Foxconn Terry Gou: 4 years to turn SHARP into profit

Taiwan media news, Hon Hai and SHARP in April 2nd is regarded as the symbol of the cooperation between the two sides is the 10 generation panel plant in Sakai City "Sakai Display Product (SDP)" signed a purchase contract, Hon Hai will spend 388 billion 800 million yen to acquire 66% stake in SHARP, and after the completion of the contract, vice president Dai Zhengwu and Hon Hai chairman Terry Gou, SHARP President Takahashi Kimi held a joint the reporter foreign instructions, Hon Hai also at the press conference on SHARP released a number of gift, said the biggest 4 years to make SHARP turnaround, try to maintain no layoffs and intends to buy back SHARP has decided to sell the headquarters building.

According to the news report, about what time can let SHARP turnaround, Terry Gou 2 said, "I want a little earlier let SHARP profit more than anyone else, but from the Japanese culture to learn a lot, so although personally think that 2 years should be able to speak, but conservative estimates, 4 years let SHARP turnaround"; and Terry Gou repeatedly stressed that "SHARP is not the acquisition, investment".

There are a lot of people believe that after the acquisition of Hon Hai SHARP, fear of layoffs and other large-scale downsizing measures, in this regard, Terry Gou said, in Hon Hai, according to individual performance per year to remove 3-5% manpower. And on SHARP, hoping to allow all employees of SHARP can stay". The Nikkei pointed out that Terry Gou's remarks that Hon Hai will in principle to maintain employment, employees of SHARP layoffs, unlike before (early February) "will maintain employees under 40 years employment" speech.

Hon Hai on SHARP's investment from 489 billion yen to 388 billion 800 million yen reduced, and Hon Hai on SHARP's investment period is extended by one month time to October 5th, in this regard, Terry Gou pointed out that "negotiation will never break, and has since signed a contract, the investment can not be cut down, the past is in the past, rather than talking about the price, should consider the value of the future"; on Hon Hai on March 31st has been paid to 100 billion yen deposit in advance about the use of SHARP, Terry Gou said, will be the first to use in the cause of the panel.

Hon Hai highly praised SHARP power panel IGZO, so in addition to the planned production of OLED panels, Hon Hai also plans to improve the performance of the IGZO panel as soon as possible.

In addition, SHARP is located in Osaka City area Abeno headquarters has decided to sell the Japanese furniture manufacturers (Nitori, Holdings) should benefit and vice president Wu wear is in 2, Hon Hai said, "want to buy historic SHARP headquarters".

According to the Nikkei news that Hon Hai will refresh the SHARP management team, is expected to put forward candidates for the board of directors in April, SHARP President Takahashi Kimi is expected to step down, Foxconn is responsible for the sluggish performance of a predetermined appointed Dai Zhengwu served as president of SHARP.

But on the above Terry Gou does not lay off the remarks, the Japanese media have different interpretations of the Tokyo news.

Tokyo News reported that, although Terry Gou said, will make every effort to let SHARP employees stay, but Terry Gou specifically said, Hon Hai every year to abolish the 3-5% manpower, which also implies that the layoffs may mean.

The Tokyo News reported on March 31st, Hon Hai's acquisition of negotiations with SHARP "battle" in the end, after SHARP substantial concessions delayed about 1 months in March 30th finalized, but in 30, SHARP released the information, more than the previous (February 25th) no "structural reform", "enterprise reorganization" that can be cut "foxconn.

Reported that in 30, SHARP released the information, ensure matters relating to "maintain the original promise of Hon Hai SHARP", adding "does not include the structure of the solar battery business reform in order to meet the best interests of the shareholders or the business reorganization" clause, and the clause that Hon Hai has more freedom and can sell business, layoffs and other measures to streamline. The report pointed out that Hon Hai to ensure that no layoffs is a major reason for SHARP will choose Hon Hai, but after a month of negotiations after the extension, SHARP has been Hon Hai will be a military.

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