Sharp may dispose of non-core businesses in drastic restructuring: media report
Financially distressed Sharp Corp. is reportedly considering broadening the scope of its restructuring plan announced on August 2 to include the disposal of non-core businesses through the sale of operations such as office equipment, air conditioners and devices, and may even seek a partner to jointly operate its Kameyama fab, the base for IGZO LCD panel production, reported business daily Nikkei.
The report and follow ups—the Hon Hai group is demanding a 20% stake in Sharp and the banks have decided to extend an emergency loan to the struggling company—are buzzing around Sharp, which is closed this week for the summer holidays.
A spokesperson whom EmergingTech managed to contact said nothing has been decided but stated that Sharp has no intention of selling its air-conditioner business.
Sharp forecasts net loss of 250 billion yen, cutting jobs for first time in over 60 years (Aug. 10, 2012)