Sharp shares plunge on capital reduction reports

May 11, 2015

Sharp shares plunge on capital reduction reports

Sharp Corp. shares briefly tumbled by the daily limit of ¥80 on the Tokyo Stock Exchange on Monday morning, to slip below ¥200 for the first time since December 2012. The 31 percent fall to ¥178 per share came following reports that the struggling ...

Sharp considers shedding 5,000 jobs worldwide

Mar 19, 2015

Sharp considers shedding 5,000 jobs worldwide

Struggling electronics maker Sharp Corp. is considering shedding 5,000 jobs, or about 10 percent of its global workforce, informed sources said Thursday. To slash fixed costs, Sharp will also look at reducing salaries in Japan, the sources said. The fresh downsizing plan will likely ...

Mar 10, 2015

Sharp eyes LCD shift to business products

by Kazuaki Nagata

Sharp Corp. said Tuesday it aims to expand sales of LCD panels for business products to establish a more stable portfolio rather than depend on highly volatile consumer products. The struggling Osaka-based firm still has a technological edge in the LCD panel business, allowing ...

Sharp cuts smartphone panel production amid weak sales to China

Jan 21, 2015

Sharp cuts smartphone panel production amid weak sales to China

Sharp Corp. has cut its production of liquid crystal display panels for smartphones and tablet computers amid weak sales to Chinese makers, sources said Wednesday. The struggling electronics maker has reduced the output of its mainstay “Igzo” panels by about 20 percent from the ...

Sharp develops smartphone feature that speaks for itself

Nov 14, 2014

Sharp develops smartphone feature that speaks for itself

by Kazuaki Nagata

Premium smartphone models have become powerful communications and entertainment tools with bigger and clearer screens, high-spec processors and camera quality as good as their compact digital counterparts. But it has become tough for handset makers to differentiate themselves from their rivals, as hardware variations ...

Sep 8, 2014

Sharp putting U.S. solar unit Recurrent Energy up for sale

Sharp Corp. is seeking to sell its U.S. solar-energy development unit Recurrent Energy. The electronics maker has retained Bank of Nova Scotia to help shop San Francisco-based Recurrent, according to documents obtained by Bloomberg. The deal is Sharp’s latest step back from the solar ...

Softbank unveils new smartphone developed with Sprint

Aug 19, 2014

Softbank unveils new smartphone developed with Sprint

SoftBank Corp. unveiled on Monday a new smartphone developed with U.S. subsidiary Sprint Corp. to cut procurement costs and strengthen its product lineup. Manufactured by Sharp Corp., the first handset developed with the third-largest U.S. mobile phone carrier goes on sale in Japan on ...