An update from Sharp Corporation ( (JP:6753) ) is now available.
Sharp Corporation announced an absorption-type merger with its wholly-owned subsidiary, AIoT Cloud Inc., effective July 1, 2025. This strategic move aims to enhance Sharp’s revenue growth in cloud services and data utilization by leveraging AIoT Cloud’s development talent and customer base. The merger will also help expand Sharp’s Smart Workplace Business Group. AIoT Cloud, currently in a state of negative net worth, will be dissolved, and Sharp plans to waive claims against it to resolve financial issues, facilitating a smooth merger process.
More about Sharp Corporation
Sharp Corporation is a prominent player in the electronics industry, primarily focusing on the manufacturing and sales of telecommunications equipment, electric and electronic application equipment, and electronic components. The company is headquartered in Osaka, Japan, and is known for its innovative solutions in electronics.
YTD Price Performance: -14.62%
Average Trading Volume: 1,996,275
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen546B
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