Member access

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


SummaryChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Sharp Plan Won't Add Hon Hai Capital Boost

02/21/2013 | 08:45pm US/Eastern

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

Subscribe to WSJ:

Stocks mentioned in the article : Sharp Corporation, Hon Hai Precision Industry Co., Ltd.
React to this article
11:20a Russian govt sees 2015 GDP down three percent, more optimistic than other for..
10:26a SHARP : to cut FY 2014 sales forecast by 100 bil. yen
07:35a SHARP : MILITARY $138,809 Federal Contract Awarded to Sharp Electronics
07:31aDJPanasonic Stops Making Televisions in China
01/30DJRussia Cuts Interest Rates -- 3rd Update
01/30DJIndia Changes GDP Calculation Method -- Update
01/30 TSX rises as oil and gold shares rally
01/30DJIndia Changes GDP Calculation Method -- Update
01/30DJTurkish Central Bank Intervenes to Stem Lira Slide
01/30 European shares enjoy best month in over three years
Duration : Period :
Sharp Corporation Technical Analysis Chart | 6753 | JP3359600008 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes