Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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 tokyo.djnews@dowjones.com

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

Stocks mentioned in the article : Sharp Corporation, Hon Hai Precision Industry Co., Ltd.
React to this article
Latest news on SHARP CORPORATION
07/29 SHARP : failed to report 10.3 bil. yen in income over 3 years
07/28 SHARP : Unveils New Digital Printing Colour Technology
07/24 Ten most active stocks on Tokyo Stock Exchange
07/21 Ten most active stocks on Tokyo Stock Exchange
07/17 SHARP : may log operating loss of 40 bil. yen in April-June
07/16 Sharp faces $282 million operating loss for April-June - Nikkei
07/14 SHARP : introduces washer-dryer with new stain removal system
07/14 Ten most active stocks on Tokyo Stock Exchange
07/02 SHARP : to Release Microwave Sensor Module
07/02 Ten most active stocks on Tokyo Stock Exchange
Advertisement
Chart
Duration : Period :
Sharp Corporation Technical Analysis Chart | 6753 | JP3359600008 | 4-Traders
Income Statement Evolution
More Financials