Japan's Sharp: will look to profits, not share sale, to boost finances

OSAKA, Japan, July 1 Tue Jul 1, 2014 2:05am EDT

OSAKA, Japan, July 1 (Reuters) - Japan's Sharp Corp aims to bolster its depleted finances by boosting profits and is not considering a public share offering, which would be unrealistic so close on the heels of an offering last year, the display maker's president said.

Kozo Takahashi also told a roundtable for reporters on Tuesday that his company had not received a new offer for an equity investment from Taiwan's Hon Hai Precision Industry Co Ltd, and did not expect to make any large-scale investments in liquid crystal display manufacturing in the foreseeable future. (Reporting by Reiji Murai; Writing by Edmund Klamann; Editing by Chris Gallagher)

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