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Sharp Corp (6753.T)

6753.T on Tokyo Stock Exchange

17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Sharp to acquire stake in Kantatsu for 1.01 bln yen
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Sharp Corp <6753.T>:Says it will acquire 35,732 shares of Kantatsu Co., Ltd., for 1.01 billion yen in total, via exercise of warrants.Says it will raise voting power in Kantatsu Co., Ltd. to 53.5 percent from 44.3 percent after transaction .Effective Jan. 1, 2018 .  Full Article

Sharp says settlement of lawsuit
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Sharp Corp <6753.T>:Says co and General Electric Company reached settlement with RB/WH Rocky Mount CI, LLC and National Trust Insurance Company(plaintiffs), regarding a fire related lawsuit.Says co needs to pay $85,000 (about 9.7 million yen) to plaintiffs as settlement in this lawsuit.  Full Article

Sharp unit says lawsuit regarding copyright infringement dispute
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Sharp Corp <6753.T>:Says Shanghai-based firm withdrew a lawsuit against Nanjing-based unit NSEC and the previous news was disclosed on June 1 .  Full Article

Sharp Electronics Corp unit announces strategic alliance with Skywell
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Sharp Corp <6753.T>:Sharp Electronics Corporation​ - Sharp Imaging and Information Company of America, division of co, announced a strategic alliance with Skywell.  Full Article

Sharp CEO says has joined bidding for Toshiba's chip business
Friday, 26 May 2017 

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 

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 

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

Foxconn, Sharp thinking about constructing LCD factories in China - Nikkei
Friday, 9 Dec 2016 

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 

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 

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

BRIEF-Sharp shareholder sells 5.4 mln shares of co for 18.98 bln yen

* Says co's shareholder SIO International Holdings Limited sells 5.4 million shares of the co to Daiwa PI Partners Co. Ltd on Nov. 13