Sharp Corp. ADR (SHCAY) - OTCPK - Current
  • May 14, 2015, 3:19 AM
    • Sharp (OTCPK:SHCAY) has secured a $1.7B bailout from banks, its second major rescue in three years, after its display business came under intense pricing pressure from Asian rivals.
    • Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ will inject a combined ¥200B in a debt-for-equity swap, while Japan Industrial Solutions will provide ¥25B in funding.
    • Sharp also posted a full-year net loss of ¥222.4B ($1.9B) today, its third loss in four years.
    | May 14, 2015, 3:19 AM | 1 Comment
  • May 14, 2013, 6:14 AM

    Sharp (SHCAY.PK) says it will replace its president and chairman effective June 25. The news comes after Japan's largest LCD display maker reported a record (and wider-than-expected) net loss of ¥545.35B for FY13, the largest loss in the firm's 100-year history. The company faces a tough road ahead with ¥330M in bond redemptions looming over the next two years and 10 times as many liabilities as cash. Nevertheless, management says it sees a net profit of of ¥5B in FY14, providing at least some hope that there is indeed a light at the end of the tunnel.

    | May 14, 2013, 6:14 AM
  • May 14, 2013, 6:02 AM
    Sharp (SHCAY.PK): FY13 net loss of ¥545.35B misses by ¥95.35B. Operating loss of ¥146.27B. Revenue of ¥2.48T. Outlook : FY14 net profit of ¥5B, operating profit of ¥80B, revenue of ¥2.7T.
    | May 14, 2013, 6:02 AM
  • Apr. 10, 2013, 8:37 PM

    Sharp (SHCAY.PK +9%) gains today after saying it's October-March operating profit will come in well above forecasts. The company likely generated slightly more than ¥20B ($200M) in group operating profit in the October-March period, surpassing the standing projection of ¥13.8B, thanks to such factors as payroll cutbacks and increased sales of LCD panels to Samsung Electronics.

    | Apr. 10, 2013, 8:37 PM
  • Feb. 4, 2013, 3:07 AM

    Panasonic (PC) shares surge 17.9% in Tokyo - the stock's biggest gain since September 1974 - after the company made a surprise profit in FQ3. "Panasonic seems to have turned a corner,” says fund manager Masamitsu Ohki. "That is easing investor concerns about its survival." Sony (SNE) climbed 7.5% ahead of its earnings on Thursday, while Sharp rose 5.5% after it last week reported its first operating profit in five quarters.

    | Feb. 4, 2013, 3:07 AM
  • Nov. 1, 2012, 4:42 AM

    Sharp (SHCAY.PK), a major supplier to Apple (AAPL) warns there is a "material doubt" about its ability to survive as it swings to a far larger than expected FQ2 net loss of ¥249.1B ($3.11B) from a net profit of ¥9.4B a year earlier, and as revenue falls to ¥645.5B. Books a special loss of ¥84.4B on restructuring costs and writes down deferred tax assets by ¥61B. Forecasts FY net loss of ¥450B vs previous prediction of ¥250B. (PR)

    | Nov. 1, 2012, 4:42 AM | 8 Comments
  • Apr. 27, 2012, 2:56 AM
    Sharp (SHCAY.PK) booked an extraordinary loss of ¥117.1B ($1.5B) for the fiscal year that ended in March due to restructuring costs and inventory losses. Sharp forecases an 18.7% fall in TV sales to 10M units in the current fiscal year.
    | Apr. 27, 2012, 2:56 AM
Company Description
Sharp and its subsidiaries are engaged in the manufacture and sale of consumer/information products and electronic components. Co.'s principal business segments are electronics equipment and electronics parts. Co.'s products include LCD color TVs, high vision TVsl color TVs, TV/VCR combos, DVD... More
Sector: Technology
Industry: Electronic Equipment
Country: Japan