Sharp plans to stop production of some large LCD panels amid long-term market downturn

According to news from this site on April 16, NHK news, Japanese electronics manufacturer Sharp has decided to stop the production of some large LCD monitors. The affected products are produced by Sakai Display Products (SDP), a subsidiary located in Osaka Prefecture. This decision is due to the sluggish performance of the company's panel business. Sharp has informed its suppliers of the plan, and Sharp intends to negotiate with these companies to determine the timing of the suspension of production. Sharp said it expected a net loss of 10 billion yen in the fiscal year ending in March, following a huge loss in the previous fiscal year. Sakai Display Products Company

has been losing money due to the long-term downturn in the

LCD market, and Sharp is trying to prevent further losses by suspending production.

#In 2022, Sharp will transform the major LCD manufacturer "Sakai Display Products Company" into a wholly-owned subsidiary for approximately US$296 million. In fact, Sakai Display Products Co., Ltd. was once a consolidated subsidiary of Sharp, but was later changed to operate jointly with Hon Hai Precision Industry Co., Ltd. and became a company subject to the jurisdiction law.

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