Struggling Sharp Corp. said Thursday it has put up some of its properties, including its Osaka headquarters and flagship Kameyama plant in Mie Prefecture, as collateral for ¥150 billion in fresh bank loans, confirming earlier news reports.
The move underlines the deteriorating finances of the major maker of TVs and LCDs, which is saddled with massive short-term debts due this month.
Of Sharp's ¥1.2 trillion in overall debt as of the end of June, as much as ¥362 billion in commercial paper matures this month.