Sharp Corporation Transfers Fixed Assets to SoftBank, Boosting Fiscal Year Profit

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Sharp Corporation Transfers Fixed Assets to SoftBank, Boosting Fiscal Year Profit

Sharp Corporation ( (JP:6753) ) has issued an update.

Sharp Corporation has completed the transfer of its fixed assets, including land and buildings in Sakai City, Osaka, to SoftBank Corp. for 100,000 million yen. This transaction is expected to result in a significant gain of 75,424 million yen, positively impacting Sharp’s financial results for the fiscal year ending March 31, 2025, and exceeding the previously forecasted profit attributable to owners of the parent.

More about Sharp Corporation

Sharp Corporation operates in the electronics industry, primarily focusing on the development and manufacturing of electronic products and solutions. The company is known for its consumer electronics, including televisions, home appliances, and communication devices, and has a significant presence in the global market.

YTD Price Performance: -2.70%

Average Trading Volume: 1,844,531

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen616.8B

See more data about 6753 stock on TipRanks’ Stock Analysis page.

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