• Kyodo


Sharp Corp. has radically altered its ambitious capital reduction plan after government criticism of the attempt to ease its tax burden, sources familiar with the matter said Wednesday.

The struggling electronics maker had planned to reduce its capital from around ¥120 billion to ¥100 million or less, putting it into the tax category of small to medium-sized companies.

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.