Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
16551
¥ million (FY2026 net sales of the Hakusan business)Wording
Conditional
How definitive the wording is.This transaction
This organizational restructuring (absorption-type mergers and absorption-type company split)Counterparty (target company)シャープディスプレイテクノロジー株式会社, シャープフロンティアオートモーティブテクノロジー株式会社, シャープ米子株式会社, シャープディスプレイカラーフィルター株式会社, シャープディスプレイマニュファクチャリング株式会社
Disclosing companySharp Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Planning, development, design, manufacture and sale of display devices and products applying display technologies, Development, manufacture and sale of automotive cameras and electronic mirror products, Development, manufacture and sale of other machinery and equipment, product servicing and related businesses and operations, Manufacture and sale of color filters for liquid crystal displays, Manufacture and sale of display devices and provision of services related to the display device business
Location Kameyama, Mie Prefecture, Fukuyama, Hiroshima, Yonago, Tottori Prefecture, Tsu, Mie Prefecture, Tsu, Mie PrefectureShare capital シャープディスプレイテクノロジー株式会社 ¥100,000,000 / シャープフロンティアオートモーティブテクノロジー株式会社 ¥250,000,000 / シャープ米子株式会社 ¥100,000,000 / シャープディスプレイカラーフィルター株式会社 ¥50,000,000 / シャープディスプレイマニュファクチャリング株式会社 ¥95 millionDate of incorporation シャープディスプレイテクノロジー株式会社 7 August 2020 / シャープフロンティアオートモーティブテクノロジー株式会社 5 June 2018 / シャープ米子株式会社 1 June 2005 / シャープディスプレイカラーフィルター株式会社 8 March 2021 / シャープディスプレイマニュファクチャリング株式会社 5 June 1991
Net Salesシャープディスプレイテクノロジー株式会社 ¥267,974 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 ¥1,112 million (fiscal year ending March 2026) / シャープ米子株式会社 ¥451 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 ¥4,583 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 ¥20,655 million (fiscal year ending March 2026)
Operating profitシャープディスプレイテクノロジー株式会社 Operating loss of ¥31,173 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 Operating loss of ¥482 million (fiscal year ending March 2026) / シャープ米子株式会社 Operating loss of ¥80 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 Operating profit of ¥118 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 Operating profit of ¥230 million (fiscal year ending March 2026)
Net income for the current fiscal yearシャープディスプレイテクノロジー株式会社 Net loss of ¥48,111 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 Net loss of ¥7,481 million (fiscal year ending March 2026) / シャープ米子株式会社 Net loss of ¥2,319 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 Net loss of ¥1,160 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 Net income of ¥74 million (fiscal year ending March 2026)
Net assetsシャープディスプレイテクノロジー株式会社 Net assets of negative ¥196,747 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 Net assets of negative ¥6,507 million (fiscal year ending March 2026) / シャープ米子株式会社 Net assets of negative ¥3,199 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 Net assets of negative ¥1,098 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 ¥1,422 million in net assets (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceNo shares will be issued and no cash or other consideration will be paid in connection with the mergers or this absorption-type company split.
Type of ConsiderationNo consideration (no new shares will be issued and no cash or other consideration will be paid)
Merger ratio/share exchange ratioNot applicable (the mergers are with wholly owned subsidiaries, so no shares will be issued and no cash or other consideration will be paid)
Impact on Business Performance
As this organizational restructuring consists of absorption-type mergers and an absorption-type company split involving wholly owned subsidiaries, its impact on the Company's consolidated results will be minor.
Procedures and assumptions
Conditions Precedent to ExecutionThe Second Merger will be carried out subject to the First Merger taking effect, and the Third Merger and this absorption-type company split will be carried out subject to the Second Merger taking effect. In addition, before the mergers are implemented, the Company plans to waive all or part of its receivables from SDTC, SYC and SDCC, resolve their excess liabilities, and then carry out the mergers.
Management structure after acquisitionThere will be no change to the Company's name, location, representative's title or name, business activities, capital or fiscal year-end. There will likewise be no change to the name, location, representative's title or name, business activities, capital or fiscal year-end of SDMC, the company transferring the business through the absorption-type company split. Treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This organizational restructuring (absorption-type mergers and absorption-type company split) |
| Counterparty name | シャープディスプレイテクノロジー株式会社, シャープフロンティアオートモーティブテクノロジー株式会社, シャープ米子株式会社, シャープディスプレイカラーフィルター株式会社, シャープディスプレイマニュファクチャリング株式会社 |
| Name of the Subject Company | シャープディスプレイテクノロジー株式会社, シャープフロンティアオートモーティブテクノロジー株式会社, シャープ米子株式会社, シャープディスプレイカラーフィルター株式会社, シャープディスプレイマニュファクチャリング株式会社 |
| Business Description of the Subject Company | Planning, development, design, manufacture and sale of display devices and products applying display technologies, Development, manufacture and sale of automotive cameras and electronic mirror products, Development, manufacture and sale of other machinery and equipment, product servicing and related businesses and operations, Manufacture and sale of color filters for liquid crystal displays, Manufacture and sale of display devices and provision of services related to the display device business |
| Location of the Subject Company | Kameyama, Mie Prefecture, Fukuyama, Hiroshima, Yonago, Tottori Prefecture, Tsu, Mie Prefecture, Tsu, Mie Prefecture |
| Capital Stock of the Subject Company | シャープディスプレイテクノロジー株式会社 ¥100,000,000 / シャープフロンティアオートモーティブテクノロジー株式会社 ¥250,000,000 / シャープ米子株式会社 ¥100,000,000 / シャープディスプレイカラーフィルター株式会社 ¥50,000,000 / シャープディスプレイマニュファクチャリング株式会社 ¥95 million |
| Date of Establishment of the Subject Company | シャープディスプレイテクノロジー株式会社 7 August 2020 / シャープフロンティアオートモーティブテクノロジー株式会社 5 June 2018 / シャープ米子株式会社 1 June 2005 / シャープディスプレイカラーフィルター株式会社 8 March 2021 / シャープディスプレイマニュファクチャリング株式会社 5 June 1991 |
| Net Sales of the Subject Company | シャープディスプレイテクノロジー株式会社 ¥267,974 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 ¥1,112 million (fiscal year ending March 2026) / シャープ米子株式会社 ¥451 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 ¥4,583 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 ¥20,655 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | シャープディスプレイテクノロジー株式会社 Operating loss of ¥31,173 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 Operating loss of ¥482 million (fiscal year ending March 2026) / シャープ米子株式会社 Operating loss of ¥80 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 Operating profit of ¥118 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 Operating profit of ¥230 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | シャープディスプレイテクノロジー株式会社 Net loss of ¥48,111 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 Net loss of ¥7,481 million (fiscal year ending March 2026) / シャープ米子株式会社 Net loss of ¥2,319 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 Net loss of ¥1,160 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 Net income of ¥74 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | シャープディスプレイテクノロジー株式会社 Net assets of negative ¥196,747 million (fiscal year ending March 2026) / シャープフロンティアオートモーティブテクノロジー株式会社 Net assets of negative ¥6,507 million (fiscal year ending March 2026) / シャープ米子株式会社 Net assets of negative ¥3,199 million (fiscal year ending March 2026) / シャープディスプレイカラーフィルター株式会社 Net assets of negative ¥1,098 million (fiscal year ending March 2026) / シャープディスプレイマニュファクチャリング株式会社 ¥1,422 million in net assets (fiscal year ending March 2026) |
| Acquisition price | No shares will be issued and no cash or other consideration will be paid in connection with the mergers or this absorption-type company split. |
| Type of Consideration | No consideration (no new shares will be issued and no cash or other consideration will be paid) |
| Merger ratio/share exchange ratio | Not applicable (the mergers are with wholly owned subsidiaries, so no shares will be issued and no cash or other consideration will be paid) |
| Voting rights ownership percentage | Before 100% (SDTC is wholly owned by the Company, and SFAT, SYC, SDCC and SDMC are wholly owned by SDTC) → after Wholly owned subsidiary of the Company (SDMC after the Second Merger) / companies to be dissolved through the mergers (SDTC, SFAT, SYC and SDCC) |
| Impact on Business Performance | As this organizational restructuring consists of absorption-type mergers and an absorption-type company split involving wholly owned subsidiaries, its impact on the Company's consolidated results will be minor. |
| Date of board resolution | 7 August 2026 |
| Contract Date | 7 August 2026 |
| Execution Date / Effective Date | 1 October 2026 (effective date of the First through Third Mergers and this absorption-type company split); 1 April 2027 (effective date of the Fourth Merger) |
| Conditions Precedent to Execution | The Second Merger will be carried out subject to the First Merger taking effect, and the Third Merger and this absorption-type company split will be carried out subject to the Second Merger taking effect. In addition, before the mergers are implemented, the Company plans to waive all or part of its receivables from SDTC, SYC and SDCC, resolve their excess liabilities, and then carry out the mergers. |
| Management structure after acquisition | There will be no change to the Company's name, location, representative's title or name, business activities, capital or fiscal year-end. There will likewise be no change to the name, location, representative's title or name, business activities, capital or fiscal year-end of SDMC, the company transferring the business through the absorption-type company split. Treatment of employees: Not disclosed |
Items this document does not state (11)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The purpose is to reintegrate into the Company the display device-related organizations and functions currently dispersed across the Group, thereby consolidating business operating functions, reducing administrative costs, making optimal use of management resources and strengthening governance.
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