Sharp Says it Currently has No Plans to Spin-Off LCD Business

sharp worldApril 7, 2015 – Yesterday, Sharp Corporation of Japan issued a press release stating that, despite several speculative media reports regarding Sharp’s possible spin-off of its LCD business, and funding from Innovation Network Corporation of Japan (INCJ), these reports are not based on any Sharp announcement.

The firm says it’s currently considering various possibilities for fundamental structural reforms, including for its LCD business, “but there are no fact of specific decisions made at this time.” Sharp is currently reviewing its new Medium-Term Management Plan, which it will announce next month.

Late last month, Sharp also denied rumors that it would be cutting its global workforce by some 6,000 jobs.

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