Top executives of Sharp Corp. and its Taiwanese business partner, Hon Hai Precision Industry Co., began two days of talks Thursday over how to revise the terms of their capital tieup.

Sharp President Takashi Okuda and visiting Hon Hai Chief Executive Officer Terry Gou are aiming to reach a conclusion regarding Hon Hai's purchase of Sharp's private equity issue.

The two sides were not able to reach a conclusion Thursday and will continue talks Friday.