Sharp announced last month that it will cancel the sale of shares in an affiliated company that produces LCD panels for TVs.
It is said that this is because there was a request from the seller to cancel the sale.
Sharp will stop selling Sakai Display Products, an affiliated company that produces large LCD panels for TVs.
It was established in 2009 with an investment of 430 billion yen as the world's largest LCD panel factory at that time, and Sharp holds a stake of more than 24% on a voting rights basis.
On the 25th of last month, it announced that it would sell all of its shares, but it was announced at a press conference on the financial results on the 12th that it would be canceled due to a request from the seller to cancel the sale.
I did not explain the details because of confidentiality.
The large LCD panel business requires a large amount of continuous investment and the price is liable to fluctuate, so the company aimed to stabilize its management, but it will continue to carry risks.
On the other hand, Sharp's sales of two and a half years from April 2018 will be affected by 7.5 billion yen due to the problem that inappropriate accounting treatment was found at the subsidiary `` Kantatsu'' that manufactures camera lenses for smartphones. Was announced.
President Katsuaki Nomura apologized for this and said, "We will work to strengthen governance."