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You are here: Home / Archives for Sharp

Sharp

Osaka District Court Approves Onkyo Bankruptcy Petition for Two Subsidiaries

April 20, 2022 by Ted 4 Comments

Onkyo Home Entertainment Co. Ltd. (Onkyo) has announced that its two consolidated subsidiaries – Onkyo Sound Co. Ltd. (ONS) and Onkyo Marketing Co. Ltd (OMC) – have filed for bankruptcy. The company said that it had petitioned the court to begin bankruptcy proceedings for these divisions and has received judicial approval to begin the bankruptcy process from the Osaka District Court in Osaka, Japan.

See more on the bankruptcy of these Onkyo subsidiaries

[Read more…] about Osaka District Court Approves Onkyo Bankruptcy Petition for Two Subsidiaries

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Strategy Tagged With: 11 Trading Company, bankruptcy, Klipsch, Onkyo, Premium Audio Company, Sharp, Voxx International

Oh-Oh: Deadline for Onkyo & VOXX Agreement Passes with No Deal

May 20, 2021 by Ted 1 Comment

Onkyo web page
From Onkyo’s website…

BREAKING NEWS

Oh-oh! I thought today I would be confirming that the VOXX/Sharp/Onkyo definitive agreement – which was supposed to be concluded today, May 20, 2021 – was in fact fully executed as directed in the original tentative agreement. But instead, I have learned that the definitive agreement for this sale was NOT in fact signed today, as dictated in the preliminary agreement. Now what?

Is There Trouble in Osaka for Onkyo?

[Read more…] about Oh-Oh: Deadline for Onkyo & VOXX Agreement Passes with No Deal

Filed Under: Financial, News, Strategy Tagged With: acquisition, Onkyo, Onkyo Corp., Onkyo Corporation, Sharp, Sharp Corp., Voxx, Voxx International

Trying to Avert Disaster, Onkyo Signs Preliminary Deal to Sell to Voxx/Sharp

May 4, 2021 by Ted 1 Comment

Onkyo system on display in Japan
Onkyo system on display in Japan
[PHOTO: The Nikkei]

I can’t say this news from Onkyo Home Entertainment comes as much of a surprise. And based on conversations I’ve had with many of you over the last week or so, my reference a couple of weeks back to the growing romance between Onkyo and Voxx was clearly a wink-nod signal that I saw this coming. Onkyo has signed a preliminary agreement to sell their largest, but not their only, remaining division – the home audio/video division – to a partnership consisting of Sharp Corp. and Voxx Intl. The deal includes the Onkyo, Integra, Pioneer, and Pioneer Elite brands.

But after the abject failure of three previous attempts to sell the troubled company, will this deal actually close? See my thoughts…

Will deal between Onkyo and VOXX/Sharp close?

[Read more…] about Trying to Avert Disaster, Onkyo Signs Preliminary Deal to Sell to Voxx/Sharp

Filed Under: Asian Connection, Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: acquisition, Onkyo, Onkyo Home Entertainment, Sharp, Sharp Corp., Voxx, Voxx International

Sharp & Foxconn Stiff Korean Factory Equipment Suppliers on Money Owed

October 31, 2019 by Ted Leave a Comment

Image of Sharp logo

Korean media is reporting that Sharp, the former Japanese powerhouse brand now owned by Taiwan’s Foxconn, is late on approximately tens or even hundreds of millions of dollars worth of payments to Korean factory gear makers. Not only are they late, but they are said to be demanding even more discounts on the outstanding debt owed to multiple South Korean suppliers of factory equipment destined for use in LCD production factories. All of this is being done in violation of covenants in their purchase contracts with these suppliers.

This dispute may raise to level of government intervention.

What is Sharp & Foxconn doing? And why?…

[Read more…] about Sharp & Foxconn Stiff Korean Factory Equipment Suppliers on Money Owed

Filed Under: Associations, Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: Foxconn, LCD panels, Sharp, South Korea

Sharp Plans Major Investment in U.S., Paying Fealty to Trump

February 8, 2017 by Ted 1 Comment

Sharp investing in U.S.Sharp Corp., a subsidiary of Taiwan’s Hon Hai Precision Industry Co. which is better known as Foxconn, has said in Japan that it plans to make a major investment in the United States. This announcement precedes by just two days a summit meeting between Japanese and U.S. leaders and is seen as a political move to buy favor with both the Japanese and U.S. governments.

See more on this Sharp plan which originated with Foxconn’s CEO Terry Gou… [Read more…] about Sharp Plans Major Investment in U.S., Paying Fealty to Trump

Filed Under: Asian Connection, Management, News, Strategy Tagged With: Foxconn, Hon Hai Precision Industry Co., President Trump, Sharp, Shinzo Abe, Terry Gou

Sharp Strikes Again – Terminates LCD Panel Supply to China’s Hisense

December 21, 2016 by Ted Leave a Comment

Sharp Parent Foxconn Appears to be Playing Global Hard Ball

Hisense logoJust days after we told you about Sharp’s decision to stop supplying LCD panels to global TV leader Samsung – a decision that shocked many in Japan – apparently, they’ve done it again. The Nikkei in Japan is reporting that panel pricing negotiations have apparently broken down between Sharp and China’s Hisense Group with the parties unable to agree on a fair price. As a result, Sharp has notified Hisense it will also stop supplying them with panels in 2017.

The industry is positively buzzing about these power moves by Sharp… [Read more…] about Sharp Strikes Again – Terminates LCD Panel Supply to China’s Hisense

Filed Under: Asian Connection, Industry Trends, Manufacturers, News, Pivot Point, Strategy Tagged With: Foxconn, Hisense, Hon Hai Precision Industry Co., Samsung, Sharp, Terry Gou

Power Move: Sharp to Terminate LCD Panel Supply to Samsung

December 15, 2016 by Ted Leave a Comment

‘Samsung Scrambling to Find New Sources’ – Looks to LG

Samsung logoThe media in Japan positively exploded this week with the shocking news that Sharp has notified Samsung it will no longer supply the world’s top seller of LCD TVs with the panels they need for their sets. Samsung was Sharp’s largest customer, but in a shocking power move, after negotiations broke down – Sharp said no deal.

Could this be a sign of a new Sharp, now that it’s part of Foxconn? [Read more…] about Power Move: Sharp to Terminate LCD Panel Supply to Samsung

Filed Under: Asian Connection, Brands, Industry Trends, Manufacturers, News, Pivot Point, Products, Strategy Tagged With: Foxconn, LCD panels, LCD TV, Samsung, Sharp, Terry Gou

Sharp in Negotiations to Buy Back Building Sold Only Months Ago

August 31, 2016 by Ted Leave a Comment

New Owner’s Moves Continue to Confound the Japanese Media

Graphic of Sharp's LogoNews comes out of Japan that the new owners of Sharp are in the process of buying back a building the old management sold off when seeking to improve profitability by reducing overhead. Now, new management – made up of former Foxconn executives – are doing an about-face and looking to repurchase the building, in a move that has Japanese media scratching their heads.

See more on this new course reversal from Sharp’s new managers… [Read more…] about Sharp in Negotiations to Buy Back Building Sold Only Months Ago

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Foxconn, Hon Hai Precision Industry Co., Sharp

Changing Its Mind, Sharp to Negotiate to Buy Back the N. American TV Biz

August 23, 2016 by Ted Leave a Comment

Photo of Sharp solar panelSharp Corp., a division of Taiwan’s Hon Hai Precision Industry Co. – better known as Foxconn – is rethinking its previously determined plans for business success. As the company was struggling with financial hardships prior to the closing of their acquisition by Foxconn, Sharp made several cost cutting moves, including selling the North American and Europe rights to the Sharp TV brand to certain OEM manufacturers. Now, as they ponder how to drive revenue growth, there are reports they are changing their minds on these and other deals.

See more on this major planning flip-flop by Sharp… [Read more…] about Changing Its Mind, Sharp to Negotiate to Buy Back the N. American TV Biz

Filed Under: Asian Connection, Brands, Industry Trends, Management, Marketing, News, Pivot Point, Strategy Tagged With: Foxconn, Hisense, Hon Hai Precision Industry Co., Sharp, UMC of Slovakia

LCD Kingpin Sharp, Under New Management, Pursues OLED

June 22, 2016 by Ted Leave a Comment

Sharp to Cut Another 7,000 Employees

Foxconn logo

Big changes are coming to Sharp, Corp. in the wake of their acquisition by Hon Hai Precision Industry Co – better known as Foxconn. News out of Japan notes that the deal between Sharp and Foxconn officially closes at the end of this month. According to both parties, the acquisition is proceeding smoothly and is fully expected to close on time.

But Foxconn has big plans for big changes at Sharp… [Read more…] about LCD Kingpin Sharp, Under New Management, Pursues OLED

Filed Under: Asian Connection, Management, Manufacturers, News, Pivot Point, Strategy, Tech Trends Tagged With: acquisition, Foxconn, Hon Hai Precision Industry Co., Kozo Takahashi, Sharp, Terry Gou

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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