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    6753   JP3359600008

SHARP CORPORATION

(6753)
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Sharp eyes re-entering U.S. TV market in spring of 2022

10/18/2021 | 03:08pm EST

Japanese electronics manufacturer Sharp Corp. is considering making inroads into the U.S. television market starting in the spring of 2022 with plans to use a factory of its Taiwan parent company Hon Hai Precision Industry Co., sources familiar with the matter said Monday.

Teaming up with Roku Inc., a U.S. provider of TV streaming platforms, Sharp plans to sell 4K high-definition TVs with large, liquid-crystal displays and Roku software.

Amid flagging performance, Sharp withdrew from the U.S. TV market in 2016, selling the right to use its Aquos TV brand to China'sHisense Group.

After its acquisition by the Taiwan maker, however, Sharp reversed course and has explored the possibility of relaunching its TV business in the U.S. market.

The company headquartered in Osaka Prefecture previously announced a plan to re-enter the U.S. TV market in 2019, but opted against the move as it could not see the profitability.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HON HAI PRECISION INDUSTRY CO., LTD. 0.00% 103.5 End-of-day quote.12.50%
ROKU, INC. -1.65% 231.28 Delayed Quote.-30.34%
SHARP CORPORATION -0.84% 1301 End-of-day quote.-16.82%
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Analyst Recommendations on SHARP CORPORATION
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Financials
Sales 2022 2 520 B 22 165 M 22 165 M
Net income 2022 69 593 M 612 M 612 M
Net Debt 2022 360 B 3 164 M 3 164 M
P/E ratio 2022 11,4x
Yield 2022 2,46%
Capitalization 795 B 6 990 M 6 990 M
EV / Sales 2022 0,46x
EV / Sales 2023 0,44x
Nbr of Employees 50 478
Free-Float 36,5%
Chart SHARP CORPORATION
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Sharp Corporation Technical Analysis Chart | 6753 | JP3359600008 | MarketScreener
Technical analysis trends SHARP CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 11
Last Close Price 1 301,00 JPY
Average target price 1 335,45 JPY
Spread / Average Target 2,65%
EPS Revisions
Managers and Directors
Cheng Wu Tai Chairman & Chief Executive Officer
Katsuaki Nomura Executive President, COO & Representative Director
Mototaka Taneya Managing Executive Officer, GM-R&D Business
Yasuo Himeiwa Independent Outside Director
Yutaka Nakagawa Independent Director
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