Sharp Corp. aims to bring the personal computer business it will buy from Toshiba Corp. into profitability in two years, President Tai Jeng-wu said Wednesday.
"We will turn it into the black in one to two years and recover our investments," Tai told reporters in Osaka a day after Sharp announced it will purchase Toshiba's loss-making PC unit for ¥4 billion ($36.4 million).
In the deal, Sharp will acquire an 80.1 percent stake in Toshiba Client Solutions Co., which once held the biggest share of the global laptop market but has since lost out to overseas rivals. The stock transfer is planned for Oct. 1.