Japanese display manufacturer Sharp, Apple's suppliers, as the goal, to improve the sales of the iPhone maker's rivals Samsung Electronics Co., Ltd. under a three-year rehabilitation roadmap posted a worse than expected $ 540 billion The net loss in the last financial year.
Business plan announced Tuesday, will also rely on the bank of 15 billion yen ($ 1.5 billion) of funds, they saved it from failure last year, due to a 200 billion yen convertible bonds Day in September.
"For Sharp, the way forward is to establish alliances to generate new opportunities, said:" Kozo Takahashi, who on Tuesday was appointed president after his predecessor held less than one year.
Takahashi said Sharp, resellers big screen for the struggling TV business is focused on the left last year, excess capacity will double, reaching two-thirds of customers such as Samsung and Apple production panel.
He added that Sharp will expand the small screen smart phones and other mobile devices used in technical cooperation with Samsung.
Sharp estimated 8 billion yen operating profit for the year to March 31 next year, more than Thomson Reuters I / B / E / S survey of 13 analysts' average estimate of 5.29 billion yen. Following in the just-concluded business year operating loss of ? 14.627 billion and 54.535 billion yen net loss.
It will by March 2016 to this year's full-year operating profit target of 150 billion yen, the line to 10 billion to 20 billion yen in March 2008 to a five-year period, before being hit in the TV and display business, a strong overcapacity in the yen and competition from rival South Korea and Taiwan.
Sharp was rescued in October last year, an emergency loan of 360 billion yen, Mizuho Financial Group, Mitsubishi Financial Group and other loans. In return, it has mortgage offices and factories in Japan, including Apple's iPad and the latest iPhone screen.
The company also agreed to reduce its 10,000 employees and seeks to buy overseas assets, including television assembly plant in China, Malaysia and Mexico.
Sharp said on Tuesday, Mizuho and Mitsubishi Tokyo UFJ Bank will each nominate a senior executive to serve on its board of directors and senior management.
Slower growth
Sharp recovery, however, a key challenge is to keep its factories busy enough to make a profit, despite Apple's iPad and iPhone screen slowdown in the growth of its business, which will satisfy its creditors.
Analysts expect Apple in the next decade, an average of less than 5% of the annual profit growth over the past five years an average of more than 60%.
In January of this year, Sharp had to cut the 9.7-inch iPad screen, damage output level, and threaten the recovery of its profitability. The Japanese company is preparing next month to begin mass production of the next generation of Apple's iPhone screen mode, familiar with the matter said.
Small display with Samsung Electronics in March, the cash-strapped Sharp 10.4 billion yen in a 3% stake, in exchange for the Capital Accord, Japan's leading liquid crystal display makers also committed to providing the world's largest mobile phone manufacturers Screen.
Takahashi said that the plant in a small screen, according to industry sources, the the production iPad screen from Samsung order to help maintain the volume rate.
He also saw the field of complementary technologies, Samsung has been at the cutting edge, ultra-thin organic light-emitting diode (OLED) screen, Sharp is a power-saving IGZO strong technical force.
"Samsung OLED IGZO, we are considering cooperation Although there is no specific is on the table," he said.
Sharp's shares have staged a turnaround in the sink for more than three decades since the minimum in October last year, and it is struggling with debt, and to seek relief.
Since mid-November, its share price has doubled more than tripled, Japan's Nikkei Stock Average rose 70%. Tuesday, before the earnings announcement, Sharp rose 4.9 percent to 531 yen, its highest close in more than a year.
But the company restore its shareholders' equity ratio reduced to 6%, from 9.6% at the end of 12 and 23.9% at the end of March, at the end of March last year, has a long way to go.
Tetsuo Onishi, financial person in charge on behalf of the director, told reporters that the company's three-year plan designed to get than back to the 15-20% range, this will need to recapture its financial investment-grade credit rating will be lost deterioration of the situation.
 
 



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