Business became profitable within months of 2018 acquisition from Toshiba
Nikkei Asian Review
Date: July 3, 2020
By: Kensaku Ihara, Nikkei staff writer
Sharp acquired Dynabook from Toshiba in 2018. (Photo from Dynabook’s Twitter account)
"We hope that the listing can happen by the end of this year," Tai told a news conference here after unveiling new products. He hails from Sharp's Taiwanese parent, Hon Hai Precision Industry, or Foxconn.
Sharp acquired Dynabook from Toshiba in 2018 for around 4 billion yen ($37 million at current rates) and has been implementing Foxconn-style cost-cutting and other reforms. The Tokyo-based unit generated a profit just three months after the purchase, Tai said, indicating that business is performing well.
While emphasizing that the market is "gradually recovering" from coronavirus damage, Tai was cautious on the outlook and hinted at uncertainty. [FULL STORY]
