https://www.scmp.com/rss/265962/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Foxconn Technology Group reported weaker-than-expected profit in the March quarter, as demand for Apple’s iPhones remained sluggish in mainland China, though it projected significant growth in the current quarter. The Taiwanese company, formally known as Hon Hai Precision Industry, gave that forecast after reporting its strongest monthly sales since the start of 2023, buoyed by rising demand for servers during the artificial intelligence (AI) boom. The world’s largest electronics contract... https://www.scmp.com/tech/big-tech/article/3262678/apple-supplier-foxconn-misses-march-quarter-estimates-amid-iphone-sales-downturn-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3262678/apple-supplier-foxconn-misses-march-quarter-estimates-amid-iphone-sales-downturn-china?utm_source=rss_feed Tue, 14 May 2024 11:51:49 +0000 This article originally appeared on ABACUS Smart TV owners in China are tired of televisions that spam them with ads from the moment they start up. Local consumer rights groups are now pushing back, claiming the ads infringe on users’ rights. One group published a draft on Tuesday for regulating smart TV advertising that covers ads displayed during start-up. The Jiangsu Consumer Council’s proposal stipulates that users should be able to turn off TV ads and that the duration of ads should not... https://www.scmp.com/abacus/news-bites/article/3074976/chinese-smart-tvs-face-pushback-over-ads?utm_source=rss_feed https://www.scmp.com/abacus/news-bites/article/3074976/chinese-smart-tvs-face-pushback-over-ads?utm_source=rss_feed Thu, 12 Mar 2020 13:56:40 +0000 Smart TV owners in China are tired of televisions that spam them with ads from the moment they start up. Local consumer rights groups are now pushing back, claiming the ads infringe on users’ rights. One group published a draft on Tuesday for regulating smart TV advertising that covers ads displayed during start-up. The Jiangsu Consumer Council’s proposal stipulates that users should be able to turn off TV ads and that the duration ads should not exceed 30 seconds, local media reported. Ads on... https://www.scmp.com/china-tech-city/chinese-smart-tvs-face-pushback-over-ads/article/3074944?utm_source=rss_feed https://www.scmp.com/china-tech-city/chinese-smart-tvs-face-pushback-over-ads/article/3074944?utm_source=rss_feed Thu, 12 Mar 2020 13:56:39 +0000 If South Korea “pushes things to the extreme” in its trade dispute with Japan, Seoul could limit exports of organic light emitting diode (OLED) screens that companies such as electronics giant Sony need, an engineering expert has warned. In such an event, Sony would not be able to sell high-end television sets due to a shortage of panels, Park Jea-gun, president of the Korean Society of Semiconductor and Display Technology, told the Korea JoongAng Daily. “Semiconductors sold to Sony and Sharp... https://www.scmp.com/news/asia/east-asia/article/3017474/no-oled-screens-japan-if-trade-dispute-pushed-extreme-south?utm_source=rss_feed https://www.scmp.com/news/asia/east-asia/article/3017474/no-oled-screens-japan-if-trade-dispute-pushed-extreme-south?utm_source=rss_feed Fri, 05 Jul 2019 23:00:09 +0000 Japan’s Sharp Corp said on Tuesday it will issue new shares worth about 200 billion yen (US$1.8 billion), sending shares of the company tumbling. The Japanese electronics unit of Taiwan’s Foxconn plans to use most of the funds to buy back preferred shares from its main lenders Mizuho Financial Group and Mitsubishi UFJ Financial Group. Earlier in the day, Sharp said it will buy Toshiba Corp’s personal computer business for 4 billion yen ($36 million), highlighting its recovery under the control... https://www.scmp.com/tech/article/2149352/roller-coaster-ride-sharp-it-unveils-new-share-issue-toshiba-pc-buy?utm_source=rss_feed https://www.scmp.com/tech/article/2149352/roller-coaster-ride-sharp-it-unveils-new-share-issue-toshiba-pc-buy?utm_source=rss_feed Tue, 05 Jun 2018 08:00:19 +0000 Taiwan’s Foxconn put its takeover of electronics maker Sharp on hold on Thursday after it said it had received “new material information” from the Japanese company, throwing into doubt what was set to be the biggest takeover by a foreign firm in Japan’s technology sector. Loss-making Sharp announced earlier on Thursday that it had agreed to be bought by Foxconn, a contract manufacturing firm that is a major supplier of ­iPhones to Apple. But, in a separate statement issued just hours later,... https://www.scmp.com/business/companies/article/1916653/foxconns-sharp-deal-hits-last-minute-problem?utm_source=rss_feed https://www.scmp.com/business/companies/article/1916653/foxconns-sharp-deal-hits-last-minute-problem?utm_source=rss_feed Thu, 25 Feb 2016 08:37:10 +0000 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. Sharp shares skidded 9 percent to two-year lows after the maker of screens for Apple Inc’s iPhones said it now doesn’t expect to meet an earlier forecast a 30 billion yen (US$255 million) net profit in the 12 months ending March. The warning dashed investor hopes that growing sales... https://www.scmp.com/business/companies/article/1681862/japans-sharp-issues-profit-warning-shares-tumble-2-year-low?utm_source=rss_feed https://www.scmp.com/business/companies/article/1681862/japans-sharp-issues-profit-warning-shares-tumble-2-year-low?utm_source=rss_feed Mon, 19 Jan 2015 06:45:00 +0000 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. The company plans a public offering of 90 billion yen by end-September, Kyodo news agency reported, while two sources familiar with the matter said it plans to raise 10 billion yen through a share sale to housing... https://www.scmp.com/business/money/markets-investing/article/1286121/sharp-aims-raise-us1b-share-sales-end-sept-kyodo?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1286121/sharp-aims-raise-us1b-share-sales-end-sept-kyodo?utm_source=rss_feed Fri, 19 Jul 2013 05:52:28 +0000 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. The new venture will be 92 per cent owned by CEC, which supplies equipment to China's military. The venture will set up a liquid crystal display plant with the goal of mass-producing panel displays for televisions,... https://www.scmp.com/business/companies/article/1270607/sharp-forms-joint-venture-state-owned-china-electronics-corp?utm_source=rss_feed https://www.scmp.com/business/companies/article/1270607/sharp-forms-joint-venture-state-owned-china-electronics-corp?utm_source=rss_feed Thu, 27 Jun 2013 16:00:00 +0000 Solargiga Energy Holdings, a solar power product and solar farms developer, is pinning its hopes on the Japanese market to pull it out of the industry doldrums this year amid rising trade barriers from Europe against mainland products. The Liaoning-based firm 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. "The Japanese market offers the... https://www.scmp.com/business/companies/article/1270603/solargiga-hopes-japanese-market-can-pull-it-out-doldrums?utm_source=rss_feed https://www.scmp.com/business/companies/article/1270603/solargiga-hopes-japanese-market-can-pull-it-out-doldrums?utm_source=rss_feed Thu, 27 Jun 2013 16:00:00 +0000 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. Sharp, which was rescued from failure by its banks in October, is pursuing the partnership to expand low-cost LCD production, the sources said on condition they not be identified. Sharp will receive several hundreds of millions of dollars in fees for its advanced IGZO technology while... https://www.scmp.com/lifestyle/technology/article/1269438/sharp-may-sell-igzo-lcd-technology-chinas-cec-sources?utm_source=rss_feed https://www.scmp.com/lifestyle/technology/article/1269438/sharp-may-sell-igzo-lcd-technology-chinas-cec-sources?utm_source=rss_feed Wed, 26 Jun 2013 07:30:56 +0000 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. OmniVision forecast an adjusted, first-quarter profit of 35-52 cents per share, well above the 28 cents analysts were expecting on average. The company said it expected current-quarter revenue of US$355-US$390 million, above the... https://www.scmp.com/business/companies/article/1250352/chinese-smartphone-makers-boost-omnivisions-outlook?utm_source=rss_feed https://www.scmp.com/business/companies/article/1250352/chinese-smartphone-makers-boost-omnivisions-outlook?utm_source=rss_feed Fri, 31 May 2013 02:49:10 +0000 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. However, Sharp said it expected to return to profitability this fiscal year. "We apologise for having to book huge losses for two straight... https://www.scmp.com/business/companies/article/1237383/sharp-seek-samsung-edge-survival-apple-sales-lose-steam?utm_source=rss_feed https://www.scmp.com/business/companies/article/1237383/sharp-seek-samsung-edge-survival-apple-sales-lose-steam?utm_source=rss_feed Tue, 14 May 2013 01:46:11 +0000 Sharp expected to announce China job cuts Struggling Japanese electronics giant Sharp sets out its plans for a turnaround at its headquarters in Osaka. According to reports last month, the plan will see a further 5,000 jobs cut, including at television plants in China and Malaysia, as the company looks to reduce its workforce to about 46,000 in time for the 2015 fiscal year. The firm is also expected to announce a reshuffle of its management.   Australia announces budget plan Australia's... https://www.scmp.com/comment/insight-opinion/article/1237070/talking-points?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1237070/talking-points?utm_source=rss_feed Mon, 13 May 2013 16:00:00 +0000 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. Japan's benchmark Nikkei 225 Index climbed 2.9 per cent yesterday as a weaker yen boosted the outlook for... https://www.scmp.com/business/companies/article/1234933/sharp-news-5000-more-staff-go?utm_source=rss_feed https://www.scmp.com/business/companies/article/1234933/sharp-news-5000-more-staff-go?utm_source=rss_feed Fri, 10 May 2013 16:00:00 +0000 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. Sharp, the largest shareholder in Pioneer, aims to sell the 30 million shares in a lump-sum deal as early as this month to companies that can expect synergies... https://www.scmp.com/business/money/market-snapshot/article/1215115/japans-sharp-jumps-14pc-pioneer-sale-report?utm_source=rss_feed https://www.scmp.com/business/money/market-snapshot/article/1215115/japans-sharp-jumps-14pc-pioneer-sale-report?utm_source=rss_feed Mon, 15 Apr 2013 03:48:29 +0000 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. Talks had not led to a deal partly because the companies could not agree on a price after Sharp's shares declined, said one of the people. Sharp shares fell the most in two months yesterday, the biggest decline among companies in the Tokyo Stock Exchange's first section. Stumbling blocks in the talks... https://www.scmp.com/business/companies/article/1158644/sharp-foxconn-talks-set-end-no-stake-deal?utm_source=rss_feed https://www.scmp.com/business/companies/article/1158644/sharp-foxconn-talks-set-end-no-stake-deal?utm_source=rss_feed Mon, 25 Feb 2013 16:00:00 +0000 Bad loans at Spain's banks hit new record The mountain of bad loans held by Spain's banks grew to a new record in November, with more than one in nine at risk of not being repaid. The level of doubtful loans - mostly for real estate - reached 11.38 per cent of total loans, up from 11.23 per cent in October, the Bank of Spain said yesterday. It was the highest level since existing records began in 1962. AFP   China adds to reserves of oil, gas, minerals China discovered more than 1.4 billion... https://www.scmp.com/business/china-business/article/1131295/briefs-january-19-2013?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1131295/briefs-january-19-2013?utm_source=rss_feed Fri, 18 Jan 2013 16:00:00 +0000 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. Citing unnamed sources, both the Nikkei daily and Jiji Press reported that Sharp was negotiating to sell its liquid-crystal display (LCD) television assembly plant in Nanjing to Lenovo and then establish a joint venture with the computer maker to sell televisions on the mainland. The news may have... https://www.scmp.com/business/companies/article/1130039/lenovo-sharp-partner-tv-manufacturing-say-reports?utm_source=rss_feed https://www.scmp.com/business/companies/article/1130039/lenovo-sharp-partner-tv-manufacturing-say-reports?utm_source=rss_feed Thu, 17 Jan 2013 03:38:32 +0000 AirAsia founders plan to list insurance firm The Malaysian founders of AirAsia are expected to launch a US$65 million initial public offering of Tune Insurance by the end of next month, two people close to the deal said. It would be the first of three initial share sales to raise a combined US$500 million that Tony Fernandes and Kamarudin Meranun are planning this year. Tune Insurance is a unit of conglomerate Tune Group, which the two men own. Reuters   Large appliances help improve Sharp's... https://www.scmp.com/business/china-business/article/1122494/briefs-january-8-2013?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1122494/briefs-january-8-2013?utm_source=rss_feed Mon, 07 Jan 2013 16:00:00 +0000 China Tianrui set to resume trading today China Tianrui Group Cement will resume trading today, it said in a filing to the Hong Kong stock exchange. The filing clarified its financial status and its capability of settling bank loans of 3.6 billion yuan (HK$4.4 billion) and short-term bonds of one billion yuan when they mature this month and in April. The announcement was made after local media quoted an organisation called Online Stock Investigation Group, which questioned its finances. The... https://www.scmp.com/business/china-business/article/1117802/business-digest-january-2-2013?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1117802/business-digest-january-2-2013?utm_source=rss_feed Tue, 01 Jan 2013 16:00:00 +0000 Japan’s battered electronics giants are in a race against time, analysts say, as losses that threaten their very survival mount and as overseas rivals look like they are running away with the show. The latest earnings season has been ugly for the likes of Panasonic and Sharp, which say they will post an eye-watering combined annual loss of more than US$15 billion, underlining fears about the sector’s future. Money-losing Sony offered a glimmer of hope by saying it was still on course to eke out... https://www.scmp.com/business/companies/article/1075012/japans-electronics-sector-race-against-time?utm_source=rss_feed https://www.scmp.com/business/companies/article/1075012/japans-electronics-sector-race-against-time?utm_source=rss_feed Sun, 04 Nov 2012 07:01:23 +0000 Sharp plans to cut more than 10,000 jobs, or about 18 per cent of its workforce, and is in talks to sell plants as the Japanese television maker tries to return to profit, two people with knowledge of the proposal say. The job cuts and sales of television factories in Mexico, China and Malaysia and United States solar developer Recurrent Energy were part of a plan the company presented to its lenders on Monday, the people said, declining to be identified because the matter is not public. Sharp... https://www.scmp.com/business/companies/article/1048090/troubled-sharp-corp-plans-big-job-cuts-and-asset-sales?utm_source=rss_feed https://www.scmp.com/business/companies/article/1048090/troubled-sharp-corp-plans-big-job-cuts-and-asset-sales?utm_source=rss_feed Wed, 26 Sep 2012 16:00:00 +0000 Sharp’s president will travel to Taiwan this week in a bid to conclude a deal that will make Hon Hai Precision Industry the embattled Japanese TV maker’s biggest shareholder, the Sankei daily reported on Monday. Sharp president Takashi Okuda will meet with Hon Hai’s chairman, Terry Gou, the paper said, without citing sources. Gou, who travelled to Japan last week, returned home on Thursday, having cancelled a planned meeting with Sharp’s senior executives slated for Friday. “We can’t disclose... https://www.scmp.com/business/companies/article/1028653/sharp-seek-hon-hai-deal-taiwan-week?utm_source=rss_feed https://www.scmp.com/business/companies/article/1028653/sharp-seek-hon-hai-deal-taiwan-week?utm_source=rss_feed Mon, 03 Sep 2012 02:38:27 +0000 Sharp Corp and Hon Hai Precision Industry will agree this month to stick to a March plan for the Taiwanese company to take a 9.9 per cent stake in the troubled Japanese TV maker, the Yomiuri newspaper reported on Monday, quoting an interview with the Sharp president. Okuda in an interview with Japan’s biggest daily “did mention that our position of having a 9.9 per cent investment ratio from Hon Hai still exists,” Sharp spokeswoman, Miyuki Nakayama said. A Hon Hai spokesperson also said the... https://www.scmp.com/business/companies/article/1023044/sharp-hon-hai-precision-agree-stick-existing-stake-plan-newspaper?utm_source=rss_feed https://www.scmp.com/business/companies/article/1023044/sharp-hon-hai-precision-agree-stick-existing-stake-plan-newspaper?utm_source=rss_feed Mon, 27 Aug 2012 02:03:26 +0000 Sharp Corp and Hon Hai Precision Industry will agree this month to stick to a March plan for the Taiwanese company to take a 9.9 per cent stake in the troubled Japanese TV maker, the Yomiuri newspaper reported on Monday, quoting an interview with the Sharp president. Okuda in an interview with Japan’s biggest daily “did mention that our position of having a 9.9 per cent investment ratio from Hon Hai still exists,” Sharp spokeswoman, Miyuki Nakayama said. A Hon Hai spokesperson also said the... https://www.scmp.com/business/companies/article/1023043/sharp-hon-hai-precision-agree-stick-existing-stake-plan-newspaper?utm_source=rss_feed https://www.scmp.com/business/companies/article/1023043/sharp-hon-hai-precision-agree-stick-existing-stake-plan-newspaper?utm_source=rss_feed Mon, 27 Aug 2012 02:03:24 +0000 Sharp Corp and Hon Hai Precision Industry will agree this month to stick to a March plan for the Taiwanese company to take a 9.9 per cent stake in the troubled Japanese TV maker, the Yomiuri newspaper reported on Monday, quoting an interview with the Sharp president. Okuda in an interview with Japan’s biggest daily “did mention that our position of having a 9.9 per cent investment ratio from Hon Hai still exists,” Sharp spokeswoman, Miyuki Nakayama said. A Hon Hai spokesperson also said the... https://www.scmp.com/business/companies/article/1023042/sharp-hon-hai-precision-agree-stick-existing-stake-plan-newspaper?utm_source=rss_feed https://www.scmp.com/business/companies/article/1023042/sharp-hon-hai-precision-agree-stick-existing-stake-plan-newspaper?utm_source=rss_feed Mon, 27 Aug 2012 02:03:18 +0000 Sharp Corp’s main creditors Mizuho Corporate Bank and Mitsubishi UFJ Financial Group are considering extending about 200 billion yen (US$2.52 billion) in new loans to the struggling TV maker, Japanese media reported, sending its shares higher on Thursday. The embattled company, with debt of 1.25 trillion yen (US$16 billion), is scrambling for money to refinance as much as 360 billion yen of short-term commercial paper and a 200 billion-yen convertible bonds maturing in September next... https://www.scmp.com/business/companies/article/1021582/sharp-may-get-new-help-creditors-media?utm_source=rss_feed https://www.scmp.com/business/companies/article/1021582/sharp-may-get-new-help-creditors-media?utm_source=rss_feed Thu, 23 Aug 2012 01:13:27 +0000