Sharp Corp. unveiled its first 5G smartphone model Monday, ahead of the ultrafast network service launch scheduled for March.

The Osaka-based electronics firm, reportedly the first Japanese maker to introduce a 5G-ready smartphone, has boasted the top share of the Android-based smartphone market in Japan for the past three years, but competition will likely be tougher in the 5G era as foreign rivals are also gearing up for the opportunity.

Sharp officials said the company won't see an immediate impact on its supply chain and production from the coronavirus outbreak, but it will closely monitor the situation if the crisis continues for a long time.