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4-Traders Homepage  >  Equities  >  Tokyo  >  Sharp Corporation    6753   JP3359600008

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Sharp Plan Won't Add Hon Hai Capital Boost

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02/22/2013 | 02:45am CEST

TOKYO--Sharp Corp. (>> Sharp Corporation) won't include the so-far unrealized capital injection that it was supposed to get from Hon Hai Precision Industry Co. (>> Hon Hai Precision Industry Co., Ltd.) in its midterm business plan expected to be released at the end of March, the Yomiuri Shimbun reported in its Friday morning edition.

Last year the two companies agreed that Hon Hai would take a 9.9% stake in the Japanese electronics maker at Y550 per share for a total investment of Y66.9 billion, but the deal fell into disarray after Sharp's share price tumbled on the back of poor earnings projections. Sharp's shares were off 2.5% at Y313 in early trading in Tokyo Friday.

The Yomiuri report also said that Sharp is considering receiving a capital injection from creditor banks that does not include Hon Hai.

Sharp later said in a statement that nothing has been decided on the matter and the report is not based on something that the company has released.

Write to Tokyo Bureau at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Sharp Corporation, Hon Hai Precision Industry Co., Ltd.
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Financials ( JPY)
Sales 2018 2 256 116 M
EBIT 2018 -
Net income 2018 47 959 M
Debt 2018 127 133 M
Yield 2018 -
P/E ratio 2018 51,64
P/E ratio 2019 45,76
EV / Sales 2018 0,99x
EV / Sales 2019 0,95x
Capitalization 2 097 913 M
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Mean consensus UNDERPERFORM
Number of Analysts 12
Average target price 212  JPY
Spread / Average Target -50%
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NameTitle
Cheng Wu Tai President & Representative Director
Mototaka Taneya Executive Officer, GM-Research & Development
Yoshisuke Hasegawa Director & Senior Managing Executive Officer
Masahiro Okitsu Director & Managing Executive Officer
Katsuaki Nomura Representative Director & Senior GM-Administration
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