Sharp considering Y100 bil public offering

Business Jan. 02, 2013 - 06:57AM JST ( 7 )

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7 Comments

5

The_PopeJan. 02, 2013 - 08:26AM JST

First they (and all Japanese electronics makers) need to get rid of their bloated boards of directors, window gazers and 500,000 yen a month paper pushers and then maybe their stock would be worth a look at...
2

herefornowJan. 02, 2013 - 09:00AM JST

Sharp has started talks with major creditor banks and wants to include the capital increase scheme in a mid-term business plan to be announced as early as February,

Then it really isn't a "public offering". They are simply going to be giving the banks that already own too much of their stock, more of it, in return for fresh loans. Why? Because they know they could not actually sell shares on the open market -- at least not JPY 100 billion worth. Japan Inc., at least the electronics firms, is simply re-arranging the deck chairs at this point in hopes of a miracle.
1

sensei258Jan. 02, 2013 - 09:36AM JST

Tax write-off?
0

Oz_DavidJan. 02, 2013 - 03:18PM JST

100 billion yen will cover the expected losses from now until the end of March 2013 (calculated based on the story info).

What does Sharp plan to do after this money runs out?
3

namabiru4meJan. 02, 2013 - 05:31PM JST

This is an attempt to get enough money for those retiring to get their pensions, retirement bonuses, and other benefits. Meanwhile, no improvements within the company will happen and it will continue to bleed.
1

mitoguitarmanJan. 02, 2013 - 09:05PM JST

Haha, a bit late Sharp. Shoulda done it when you were on top.
-3

GWJan. 03, 2013 - 06:48PM JST

Let me think about this..............

NO BLOODY WAY would I give them any of my yen.