Sharp spins off its business to become a Hong Hai subsidiary August 12, 3:11:13
Twelve years have passed since Sharp became a subsidiary of Taiwan-based Hong Hai Precision Industry. The company is making efforts to create a system that makes it easy to receive investments from other companies by promoting the spin-off of business.
On August 12, three years ago, Sharp received a 380 billion yen investment from Hong Hai Precision Industry and became a subsidiary.
Profitability has increased as a result of bold cost reductions such as the closure of factories and the reduction of domestic production of white goods.
On the other hand, Sharp returned to the first section of the Tokyo Stock Exchange in December, but its stock price has been sluggish to less than one-third compared to that time.
For this reason, the company is focusing on creating a system that makes it easier to receive investment from other companies by splitting off growth fields.
In April, we separated our semiconductor business, which requires huge investment.
In addition, businesses such as IoT that connects all things to the Internet, will be spun off to the prospect of the year in October.
Sharp is expected to expand its business by collaborating with other companies without taking up all the growth fields in-house and also aim to raise its stock price, which is sluggish.