• Kyodo


Struggling electronics maker Sharp Corp. plans to raise about ¥100 billion through a public stock offering to repay part of ¥200 billion in convertible debt due in September, sources said Tuesday.

The company’s two main creditor banks — Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi UFJ — have signed off on the plan amid signs of a pickup in Sharp’s performance, reversing an initial cautious stance, the sources said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.