News

Sharp optimistic for 2014

08 000 2014

Sharp Electronics has seen particularly difficult times in the last couple of years, but has forecast a slim profit for the year to end March 2014.

Their share price has been hit badly by mutiple news items.  Sharp MFP sales have not been adversely hit however.  Last December DataMaster research showed that the new line of Hewlett Packard high-volume color A3 MFPs were to be rebadged Sharp machines. 

And now Sharp CEO Kozo Takahashi has provided a summary of Sharp's restructuring efforts worldwide: his plan is 90% complete.  Fixed costs are down 1.4 billion dollars, but this has involved 4,000 redundancies.  Sharp continues to sell its own holdings in other companies, and is looking for a buyer for a factory in Mexico.  Sharp has attained considerable investment by selling shares to Samsung, Qualcomm, Makita, Lixil Group and Denso.