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Sharp plans business alliance with ChengDu Jusda Supply Chain Management

Industry News   2016/10/09  
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Sharp Corporation (“Sharp”) announces that, at the Board of Directors meeting held today, it has resolved to enter into a business alliance with ChengDu Jusda Supply Chain Management Co., LTD. (“JUSDA”) and newly establish SHARP JUSDA Logistics Corporation (“SJL”) (the “Establishment of the Company”).

With the commencement of the new management system, Sharp drastically changed the entire company organization as of August 27, aspiring to establish an iconic global brand to achieve a surplus as soon as possible in order to ensure stable growth; and further, Sharp expressed its plan to transform its corporate section into a profit center by drastically reviewing its business processes and enhancing its expertise. With respect to the logistics solution-related business which Sharp has operated, Sharp decided to form a business alliance with JUSDA, which has global logistics-related operations and logistics solution operations in the Hon Hai group, and aggregate in SJL the logistics solution-related operations which Sharp has conducted. From now and into the future, Sharp will proceed with discussions with JUSDA as to how the business alliance will be carried out through SJL. In cooperation with JUSDA, SJL will enhance the logistics operating function and management function, and will also offer logistics solutions externally in the future, aiming to increase profits from the perspectives of both “making the logistics efficient and reducing the logistics cost” and “business expansion by offering logistics solutions to external customers”. 



In the discussions in Sharp’s Board of Directors meeting held today, Mr. Kazuya Nakaya and Mr. Yoshihisa Ishida, who are both outside directors and outside executives and have no shared interest with the controlling shareholder, offered their opinions that “This business alliance and the Establishment of the Company is an attempt to enhance efficiency and reduce Sharp’s costs through cooperation with JUSDA, and to improve the profitability of the new company by offering logistics solutions to outside customers, with the aim of improving and ameliorating the profit of Sharp itself. Therefore, the Establishment of the Company is not disadvantageous to the minority shareholders.” Following this opinion, all eight attendees of the Board of Directors meeting unanimously approved.