SHCAF.PK: Sharp Corp (Osaka) StockTalks

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Tuesday, April 2, 7:46 AM Television shipments fell 6.3% Y/Y to 238.5M units in 2012, according to a report from IHS iSuppli. The firm isn't overly bullish on the industry with its forecast that TV shipments won't return to 2011 levels until 2015 with the global market saturated. The development means manufacturers may need to discount more to move product. TV blues: Sony (SNE), Panasonic (PC), Sharp (SHCAF.PK), LG, and Samsung (SSNLF.PK). Comment! [Consumer, Tech]
Wednesday, March 6, 4:41 AM Sharp's (SHCAY.PK) future looks a little more secure after confirming that Samsung (SSNLF.PK) has agreed to invest ¥10.3B ($110M) in the struggling Japanese company in return for a 3% stake. Sharp will also provide large TV panels to the Korean firm and increase the shipments of smaller LCDs. Samsung's investment adds to a $120M injection from Qualcomm (QCOM) in December. Sharp's shares surged 14.05% in Tokyo on reports of the latest deal. (PR) Comment! [Tech, Consumer, Top Stories, M&A]
Sunday, January 27, 2:50 AM Japan's government reportedly intends to carry out the first broadcast of ultra high-definition 4K TV in July next year and of 8K TV in 2016, with both dates two years ahead of schedule. It's good news for Sony (SNE), Panasonic (PC) and Sharp (SHCAF.PK), which have started selling 4K TVs. The products have four times the resolution of existing high-definition TVs. Comment! [Tech, Consumer]
Monday, December 10, 2012, 5:02 AM Panasonic (PC), Sony (SNE) and Sharp (SHCAF.PK) are selling real estate, business units, their shares in other companies, and other assets in a "garage sale" that could bring in a combined $3B. Panasonic intends to raise $1.34B by the end of March and could continue the sell-off after that. The struggling Japanese companies own fixed assets of $42B while having a combined market cap of $24B. Comment! [Tech, Consumer]
Thursday, November 29, 2012, 2:52 AM Dell (DELL) is the latest American corporation to be linked with a possible investment in Sharp (SHCAF.PK), adding to speculation of talks between the struggling Japanese firm and Intel (INTC) and Qualcomm (QCOM). Sharp is looking for up to ¥20B ($240M) from both Dell and Intel, and a smaller amount from Qualcomm. The negotiations with the U.S. companies come as talks about an investment from Taiwan's Hon Hai drag on. Comment! [Tech, Consumer]
Thursday, November 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) 8 Comments [Earnings, Tech, Consumer]
Friday, September 28, 2012, 3:42 AM Sharp (SHCAY.PK) secures ¥360B ($4.6B) of syndicated funding, comprising a ¥180B loan and a ¥180B credit facility that will replace an existing ¥150B arrangement. The financing will enable Sharp, which is a crucial supplier for Apple, to meet a deadline at the end of this month to redeem the bulk of ¥360B in commercial paper. Comment! [Top Stories, Consumer, Tech]
Thursday, September 13, 2012, 3:19 AM Sharp has finally started shipping LCD screens for the iPhone 5 following weeks of delays, the WSJ reports. The deliveries should help ease fears about whether Apple (AAPL) will be able to meet demand for the device, which the company introduced yesterday and for which pre-orders will begin tomorrow. Sharp is one of three screen suppliers for the iPhone 5. 9 Comments [Tech, Consumer]
Sunday, September 2, 2012, 4:35 AM Sharp (SHCAF.PK) President Takashi Okuda has told Nikkei that he's ready to sell a 9.9% stake in the troubled company to Hon Hai Precision Industry at a lower price than the ¥550 ($7.02) initially agreed to in March, since when Sharp's stock has plummeted. With Sharp relying on creditor banks to refinance billions of dollars in debt, Okuda hopes to complete a deal sharpish. Comment! [Tech, Consumer]
Friday, August 31, 2012, 4:37 AM Sharp hasn't yet started the mass production of screens for Apple's (AAPL) next iPhone, the WSJ reports. Sharp had hoped to have begun deliveries by now and it is unclear when it will be able to start, although the iPhone's two other screen suppliers, LG Display and Japan Display, have commenced shipments. Still, the delay at Sharp raises doubts about whether Apple will be able to meet demand. (earlier) 7 Comments [Tech, Consumer, Top Stories]
Thursday, August 23, 2012, 4:48 AM LG Display (LPL) started the manufacturing this month of screens with in-cell technology, which embeds touch sensors into the displays and avoids the need for a separate touch-screen layer. That allows devices to be thinner. This is all very exciting because of the fevered speculation that the screens will be used in the next iPhone (AAPL). Sharp and Japan Display are also producing in-cell screens. 1 Comment [Tech, Consumer]
Monday, August 6, 2012, 5:47 AM Apple (AAPL), a major Sharp customer, is probably closely watching Foxconn's attempts to renegotiate its 9.9% investment in the Japanese company after its shares plunged last week following a profit warning and fell another 5.7% today. "Apple needs Sharp," says analyst Alberto Moel. "Sharp’s capacity is large enough that if it were taken offline, it could hurt Apple." 1 Comment [Tech, Consumer]
Monday, July 9, 2012, 6:09 AM Sharp will pay $198.5M to Dell (DELL) and two other companies as part of an out-of-court settlement over Sharp's TFT Displays & Accessories unit in North America and Europe. Comment! [Tech, Consumer]
Thursday, May 24, 2012, 5:43 AM Sony (SNE) will dissolve its LCD joint venture with Sharp (SHCAY.PK) by selling its entire stake in Sharp Display Products Corp. In return, Sony will get ¥10B ($125.8M), the same price it paid in when it started the JV. Comment! [Tech]
Friday, April 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. Comment! [Tech, Earnings]
Wednesday, December 28, 2011, 3:09 AM Samsung (SSNLF.PK), Sharp (SHCAY.PK) and five other Asian electronics companies have agreed to pay $552M to settle allegations of price-fixing on LCD screens. Comment! [Tech, Global & FX]

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