In order to alleviate the current operational crisis, Sharp, who was gradually sung by the outside world, finally extended a helping hand to the Japanese syndicate. According to Japanese media reports, the Sharp Corporation, which is reorganizing its operations, has raised a total of 300 billion yen in additional financing to the Japanese Mizuho Corporate Bank and Mitsubishi Tokyo UFJ Bank. The financing will be available as early as September 20.
At the end of August, Sharp had already secured a 150 billion yen financing agreement with the Japanese syndicate for domestic factories, land, buildings, etc., and Sharp’s current danger requires more funds to implement the reorganization plan. . Japan’s Mizuho Financial Group President and President of the National Banking Association of Japan, Sato Kangbo, said at a press conference held on the afternoon of September 13 that they would fully support Sharp, which is in financial crisis. He believes that for companies with core technology in Japanese manufacturing, financial institutions should support as much as possible, and claim that this is also one of the fundamental functions of finance, and stressed that the position of consistent support for Sharp has not changed. He revealed at the time that a clear support policy would be formulated to help Sharp solve the problem of financing.
The syndicate also made a request to Sharp for assistance, that is, in the second half of fiscal year ending March 2013, Sharp can reduce its operating deficit and gradually realize profitability. Sharp President Takashi Okuda spoke to employees on Friday (September 14th) on the day before the 100th anniversary of Sharp's founding, vowed to implement restructuring measures to ensure Sharp's fiscal year 2013 begins in April next year. Return to profit.
Due to the slump in sales of LCD TVs and the sluggish liquid crystal display (LCD) business, the struggling Japanese electronics manufacturer’s net loss in fiscal year 2011 reached 376 billion yen. It is expected that the fiscal year 2012 will still suffer losses and losses. It may reach 250 billion yen. Currently, Sharp has announced plans to lay off 5,000 people and cut salaries and bonuses for employees and executives.
Sharp's cooperation with Hon Hai is seen as a life-saving straw for Sharp to reverse the crisis, but from the latest progress, it is unknown whether this life-saving straw can be held in the hands of Sharp. Sharp said on September 14 that negotiations with Hon Hai Precision have been suspended, and that the Taiwanese company has requested to enter the management to invest, and the negotiations in the past week have not made any progress. Hon Hai’s chairman, Guo Taiming, also said in Taipei at the end of August that Sharp would only buy shares if he agreed to have a say in the company’s business strategy.
After a hundred years of Sharp's performance in the past one or two years, it seems to have been faltering, but an industry insider said that it is probably too one-sided to sing the Sharp company based on the current situation. According to experience, Japanese companies have a strong self-remodeling power in the crisis. It is only a matter of time to solve these operational and strategic difficulties. The most incredible thing for Japanese companies is that they are likely to adopt new technologies based on their own fundamental skills. The face turned a big turn, and often the areas they turned to invest in Chinese companies are not good or not.
At the end of August, Sharp had already secured a 150 billion yen financing agreement with the Japanese syndicate for domestic factories, land, buildings, etc., and Sharp’s current danger requires more funds to implement the reorganization plan. . Japan’s Mizuho Financial Group President and President of the National Banking Association of Japan, Sato Kangbo, said at a press conference held on the afternoon of September 13 that they would fully support Sharp, which is in financial crisis. He believes that for companies with core technology in Japanese manufacturing, financial institutions should support as much as possible, and claim that this is also one of the fundamental functions of finance, and stressed that the position of consistent support for Sharp has not changed. He revealed at the time that a clear support policy would be formulated to help Sharp solve the problem of financing.
The syndicate also made a request to Sharp for assistance, that is, in the second half of fiscal year ending March 2013, Sharp can reduce its operating deficit and gradually realize profitability. Sharp President Takashi Okuda spoke to employees on Friday (September 14th) on the day before the 100th anniversary of Sharp's founding, vowed to implement restructuring measures to ensure Sharp's fiscal year 2013 begins in April next year. Return to profit.
Due to the slump in sales of LCD TVs and the sluggish liquid crystal display (LCD) business, the struggling Japanese electronics manufacturer’s net loss in fiscal year 2011 reached 376 billion yen. It is expected that the fiscal year 2012 will still suffer losses and losses. It may reach 250 billion yen. Currently, Sharp has announced plans to lay off 5,000 people and cut salaries and bonuses for employees and executives.
Sharp's cooperation with Hon Hai is seen as a life-saving straw for Sharp to reverse the crisis, but from the latest progress, it is unknown whether this life-saving straw can be held in the hands of Sharp. Sharp said on September 14 that negotiations with Hon Hai Precision have been suspended, and that the Taiwanese company has requested to enter the management to invest, and the negotiations in the past week have not made any progress. Hon Hai’s chairman, Guo Taiming, also said in Taipei at the end of August that Sharp would only buy shares if he agreed to have a say in the company’s business strategy.
After a hundred years of Sharp's performance in the past one or two years, it seems to have been faltering, but an industry insider said that it is probably too one-sided to sing the Sharp company based on the current situation. According to experience, Japanese companies have a strong self-remodeling power in the crisis. It is only a matter of time to solve these operational and strategic difficulties. The most incredible thing for Japanese companies is that they are likely to adopt new technologies based on their own fundamental skills. The face turned a big turn, and often the areas they turned to invest in Chinese companies are not good or not.
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