Sharp, a household name synonymous with innovative electronics and cutting-edge technology, has been a staple in the industry for nearly a century. From its humble beginnings in Japan to its current status as a global leader, Sharp has undergone significant transformations, including changes in ownership. In this article, we will delve into the history of Sharp, exploring its evolution, notable milestones, and ultimately, the brand that owns Sharp today.
A Brief History of Sharp
Sharp was founded in 1912 by Tokuji Hayakawa, an Japanese entrepreneur and inventor, in Tokyo, Japan. Initially, the company was called Hayakawa Metal Works and focused on producing metal products, including belt buckles and other accessories. However, it wasn’t until 1915 that Hayakawa invented the first ever-japanese made mechanical pencil, the “Ever-Ready Sharp Pencil,” which would later become the inspiration for the company’s name.
Early Years and Expansion
In the 1920s, Sharp began to shift its focus towards electronics, introducing its first radio in 1925. This marked the beginning of the company’s journey into the world of electronics, which would eventually become its core business. Throughout the 1930s and 1940s, Sharp continued to expand its product line, introducing new innovations such as the first Japanese-made television in 1953.
Post-War Era and Global Expansion
Following World War II, Sharp experienced rapid growth, driven by Japan’s economic boom. The company began to expand globally, establishing subsidiaries in the United States, Europe, and other parts of Asia. This period also saw the introduction of new products, including the first microwave oven in 1961 and the first LCD calculator in 1973.
The Evolution of Sharp’s Ownership
Over the years, Sharp has undergone significant changes in ownership, with various companies and investors acquiring stakes in the business.
Sharp’s Early Ownership Structure
Until the 1980s, Sharp remained a family-owned business, with the Hayakawa family holding a significant stake in the company. However, as the company grew and expanded globally, it began to attract the attention of external investors.
Sharp’s Partnership with General Electric
In 1980, Sharp formed a partnership with General Electric (GE), which acquired a 20% stake in the company. This partnership marked a significant turning point in Sharp’s history, providing the company with access to GE’s vast resources and expertise.
Sharp’s Financial Struggles and Restructuring
In the 2010s, Sharp faced significant financial challenges, including increased competition from low-cost manufacturers and declining demand for its products. In 2012, the company reported a record loss of ¥376 billion (approximately $3.5 billion USD), prompting a major restructuring effort.
Sharp’s Acquisition by Foxconn
In 2016, Sharp was acquired by Foxconn, a Taiwanese electronics manufacturing giant, for ¥389 billion (approximately $3.5 billion USD). The acquisition marked a significant shift in Sharp’s ownership structure, with Foxconn becoming the company’s largest shareholder.
Who Owns Sharp Today?
Today, Sharp is a subsidiary of Foxconn, which owns a majority stake in the company. Foxconn’s acquisition of Sharp has enabled the company to leverage Foxconn’s vast manufacturing capabilities and resources, allowing it to focus on developing innovative products and technologies.
Sharp’s Current Business Structure
Under Foxconn’s ownership, Sharp has undergone significant restructuring, including the sale of non-core assets and the consolidation of its business operations. The company has also invested heavily in research and development, focusing on emerging technologies such as artificial intelligence, 5G, and the Internet of Things (IoT).
Sharp’s Future Prospects
As a subsidiary of Foxconn, Sharp is well-positioned to capitalize on the growing demand for innovative electronics and technologies. With its rich history, strong brand recognition, and commitment to innovation, Sharp is poised to remain a major player in the industry for years to come.
Conclusion
Sharp’s journey from a small metal works company in Japan to a global electronics leader is a testament to the company’s commitment to innovation and its ability to adapt to changing market conditions. Today, as a subsidiary of Foxconn, Sharp is well-positioned to continue its legacy of innovation and excellence, shaping the future of the electronics industry.
| Year | Event | Description |
|---|---|---|
| 1912 | Founding of Hayakawa Metal Works | Tokuji Hayakawa founds Hayakawa Metal Works, the precursor to Sharp Corporation. |
| 1915 | Invention of the Ever-Ready Sharp Pencil | Hayakawa invents the first ever-Japanese made mechanical pencil, which becomes the inspiration for the company’s name. |
| 1925 | Introduction of Sharp’s First Radio | Sharp introduces its first radio, marking the beginning of the company’s journey into electronics. |
| 1953 | Introduction of Japan’s First Television | Sharp introduces Japan’s first television, a significant milestone in the company’s history. |
| 1961 | Introduction of the First Microwave Oven | Sharp introduces the first microwave oven, a revolutionary kitchen appliance. |
| 1973 | Introduction of the First LCD Calculator | Sharp introduces the first LCD calculator, a significant innovation in the field of electronics. |
| 1980 | Partnership with General Electric | Sharp forms a partnership with General Electric, which acquires a 20% stake in the company. |
| 2012 | Record Loss and Restructuring | Sharp reports a record loss of ¥376 billion, prompting a major restructuring effort. |
| 2016 | Acquisition by Foxconn | Sharp is acquired by Foxconn for ¥389 billion, marking a significant shift in the company’s ownership structure. |
In conclusion, Sharp’s ownership has undergone significant changes over the years, from its early days as a family-owned business to its current status as a subsidiary of Foxconn. As the company continues to evolve and innovate, its rich history and commitment to excellence remain a testament to its enduring legacy in the world of electronics.
Who is the current owner of Sharp Corporation?
Sharp Corporation is currently owned by Foxconn (also known as Hon Hai Precision Industry Co., Ltd.), a Taiwanese multinational electronics contract manufacturing company. Foxconn acquired a 66% stake in Sharp Corporation in 2016, becoming the majority shareholder of the company. This acquisition marked a significant milestone in Sharp’s history, as it allowed the company to leverage Foxconn’s resources and expertise to revamp its operations and improve its competitiveness in the global market.
Under Foxconn’s ownership, Sharp has undergone significant restructuring and transformation efforts, aimed at revitalizing its business and restoring its position as a leading player in the electronics industry. Foxconn’s investment has enabled Sharp to invest in new technologies, expand its product portfolio, and strengthen its global presence. As a result, Sharp has been able to regain its footing and continue to innovate and evolve as a brand.
What is the history of Sharp Corporation’s ownership?
Sharp Corporation was founded in 1912 by Tokuji Hayakawa, and it remained a family-owned business for many years. In the 1950s and 1960s, Sharp began to expand its operations and go public, listing its shares on the Osaka Stock Exchange in 1956. Over the years, Sharp’s ownership structure has undergone significant changes, with various investors and partners acquiring stakes in the company. In the 1980s, Sharp formed a strategic alliance with Sony, which acquired a significant stake in the company.
However, in the 2000s, Sharp began to face significant financial challenges, which led to a decline in its stock price and a loss of market value. In 2016, Foxconn acquired a majority stake in Sharp, becoming the company’s largest shareholder. Since then, Foxconn has played a significant role in shaping Sharp’s strategy and direction, and has helped the company to navigate the challenges of the rapidly evolving electronics industry.
How has Sharp’s ownership structure impacted its business strategy?
Sharp’s ownership structure has had a significant impact on its business strategy over the years. During the period of family ownership, Sharp was able to maintain a strong focus on innovation and quality, which helped the company to establish itself as a leading player in the electronics industry. However, as the company expanded and went public, it faced increasing pressure to prioritize short-term profits over long-term investments in research and development.
Under Foxconn’s ownership, Sharp has been able to adopt a more flexible and agile business strategy, which has enabled the company to respond quickly to changes in the market and to invest in new technologies and products. Foxconn’s expertise in manufacturing and supply chain management has also helped Sharp to improve its operational efficiency and reduce costs. As a result, Sharp has been able to regain its competitiveness and continue to innovate and evolve as a brand.
What role has Foxconn played in shaping Sharp’s strategy?
Since acquiring a majority stake in Sharp, Foxconn has played a significant role in shaping the company’s strategy and direction. Foxconn’s chairman, Terry Gou, has taken an active role in guiding Sharp’s management team and has helped to drive the company’s transformation efforts. Foxconn has also brought its expertise in manufacturing and supply chain management to Sharp, which has helped the company to improve its operational efficiency and reduce costs.
Under Foxconn’s guidance, Sharp has focused on developing new technologies and products, such as 8K TVs and 5G smartphones. Foxconn has also helped Sharp to expand its presence in new markets, such as China and Southeast Asia. As a result, Sharp has been able to regain its footing and continue to innovate and evolve as a brand. Foxconn’s investment in Sharp has also helped to drive the company’s growth and profitability, and has enabled Sharp to invest in new areas such as artificial intelligence and the Internet of Things.
How has Sharp’s ownership impacted its brand identity?
Sharp’s ownership structure has had a significant impact on its brand identity over the years. During the period of family ownership, Sharp was able to maintain a strong focus on innovation and quality, which helped the company to establish itself as a leading player in the electronics industry. However, as the company expanded and went public, it faced increasing pressure to prioritize short-term profits over long-term investments in research and development.
Under Foxconn’s ownership, Sharp has been able to revamp its brand identity and restore its reputation as a leader in the electronics industry. Foxconn has invested heavily in Sharp’s brand and marketing efforts, which has helped the company to raise its profile and increase its visibility in the market. Sharp has also focused on developing new products and technologies that showcase its innovation and expertise, such as its 8K TVs and 5G smartphones. As a result, Sharp’s brand identity has been revitalized, and the company has been able to regain its position as a leading player in the electronics industry.
What are the benefits of Sharp’s ownership structure?
Sharp’s ownership structure, with Foxconn as the majority shareholder, has brought several benefits to the company. One of the main benefits is the access to Foxconn’s resources and expertise, which has enabled Sharp to improve its operational efficiency and reduce costs. Foxconn’s investment in Sharp has also helped to drive the company’s growth and profitability, and has enabled Sharp to invest in new areas such as artificial intelligence and the Internet of Things.
Another benefit of Sharp’s ownership structure is the ability to leverage Foxconn’s global presence and network. Foxconn has a significant presence in China and other emerging markets, which has helped Sharp to expand its reach and increase its sales in these regions. Additionally, Foxconn’s relationships with other technology companies have helped Sharp to form strategic partnerships and collaborations, which has enabled the company to stay at the forefront of innovation and technology.
What does the future hold for Sharp under Foxconn’s ownership?
Under Foxconn’s ownership, Sharp is expected to continue to evolve and innovate as a brand. Foxconn has committed to investing in Sharp’s research and development efforts, which will enable the company to stay at the forefront of technology and innovation. Sharp is also expected to continue to expand its presence in new markets, such as China and Southeast Asia, and to form strategic partnerships and collaborations with other technology companies.
In the coming years, Sharp is expected to focus on developing new products and technologies that showcase its innovation and expertise, such as 8K TVs, 5G smartphones, and artificial intelligence-powered devices. Foxconn’s investment in Sharp will also enable the company to invest in new areas such as the Internet of Things, robotics, and autonomous vehicles. As a result, Sharp is expected to continue to grow and thrive under Foxconn’s ownership, and to remain a leading player in the electronics industry.