SHARP spin off panel career n bomb: no consideration

The Japanese LCD panel maker SHARP (Sharp) at the outbreak of the financial crisis at the beginning, had vowed to not consider the spin off the LCD panel business, just after SHARP President Takahashi Kimi was in April 9th in Shenzhen Chinese said in an interview with reporters, SHARP is considering a spin off panel business, but Takahashi Kimi was in yesterday (May 14th) earnings conference and instead, that did not consider the spin off panel business.

Takahashi Kimi

Nikkei news reports, Takahashi Kimi said at the 14 earnings briefing, said at this stage did not consider the need to split the LCD panel business. He said, SHARP plans in October into the "company branch system", then the panel, home appliances, electronic components and other 5 career change to have the independent operation rights agency within the company, and in the current plans to spin off, did not consider the cause of the panel.

According to Japanese media pointed out that newswitch, said Takahashi Kimi 14, in the latest medium-term business plan, if the lack of the LCD panel, the mid-term plan can not be achieved, it is not possible to spin off panel career, even a few percent of the shares or assets, because once the cause of the panel is to give up the middle split operation plan.

SHARP announced a new medium-term business plan in 14 days (during the 2015-2017 annual business plan, operating, and stressed that the Takahashi Kimi reconstruction plan), will completely withdraw from unprofitable business, and the reconstruction plan will not have any "Sanctuary (not touch business)".

But SHARP announced the reconstruction plan is to cut fixed costs such as "downsizing" as the center, that is to be the number of employees about 50 thousand since the global layoffs 1, which Japan will before the end of September to recruit voluntary early retirement the abolition of 3500 employees, is located in the city of Osaka also plans to sell a fold the wild area headquarters building, but before the Japanese TV to shut down the factory, sold overseas TV factories and electronic parts factory closed plan is completely invisible.

Japanese media Asahi Shimbun 15 reported that the focus of SHARP's reconstruction plan around the downsizing, which is expected to allow SHARP to get rid of the loss of the situation, but can not see how the future of the company in the future. Reported that Takahashi Kimi said that the production of LED and LCD TV Japan Mihara factory main factory "Tochigi factory" is to review once close, but now do not consider.

According to the Nikkei 15 report pointed out that the lack of SHARP announced the reconstruction plan and specific policies, so it still can not see the company's future growth strategy where the reconstruction plan can only be said to be a "half hearted" plan. The report notes that in the SHARP redevelopment plan can be said to be specific countermeasures only SHARP considered the end of Oceania and Canada's television career.

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