On May 14, Sharp announced its fiscal year 2012 earnings report. As the earnings report announced, there will be personnel changes at Sharp's top level: the current chairman, Mr. Katayama, will resign, and the current president, Oda Takashi, will serve as the unrepresented Sharp director. Long, and the new president is served by the current vice president, Takahashi Hiroshi.
The reporter was informed that the above appointment took effect on June 25 after being approved by the Sharp Shareholders' Meeting.
Zhao Huizhi, a researcher in the home appliance industry of China Investment Consulting Co., said that Sharp’s view on Takahashi Hiroshi is mainly due to his hope to use his experience to strengthen cooperation between Sharp and overseas companies.
Looking forward to changing coaches to achieve turnaround
It is understood that Takahashi Hiroshi has just served as the company's vice president last year and was promoted directly to the president this year. Sharp’s recognition of this life is a great hope for Takahashi Hiroshi.
Some media reports said that Takahashi Hiroshi had previously been responsible for the Sharp White Power Department and the US subsidiary, and his performance in developing overseas markets was good. Although Takahashi Hiroshi said publicly not long ago, "We need to say goodbye to Sharp we know these years. In addition to the company's founding principles, we need to be prepared to change everything about the company." But this time, he was killed. The pressure is not small.
The fiscal year 2012 earnings data has shown Sharp's current extremely difficult situation: a huge loss of 545.35 billion yen (about 5.4 billion US dollars), a record high in the company's history. According to Sharp's medium-term plan, it will achieve an operating profit of 80 billion yen and a net profit of 5 billion yen as of March next year. In the industry's view, this seems too big for Takahashi Hiroshi.
Zhao Huizhi said that under the current situation, it is very difficult for Sharp to achieve its medium-term goals. On the one hand, the current overall economy is still in flux; on the other hand, Sharp's current financial situation is more dangerous.
Wu Xianjian, secretary-general of the National Consumer Electronics Channels Alliance, believes that Sharp’s new president needs two considerations: on the one hand, competition with Samsung and Sony, how Sharp will position itself in the global market; on the other hand, Sharp’s China Market attitudes and perceptions are also crucial. What can be seen is that Sharp is still over-reliant on the domestic market in Japan. Whether it will abandon the Chinese market in the new strategy in the future, and then switch to other emerging markets and the markets of developed countries in Europe are still unknown.
Many potential risks remain
In terms of finance, Sharp will have a series of debts to be repaid in the future, except for a joint bank loan of 360 billion yen this month, and a 200 billion yen convertible corporate bond in September, respectively in March and September next year. There is a common bond of 30 billion yen and 100 billion yen.
Zhao Huizhi said that for the joint bank loan that will expire this month, according to Sharp, the two banks have agreed to carry out debt restructuring and increase the amount of financing; and for the convertible bonds due in September, it is highly likely that the loan will be fully Converted to equity investment. In the short run, Sharp's debt repayment pressure is not very large, but this will inevitably increase Sharp's dependence on banks, which can be seen from the bank directors. What is really risky is the two debts that will expire next year and the extension of the aforementioned deferred debt. From the current situation of Sharp, it is not enough to guarantee that it can repay the above debts in full.
It is understood that from the recent high-level personnel changes, two of the new nine-person board of directors are from banks.
However, in addition to being a liquid crystal expert, the retired Katayama Katsuo is also the leader of Sharp's cooperation with Hon Hai. With his departure, the ever-changing Hon Hai shares in Sharp will face new worries.
In this regard, Zhao Huizhi gave his own opinion: Recently, Hon Hai established its own LCD R&D organization, and Sharp once again wooed Lenovo, indicating that the cooperation between the two is on the verge of rupture.
According to overseas media reports, Sharp said on June 24 that Qualcomm's second round of 60 million US dollars of investment funds has hit the company's account, Qualcomm officially became Sharp's third largest shareholder. In Wu Xianjian's view, Sharp's "co-ordinated horizontal" should be a good strategy compared to the independence of Korean companies, but it is very important to locate your own position while laying out the industrial chain.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
The reporter was informed that the above appointment took effect on June 25 after being approved by the Sharp Shareholders' Meeting.
Zhao Huizhi, a researcher in the home appliance industry of China Investment Consulting Co., said that Sharp’s view on Takahashi Hiroshi is mainly due to his hope to use his experience to strengthen cooperation between Sharp and overseas companies.
Looking forward to changing coaches to achieve turnaround
It is understood that Takahashi Hiroshi has just served as the company's vice president last year and was promoted directly to the president this year. Sharp’s recognition of this life is a great hope for Takahashi Hiroshi.
Some media reports said that Takahashi Hiroshi had previously been responsible for the Sharp White Power Department and the US subsidiary, and his performance in developing overseas markets was good. Although Takahashi Hiroshi said publicly not long ago, "We need to say goodbye to Sharp we know these years. In addition to the company's founding principles, we need to be prepared to change everything about the company." But this time, he was killed. The pressure is not small.
The fiscal year 2012 earnings data has shown Sharp's current extremely difficult situation: a huge loss of 545.35 billion yen (about 5.4 billion US dollars), a record high in the company's history. According to Sharp's medium-term plan, it will achieve an operating profit of 80 billion yen and a net profit of 5 billion yen as of March next year. In the industry's view, this seems too big for Takahashi Hiroshi.
Zhao Huizhi said that under the current situation, it is very difficult for Sharp to achieve its medium-term goals. On the one hand, the current overall economy is still in flux; on the other hand, Sharp's current financial situation is more dangerous.
Wu Xianjian, secretary-general of the National Consumer Electronics Channels Alliance, believes that Sharp’s new president needs two considerations: on the one hand, competition with Samsung and Sony, how Sharp will position itself in the global market; on the other hand, Sharp’s China Market attitudes and perceptions are also crucial. What can be seen is that Sharp is still over-reliant on the domestic market in Japan. Whether it will abandon the Chinese market in the new strategy in the future, and then switch to other emerging markets and the markets of developed countries in Europe are still unknown.
Many potential risks remain
In terms of finance, Sharp will have a series of debts to be repaid in the future, except for a joint bank loan of 360 billion yen this month, and a 200 billion yen convertible corporate bond in September, respectively in March and September next year. There is a common bond of 30 billion yen and 100 billion yen.
Zhao Huizhi said that for the joint bank loan that will expire this month, according to Sharp, the two banks have agreed to carry out debt restructuring and increase the amount of financing; and for the convertible bonds due in September, it is highly likely that the loan will be fully Converted to equity investment. In the short run, Sharp's debt repayment pressure is not very large, but this will inevitably increase Sharp's dependence on banks, which can be seen from the bank directors. What is really risky is the two debts that will expire next year and the extension of the aforementioned deferred debt. From the current situation of Sharp, it is not enough to guarantee that it can repay the above debts in full.
It is understood that from the recent high-level personnel changes, two of the new nine-person board of directors are from banks.
However, in addition to being a liquid crystal expert, the retired Katayama Katsuo is also the leader of Sharp's cooperation with Hon Hai. With his departure, the ever-changing Hon Hai shares in Sharp will face new worries.
In this regard, Zhao Huizhi gave his own opinion: Recently, Hon Hai established its own LCD R&D organization, and Sharp once again wooed Lenovo, indicating that the cooperation between the two is on the verge of rupture.
According to overseas media reports, Sharp said on June 24 that Qualcomm's second round of 60 million US dollars of investment funds has hit the company's account, Qualcomm officially became Sharp's third largest shareholder. In Wu Xianjian's view, Sharp's "co-ordinated horizontal" should be a good strategy compared to the independence of Korean companies, but it is very important to locate your own position while laying out the industrial chain.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)

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