 40 per cent over the past five trading days.

11 May 2013 - 4:13am

Japan’s Sharp jumps 14pc on Pioneer sale report

Sharp, the largest shareholder in Pioneer, aims to sell the 30 million shares in a lump-sum deal as early as this month. Photo: Reuters

Shares in struggling Japanese electronics maker Sharp rocketed more than 14 per cent on Monday morning after a weekend report that it plans to sell its entire 9.2 per cent stake in rival Pioneer.

Sharp shares were up 14.02 per cent at 382 yen (HK$32) on the Tokyo Stock Exchange at the break while Pioneer climbed 6.19 per cent to 223 yen.

29 Aug 2013 - 4:13am

Sharp-Foxconn talks set to end with no stake deal

Sharp-Foxconn talks set to end with no stake deal

Sharp's talks with Taiwan's Foxconn Technology over an investment in the Japanese electronics maker will probably end on March 26 without an agreement, said two people familiar with the discussions.

26 Feb 2013 - 5:22am

Briefs, January 19, 2013

Charles Lee Yeh-kwong was appointed as a non-executive director of Cheung Kong.

China discovered more than 1.4 billion tonnes of new proven oil reserves last year, its third-highest annual haul ever, while its proven reserves of natural gas rose by a record of nearly 900 billion cubic metres over the year, the Ministry of Land and Resources said.

19 Jan 2013 - 5:12am

Lenovo, Sharp to partner in TV manufacturing, say reports

A shopper looks at Sharp LCD screens in a Tokyo shop. Sharp is in talks with Lenovo about selling an LCD TV plant in Nanking and tying up with the Chinese computer company. Photo: Reuters

Lenovo, the world's second-largest supplier of personal computers, may be gearing up to enter the television-manufacturing business with Japan's Sharp as partner, according to reports yesterday.

18 Jan 2013 - 4:12am

Briefs, January 8, 2013

Investment in NBA China begins to pay off

AirAsia founders plan to list insurance firm

8 Jan 2013 - 4:21am

Business Digest, January 2, 2013

Sony stops making PlayStation 2 in Japan

China Tianrui set to resume trading today

2 Jan 2013 - 4:24am

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