Member access

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


SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll 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.
Recommend :
React to this article
3d ago SHARP : Federal Contracts Awarded to Companies in New Jersey (Sept. 28)
3d ago SHARP : MILITARY $79,517 Federal Contract Awarded to Sharp Electronics
5d ago SHARP : to seek job cuts in Europe, forge ties with local firms
5d ago KANSAI ELECTRIC POWER : Kyodo Industry Brief (Sept. 26)
09/22 SHARP : Laboratories of America Assigned Patent
09/22 SHARP : at CEATEC Japan 2014
09/18 SHARP : at CEATEC Japan 2014
09/16 Ten most active stocks on Tokyo Stock Exchange
09/15 SHARP : Laboratories of America Assigned Patent
09/12 SHARP : sells 8.05% stake in Pioneer
Duration : Period :
Sharp Corporation Technical Analysis Chart | 6753 | JP3359600008 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes