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Sharp Corp (SHCAY.PK)

SHCAY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Sharp CEO says has joined bidding for Toshiba's chip business
Friday, 26 May 2017 03:20am EDT 

May 26 (Reuters) - Sharp Corp <6753.T>::Sharp CEO says wants to build LCD panel plant in US if conditions are met and competitiveness ensured.Sharp CEO says has joined bidding for Toshiba's chip business, cannot comment further.  Full Article

Sharp announces joint management commercialization of μLED display
Monday, 22 May 2017 12:48am EDT 

May 22(Reuters) - Sharp Corp :Says it will take a part in joint management commercialization of μLED display, with U.S.-based firm eLux Inc., British Virgin Islands-based firm CyberNet Venture Capital Corporation, Taiwan-based firm Advanced Optoelectronic Technology Inc. and Innolux Corporation, through offering μLED display production technology related patents to eLux Inc., on Oct. 1.Says the company will have 31.8 percent voting rights in eLux Inc..  Full Article

Sharp likely to achieve net profit of around 40 bln yen in fiscal 2017 - Nikkei
Friday, 19 May 2017 01:06pm EDT 

May 19 (Reuters) - Nikkei::Sharp likely will achieve a net profit of around 40 billion yen ($359 million) in fiscal 2017 - Nikkei.Sharp Corp sales could top 2.2 trillion yen in financial year 2017, up at least 10% over fiscal 2016 - Nikkei.  Full Article

Sharp unit SEC says withdrawal of lawsuit filed by Lone Star Technological Innovations LLC
Friday, 31 Mar 2017 04:31am EDT 

Sharp Corp <6753.T> : Says withdrawal of lawsuit filed by Lone Star Technological Innovations LLC against the co's US-based unit Sharp Electronics Corp, regarding two patents infringement .The unit will pay $435,000 as patent royalty.  Full Article

Foxconn, Sharp thinking about constructing LCD factories in China - Nikkei
Friday, 9 Dec 2016 12:26pm EST 

Nikkei: Hon Hai Precision Industry and Sharp are thinking about constructing LCD factories in China - Nikkei . Foxconn and Sharp intend to begin low-cost mass production of liquid crystal display panels for televisions as early as 2019 - Nikkei . While Foxconn, Sharp's China LCD factory project would likely be partly subsidized by local govts, total investment could exceed 800 billion yen - Nikkei . Hon Hai is expected to provide the bulk of the funding for the TV panel plant, while Sharp would apply technology it has already developed - Nikkei .Foxconn, Sharp are eyeing Guangzhou as the plant site for LCD factory but are likely also negotiating with other municipalities - Nikkei.  Full Article

Sharp plans sale of shares in unit SBC to NTT DATA CORP
Wednesday, 2 Nov 2016 03:18am EDT 

Sharp Corp <6753.T> : Says co plans to sell 48,896 shares of Sharp's sub-subsidiary, Sharp Business Computer Software Inc (SBC), which is owned indirectly by Sharp through its subsidiary, Sharp Business Solutions Corporation (SBS), and to form an alliance with NTT Data regarding the operation of SBC . SBS's ratio of voting rights in SBC will be lowered to 20 percent down from 100 percent after transaction .Transaction amount is 2.45 billion yen and date of share transfer is Jan. 1, 2017.  Full Article

Fundely cooperates with Sharp Corp in information distribution service on consumer electronics
Monday, 17 Oct 2016 02:23am EDT 

Fundely Co Ltd <3137.T>:Says it entered into agreement with Sharp Corp <6753.T> to develop information distribution service on consumer electronics, since Oct. 17.  Full Article

Sharp to buy fixed assets for 3,317 mln yen
Friday, 14 Oct 2016 04:20am EDT 

Sharp Corp <6753.T>: Says it to buy fixed assets including land, building and equipment for about 3,317 million yen .Says transaction will effective on Dec. 1.  Full Article

Sharp Corp to become main supplier of LCD panels to Universal Media - Nikkei
Thursday, 13 Oct 2016 01:02pm EDT 

Nikkei: Sharp Corp will become the main supplier of LCD panels to Universal Media Corp - Nikkei .Universal Media Corp licensed to sell Sharp-brand televisions in Europe - Nikkei.  Full Article

Sharp Corp names Doug Albregts president, CEO of Sharp Electronics Corp
Thursday, 13 Oct 2016 10:39am EDT 

Sharp Corp <6753.T>: Sharp Corporation appoints Doug Albregts as president and chief executive officer of Sharp Electronics Corporation .Albregts will officially succeed Toshiyuki Osawa.  Full Article


Sharp returns to first quarter profit on Foxconn's cost-cut drive, beats estimates

TOKYO Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn.