The following appears on bloomberg.com
The supplier of displays for Apple Inc.’s iPhone and iPad might raise about 200 billion yen ($2 billion), the report said, without attribution. Sharp said in a statement to the Tokyo Stock Exchange today that it’s considering various options to increase capital and hasn’t decided on a method.
Sharp forecast a return to profit in the year ended March 31 on cost reductions and demand for solar panels, after posting a combined 921 billion yen of losses in the previous two years. The financing will help boost the company’s capital-to-asset ratio to as high as 20 percent from about 8 percent now, Asahi said.