Decision and Details
An absorption-type merger in which Sharp Corporation will be the surviving company and シャープ米子株式会社 will be the absorbed company
In light of its challenging business outlook, シャープ米子株式会社 wound down its business in May 2026 and will cease to exist as a result of the absorption-type merger. As this is a merger between a wholly owned parent company and its wholly owned subsidiary, no merger consideration will be paid.
シャープ米子株式会社 reported net sales of ¥451.252 million (55.7% of the prior-year level), an operating loss of ¥80.478 million, an ordinary loss of ¥89.945 million and a net loss of ¥2,319.305 million. It has been determined that there is no concern regarding Sharp Corporation's ability to perform the obligations it will assume after the merger.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type merger in which Sharp Corporation will be the surviving company and シャープ米子株式会社 will be the absorbed company |
| Decision Date | 7 August 2026 (date of execution of the merger agreement) |
| Implementation Date | 1 October 2026 (scheduled effective date; subject to the effectiveness of the absorption-type merger with シャープディスプレイテクノロジー株式会社) |
| Amount | Merger consideration: ¥0; increase in capital resulting from the merger: ¥0; increase in capital reserve resulting from the merger: ¥0; increase in retained earnings reserve resulting from the merger: ¥0; impairment loss at シャープ米子株式会社: ¥1,539.544 million; extraordinary loss from outplacement support costs: ¥737.733 million |
| Quantity / scale | All shares of シャープ米子株式会社 (2,000 shares) and all employees (160 people) |
| Impact on Business Performance | シャープ米子株式会社 reported net sales of ¥451.252 million (55.7% of the prior-year level), an operating loss of ¥80.478 million, an ordinary loss of ¥89.945 million and a net loss of ¥2,319.305 million. It has been determined that there is no concern regarding Sharp Corporation's ability to perform the obligations it will assume after the merger. |
| Reason | In light of its challenging business outlook, シャープ米子株式会社 wound down its business in May 2026 and will cease to exist as a result of the absorption-type merger. As this is a merger between a wholly owned parent company and its wholly owned subsidiary, no merger consideration will be paid. |
| Governing Rule | Article 796, paragraph 2 of the Companies Act (simplified merger by Sharp Corporation), Article 784, paragraph 1 of the Companies Act (short-form merger by シャープ米子株式会社), and disclosure through EDINET under the Financial Instruments and Exchange Act |
| Future plans | The absorption-type merger is scheduled to become effective on 1 October 2026. Its effectiveness is subject to the effectiveness of the absorption-type merger with シャープディスプレイテクノロジー株式会社. The effective date of the merger may be changed by agreement between the parties. |
Items this document does not state (3)
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.In light of its challenging business outlook, シャープ米子株式会社 will wind down its business and cease to exist as a result of the absorption-type merger. It has been determined that there is no concern regarding Sharp Corporation's ability to perform its obligations after the merger.