The Traderszone Network

Published in TZ Latest News 9 May, 2015 by The TZ Newswire Staff

Sharp plans to use capital to wipe out past losses: source

Japan’s Sharp Corp is considering using capital to reduce accumulated losses on its book, an accounting maneuver that would allow the loss-making electronics maker to resume dividend payment earlier, a source said on Saturday. The company has said it will not pay a dividend the year ended in March this year, the third year running it has skipped the payment to shareholders.