Apple Gets Sharp To Devote An Entire Plant For Itself
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May. 14, 2013, 6:14 AMSharp (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. | Comment!
May. 14, 2013, 6:02 AM
Apr. 10, 2013, 8:37 PMSharp (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. | Comment!
Feb. 4, 2013, 3:07 AMPanasonic (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. | Comment!
Nov. 1, 2012, 4:42 AMSharp (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
Apr. 27, 2012, 2:56 AM
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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
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